Incubators, investors and fund-raising platforms are turning to regional startups and ecosystems in smaller cities for the next level of growth, as stakeholders look to cities like Surat, Ahmedabad and Indore.
This week, Mumbai-based Venture Catalysts expanded to Surat, the world's largest diamond business hub, making its first foray into a regional area aimed at mobilising startups, mentors, investors and catalysts.
Last month, the IIM-A's incubator CIIE and SAP India started its second edition of the startup accelerator to mentor and build capacities of 30 startups by 2017, in Gujarat, Rajasthan and Pune.
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