Bengaluru is not the hottest startup destination in India any more

India’s Silicon Valley seems to be losing its steam.

In the first six months of 2016, startups in the Delhi national capital region (NCR) attracted almost twice the amount of investments raised by startups in India’s technology capital of Bengaluru. And startups in Delhi NCR account for more than half the total $1.8 billion raised by Indian startups in 2016 so far, according to data from startup-sector research firm Tracxn.

Bengaluru has been home to the Indian offices of many global...

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