n America, Silicon Valley is ground zero for startups. In India, it's Bangalore.
The city in the southern region of the country is not only the hub of India's technology sector, it's also among the 10 most preferred cities globally among entrepreneurs, according to the Startup Genome Project. And Mumbai, along the country's west coast, is number 20.
That healthy startup culture has resulted in a flood of new businesses since 2006 - and venture capital investments are flowing steadily.
Ernst & Young says entrepreneurs in India raised $1.5 billion in 155 investment rounds last year, an improvement on the $1.1 billion raised in 103 rounds in 2010.
And investment is likely to continue growing over the next two years, with a focus on e-commerce, mobile applications, health care delivery, medical devices, financial inclusion, clean technology and IT.
With that in mind, we made our selections based on the winners and finalists of the 2012 Techcircle Fastrack award and Techsparks 2012 - the two premiere startup recognition awards in India. By Chris Morris