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Indian start-ups functioning in the burgeoning Internet of Things (IoT) space have attracted over $169 million in funding in the past ten years, with over half of all the companies set up in that time is based in the country's information technology (IT) capital Bengaluru.
According to a study by management consultancy Zinnov, over 120 IoT startups were set up in India in the last decade, with the pace really kicking off after 2010.
As for the location where a majority of these startups were based in, the study found that 52 per cent of IoT firms were in Bengaluru.
"A wide availability
