IQue Ventures has declared a massive venture named Startup Park in Bengaluru, with an investment of ₹600 crore, which is giving new founders hope again. The first phase will begin on 15th September in Bengaluru for an investment of ₹50 crore. The step is being regarded as a new lifeline for startups when the sector actually needs a boost as they are experiencing a tough time. Financing is decelerating, redundancies are being carried out, and several new companies are fighting to stay alive.
Empowering 200+ Startups & Building 10,000 Jobs
The primary motive of this park is to support more than 200 startups and generate over 10,000 jobs within the next 18 months. It will address issues such as insufficient office space, no proper guidance, poor networking, and fewer funds. As per recent reports, nearly 37% of Indian startups have been struggling to survive in recent times due to funding winter. Startup Park aims to do something about it and offer growth support to early-stage and scaling startups.
One Roof – All Facilities
Startup Park will have cutting-edge facilities like:
- Pitch studios to rehearse investor pitches
- Product test labs
- Coworking offices with high-speed internet
- Mentorship, business gurus, and investor connections
IQue Ventures also committed that they will facilitate startups’ expansion worldwide, connect them with customers outside the country, and source funds from overseas investors. They declared, “We want to make Startup Park a complete support system, not just a workspace.”
The Vision of the Founder
Shafi Shoukath, IQue Ventures’ Founder & CEO, described Startup Park as a “game-changer for India’s startup journey”. He also announced that they plan to establish similar Startup Parks in Delhi, Hyderabad, Pune, and even Dubai soon. This will form a global network of Indian startups and facilitate easier cross-border business.
Competition Getting Tougher
India already boasts well-known startup hubs like StartupX (Bengaluru), T-Hub (Hyderabad), and Google Launchpad. These locations have strong records for funding, mentorship, and global tech connections. Many also offer accelerator programs, investor meetups, and international demo days.
For example, T-Hub recently crossed 1,100 startups in its network and has facilitated investments from leading VCs. Google Launchpad has helped Indian startups get access to Silicon Valley mentors and international partnerships. With new entrants like WeWork Labs, 91Springboard, and state-supported incubators also growing, the fight for talent, investment, and customer attention is only getting more intense.
For Startup Park to truly stand out, experts believe it will need to offer founders not just cheaper rent, but real tailor-made support—like sector-specific mentors, rapid investor access, and global customer connects that address exactly what new companies lack most. Quick, cost-effective scaling options and hands-on help in overseas markets can make a critical difference.
Why It Matters More Today
While more than 12,000 startup employees lost their jobs in India this year, funding dropped by 60% from last year (as reported by Tracxn), Startup Park is coming like a good positive sign. And with the government encouraging #StartupIndia, this private initiative can aid in the dream of making India the ‘Startup Capital of the World’. With India just passing 100 unicorns recently, Startup Park is likely to maintain the pace going.
Conclusion
IQue Ventures’ Startup Park is a highly potent and relevant move for India’s startup ecosystem. If it offers strong infrastructure at a reasonable price, it can enable thousands of young founders to create companies without having to exit the country. With its ₹600 crore proposal and ambition to expand across India and overseas, Startup Park can make India one of the world’s top 3 startup countries.
