India has one of the most vibrant startup ecosystems in the world. The Indian government provides fast clearances to Micro, Small and Medium Enterprises (MSMEs) through its online portals. As a matter of fact, you can register a startup in India in less than a week.
Additionally, there’re several ways to get funding to launch a startup in India. We have several crowdfunding platforms from where you can raise some seed money for the startup. Or approach venture capitalists to fund the business initially.
And then we also have the Micro Units Development and Refinance Agency (MUDRA) loans for startups available from various public and private sector banks. Furthermore, entrepreneurs from certain communities can also get business loans on soft terms to launch a startup.
However, the main hurdle in launching a startup in India is the business idea. We have almost all sorts of businesses that’re fairly well established and running well. In such a scenario, finding the right business idea can prove difficult for some. Therefore, in this article, I will be discussing the 10 best startup business ideas to earn money in India.
10 Best Startup Business Ideas in India
Before I write about the 10 best startup business ideas in India, here’s something you should know about. Anything between 60 percent and 90 percent of all startups in the world flounder and fail during the first two years. That’s because entrepreneurs behind these startups don’t have adequate experience in that specific field of business.
Therefore, start working with a small business idea that you can manage easily and possess the necessary skills to keep it running.
Digital Marketing Agency
The digital marketing industry in India is projected to cross the $160 billion mark by the year 2025, according to a report by Goldman Sachs. This clearly indicates that there’s an ample scope to start a digital marketing agency as a startup business. However, to launch a digital marketing agency, you’ll require the necessary qualifications. These qualifications are fairly simple to acquire since there’re several excellent digital marketing academies in India providing both online and offline courses.
Food Processing Plant
About 35 percent of all food produced in India goes waste due to lack of food processing units and adequate cold chain logistics. Therefore, you could consider launching a startup business that processes food such as fruits and vegetables, meat, fish and poultry products as well as food grains among other items. This is a very profitable business too and you can easily get the necessary permits and licenses since the Indian government is actually encouraging entrepreneurs to enter the food processing business. You can also export processed food outside India since there’s a high demand for such products.
Dropshipping
Dropshipping is a relatively new business in India. You can launch a dropshipping business with very little capital. If you’re new to dropshipping, here’s a brief description of what this business is all about. There’re several wholesalers and manufacturers you’ll find on websites such as Indiamart.com. They offer products at wholesale rates. You’ll have to sign-up with these companies and suppliers for sending products to your customers. As a dropshipper, you’ll need own website or marketplace to sell these items. Whenever anyone places and order, you have to pass it on with the money to the supplier, after retaining your portion of the profit. The supplier ships the goods to the customer.
Milk Parlor
The demand for milk in India never goes down. As a result, there’s fierce competition between dairy cooperatives and companies to sell their products to the public and grab a larger slice of the market share. Therefore, you could consider a startup business of a milk parlor. In some states of India, dairy cooperatives are providing all the necessary infrastructure such as the freezers and refrigerators as well as signboards to those who’re willing to open their branded parlor. Nandini in Karnataka state is one example. All you need to show is a commercial premises located in a busy business or residential area from where the startup can attract customers for milk and milk products, including sweets.
Medical Sample Collection Centre
Following the Covid-19 pandemic, most people that require their medical samples such as blood, urine, stool and sputum, among others to be tested, prefer a home service. This means, they’re willing to pay for someone to collect the samples from their homes instead of visiting a lab for the purpose. This directly implies that you can open a medical sample collection center as your startup business. This business earns money through labs, clinics and hospitals. They will pay you a monthly amount for collecting samples from patients on their behalf and handing over for testing. The one in highest demand is collection of oral and nasal swabs for Real Time- Polymeric Chain Reaction (RT-PCR) tests nowadays for people that wish to travel.
Blogging
Blogging is no longer the hobby that it once was. Instead, blogging has graduated as a startup business because it’s very simple to open a blog and make money. All you require to launch a blog is excellent knowledge about anything related to your profession, studies or even passions and hobbies. And you’ll need superb writing skills to create amazing content that people would love to read and engage with. Starting a blog with your own paid website is possible with an investment as little as Rs.3,000 per year. You can buy a superb domain name and website hosting as well as other essentials and start blogging. A blog makes money through Google AdSense, sponsored posts, affiliate marketing and native ads, among others. This is a simple, home-based startup business idea that requires very little capital to launch.
Meal Services
In some places, a meal service is also known as a “tiffin service.” Basically, it involves providing deliveries of meals for lunch and dinner to clients at offices and homes. This is an evergreen startup business idea since there’s no shortage of customers for meal services. All you require is a small team that will help you prepare food that people love, crew for packing and delivering these meals to customers. You can provide both veg and non-veg food or just veg or simply non-veg. The choice is yours. As a matter of fact, several entrepreneurs without much educational qualifications have become millionaires by opening a meal service business.
Health Drinks Stall
Have you ever been to a jogger’s park in your area? If not, I would suggest you visit one at the earliest. Usually, there’re some stalls that sell health drinks such as juices of various herbs, fruits and roots to joggers and health-conscious people that go for a morning walk or job. And these stalls prepare fresh juices and sell to their customers. You too can enter this simple business which involves working just during the morning and evening hours when people go for jogs and walks at parks.
Food Truck
While we’re still on the subject of food and drinks, here’s one more superb startup idea that you can try. And that’s opening a food truck. According to industry sources, starting a food truck doesn’t cost more than Rs.750,000 which includes the vehicle, commis equipment and permits. Dining out or having a snack at food trucks is trendy nowadays. As a result, you can see several food trucks parked outside malls and other busy places. You can offer superb meals through a food truck and make a lot of money.
Online Tutoring
Also, as an aftermath of the Covid-19 pandemic of 2020, there’s a huge surge in the demand for online tutoring. Students from standard VIII to standard X and standards XI and XII require online tutors to help them crack the tough exams conducted by various educational boards. Since lots of brick-and-mortar coaching classes are now shut due to fear of spreading the Covid-19 contagion, you can offer coaching classes online. All you require is a website to advertise your courses and enroll students and software such as Zoom to conduct online classes. The e-learning industry is witnessing a boom and is expected to grow exponentially over the next few years.
In Conclusion
You can try any of these top 10 startup business ideas to become an entrepreneur. I’ve included only those business ideas that have a high rate of success and a superb demand from customers. As you can see, some of these startup business ideas also require low or zero investments. Therefore, you can select from any of these to launch own startup.