It's important to note that India is moving forward rapidly, and so is the business environment. We know that it can be challenging for people who have never run a business before to come up with a good idea for a new one.
But, if you make the wrong choice, all of your investments and time could be lost. So, it's always a good idea to look into as many options as possible.
Then, based on the local demand in the same field, your current financial situation, experience, and expertise choose the option that's most likely to work and meet your needs.
If you are a foreigner and want to Business startup ideas in india, you have access to government programs, a large working population, comprehensive tax systems, the work ethic of Indians, and policies that are good for business, among other things.
There are many businesses that you can invest in, but the one thing that you need to consider first is whether or not the business will still be relevant by the year 2022.
In this guide, we ranked and reviewed the 17+ best startup business ideas in india, along with our top 3 choices, so that you can pick the best one for you.
Enhanced digital awareness and acceptance
(Best functionalities in the solutions)
Overall Rating: 4/5
Startups worldwide must implement the most recent digital technologies and seamlessly integrate.
Changing points of business focus
(Best Fintech and healthcare)
Overall Rating: 3/5
As startups grow, they will shift their focus to include international rules and regulations
Social indulgence will attract business
(Best corporate social responsibility)
Overall Rating: 5/5
One of the most popular trends among startups is becoming more involved in social issues and offering corporate social responsibility.
Best Startup ideas in India 2022
Want to jump straight to my top picks? My favorite business ideas in India is Changing points of business focus and AI getting more prominence for startupsContact.
1. Enhanced digital awareness and acceptance
The new normal has given a boost to digitization. As a result, Digital technologies have gained more traction than ever before and will continue to do so in the future.
Startups worldwide must implement the most recent digital technologies and seamlessly integrate with third-party platforms to embed the best functionalities in the solutions.
In addition, to keep up with technological trends, startups will need to quickly implement necessary technical skills such as software, hardware, and human resources.
2. Changing points of business focus
As startups grow, they will shift their focus to include international rules and regulations such as cybersecurity, general data protection regulation, brand marketing, work-from-home operational ease, and software reliability.
It will go beyond simply increasing business profits and productivity.
The focus will broaden its scope to include much more than previously considered. Fintech and healthcare will have an advantage in terms of attracting attention.
3. Social indulgence will attract business
As time goes on, businesses are looking for new ways to connect with their customers and prospects.
One of the most popular trends among startups is becoming more involved in social issues and offering corporate social responsibility.
As a result, businesses are contributing more to social issues that connect them to end-users, resulting in a two-way benefit – societal contribution and increased business focus.
Today's clients also look for organizations with a strong social conscience and a positive work culture.
4. AI getting more prominence for startups
AI has made its mark in almost every industry segment, and startups are no exception.
Startups have been leveraging AI to the best of their ability as it begins to influence businesses.
AI is not an easy task, and some organizations are still hesitant, but AI and ML will undoubtedly help startups establish themselves more quickly and effectively with time.
In addition, these modern technologies will assist startups in establishing a modern infrastructure while replacing obsolete systems.
5. ‘Work from home’ will be in vogue
The pandemic has paved a new path for the concept of remote working.
It existed before, but no one realized that remote work could produce the same productivity as working in an office.
Trends in the business startup are shifting toward a confident task force operating from their premises.
Security is still a concern, but startups have learned to deal with it using modernized tools.
Startups are also eager to adhere to this operating model to reduce other costs, particularly in the early stages.
Remote working is not only about saving money by not having to rent an office or paying for transport and accommodation for employees who work remotely; it's about creating an environment where employees can be more productive and focused.
6. Robotic technology will spread its utilization in startups
Robotics has emerged as a much-needed technology in the startup sector.
It is a challenging technology, but its use can help businesses establish themselves and refine their processes much faster than they could without it.
This year, we expect to increase the use of robotic techniques to accelerate the business establishment and process refinement.
7. Virtual health and wellness startups would be in demand
As the demand for virtual services continues to grow, startups are focusing on areas where these services can be easily provided.
The health and wellness segment is one such area that has seen an increase in demand over the last year.
As a result, startups indulge in every aspect possible to entice users, whether telehealth, telemedicine,
Home fitness products, health supplements, and others, with a complete online setup accompanied by appealing delivery schemes and effective payment methods
8. 5G and high-speed internet to be the need for startups
5G is already in high demand, and the market has increased significantly with the new way of working.
Businesses today thrive on digital innovation, and this is what propels them forward into the future without any hurdles along their path.
Business owners recognize the importance of high-speed connectivity for their operations.
for their processes to produce the best possible results, even if it means allocating a little extra budget for the same.
9. E-commerce and online education startups go strong
The online world is on the rise.
From e-commerce to online education, startups are taking advantage of the opportunities available in these sectors.
As a result, we're seeing increased global adoption of eCommerce and online education, which means startup entrepreneurs are eager to invest in them to develop effective solutions.
Though these sectors face their fair share of challenges, startups are finding them lucrative, and this year will undoubtedly see the opening of new doors in this direction
10. Complete virtual startups will be witnessed increasingly
The pandemic has created a new remote working culture fostering a new wave of startups.
Business owners are working hard to establish ventures that can operate entirely online.
They’ve realized that not only is it possible to run their businesses remotely, but it also has its advantages.
Working with cutting-edge technological and communication tools will help startups launch their businesses virtually
Top 7 Trending Sectors for business Start ups
1. Cloud Computing
Cloud computing is the delivery of computing services such as servers, storage, databases, networking, software, analytics, and intelligence via the Internet ("the cloud") in order to provide faster innovation, more flexible resources, and economies of scale.
Cloud computing enables businesses to store, manage, and process critical data by utilizing remote servers hosted on the internet.
According to International Data Corporation (IDC), global market intelligence and advisory services provider, the Indian public cloud services market will grow at a CAGR of 24.1 percent between 2020 and 2025, reaching USD 10.8 billion by 2025.
The global market for cloud computing was valued at USD 445.3 billion in 2021 and is expected to reach USD 947.3 billion by 2026.
2. Artificial Intelligence
Artificial intelligence is the simulation of human intelligence processes by machines, especially computer systems.
It is a branch of computer science, and it deals with creating computers and computer programs that perform tasks that usually require human intelligence (e.g., visual perception, speech recognition, decision-making, problem-solving).
AI has been used in many areas, including medical diagnosis, stock trading, search engines, robot control, planning and scheduling, and video game playing.
According to International Data Corporation (IDC), global market intelligence and advisory services provider, India’s Artificial Intelligence market is forecasted to reach USD 7.8 billion by 2025.
3. Internet of Things (IoT)
The Internet of Things (IoT) is a network of physical objects—"things"—embedded with sensors, software, and other technologies for connecting and exchanging data with other devices and systems via the internet.
According to a few sources, the Indian IoT market was valued at USD 4.98 billion in 2020 and is forecasted to reach USD 9.28 billion by 2025
4. Cybersecurity
Cybersecurity is the practice of protecting internet-connected systems from cyber threats such as hardware, software, and data. Individuals and businesses use it to prevent unauthorized access to their data centers and computerized systems.
According to a report published by the Data Security Council of India (DSCI), the Indian cybersecurity services and product industry was valued at USD 9.85 billion in 2021.
Globally, the cybersecurity market was valued at USD 217.9 billion in 2021 and is forecasted to reach USD 345.4 billion by 2026.
5. Sustainable Products Market
Sustainable products provide environmental, social, and economic benefits while protecting public health and the environment throughout their life cycle, from raw material extraction to final disposal.
According to a report published by Allied Market Research, the global green technology and sustainability market size was valued at USD10.32 billion in 2020 and is forecasted to reach USD 74.64 billion by 2030.
6. Data Analytics
Data analytics (DA) is examining data sets to discover trends and draw conclusions about the information contained within them.
Data analytics is increasingly being performed with specialized systems and software assistance.
According to a report published by Allied Market Research, the global big data and business analytics market size was valued at USD 198.08 billion in 2020, and is forecasted to reach USD 684.12 billion by 2030.
7. Biotechnology
Biotechnology is the application of biological processes and organisms to create technology and products that improve our lives and the health of our planet.
For example, for over 6,000 years, we have used microorganisms' biological processes to produce helpful food products such as bread and cheese and preserve dairy products.
According to a report published by Grandview research, the global biotechnology market was valued at 1,023.92 billion in 2021 billion in 2021.
Domains that are ruling in the startup space
The Indian startup ecosystem has evolved from being a fintech and financial services market to having an increased focus on logistics, transportation, and food delivery startups.
Fintech and financial services startups have ruled the Indian startup market for the past few years. They continue to be popular among investors. They received funding from several investors, including SoftBank, Tiger Global Management, Naspers, Sequoia Capital India, DST Global, and many others.
Logistics and transportation-related tech startups were also popular among investors. They are also expanding its operational strengths and reach.
FoodTech, EdTech, and E-commerce saw an increase in deal volume in Q1 2021 compared to Q1 2020 when they were among the top gainers.
Byju’s, a leading EdTech company in India, and Zomato, a food delivery company, raised enormous funding in the past few years.
Although there are unicorns and significant players in e-commerce, the volume of investments is not increasing at the same rate it has in recent years.
4 Most valued Business startup ideas
1. Ed- Tech
Edtech, a portmanteau of "education technology," combines information technology tools and educational practices to facilitate and improve learning.
Although people underestimate education's value due to the "dropout" label, education is irreplaceable.
So, people should improve their skills instead of just getting a degree. Edtech startups are quickly becoming a significant business industry in India.
The education sector in India was worth USD 101.1 billion in the fiscal year 2019 and is expected to grow to USD 4 billion by 2025. Below are a few of the leading players in the Edtech industry:
Byju's: Byjus, one of India's top and largest ed-tech companies, provides a learning app that provides coaching for competitive entrance exams such as IIT-JEE, UPSC, CAT, GRE, GMAT, Engineering & Medical, and courses from grades 6th to 12th.
In addition, it provides online and tablet classes with multiple-test and assignment solutions, personalized feedback, and in-depth analysis.
Unacademy: Hemaash Singh launched Unacademy as a YouTube channel in 2010, and it has since become a household name in India's education technology sector.
It is a well-known e-learning startup and one of the top ed-tech firms in Bangalore. Unacademy has taught more than 3 million students to date.
In addition, it has partnered with some of the most experienced teachers to provide tutoring to its students. There are over 2,400 online courses available.
The majority of the courses on this platform are free; however, certifications may require payment.
Byju's valuation: According to a March 2022 article in Tech Crunch, Byju Raveendran, co-founder, and CEO of Byju's has invested USD 400 million in the startup.
In addition, Sumeru Ventures, Vitruvian Partners, and BlackRock participated in the round as well.
A person familiar with the matter stated that the round values Byju's at around USD 22 billion. The funding comes as Byju's is widely expected to file for an initial public offering (IPO).
Unacademy valuation: According to a Business Standard article from August 2021, Unacademy has raised USD 440 million in a funding round led by Temasek and General Atlantic, with Tiger Global and Softbank Vision Fund also participating.
The reason behind the growth: Schools and colleges are essential, but so are the skills that schools and colleges do not teach us. India's leading ed-tech companies are changing the face of education in the country.
They are redefining the learning process. This, in turn, contributes to a bright future for Indian children and youth.
2. FoodTech
Food Tech is a combination of the words food and technology, which refers to businesses and projects that use technologies such as :
Internet of Things (IoT), big data, and Artificial Intelligence (AI), among others, to transform the agri-food industry into a more modern, sustainable, and efficient sector at all stages: from food preparation to distribution and consumption.
Below are a few of the leading players in the food tech industry:
Zomato: Deepinder Goyal and Pankaj Chaddah founded the Indian multinational restaurant aggregator and food delivery company Zomato in 2008.
Zomato offers restaurant information, menus, user reviews, and food delivery options from partner restaurants in select cities.
Swiggy: Swiggy is an Indian online food ordering and delivery platform. The company was founded in July 2014 and started operating in November 2014.
As of September 2021, Swiggy operates in 500 Indian cities and has over 2 million restaurant partners across India.
Zomato valuation: Zomato's market cap of USD 5.3 billion is now lower than its last private valuation of USD 5.4 billion in early 2021.
Swiggy valuation: According to an article published in TechCrunch in January 2022, Swiggy has raised USD 700 million in a new financing round, just six months after raising USD 1.25 billion in the previous round, surpassing its valuation of 13-year-old chief rival Zomato.
The reason behind the growth: The main factors driving the growth of the food tech sector in India are expanding reach in small tiers, increasing internet penetration, and a growing network of restaurants on food-tech platforms across the country.
3. Fintech
Financial technology, or FinTech, is a term that refers to the use of technology to facilitate financial transactions.
It can refer to the businesses and services that use artificial intelligence, big data, and encrypted blockchain technology to enable highly secure transactions within an internal network.
FinTech streamlines financial transactions for consumers and businesses, making them more accessible and less expensive.
Below are a few of the leading players in the fintech industry:
Cred: Cred is a Bangalore-based Indian fintech company. It is a reward-based credit card payments app founded in 2018 by Kunal Shah.
Cred also allows users to pay their rent and offers short-term credit lines. Zerodha: Zerodha is a well-known online stock broker for people who want to trade on their own without the help of a broker.
Zerodha is an online discount brokerage, meaning customers can only use online trading services.
Cred valuation: Cred has raised USD 80 million as part of its Series F funding round led by Singapore’s sovereign wealth fund GIC and other existing investors, news reports said on Thursday.
The existing investor's Tiger Global, Sofina Ventures, Alpha Wave Ventures, and DF International also participated in the funding round.
Zerodha valuation: According to an article published in The Hindu Businessline in November 2021, Nithin Kamath, co-founder and CEO of Zerodha took to social media to explain how the company values itself at USD 2 billion.
The reason behind the growth: Fintech in India is overgrowing. Various macroeconomic factors, such as enabling government and regulatory initiatives, India's demographic dividend, rising national disposable incomes, improved internet access, a large unbanked population, a rapidly evolving e-commerce sector, and smartphone penetration, have been driving this growth.
4. E-commerce
E-commerce is buying and selling goods and services or transmitting funds or data over an electronic network.
These transactions occur as business-to-business (B2B), business-to-consumer (B2C), consumer-to-consumer, or consumer-to-business.
Flipkart: Flipkart Private Limited is an Indian e-commerce firm founded in 2007.
It began with an emphasis on online book sales and quickly expanded to include electronics, lifestyle products, home essentials, and groceries.
Today, Flipkart is the largest online Indian marketplace, competing with Amazon globally.
Nykaa: Nykaa is a Mumbai-based Indian e-commerce company founded in 2012 by Falguni Nayar.
It sells fashion, beauty, and wellness products through its websites, mobile apps, and over 100 physical stores, and it became the first Indian unicorn startup led by a woman in 2020.
Flipkart valuation: The Indian e-commerce giant Flipkart is currently valued at USD 37.6 billion.
The company was planning to go public in 2022, seeking a valuation of USD 50 billion, but the recent instability in the stock market seems to have compelled them to reconsider its timeline.
Nykaa valuation: According to an article published in TIME in March 2022, Nykaa raised USD 700 million at a USD 13 billion valuation in its November IPO, turning Nayar, the CEO, into India’s richest self-made businesswoman.
The reason behind the growth: The Indian e-commerce industry has been proliferating over the past few years. With an increase in technology, the rise of digital wallets and online payments, plenty of festive seasons in India, Indian shoppers enamored with discounts, and leveraging the untapped power of small-town shoppers are the main reason for this growth.
Conclusion
If you look at the year 2022, you'll find that many businesses are still thriving and doing well. The Indian economy is expanding fast, and there are so many people with disposable income that you can tap into.
Just remember that it's always better to go into business with some plan if you don't have experience in the same field.
While many factors need to be considered, we believe the possibilities in the next five years are endless. As we mentioned earlier, India is a land of great opportunity, and it's likely to grow even more.
Frequently asked questions
Q1. Which business is best startups ideas in india?
Social media management services, blogging, travel agency, photography, tiffin service, fruit juice kiosk, online fitness instructors, event management, tuition and coaching centers, food trucks, DIY home decor & crafts, backyard/garden landscaping expert, YouTube cooking tutorials are few best business startups in India.
Q2. What are the most successful small businesses in India?
Website designing, interior designing & decoration, real estate, building materials, wedding planning, travel agency, organic farming, food & beverage business, cloud kitchen, home-based bakery, virtual event planning, online tuition, and online saree business are the most successful small businesses in India.
Q3. What business will grow in the future in India?
Internet of things (IoT) industry, co-working space, consultancy business, mobile wallet payment solution, online education, privacy protection entity, robotics and mechanics, organic food, and cyber security businesses will grow in the future in India.
Q4. Which is the No 1 business in India?
Fashion boutiques, wedding planners, organic farming, travel agency, affiliate marketing, cleaning service business, co-working space venture, labor contractor, real estate agencies, and insurance agents are some of India's best businesses.
Here are my best picks:
Also Read: Check out my reviews of the best image editing software, the top choices for video editing software, and my full guide to start a blog for beginners.
