43+ Best Small Business Ideas in Bangalore for 2023 (Low Investment & High Profit)
Bangalore, officially known as Bengaluru, is the capital and the largest city of the Indian state of Karnataka. Bangalore is known for its pleasant climate throughout the year. Bangalore is known as the Silicon Valley of India. Want to start your venture in the Silicon Valley of India in 2023? Check out this article and get all the Best Small Business ideas.
Why Should You Start a Business in Bangalore?
Possessing their own business is the dream of many people in India; it is like starting a new venture with new challenges. Though challenges are there, many people still believe instead of owning a small business, get a job in a giant company. There are a few perks and benefits; here are some of those:
Entrepreneurial Spirit: Almost 76% of new-age entrepreneurs are happier with their venture than any employer in a company. Running a business is not just proof of inner entrepreneurial spirit but can also be exciting because of achieving success through hard work and dedication.
New Skills: Owning a business means people can monitor their lifestyle and innovate with head office orders; they will get more control over their work. It is accurate, and you have to believe that jobs mean limited skills surround you, and there will be no extra time to gain new knowledge. When one has his own business, he can mentor himself for new and developed skills that will always help him go one step ahead.
After Retirement: Those who retire from their job start a new business because it can keep a workaholic busy. Of course, it will allow a person with a tight schedule to monitor the interaction.
Positive Impact: Many new-age small business ideas help the local community with their products and services. It can spread a positive impact on people. Besides, when you are the owner, you can provide jobs to other people and be an active member among those who want to decrease unemployment issues in the country.
Overcome From Risk: Owning a business indeed brings a lot of risks, but it is also true that the more you overcome the risk, the more you will reap the success and rewards.
Passionate: If you can meet a natural entrepreneur who is passionate about their work, you can see that they can sit for a long day without any hesitation or frustration. Because they are following their passion, they can have fun while working.
Feedback: Last but not least, you can connect with your clients really quick, and they will be energized by automated emails. Instead, they will get to know the business owner and can get suggestions or feedback, if any, face to face. It can make the business more successful quickly.
According to an article published by Karnataka.com, Bangalore will be the city to hit the highest GDP growth by 2035.
So, there are lots of perks and benefits of possessing your own business. Especially when one is planning to start their new journey in the IT capital of India, let’s check why people are moving to Bangalore to create their small-scale businesses.
Why is Bangalore the Best Place to Start a Small Business in 2023?
Finding the best and most convenient place to start a new business is challenging. When a city or location for small businesses is chosen, one should consider some essential factors. It can be connecting with mentors, highly skilled people, cutting-edge technology, transportation system, etc.
Keeping all this in mind, it is certain that Bangalore has the perfect atmosphere where startup ideas can increase in less time. Here we have pointed out some critical factors that make Bangalore the most crucial place for starting a new-age small business, especially in 2023.
List of Angel Investors in Bangalore
An angel investor is typically wealthy and frequently uses their finances to generate seed capital for enterprises. They may donate one-time money to help a firm get off the ground or continue funding to support the business through its challenging early phases. The role of angel investors in early-stage firms has grown over time and is now unassailable and irreplaceable.
Here are Some of the Angle Investors Based in Bangalore
1. Sachin Bansal
2. Krishna Jha
3. Pallav Nadhani
4. Kris Gopalakrishnan
5. Aprameya Radhakrishna
6. Ganesh Krishnan
7. Kanwaljit Singh
8. Sharad Sharma
Reasons for Being the Best Hub for Start-Ups or Small Business Ideas
Bangalore- the “Silicon Valley of India” or “the technology capital of India.” Bangalore is equipped with the best financial support and an entrepreneurial ecosystem. Besides, this city has networking facilities that adopt startup business ideas. There are more reasons why Bangalore became startup heaven.
Check these reasons below:
- The high density of investors
- Top-notch infrastructure
- Cost of livelihood
- Youth talent
- Media exposure
- Lots of foreign companies
Let’s talk about these in detail.
1. The High Density of Investors
Funding is the most essential and first step to starting any new venture. When it comes to Bangalore, there are lots of opportunities than in any other place. Many industrialists or angel investors are there in Bangalore, so accessing the fund for startup businesses or small business ideas is easy.
Starting a business also needs a proper state of mind, business guidance, motivation, a good vision, and the appropriate direction for business ideas. When one has a guardian as an investor, he can get all of these from the investor.
It will be easier to step into the business. Another important thing can be the application to the Karnataka Government for funds. Karnataka Government provides a fund if the business owner registers the company under the Karnataka Shops and Commercial Establishment Act, 1961.
2. Top-Notch Infrastructure
Faster economic growth is always dependent on the infrastructure of the place. To expand the new startup ideas, it is mandatory to be equipped with top-notch infrastructure that may include transportation systems (railways, road services, airports, power systems, etc.).
It will be easier for a small business owner to expand the business if he can access a well-connected transport system with high-quality broadband and a proper network to be connected with other places. Bangalore is one of those cities that provides all of these mentioned earlier.
3. Cost of livelihood
When one starts his new journey with a small business, it is always preferred that the location is budget-friendly for spending his daily life. Compared to any other megacity, Bangalore is the one that provides a lower cost of living still now. So, it is always preferred by new-age entrepreneurs.
4. Youth Talent
Bangalore has lots of technical colleges, management colleges, and business-based educational institutions, which means Bangalore is enriched with lots of young talents. Apart from these, many young tech-savvy people are moving to Bangalore. So day by day, Bangalore is becoming the one-stop youth place that helps small business ideas to get young and new-age talent into the business.
Climate is another crucial part because climate can change the state of productivity, concentration on any work, and even sometimes efficiency People love to start a business in such a place where the atmosphere is always calm and soothing.
Bangalore is such a cosmopolitan city where the climate is soothing and perfect for maximum efficiency. So, this place became the ideal hub for startups or small business ideas.
6. Media Exposure
In Bangalore, many media or news houses, specifically the business news media, covers startups and business-related details. So, Bangalore is the perfect place to get a huge audience or media exposure. A small business idea can expand soon through a massive reach to business insights.
7. Lots of Foreign Companies
In Bangalore, there are lots of headquarters of foreign companies. This can help one newbie understand the worldwide business culture. This will help the businessman know his competitor in the market and their work or product details.
So, these are some primary reasons why Bangalore is at the top of the list of favorite startup places. If you can pay attention to many companies in Bangalore, you will be amazed that those companies were just budding startups or small businesses 7 to 8 years ago.
Business-Related Statistics to Make You Understand the Value Of a small Business Idea.
As of now, India is the third-largest startup-friendly country, says the report for 2021. The first two countries are the USA and China. In 2021-22, the Indian government gave new registration to approximately 14000 new startups or small business ideas.
Now, there are nearly 62000 startups in India. An economic survey showed that in the year 2021, 555 districts held the records of a minimum of one startup business idea. In 2016, this number was against 121 sections.
Besides, in 2021, nearly 44 startup business ideas were recognized as Unicorns. In case you don't know, Unicorn is a company that has a valuation of $1 billion. The previous year's record says there are 83 unicorns in India, which holds a total valuation of $277.77 billion. And you will be amazed that these unicorns contribute nearly 50% of India's GDP.
Though the Covid 19 pandemic has changed a lot, investors are still investing in India's emerging market. So, it is easy to invest in startups or small business ideas even after the Covid 19 pandemic.
So, when all facilities are just in front of the eyes, it will be beneficial if one starts a small business idea in Bangalore in the year 2023.
Before providing some small-scale business ideas in Bangalore, we must briefly describe the meaning of a small business idea.
What is a Small Business Idea?
A small business can be described as a privately owned corporation, partnership, or sole proprietorship, including fewer employees and less yearly revenue than a corporation or regular-sized business. Small businesses can use the same quality management systems used in any giant corporation or brand.
Advantages of small Businesses
- Small business owners can decide with whom they can do business or when they will do the business work. Besides, these businesses are flexible. Any step can be done if needed in a small business idea.
- One must focus on a compact skill set as a small business owner. This can give two side benefits- the owner can understand their specialism particularly; on the other hand, the client can know that the owner is good to go for a deal. Customers will also appreciate the owner's in-depth knowledge of the manufactured products.
- A small business means the owner has wholesome freedom to create something innovative within a specific market parameter.
- Possessing a small business means the owner revolves around a particular niche where they can connect with clients quickly. It will be more satisfying when the customer loves the buzz of manufacturing something unique. Besides, nowadays, clients love to meet face-to-face with small business owners. And q 15 minutes of face-to-face meetings can be more fruitful than a two-three day's virtual emails or chatting.
- Small businesses include fewer employees, fewer layers of business, and a compact business model. That means the small business owner has a great understanding of his business and other related details.
- Before making any new decision, the owner only needs permission from the company's management body because the entrepreneur is his boss here.
So, now you know the advantages of a small business; you are ready to rush into various small business ideas that you can expanded in 2023 in Bangalore.
Best small Business ideas in Bangalore in 2023
As we mentioned earlier, Bangalore has the perfect hyperactive economic scenario that energizes any startup or small business ideas to gain a lot of reaches; those who want to be the ones with valuable business ideas and financial stability in Bangalore can expect a tremendous rate of profit in return.
Here are Some of the Best Small or Low-Cost Business Ideas in Bangalore in 2023
Here we are adding some of the best small or low-cost business ideas
1.Grocery Store with Delivery facilities
The first fundamental business idea is a grocery store, which can now be armed with delivery service. Bangalore is a bustling city where people run to the office and then home.
They need more time to go shopping. They need more time to buy daily needs. In this scenario, this business idea can be the savior and profitable for the business owner. One needs to locate an appropriate place to start this business. No doubt, this business has the potential to expand quickly.
2. Healthy Fast Food with Delivery Service
People are busy and need more time to prepare breakfast or a meal for lunch to carry to their office. So, usually, they grab fast food from the local center. But as they are health conscious, they search for healthy food centers.
You can think of a healthy food truck or a healthy food counter that can be a manageable investment. Remember, you need to find the prime location outside a huge corporate sector office or any other neighboring office. You can also start a delivery system for those who need help getting out of the office. It can work as one of the best business ideas in Bangalore.
3. Organic Food Corner
Many people in Bangalore are health-conscious and started loving organic food products. You can start cultivating in your area or just in a rented place to develop organic food products. You can also begin delivering at the doorstep to get the best result soon. Because nowadays people love to get everything just at their doorstep.
4. Bakery or Homemade Chocolates
Bakery is always in demand- let it be a small town or a giant megacity. Who doesn't love the flavor of freshly baked hot cake? Though there is a lot of competition in the market, you can start this bakery business with a little twist, like personalized cakes, handmade chocolate, a live frosting counter, a live chocolate counter, etc. You can also sponsor any corporate events, and by this, you can get bulk orders.
5. Catering Business
As Bangalore has a vast population, there are many events, social gatherings, housewarming parties, birthday ceremonies, and other grand celebrations. You can add orders for these huge parties if you own a catering business in Bangalore. That means you are getting a chance to reach more people. It may need a bit high investment, but that is less than any big-budget business idea.
According to The Hindu Business Line, The NRAI has revealed that the Bangalores organized food service market ranked third among all other metros in India, valued at Rs 20,014 crore in 2019.
6. Paying Guest Services
In Bangalore, lots of people come for jobs, education, etc. They always need a reasonable accommodation, but they need help finding one because complete paying guest services are not so professional. If you can handle this business idea, you can be one of their choices. Think about it! You need your own empty spaces.
7. Gift Shop
Bangalore is a good hub for tourists. When they return home, they want a small gift or souvenir. To use this idea, you can start checking out the local handicraft industry. This can help you set up a perfect souvenir shop that can profit considerably.
8. Luxury Tourist Plans
As we mentioned earlier, Bangalore has a lot of things to explore by tourists. If you also love to explore the city daily, you can start your own tourist business that will help people get the idea of traveling to various sports in Bangalore. You can also operate your tours to be the guide for tourists.
9. Real Estate Manager
There are lots of people who are in search of new accommodation, or they want to shift to a new apartment. You can give them advice about the perfect real estate. You can be a professional real estate manager if you can handle clients with your ideal customer relationship skill.
10. Daycare or Childcare Business
Working parents need clarification about how to take care of their children during office time; you can be the savior by taking care of them. A daycare or Childcare business is ideal for people who enjoy the company of children. Not only can you take care of their children, but you can also teach them new fun activities that will grow the child's mental health.
11. Cleaning Service
Cleaning services are now quite in demand because it is not just for commercial purposes, but also it is helpful for households too. People are getting engaged more with their office work or professional life.
They hardly have any time to take care of their home. In this situation, a cleaning service is the only option to take care of their home. This business can provide a massive return because it is in demand nowadays.
12. Handyperson Services
This is something every busy place need. Especially in huge office buildings or top-notch apartments, there is always a need for handypersons. Finding an active area to start your business idea would be best.
13. Floral Business
Nowadays, almost every celebration or party needs flower arrangements. If you are also in love with flowers and want to start your business with your loving things, you can start this one. You can begin personalizing flower bouquets as per orders; you can also deliver those to get more reach.
According to Karnataka.com, of the total flower production in India, Karnataka contributes 75%; also, India's first and only flower auction center is located in Karnataka.
14. Mobile Parlor
The mobile food truck is now quite common, but do you know about the mobile parlor? Yes, this can be a new kickstart to your business. Just rent a big van and equip it with personal care accessories. You can start your business by roaming in various places and providing the beauty services like hair care, face care, skincare, manicure, pedicure, etc.
If you have a good sense of designing things, you can start creating various products like customized dresses, handbags, shoes, ornaments, etc. You can also personalize these designs as per the order. Also, to get massive traffic to your small business, you can sponsor special corporate events where these things are gifted.
You can start this business because nowadays people demand designs for their dresses. If you can open a tailoring business, you can start personalizing their choices as per orders.
17. Photography or Cinematography
Suppose you are passionate about photography or cinematography. In that case, you can start your studio where you can take various orders for photography for corporate events, social get-togethers, parties, wedding ceremonies, and so on. Before starting, make your professional portfolio and be clear about your price rate.
18. Gym and Personal Trainer
People are now very much health conscious and want to be trained in physical work at their own pace. If you are confident enough to give them proper instructions on working out in or gym, you can start working as a personal trainer.
19. Social Media Influencer
As we all live in the digital era, we look forward to learning something new and effective from social media influencers. If you have this much capability, you can start working as a social media influencer.
You can target various niches like fitness training, cooking, gardening, painting, interior designing, self-help, personality development, language learning, etc. You can also choose a particular genre on your own.
When you are living in Bangalore and making social media a place to influence people with a positive vibe, you can get massive exposure quickly.
20. Digital Marketing
As we all live in the digital era, we look forward to learning something new and effective from social media influencers. If you have this much capability, you can start working as a social media influencer.
Living in an age of digitalization makes us used to everything that can be digitized. The marketing strategy also can be done through the digital medium. You can start this as your business from your home. Though you need to be very professional before starting this business, the success rate is tremendous for this modern-age business idea.
21. Interior Decoration
People love to decorate their homes uniquely. To help them out, you can start giving them planning on interior design. To start this business, you need to possess a professional degree in interior design or architecture; you can earn very well from this business. Besides, you can start working at your own home. You can also customize some design materials and sell them to clients to enhance their interior design.
22. Event Management
Busy schedules and a vast gathering- can not be done together, especially in a city like Bangalore because it works 24*7. To provide support in throwing a party overnight or a grand event, you can start work as an event manager.
As an event manager, your duty will be to provide them with the whole event. From decoration to maintaining guests, from food to celeb’s presence-each and everything will be your responsibility. If you can throw your best at those grand events, you will get a considerable reach there too.
Video blogging or vlogging can be an exciting business idea if you can do well. Vlogging paves a path of direct connection with your followers or customers. Vlogging can be an excellent small business because it will provide a human face to your products or services.
To start vlogging, one must have an aesthetic mindset and professional video editing capability. This industry is now in trend, and in Bangalore, no doubt this small business can turn out as a huge one.
24. Medical Help
Sometimes medical emergency at home is very much critical. Because it is not always possible to go to the hospital, in that case, you can be a medical care provider at the doorstep.
You can start basic medical care facilities like teaching yoga, physiotherapy, speech therapy, emergency medicine, etc. This business idea will boom the market, especially after the covid 19 pandemic. This idea can work anywhere in Bangalore.
25. Disc Jockey
A party without a DJ or a disc jockey is so dull. You can be the cause of ultimate fun at any casual party. Bangalore is filled with lots of pubs, restaurants, events, etc. If you want to start your career as DJ, you can begin quickly without any hesitation.
26. Handmade Soaps and Organic Healthcare Items
Handmade soap, skincare products, or other homemade organic products are in huge demand. You can make charcoal soaps, pure rose water, natural shampoos, DIY hair care oils, etc., and start trading them through an online site or any social media platform from your home only.
27. Garden Cafe or a Unique Cafe
If your house is near any office area, you can try some unique cafe ideas in your side garden or a small verandah. You can add some fun activities in a cafe, such as reading books, standup comedy shows, guitar competitions, etc.
You also can opt out of some exciting rewards for winners. Besides, add some unique dishes, son coffee, teas, and other beverages, snacks, etc.
28. Cold Storage
People need fresh food always. To keep them fresh, one has to use cold storage. You can start this business to supply fresh foods to people.
This business has a great future if executed nicely.
29. Thrift store
This idea of the thrift store is unique as well as sustainable too. Those in need can collect old clothes from a thrift store for the lowest price. It is profitable and quite helpful for needy people too.
30. Packaging and Moving
When someone is moving to a new place, it is very tough to transfer all households together; IN that case, they need a logistics service that will help them pack and move things without any damage. This business idea is always in demand and quite profitable too.
31. Book Counter
Those who are fond of books can think about this business. Along with books, you can collect various journals, magazines, and old manuscripts so people can buy them from you. Booklovers are everywhere. So, this business can be unique as well as profitable too.
32. Software Engineer
Those who are good at computer science can open their software design firm as Bangalore is one of the most important tech hubs in India, no doubt this business idea will increase vast exposure in this city.
33. Graphic Designing
Graphic designing is now one of the highest-paying business ideas, especially in a megacity like Bangalore. You can take contracts for bulk orders from any other companies or individuals.
34. App Development Services
Bangalore is enriched with technology, and there is always a huge demand for apps through which one can operate. You can start developing apps as per your client’s needs. This is an evergreen business idea, especially in this digital era.
35. Pet Care
Taking care of pets within a busy work schedule can be challenging. You can start your pet care center where all services will be available, and you can earn a hefty amount; it is a great career option for pet lovers.
36. Fashion Stylist
Nowadays, all want to be unique regarding fashion or style. You can start working as a personal fashion advisor for people. You can contact any modeling agency too. Besides fashion, you can also take care of makeup and other style statements.
37. Dry Cleaning Services
It is one of the highest-paid business ideas among Bangaloreans. If you have all kinds of facilities for dry cleaning, you can start your dry cleaning service and cut down the massive rate of other service providers.
38. Preschool or Playschool
If you love spending time with loving children, you can start preschool. It is a very lucrative yet profitable idea in Bangalore. You can also buy a franchise from any preschool.
39. Tattoo Parlor
Demand for tattoos is growing daily, and it is now a lucrative option to start a business. It is popular with the young generation, celebs, and other people. If you are good at this, you can earn handsome money from this tattoo parlor of yours.
40. Tutorial Center
Coaching or tutorial center is now a flourishing business idea. Maximum guardians and students look for a premium quality coaching center where they will receive a quality education—an excellent option for people who love interacting with children.
41. Recruiting Agency
There are lots of recruitment agency who is already in the city. But as Bangalore faces new companies every day, here is a chance to start your recruitment firm to help those new companies.
42. E-commerce Business
Nowadays, all kinds of businesses want to connect with internet audiences to sell their products or services. This service is much needed here because Bangalore is enriched with technology and brands. If you have an idea for an e-commerce marketing platform, you can easily use this platform to earn a good buck.
43. Freelance Writers
Marketing and advertising are always the main parts of any business; for these two, all companies or firms need to start with their marketing copy. You can start working as a freelancing content writer to work on their marketing copies. It is now a unique and trendy business idea, especially among the young generation.
44. Juice Corner
If you are passionate about preparing new beverage ideas, you can start your juice corner to serve people. It can work well in any busy location, like near office areas, corporate sectors, etc.
It is okay now to tell you that Bangalore is the perfect place to start a new small business to get a high return. Though there are many risks in business, you can settle down your business in Bangalore with the help of the Fynd platform, a new-age e-commerce platform that gained the trust of many business owners.
To start a business means you have to keep your eyes on every single side of the company. With this Fynd platform, you can get all the tools to sell and manage your products at your own pace.
Any newbie small business owner can also start their website to sell products or services with the help of the Fynd platform. So all the best for your new ventures in Bangalore!
Which business is most profitable in Bangalore?
There are lots of business ideas that are profitable in the megacity like Bangalore. Some of those are:
- Grocery store
- Food stall
- Personal work out trainer
- Tattoo artist
- Daycare service
- Dry wash services, and more.
Is it possible to earn money without investment in Bangalore?
In Bangalore, it is possible to earn money without investing like:
- Online surveys
- Web designing
- App development, and others
What business can be done with 50000 at hand?
With an amount of 50000 at hand, one can start photography, cinematography, clothing designing, customized gift store, etc.
What are the legal steps to open a shop in Bangalore?
Here are the steps through which you can start your own shop:
- Approve your company name
- Get the director's identification number
- Get the digital signature certificate
- Stamp the papers of your start-ups or business
- Get the certificate of incorporation
- Make a seal for your business
Which businesses are in trend in Bangalore?
Nowadays, these below-mentioned business ideas are in trend:
- Freelancing copywriting and creative writing
- Online tutoring
- Social media influencer
- Website designing
- App development
What are the trendiest home-based business ideas in Bangalore?
Here are some of the trendiest home-based businesses in Bangalore:
- Freelancing writings
- Social media influencer
- Web designer
- Cake baking
- Verandah cafe
- Organic soaps and personal care items, and others.