See, with a big amount of around 10 lakh rupees, you can start many business ventures, but you shouldn’t be just putting that into a business that you have no idea of whether it will work or not. Right? See, with just a little bit of research and planning, you can easily come to a conclusion about which business to start with that much initial investment. And to make things even easier for you, we are here with a list of the 5 business ideas below 10 lakh rupees investment in 2024. If you go with these business ideas than some random ones, you’ll have a better chance of succeeding. Alright, here we go now.
1. Cloud Kitchen
Simply put, a cloud kitchen is basically a restaurant that only does delivery and does not have a place for people to eat. These kinds of businesses are booming exponentially because of the food delivery giant companies like Zomato and Swiggy. In fact, you can set up one with even minimal settings and space. The starting investment can be Rs 1.5 lakh to Rs 8 lakh, depending on how big you want to start and what food you plan to cook. The cost varies depending on whether you cook simple food or have a whole bunch of offerings. You will also have to invest some money into the marketing game and work together with the online food delivery companies.
2. Eco-friendly Disposables Manufacturing
As people become more worried about the environment, there is a growing need for eco-friendly items like biodegradable plates and cups. This could be a good type of business to help in earning money and at the same time, it helps the earth. Initially, you will need approximately 5-7 lakh rupees. This money is mainly for purchasing machinery, getting a small place for manufacturing your products, and purchasing materials like paper, bamboo, etc., which can decompose naturally. Such a business will always have a constant demand from food caterers, event planners, and restaurants, especially in cities where people are very sensitive to being eco-friendly.
3. Online Travel Agency
Before you click off, just hear us out. Sure, the idea of starting a travel agency sounds way too boring. But if you do the market research, you’ll come to find out how big of a demand there is regarding travel packages and good travel agencies. And here, we are talking about an online one, not a physical shop where you open a travel agency. With no more than 1 to 2 lakhs rupees, you are good to go. This money includes setting up a website, buying a domain name, and marketing to attract your first customers. So, you make your money from hotel bookings, flight bookings, and tour packages.
4. Fitness Centre
Again, we know, you might have heard of opening a fitness center a million times, but see, it is a fact that people are becoming more and more health conscious and there are more people going to the gym than ever before. So why not capitalize on that, right? You can start with merely 50,000 rupees for a small space with basic gear. The money will be spent depending on the size of the place and the equipment. In case you want a bigger place with more equipment, then you might spend up to 10 lakh rupees, and that would be more than enough.
5. IT/Gadget Store
There is no need for us to even explain why an IT/Gadget Store can be a great business idea in most parts of the country, especially in small towns to big cities. See, everyone is fond of gadgets making their lives easier, and with some unique gadgets or IT devices, if you can offer things like smartphone/laptop accessories and things like that, then you are pretty much good to go. Most of the initial spending would go into acquiring a good place for your store, procurement of products like gadgets, smartphones, computers, and accessories, and spending on marketing to bring customers in.
Conclusion
There you have it. Now, keep in mind that there are many other business ideas under 10 lakh rupees that you can start right here in India, but these are by far the best ones. And if you are searching for some other creative business ideas, then stay tuned with us because we’ll meet you in the next one with those.
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