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Food Business Ideas: 4 Low-Investment and Interesting Food Businesses That You Can Try

Food Businesses in India (Photo Credits: Pexels)

If you are fascinated about cooking and want to try your luck in any food business, this year can be your year! If you are a foodie and love to make and eat food, you should try and establish a business in the food making industry. If you are planning to start a food business, you should think about: What will differentiate your product from the rest? What are successful food businesses and what do you have to do to go beyond your competitors? When starting your food business ensure you incorporate the lessons from these businesses to ensure your food business idea is a success.

One thing that you should keep in mind while starting a food business is, you should gain knowledge related to food safety and food handling practice as it is very important for your business. Here are few ideas that can help you start a food business with low-cost items which are relatively simple to keep the quality consistent.

Bakery

Do you love baking for your friends and family? If you’re a skilled cook, why don’t you sell your delicious creations? If you are good at baking and have the eye for detail for cake designs and pastries and a lot more, then no one can stop you from starting your bakery business. One thing that you should keep in mind before you start is you should be excellent at preparing recipe related to bread and biscuits. You can start this business at small scale and then depending on the demand and the reach, you can expand it.

Cooking Class

If you are really skilled in cooking and know how to tingle the taste buds, you can try starting a cooking class business. Many people desire to learn the art of cooking and tend to look for online cooking classes or a cooking tutor who can help them get away with basic cooking tricks. In the time of COVID-19, online cooking classes can fetch you good money by just sitting at home and the investment requirement for this business is very low.

Pickle Making

There will be hardly anyone who doesn’t like pickles. If the demand is so high and if you are good at making the yum spicy pickles, why don’t you give it a shot? It is one of the home based small scale business idea which will not need much money to start with. People usually prefer homemade pickles and the domestic consumption is also very high apart from the export.

Fast Food Shop

People love to eat junk food. The fast food business in India is one of the most popular food business ideas today which you can get your hands on. Apart from teenagers, people of all age groups prefer fast food during snack time.

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Startup

Expect 12 more Indian startups to become Unicorns, several IPO in 2021: NASSCOM

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Startup

As we emerge from 2020 that was no less than a nightmare, 2021 appears to be a great year in terms of economic growth and the Indian technology startup ecosystem. The Indian tech-startups are witnessing constant growth, courtesy of the rapid digitalization and innovative technology adoption.

According to a joint report by NASSCOM & global management and strategy consultancy Zinnov, ‘India will have at least 12 more unicorns in 2021 as the Indian tech startup ecosystem will continue to grow on the back of new technologies.

NASSCOM President Debjani Ghosh said in an interview, “Tech startups have done a tremendous job of pivoting their businesses. I honestly believe what happened in 2020 has strengthened the foundation for stronger and continued growth. Remote work turned to strength and advantage. Startups are now thinking ‘build local but go global.’

“In terms of policy measures, we need continued focus on ease of doing business for startups and think about how we can have more domestic capital, especially when it comes to deep tech”, she further added.

The NASSCOM report also stated that the addition of 12 more unicorns in 2021 will take the total count of Indian unicorns to 50. In 2020, the coveted unicorn club was joined by 12 startups including Unacademy, Razorpay, PineLabs, Nykaa, FirstCry, Postman, and Zerodha.

Paytm with its valuation at $16 billion, has become India`s most valuable unicorn, followed by the Bengaluru-based ed-tech startup BYJU`s.

Adding further, NASSCOM also said 2021 will witness the startup IPOs that will strengthen in 2021-22, with several profitable firms such as Druva, Freshworks, Delhivery, and PolicyBazaar planning to announce their list of shares.

In 2020, IPOs raised around Rs. 30,000 crore in the capital, while in 2019 around Rs 12,362 crore was raised. The experts, however, say 2021 will match those numbers.

InMobi, which is the first Indian startup to achieve the Unicorn status is planning to issue guidance on its IPO in a few quarters. According to Naveen Tewari, Founder & CEO of InMobi, “the startup is certainly excited about the possibility of an IPO (Initial public offering), and is evaluating it very strongly”.

Earlier this week, Mint reported that the omnichannel beauty and lifestyle retailer Nykaa, is planning an IPO by the end of 2021, or early 2022. Founded eight years ago, Nykaa will be the first online retailer to launch an IPO in India.

It has allotted shares worth Rs 64.3 crores under ESOP and looking to join other e-commerce giants such as Zomato, Flipkart, Pepperfry, who are also preparing for the public markets.

2021 will be a year full of opportunities if you are thinking about investing in IPOs this year. Other companies like LIC, Grofers, Zomato, and Ola too might join others, this year.

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Want to Have Your Own Business But Facing Budget Issues? Here are 5 Businesses You can Start Under Rs 10,000

Business Ideas | Representative Image (Photo Credits: Pixabay)
Representative Image (Photo Credits: Pixabay)

The world is living in the era of entrepreneurial development and start-ups. More and more people are drifting away from the ‘regular-income job’ mindset and exploring various fields to establish their own business and be their own bosses. The present entrepreneurial generation aims to start their own business and fulfill their dreams. They want to bridge the gap between their passion and profession. The biggest problem however remains the budget. Every person needs a certain amount of seed capital to establish the business and comply with the legal requirements. Prarambha: Everything you must know about the Startup India International Summit! 

Many people give up on the dreams of having a business of their own, owing to shortage of funds and capital. However, there are certain businesses that can be started with a pocket friendly budget. Here are 5 start-up ideas to establish business with Rs 10,000 –

Jewellery Making

There is a lot of demand of customised and artificial jewellery. Not only young generation, people from all the age groups look for fashionable jewelleries for celebratory and causal occasions. In does not require any official set-up or office space, basic raw materials like beads, strings, and artificial jewellery pieces among others to start the business. Such jewelleries can easily be sold at online stores, exhibition and haats. Agriculture Business: 5 Budget Friendly Businesses You Can Start in Agriculture Sector.

Vlogging

Vlogging is an extremely low-cost business which is highly popular these days. Many youngsters are taking up it professionally. They make videos and upload it on various video platforms such as YouTube and Vimeo, and earning money. People can make videos following their passion and expertise. It requires minimum investment in a good camera phone and video editing software.

Food Truck

Another interesting business for people who love travelling and cooking is to have a food truck. It works as a mobile restaurant too. The biggest investment in this business is to have a truck or any other accommodating vehicle. Once a truck is arranged, all that remains is grocery and hit the roads, make food, serve people and earn money while doing the thing you enjoy.

Yoga Trainer

More and more people are adopting and including Yoga in their fitness regime. If someone have an expertise in Yoga, by becoming an instructor of practise one can earn a good amount of money and ensure a regular stream of income. There is no need to any material investment; however the person should have a proper training and knowledge of the art. Many people are giving Yoga classes through online channels, making people fit and health, and earning money.

Bakery

Another interesting and delicious business one can start with a minimum investment is homemade cakes and cookies. People are avoiding buying food items from large stores and restaurants and looking for homemade alternatives of the same. Starting a bakery does not need much of an investment; all it needs is regular kitchen supplies and a pinch of creativity.

Shortage of investment remains the biggest drawback for people who want to start their own business. However, there are certain low budgets businesses people can start with minimum costs. You are start small, work hard and make the business a success.

 

 

 

 

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Startup

Agriculture Business: 5 Budget Friendly Businesses You Can Start in Agriculture Sector

Agriculture Business Ideas| Representational Image (Photo Credits: Pixabay)
Agriculture Business Ideas| Representational Image (Photo Credits: Pixabay)

One of the most important and reliable source of income of millions of people in India is agriculture. Various families have been involved in agriculture and related activities from generations. The business of agriculture and farming has evolved from being a source of subsistence to one of the biggest commercial activities in the country. Apart from providing employment and income to people who are directly involved in it, agriculture also ensure employment generation through various allied activities such as transportation, warehousing, construction among others. Home Business Ideas: 4 Brilliant Work From Home Ideas That You Should Consider Taking Up.

Today agriculture is not merely restricted to harvesting and sowing of crops, rather the sector has diversified and incorporated various other activities. Here are five profitable business ideas related to the field of agriculture –

Ornamental Flower Business

One of the most profitable and low cost businesses in agricultural sector is of growing and selling ornamental flowers. They are used as decorations in almost every celebration and have a strong demand all over the year. From birth anniversaries, marriages to get-togethers, flowers are used as decorations in personal and professional celebrations. Apart from celebrations, ornamental flowers are used for gifting purposes as well. Start-up this business would cost merely Rs 30,000 to Rs 40,000.

Nursery Business

Another business stemming out from agriculture is starting a nursery and selling plants. As more and more people are growing eco-friendly and environment conscious, they are buying plants and sapling for their homes and offices, thereby providing a good business to the nurseries. A fair knowledge about the various species of plants and their growth requirements is, however needed to start and sustain the nursery business. COVID-19 Impact: 5 Tips to Help Your Businesses Recover from Coronavirus Pandemic.

Organic Fertilisers

As people are becoming more environmentally conscious they are moving away from chemical and synthetic fertilisers towards organic and natural ones. Starting an organic fertiliser business is also very profitable and simultaneously contributes towards the conservation of the precious natural resources. Farmers are increasingly taking up organic farming, government is also encouraging traditional and eco-friendly methods of agriculture therefore producing and selling organic fertilisers is a sure shoot success venture.

Organic Vegetables/Fruit Supplier

An offshoot of organic farming, organic vegetables and fruits are in huge demand all over the country. People are drifting away from processed and packaged foods and looking forward to consuming more natural and organic vegetables and fruits. The demand for organic food products have surged over the last few months. Various restaurants and hotels also look out to but fresh and organic vegetables.

Online Grocery Store

Though not directly related to agricultural practices, but a grocery store does use the finished products from framing as its goods. People now prefer to buy anything online and avoid going out. Opening a local grocery e-store and providing fresh vegetables and fruits to people will prove to be a profitable venture. All one has to do is make an app, contact some local vegetable, fruits vendors and establish a delivery network.

Agriculture and allied activities still employ more than half of the population in the country. Starting a venture in this sector is mostly budget friendly and ensure profits to the entrepreneur. These are all season business and ensure steady and regular stream of business.

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Startup

Kerala Government’s NORKA-Pravasi Start-Up Scheme Helped 4,179 Expatriates to Establish Business in the State

Start-Up| Representational Image (Photo Credits: Pixabay)
Start-Up| Representational Image (Photo Credits: Pixabay)

The Non-Resident Keralite Affairs (NORKA)-led Pravasi Start-Up Scheme launched by the state government in Kerala has proven to be a boon to the start-up ecosystem in the state. The scheme has been able to create 4,179 expatriate entrepreneurs over the last five years. It was introduced with the aim to rehabilitate expatriates in Kerala who can contribute to the economic development of the state according to their professional skills. Prarambha: Everything you must know about the Startup India International Summit!

Over the last five years, the Kerala government has sanctioned Rs 220.37 Crore for the start-up projects initiated by citizens in Kerala, who have returned to the state after spending a lot time abroad. During the last financial year 2019-20, 1,043 entrepreneurs were sanctioned Rs 53.40 Crore under this scheme. “Since the LDF government came to power, this government has distributed 45.21 Crore as subsidy to 2,895 entrepreneurs till November 2020,” said NORKA Chairman and senior leader of CPM, K Varadarajan during a media briefing.Tech Startups in India Report Nearly 10% Growth in 2020 Despite COVID-19 Pandemic, Over 1,600 Tech Startups Added in a Year: Nasscom.

Under the Non-Resident Keralite Affairs (NORKA)-led Pravasi Start-Up Scheme, loans up to Rs 30 Lakh with a capital subsidy of 15 per cent (Subject to a maximum of Rs 3 Lakh), are available for start-ups by expatriates who have returned to the state after working for a minimum 2 years in a foreign country. It also offers a 3 per cent interest rebate for the first four years for those who pay the interest on time. Kerala Bank, Canara Bank and the Travancore Pravasi Development Cooperative Society are some of the financial institutions which provide loans to under the provisions of the scheme.

It was started as a joint venture between NORKA and the Kerala Startup Mission to create self-employment opportunities for Pravasis who return to the state from foreign countries and who are looking forward to start their own business. Under the scheme, NORKA undertakes field camps for easier distribution loans and increased reach. It also aims to provide loans in a single day. Seven camps were conducted during 2019-2020 and around 500 expatriates benefited from these camps.

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Startup

Prarambha: Everything you must know about the Startup India International Summit!

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New Year brings new opportunities as the Department of Industry & Internal Trade  (DPIIT) is set to host “Prarambh”- the Startup India International Summit on the 15th & 16th of January 2021 in a virtual format.

The summit, which is likely to be addressed by the Hon`ble Prime Minister of India will also mark the 5th Anniversary of “Startup India’ which was launched on 16th, January 2021.

This startup India program has not only brought the entire concept under the limelight but also accelerated the entire Indian startup ecosystem to expand. It has also motivated Indian entrepreneurs to build innovative solutions for domestic and international needs.

The significance of the startup India international summit 2021- Prarambh is such that even the Prime Minister of India has urged the youngsters to join the summit. In his latest post shared on the social networking site LinkedIn, he emphasized the work-from-home culture that has become the new normal during the lockdown, courtesy to COVID 19 global pandemic.

“With most of the events held virtually, it has given a golden chance to all the youngsters to be a part of many interesting domestic as well as global forums. Prarambha is also one such opportunity that is coming up on 15-16 January. I urge our youth to be a part of it”, he further added.

The summit aims to bring together the sharpest minds from distinct industries, investment, academia, finance, and banking along with young start-up leaders on a common platform. Its main goal is to inspire the youth and encourage innovation and entrepreneurship.

As the event will be held online, anyone can join the event without having to travel anywhere.

The spirit of India`s youth is unmatched. The curiosity to come up with innovative ideas has led to outstanding results. Our start-up heroes not only coming from big cities but also hail from smaller cities, which is a good sign, he added.

Here is how to register for the startup India international summit 2021:

  • Interested youngsters can visit the official site https://www.theprarambh.in to register for the event.
  • Fill in the required details (name, address, e-mail id, sector, city, state, country).
  • Submit the details and click on ‘Register Now’.

To get more details about panelists, speakers, partners & agenda associated with Startup India International Summit, check the official website: www.theprarambh.in

Join Everything about Entrepreneurship Course and arm your start-up idea with the right tools and see the possibilities grow. Visit https://www.badabusiness.com/?ref_code=ArticlesLeads

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How this Gaming Startup Raised $10 Million funding from WestCap Group

zupee startup

Backed by Matrix Partners India, skills-based online gaming platform Zupee has raised $10 million funding in a second-round which was led by WestCap Group, a US-based growth equity firm. The existing investment partner Matrix Partners India also took part in it.
With this second round of funding by existing investors, Zupee has managed to raise a total of $19 million, as the firm had received funding of $8 million in April 2020. The firm that runs live quiz tournaments on its app where the users can win cash prizes has other investors like Smile Group, Venture Partners, Orios, and Falcon Edge Capital among its investors.

Founded in 2018, by IIT Kanpur graduates, Siddhant Saurabh and Dilsher Singh Malhi, Zupee offers more than 2,000 live quiz-tournaments on a diverse range of topics that includes sports, movies, mathematics, spellings, and general interest topics on their smartphones.

Following the latest round of funding, Zupee plans to use the funds to expand its market reach, scale its platform, build a stronger team, and provide an improved user experience. The company is also planning to launch its product in several other languages in the future.
“We have driven an exponential month-on-month growth this year. This fresh round of funding enables us to accelerate our scaling efforts,” said CEO and co-founder Dilsher Singh Malhi.

“The year of 2020 witnessed the rise of online gaming truly in India at a great momentum, and Zupee’s accelerated growth is a clear testament to the growing trend,” Tarun Davda, managing director at Matrix India, said.

Despite an uncertain regulatory landscape in India, the skill-based gaming segment has attracted a lot of funding in India. In the past couple of years, online gaming platforms like Mobile Premier League, Dream11, and Winzo gained popularity. While MPL raised $90 million led by SIG, Dream11`s valuation was raised to $2.5 billion after receiving funds from Tiger Global, Chrys Capital, FootPath Ventures, and TPG Tech Adjacencies in 2020.

Do you also have a unique idea to come up with your start-up? Then here’s how you can learn everything you need to know and achieve success in your entrepreneurial journey.
Join Everything about Entrepreneurship Course and arm your start-up idea with the right tools and see the possibilities grow. Visit https://www.badabusiness.com/?ref_code=ArticlesLeads

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PM Narendra Modi Urges Youngsters To Join ‘Prarambh’, the Startup India International Summit on January 15-16; Here’s How To Register Online

Startups (Photo Credits: Unsplash)

Prime Minister Narendra Modi has called upon youngsters of India to attend ‘Prarambh’, the Startup India international summit on January 15 and 16. The Prime Minister asserted that the summit seeks to bring together top minds from industry, academia, investment, banking and finance besides young start up leaders. Taking to Twitter, the Prime Minister shared his LinkedIn post in which he noted that virtual interactions have become the new normal during the COVID-19 pandemic and said a big advantage of this is that people can be a part of programmes sitting at home. “With most events being held virtually, it has given a great opportunity for youngsters to be a part of many interesting domestic & global forums. One such opportunity is coming up in the form of Prarambh on 15-16 Jan. I urge our youth to be a part of it,” Modi tweeted on Monday.

Referring to the ‘Prarambh’ summit, the prime minister said India would also be marking five years since the Startup India initiative began. He said that this initiative has propelled India to being among the most attractive start-up eco-systems globally. Lauding the capabilities of the youths in India, the Prime Minister said that no words can do justice to the spirit of India’s youth. “Their penchant for innovation has led to outstanding results. Our start-up heroes are not merely coming from big cities but also from smaller towns. This is a good sign,” he added

Talking about the work from home opportunities, the Prime Minister noted and said work from home is in, so is greater adapting to technology. “For me, it meant more programmes online, which were extremely productive and insightful. There were interactions with scientists, medical professionals, COVID warriors, academics, industry leaders, young innovators, spiritual leaders and more,” Modi said.

The Prime Minister added that there were virtual summits, both bilaterals and multilaterals with world leaders, he noted, adding that “path-breaking” development schemes were launched through public events organised digitally.

About Prarambh:

‘Prarambh’ – Startup India International Summit – on 15 and 16 January 2021 in a virtual format. It will be organised by the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry. ‘Prarambh’ means ‘an auspicious beginning’. As a verb, it implies ‘to start’.

The idea is to attain attention of global capital for startups in India, mobilize domestic capital, provide opportunities for accessing international markets to our startups and evolve enabling policy provisions.  The first day of the Summit has been devoted to host dignitaries and stakeholders from BIMSTEC member States. The day will witness participation of renowned stakeholders from startup communities of BIMSTEC member states engaging in multilateral discussions and showcasing best of their innovations.

Here’s How You Can Register for the Prarambh Summit:

  1. Youngsters can registered themselves on the official site i.e. https://www.theprarambh.in
  2. Click on ‘Register Now’ at the top of the page and fill in all the details that have been asked.
  3. Enter details like your name, address, email-id, sector, select country and state, city and category and then click on ‘Submit’.
  4. Youngsters can check the official website as it has all the details of the 2-day Start-up India International Summit.

The main objectives of the Prarambh Summit are given below:

  • Encouraging and inspiring the youth for innovation and entrepreneurship
  • Exchange knowledge on best practices on nurturing startup ecosystems
  • Develop capacities of entrepreneurial ecosystem
  • Mobilize global and domestic capital for investments into startups
  • Provide opportunities to startups for entering domestic (private and public) and international markets
  • Showcasing high-quality, high technology and frugal innovations from India
  • Enable ease of doing business for startups and investors.

The who’s who of the Indian as well as global Startup ecosystem are making a beeline for this event. Please mark this date for a marathon of in-depth knowledge sessions and exchange of global ideas! Prarambh is expected to bring together top policy makers, industry, academia, investors, startups and all stakeholders from across the globe. In addition to deliberating on good practices from best of the ecosystems across the world, the sessions of the Summit are designed to showcase the spread and depth of entrepreneurship based on innovation in India.

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Startup

Tiding Over Times: 3 Things Indian Start-ups should be prepared for Post COVID World

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With nations imposing the complete lockdown to protect their citizens, the global pandemic of COVID 19 brought the wheel of economic growth to a halt. The businesses have been stalled, supply chains are disturbed and the global trade has been thwarted.

According to a Nasscom report that included 250 start-ups in India, ’90% of them are facing a decline in revenue. 70% of them are struggling with cash reserves, while 30-40% start-ups are in the process of shutting down either temporarily or permanently’.

However, for many, the difficult part of the pandemic is its uncertainty that has made many startup founders quite anxious. Here are 3 things that Indian start-up should do to succeed in post COVID world:

Look for New Opportunities

‘Success is not changing reality; it is the mentality behind the reality’. A crisis is nothing but an opportunity in disguise. Hence, keep your eyes open and look for new business opportunities. Research on current market trends and evaluate your product accordingly. This will help entrepreneurs to understand the changed customer behavior, and infuse innovation into their business strategy.

Create a Concrete Business Strategy

Accepting the reality and working according to it is the need of the hour. Hence, every startup owner should have straight conversations with your co-founders and investors will help you analyze the company`s health. Conserve funds, create a business plan, test every future assumption, and keep the dialogue open.

Indian Startups should Focus on building a remote team
Due to the pandemic, most of the companies have given their employees work-from-home. This will ensure the physical and mental well-being of every employee, and also reduces the chances of infection. However, it is important to stay connected with your employees to keep their morale up. Hence, be transparent about your plan and connect with them through daily or weekly calls.

The easy days ahead of you will remain easy, it is the challenging times that test your strength to the very core. You will be defined not just by how much you achieved, but by how you survived in the tough times.
The above-mentioned factors must be taken into consideration by startups after Covid to survive. If you have other business problems that you are stuck with, you can find a solution with our Problem Solving Courses. Click here: https://www.badabusiness.com/psc?ref_code=ArticlesLeads

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4 Business Ideas for College Students to Earn Money & Be Financially Independent

Business Ideas | Representative Image (Photo Credits: Pixabay)
Representative Image (Photo Credits: Pixabay)

The time spent in college gives a great opportunity for young adults to explore different aspects of the life and understand the how the world works. It prepares them to enter the real world, witness the struggles and succeed. Financial stability and independence is of the most crucial aspect of any adult. Earning money is a necessity. College provides enough time for young adults for learning and developing some entrepreneurial skills. So wouldn’t it be beneficial for college students to get some experience of entrepreneurship and economic activities? 3 Start-up Challenges Every Entrepreneur Must Overcome.

Another important advantage of working during the college days is that it adds to the resume, and provides the student an edge over others with some work experience. Besides, college students are always looking for some extra source of income to fill in the hole in their pockets and fulfill all their wants. Here are some business ideas for college students to earn some additional money –

Tuition Classes

One of easiest businesses for college students to start is tuition classes. One can give offline or online classes to his juniors. These days various apps and websites offer lucrative compensation to young adults for teaching students on their platform. It has a dual benefit, firstly it provides for a regular source of income and secondly it helps the college students to be in touch with the previous education and brush up important concepts. 3 Offbeat Career Paths: How Millennials are breaking the monotony of 9 to 5 jobs!

Freelance Content Writing

Another way for college students to earn money is by doing freelance content writing. As more and more businesses and other institutions are coming online, various agencies are looking for content creators and writers to write for the digital platforms. Mostly these agencies hire people on freelance basis and pay them per articles submitted. It requires a bit of background research that adds to the knowledge of the students. Also, it offers flexible working hours. Students can research, write and submit after their classes and earn money.

Vlogging

A highly popular business idea among college students is creating videos or vlogging. All one has to do is create a channel of any video sharing platform- YouTube , Vimeo etc and start putting up videos. Students can create videos on a number of issues, including comedy, entertainment, singing, education among others. It also helps the student to polish her talents and get the much required exposure.

Hobby Classes

Another idea to earn money at the same time harbour one’s talent is by offering hobby classes. Students can give classes in singing, drawing, painting, Yoga, swimming, calligraphy and any other talent they possess and want to promote.  It will keep the students close to their talents and passions even amid hectic college routine and will provide an opportunity to earn some additional pocket money while doing what you like.

College is a great time to explore and learn. Getting a source of earning and managing finances will be advantageous for the students to further get some real life experience and fulfill their needs. Being financially independent also boosts the confidence and the morale of the students.