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Best Business Ideas in Mumbai

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Posted on
Aug 14, 2022

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1 Introduction

2 New Business Ideas in Mumbai

3 Small Business Ideas in Mumbai

Introduction

Mumbai is known as the commercial capital of India and is considered the most populous city in the country. Starting a small-scale business in Mumbai or a startup business in Mumbai can be an excellent option for anyone looking to expand his business. Mumbai is also considered to have the second most growing market in Asia.

Therefore, setting up the business in Mumbai can also have a massive impact on the global position of India. Moreover, it has a significant effect on the GDP of the country. So, if you are looking for side business ideas in Mumbai, then you are at the right place. Here are some of the fantastic business ideas in Mumbai with low investment that you can consider.

New Business Ideas in Mumbai

Because of the high population, Mumbai offers various business ideas. Below is the list of some profitable and other business ideas in Mumbai with low investment that you can choose –

1. Salon services

It is one of the most profitable side businesses in Mumbai. You can offer multiple services, from a basic haircut to a professional spa and makeup. Starting a salon in Mumbai can generate total revenue of ₹10,00,000 annually. It requires investing in space, equipment, and highly-experienced staff. It can also be a great business idea for ladies in Mumbai. If you are searching for low-investment business ideas in Mumbai, then you can also open a low-cost salon whose investment can be as low as ₹1,00,000.

2. Coaching Institutes

All parents blindly trust the coaching institutes for their children’s bright future. It is one of the best business ideas in Mumbai with low investment. You need to invest in assets like furniture, board, markers, etc. It requires an investment of ₹1-₹1.5 lakhs. Also, this is the best business idea for women in Mumbai. Women willing to start teaching careers can open their institutes and spread knowledge to others.

3. Textile Business

Mumbai is an excellent hub for the garment sector. A textile business can be a fantastic wholesale business idea in Mumbai. You can start with a wholesale market where people can buy suits, sarees, sherwanis, and other garments. For this business idea in Mumbai, you will need an investment of ₹10-₹20 lakhs.

Points to keep in mind for starting this wholesale business in Mumbai are –

• You can break down the categories of your business into clothing and mass-produced, readymade goods.

• You must select a perfect location for your business that suits the customer’s needs and preferences.

• You should select your business category, keeping in mind the amount of investment you can make.

Small Business Ideas in Mumbai

Here is the list of business ideas in Mumbai with low investment –

1. Tiffin Services

Most people in Mumbai depend on food from outside. Identifying the people’s tastes and providing tiffin services can be a successful business idea in Mumbai. This is a business idea for ladies in Mumbai. You must give the customers the reasonable value of the food in return for the price you charge. You should ensure your customers that your services are trustworthy and that too long-lasting. No doubt, it is the best small-scale business idea in Mumbai. You can also start this as your side business in Mumbai.

2. Care of Pets

A large number of people in Mumbai have their pets. Therefore, Mumbai can be an excellent location for starting the business of caring for their pets. This small business in Mumbai requires almost negligible investment. However, you need the skills to handle the pets and can provide your services directly at your client’s place. In addition, you should have a solid customer base for this business in Mumbai. After some time, you can also open your pet care centre in Mumbai.

3. Seafood Delivery

Mumbai is the city where the majority of people consume seafood. If you are among those people who like to get up early in the morning and catch the fresh air by making your way to the market, then the business of selling seafood to consumers and companies can be an excellent option for you. This is a small-scale business idea in Mumbai that requires no investment.

We have made a list of several business ideas in Mumbai, keeping in mind the cost involved in the business. You can explore such opportunities if you want to start your business in Mumbai. People with even low capital can start their businesses. However, for expanding your business in Mumbai, you can also browse Flexiload to find out how to obtain a business loan in India. Flexiloans also provide loans without any collateral security and, too, at low-interest rates. So, you can research all your requirements in just one place.