Best business ideas under ₹10 lakh investment: Know business list

Are you looking to start a small business that with minimal investment? There are plenty of thriving small businesses that have invested less ₹10 lakh to set up their startups and are getting good Return on Investment (ROI). There are many business ideas under ₹10 lakh investment that entrepreneurs can dip their toes into to gain good profit margins.

Best business ideas under ₹10 lakh investment

There are many businesses that have started their ventures with less that ₹10 lakh in hand. Many of them have gone on to become notable businesses of India with inspirational success stories.

Here are some of the best business ideas under ₹10 lakh that you can try as a budding entrepreneur:

Logistics franchise

Logistics franchise is a business enterprise that can be easily started by people looking to get into the logistics industry. It involves starting a logistics business under an existing logistics solutions provider. The franchise can engage in activities including warehousing, distribution, courier, delivery and trucking.

Requirements to start a logistics franchise include a space between 400-600 sq.ft., basic equipment like computers, internet connection, generator for uninterrupted power supply, vehicles for transportation, barcode scanners, printers, etc., and a minimum number of personnel including delivery executives as specified by the franchisor.

Retail plant nursery

Retail plant nurseries are a profitable venture if you find the right location to set up your nursery. People now are decorating their apartments and houses with exotic plant varieties. They also keep it inside their homes as plants have air cleaning capabilities.

A small nursery within the city limits doesn’t need much investment to set up. All you need are a variety of plants that are in demand, pots, soil, manure, space to store all your plants and a greenhouse set up. This can be easily obtained as well. The only hard part is finding out the right location as plants need a lot of sunlight and good water availability.

Cloud kitchen

Cloud kitchens are booming, especially in cities where food delivery apps are becoming successful businesses. These are delivery-only restaurants that have no physical space for dining. This means that all the space they have is devoted to cooking and packing the food for takeaway.

Cloud kitchens only require less space and minimal staff to start. You would also need kitchen infrastructure depending on the menu you have decided on. You would also need money to sign up with food delivery apps.

The investment required will largely depend on the food you are planning to serve. If it is pizzas you are making, you will require an oven which will be expensive. But if you are planning to put homely food items on your menu, then the cost of the set up will be considerably less.

Homemade pickle business

Indians love homemade pickles, and it has a huge market in our country. This is a manufacturing business under ₹10 lakhs that you can start at home. You would require vegetables or meat that you want to pickle, cooking equipment, utensils for brining and jars for preserving the pickle. You would also need an FSSAI license to start the business and the cost to get this license varies from state to state.

Online travel agency

The interest in travelling around the country and even around the world is rapidly spiking among people. The young and the old alike are going on tours including package tours to see their favorite places.

Setting up a tours and travel business is another low investment business idea that has a lot of demand but also high competition. You will be a travel agent whose job is to research, plan, and book travel for your customers. You can offer standard package tours and personalised tour itineraries that offer a customised travel experience.

All you would require to start this business is a space to set up shop (which could be your home), a computer, a mobile phone and a printer.

Home and office cleaning business

Setting up a home and office maintenance business is the one of the best business ideas under ₹10 lakh investment. It only required minimal space, cleaning supplies and cleaning staff. The tasks of a cleaning business involve AC cleaning, floor cleaning, cleaning the restrooms with powerful cleaning solutions and sanitising them, wiping the glasses and mirrors, vacuuming the carpets and furniture, etc.

The requirement for starting this business includes cleaning staff, cleaning supplies for deep cleaning and specialised cleaning, cleaning appliances like vacuum cleaners, vapor steam cleaner, jet pump for AC cleaning, etc., and a space to set up your cleaning business enterprise.

Fitness centre

Fitness centres like gyms, yoga centres, aerobic centres, etc., are easy business ideas under ₹10 lakh. Gyms will require expensive equipment like treadmills, multigym, rowing machines, etc. This will require some considerable investment because some of these equipment, especially if you want it to be from a reputable brand, are high priced.

However, setting up a yoga centre will require much less investment compared to a gym. All you would need is enough space, yoga mats and a professional yoga trainer.

All the above-mentioned business ideas with ₹10 lakh investment will require certain licenses to get started, most importantly the shop and establishment license. You would also need a GST registration to start your business.

If the money to set up the business enterprise exceeded your budget, then you can always apply for a business loan. There are startup business loans by the Government of India.

There are also startup loans offered online by financial institutions and new age fintech companies. Platforms like Business Loans on Tata nexarc offers you loans up to ₹30 lakh with no collateral requirements. With minimal documentation and hassle-free online application process, Tata nexarc Business Loans can give you a loan offer in just 5 minutes.