Best Business Ideas in Mumbai

Mumbai which is also known as ‘Sapno ka shaha’ (dream city) is both the commercial and financial capital of India. It is one of the Richest cities in India, and the best place to start any type of business like small-scale business, home-based business, manufacturing business, food business, franchise business, shop, and wholesale business. Here, we will see some best Small Business Ideas in Mumbai with low investment or zero investment. which help you to choose the most profitable business to start in Mumbai in 2024. 

As we know Mumbai is a hub of Bollywood, and it is also known for its fashion. That’s the reason this city attracts lots of people from various age groups.  Simultaneously, the city also attracts lots of entrepreneurial-minded people.

As technology has emerged, it has helped lots of sectors, Start-ups also reach large people with the help of technology. Additionally, entrepreneurs also get Credit support from various banking and nonbanking financial sectors. If you want to start your entrepreneurial journey in Mumbai, here are the top ten new small business ideas that you can easily start in Mumbai.

Business Ideas to Start in Mumbai With Low Investment

Here are some of the best ideas in Mumbai that flourish courtesy of the growing demand for such services and products.

Acting skills

Acting is one of the promising career paths for numerous individuals who come to Mumbai to become an actor. There are lots of people who come to Mumbai to become successful Bollywood celebrities, or for acting.

Mumbai is very famous for its Hindi film and television. Here lots of newcomers come to learn acting and become actors. It is one of the main for many people come to Mumbai. It is not a very new business idea in Mumbai but a very successful and highly demanding idea.

Dance and Choreography School

If you are looking for small business ideas in Mumbai starting a dancing school is one of the best business ideas. As we mentioned earlier, Mumbai is a hub for the actor and lots of people come here to become successful actors. To become a successful actor, dancing is one of the important skills to succeed in the industry. Dancing is one of the important skills which gives lots of opportunities in the entertainment industry. 

Starting a dance school is one of the best business ideas,  you can start this business with a very minimal cost and earn good money. If you have good skills then you can also take projects from Bollywood.

Modeling Agency

As we know, Mumbai is one of the largest entertainment industries. There are lots of youngsters who come to Mumbai to become part of the industry and Modelling is one of the best professions in this city. If you are good at communication and networking with people you can easily set up a modeling agency at a very low investment. 

Ola/Uber Partner

Taxis and cab services are highly in demand and essential for many individuals traveling within Mumbai. Whether you have an appointment or need to reach your destination quickly, using a cab or Ola service is one of the efficient solutions.

If you have a car or you can buy a car then with the partnership of Ola/uber you can easily start your business. By connecting them you can easily earn a good amount. 

Organic food

Organic food has become increasingly popular as more people become aware related to their health risks associated with pesticides and insecticides commonly used in conventional farming practices. In Mumbai, particularly organic food has garnered a significant market share as lots of people here belong to the upper middle class.

As Mumbai is a place where lots of celebrities and business tycoons, live and demand organic food. So starting organic food is one of the best business opportunities. To start this business you can collaborate with some local organic farm, and easily set up your online organic food store.

Event Management Company

Event management stands as one of the most demanded business ideas in Mumbai. From Weddings, Birthdays, parties, festivities, or any special events the need for event managers is increasing.

There are lots of celebrities living in Mumbai who give birthdays and dinner parties. Due to that, they hire a good event management team to plan their parties. You can easily find high-profile celebrity clients and establish a good team for your event Management Company.

Security Agency

Mumbai is Considered one of the safest cities in the country, but the importance of additional security cannot be overlooked.   Consequently, there is always a consistent demand for security services and personnel. Starting a security and bouncer service business by hiring a team of qualified people who can work as professional security guards, bouncers, personal bodyguards, etc.

Business ideas that start from home

There are lots of people who don’t want to go outside for different reasons, especially women but you don’t have to worry here. We can see some best business ideas that we can easily start from home.

Photography Studio

There are several businesses related to the entertainment industry that thrive in Mumbai. Setting up a photography studio is a small business idea in Mumbai but it plays a very crucial role in every industry such as shooting still photos for films, making a portfolio, model photography, and more. Apart from this, you can also go for photoshoots at parties, weddings, newspapers, or other events. 

Home-Cooked Food Delivery

This will be the best food business ideas in Mumbai for ladies. The concept of “dabbawalla” in Mumbai is widely recognised especially after the film ‘The Lunchbox’.

Among millions of working-class individuals in the city, There are lots of people who come here for jobs and miss their homemade food. So, if you love to cook food and provide cooking services then you can easily start this business at your home and provide the best homemade foods to your customers.  

Drop shipping Business

Looking for a warehouse in a densely populated city is one of the extremely challenging tasks. That’s the reason Dropshipping businesses are one of the popular business ideas in Mumbai. You can easily start an online drop ship venture by creating an e-commerce store on Fynd or Shopify.

As a drop shipper, you have the flexibility to sell a diverse range of products without the burden of storing them or paying for warehousing. It is one of the most affordable and best business ideas in Mumbai.

Business Ideas in Mumbai Without Investment

There are lots of people who want to start their entrepreneurial journey but due to capital, they can’t start their entrepreneurial journey. There are lots of business ideas that we can start with zero investment.

Affiliate Marketing

In affiliate marketing, you have to just Promote other’s products and services and earn commissions for every sale or lead that is generated through your referral links.

Collaborate with businesses that you like and promote their products to your audience, It is a very simple and zero-investment business idea in Mumbai.

Home Cleaning

Starting a Home cleaning service is a zero-investment business idea in Mumbai. In this business, you have to offer cleaning services to busy residents and business workspace. Help them to maintain their place clean.

Conclusion

These are some of the best business ideas in Mumbai, apart from this you can also go for some new business ideas in Mumbai. The best part is you can start your business in Mumbai with a minimal fund. With the help of technology, you can also easily promote your business.

Frequently Asked Questions (FAQs)