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Are you looking to start a new business in New Delhi and searching for the best opportunities? Whether you're an experienced entrepreneur or beginner to the business world. In our business name list We have included opportunities suitable for all. From traditional ventures to modern startups in New Delhi, we cover a diverse range of options to help you succeed in New Delhi's dynamic market.
Handicrafts, Grocery Business, Bakery Business, Self Defense Training Centre, Fast Food Corner, Music Class Business, Beauty Parlor, Purified Water Delivery, Coffee Shop, Tuition Classes and many more are profitable business ideas in New Delhi. Investment to start a new business in New Delhi budgets ranging from 50000, 1 to 2 lakhs, under 5 lakhs, to up to 10 lakhs approx.
Is New Delhi a Good Place to Start a Business?
Yes, New Delhi can be a good place to start a business for several reasons:
- New Delhi, the capital of India, is a city with a heart that beats strong with history, culture, and politics. It's a place where you'll find a mix of old-world charm and new-age hustle, with street food that's as diverse as its people.
- New Delhi is a best place for small businesses. It’s got a booming economy with a Nominal GSDP estimated at 272.603 Billion. The government is also on your side, making it easier to start and run your business with good policies. Plus, with so many people and different markets, there’s always someone looking for what you’re selling.
- New Delhi’s people are all about smart shopping and getting value for their money. They like to compare prices and look for the best deals, especially for electronics and clothes. When it comes to shopping, they prefer a mix of both local bazaars and big malls to find what they need.
| Best Startups in New Delhi | List of Startups in India |
| Startups Incubation Centre in Delhi | Unicorn Startups in India |
| Innovative AI Startups in India | World’s Biggest Fast Food Chain |
Best Small Scale Business Ideas in New Delhi 2024
1. Handicraft
Today's online shopping has become incredibly convenient, starting a handicraft business with minimal money. By learning online platforms you can change your hobby into a business. Lots of People want unique and personalized products, that's why the demand for handmade products is always very high. So, starting a handicraft business is one of the best business ideas in New Delhi.
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| Investment | ₹1.5 Lakh - ₹6 Lakh |
| Resources | Textiles or leather, wood, metal, clay, horn, glass, stone, paper or canvas, vibrant colors etc. |
| Market Demand | The Indian handicraft market will grow at a CAGR of 7.7% from 2023 to 2028. |
| Profit Margin | ₹35000 to ₹50000 monthly |
2. Grocery Store
Starting a grocery store business in New Delhi is highly profitable and also contributes to society. Establishing an online grocery business allows customers to order groceries with just a click of a button, saving them their time. Moreover, starting a grocery delivery business does not need more money. Anyone can start it with a small capital investment.
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| Investment | ₹50000 to ₹2 Lakh |
| Resources | Licences, Grocery supplies, Containers, Disposable racks and shelves, Packaging materials like bags |
| Market Demand | The market for grocery stores will have a CAGR of 10.98% from 2022 to 2030 and the market size will increase to USD 188 billion (₹15407352000000). |
| Profit Margin | ₹ 50000 to ₹ 2.5 Lakh monthly |
3. Bakery Business
Baking and selling sweets looks like a charming business idea, but starting a bakery business is not if you have proper skills and knowledge. If you want to start a bakery business in New Delhi, make sure your product tastes loved by the crowd. Before starting a baking business it is important to do proper market research.
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| Investment | ₹20000 - ₹50000 |
| Resources | A workspace, freezer, grinders and processors, oven, display boxes, packaging supplies, skilled labour, social media presence etc. |
| Market Demand | Indian bakery business will gain a CAGR of 7.28% between 2021 and 2027, reaching a value of ₹13000 crore. |
| Profit Margin | 50,000 to 1.5 lakh |
4. Self Defence Training Centre
Starting a self-defence training centre is a top-notch business ideas in New Delhi. It’s a business that not only earns you money but also helps people stay safe. With crime rates going up, everyone wants to learn how to protect themselves. And the best part? The government backs these programs, so you’ll have support while you help others learn to defend themselves.
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| Investment | ₹5 lakhs - ₹10 lakhs |
| Resources | License, Centre Registration, Rent a location, Trained Staff, Proper Marketing Strategy |
| Market Demand | The increasing number of crimes in New Delhi have made people take precautionary measures for safety purposes. Self-defense training centres have witnessed rapid growth in clients in the last few years. |
| Profit Margin | 25%-50% |
5. Fast Food Corner
New Delhi is known for its food, people love street food, and you can find lots of tasty snacks and food in the street at affordable prices. Starting a fast food corner is one of the best business ideas in New Delhi.
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| Investment | ₹4 lakh - ₹5 lakh |
| Resources | FSSAI Licence, Store/Location, Raw Materials, Kitchen Appliances, Cutting Machines, Equipment and Machinery, Reliable Staff, Chairs, Tables, Furniture etc. |
| Market Demand | As per estimates, the Indian food service market will exhibit a CAGR of 11.19% by 2028. |
| Profit Margin | 30%-40% |
6. Music Class Business
There are lots of parts of India where people love classical music or other music. Many people in Delhi love to learn music. There are lots of talented people in the country who are blessed with melodious voices. These people want to follow their passion, and they want to join a music class to fulfil their dreams. Starting a music class is one of the best business ideas in New Delhi.
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| Investment | ₹8 lakh - ₹9 lakh |
| Resources | Licence, Musical instruments, Office Space/Store, Chairs, Tables, Music Systems, Skilled Staff, Website, Social media handles etc. |
| Market Demand | Indian performing arts market is poised to register a CAGR of 2.5%. With this swift progress, it will acquire a market value worth ₹275 billion. |
| Profit Margin | 40-50% |
7. Beauty Parlour
Starting a parlour business is one of the best business ideas in New Delhi. To start this business there is no need for a big investment, you can start this business from your own home. If you have enough space at home and a good sense of makeup you can easily attract customers. By starting this business in New Delhi you can easily make a good profit.
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| Investment | ₹50000 - ₹60000 |
| Resources | Shops and Establishments Act Registration, Trading Licence, Rent Out Location, Buy the equipments and products, Hiring Staff. |
| Market Demand | The personal grooming sector in India will acquire a value of ₹ 20 lakh crores in 2023. Furthermore, it will grow at a CAGR 3.8% from 2023-2027. |
| Profit Margin | 25% - 35% |
8. Purified Water Delivery Business
In Delhi, delivering clean water is a growing business. It’s all about giving people safe drinking water right at their doorstep. With more folks worrying about water quality, this business is picking up fast. And the best part? You don’t need too much money to start, just a good plan and the right setup will kickstart this business in New Delhi.
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| Investment | ₹6 lakhs - ₹8 lakhs |
| Resources | License, Service Registration, Water-Purifying Machines, Good Quality Containers, Rent a location, Efficient Staff, Proper Marketing Strategy |
| Market Demand | As per reports, the packaged drinking water business in India will project a market value worth ₹403.06 billion by the end of 2023. As per estimates, the market will expand at a CAGR of 5.8% from 2023-2027. With the tremendous rise in pollution and waterborne diseases, this sector will witness further growth in the coming years. |
| Profit Margin | 40%-50% |
9. Coffee Shop
In recent years the coffee business in India has experienced a significant transformation, reflecting changing consumer tastes and the emergence of a vibrant café culture. This transformation has primarily been changed by India's youthful population, rapid urbanization, and the expanding middle class, with disposable income. So starting a coffee shop business is one of the best business ideas in New Delhi.
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| Investment | ₹10 Lakhs - ₹20 Lakhs. |
| Resources | License, Space/Location, Raw Materials, Chairs and Tables, Trained Staff, Coffee Grinder, Coffee Machine etc. |
| Market Demand | The current report says, it is one of the fastest growing sectors valued at ₹4540 crores. Additionally, from 2019-2024, this sector will further exhibit a CAGR of 12%. |
| Profit Margin | 93.5% gross profit/cup of coffee. |
10. Tuition Classes
If you like teaching, then starting tutoring is something you can explore. To get success in this business in New Delhi you need to choose any subject in which you have good knowledge. Specializing in a subject doesn’t necessarily mean having a certification in that subject. It means to have good knowledge in that particular subject.
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| Investment | ₹50000 - ₹60000 |
| Resources | Credibility and Reputation, Space for students to assemble, Basic amenities, Equipment (for example, projectors, lab equipment etc.), Access to the internet etc. |
| Market Demand | Market researchers expect that the private tutoring market size will grow at a CAGR of 9.4% and reach ₹1015266 crores (approx.) within 2030. |
| Profit Margin | The profit margin of private tuition is very high, i.e. as high as 90% mainly because there is a very low operating cost involved. |
Conclusion:
New Delhi is one of the most modern and developed cities in India; it is also one of the fastest-growing urban centres, so there are lots of opportunities for people. If you are thinking of starting your business in New Delhi there are lots of business ideas in New Delhi that you can explore. Whether it's a new business idea or a local business idea, the city provides equal opportunities for both. Whether you are interested in small business ideas or new business ideas in New Delhi their growing economy welcomes everyone. Whether you want to start a technology-related business or any other service, understanding the local market is very important to identify the best business to start in New Delhi. It will help you to build a successful business in New Delhi.
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