India’s rapidly growing startup ecosystem is highly dynamic, with certain industries standing out as prime areas for innovation, growth, and entrepreneurial success. These industry sectors have not only inspired lots of entrepreneurs but also provided great opportunities for those who are looking to carve out their niche in the business world.
Startup Industries for Entrepreneurs
Most popular startup industry sectors in 2024 are:-
Financial Services
The Financial Services sector in India stands out as the most promising field for startups, having an industry domain that has encouraged 46 startups by entrepreneurs. This startup has revolutionised online payments with its innovative, developer-friendly APIs and seamless integration support.
Explore more about the fintech startups in India.
Spacetech
India’s spacetech industry has emerged as a vibrant sector for startups. Its possibe with the support of country’s advancements in space technology and supportive governmental policies. The Indian Space Research Organisation (ISRO) and Indian National Space Promotion and Authorization Center (IN-SPACe) has played a pivotal role in this growth by fostering collaborations and opening up its facilities for private players. Startups in this sector are focusing on a range of innovative solutions, including satellite manufacturing, space-based data analytics, launch services, and ground station operations. This supportive ecosystem is helping Indian spacetech startups attract investment, develop cutting-edge technologies, and contribute significantly to the global space economy.
Explore the spacetech startups in India.
EV (electric vehicle) Industry
India’s electric vehicle (EV) industry is rapidly evolving, presenting numerous opportunities for startups. Driven by government policies promoting sustainable transportation, such as the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) scheme. EV sector is seeing significant growth. Startups are innovating across various segments, including electric two-wheelers, three-wheelers, passenger cars, and commercial vehicles. Additionally, companies are focusing on developing essential infrastructure like charging stations and battery swapping solutions. The push for localization of manufacturing and advancements in battery technology is also creating a favorable environment for EV startups. Collaborations with established automotive companies and investments from venture capitalists are further accelerating the growth of the EV startup ecosystem in India. Its helping the country as a potential leader in the global EV market.
Explore the list of Electric Vehicles (EV) Startups in India.
Retail
The Indian retail sector remains a major player both domestically and globally, significantly contributing to the country’s GDP and employment. According to a report by 2030, it will become the third-largest market. Recently, the retail industry has experienced multiple changes, including new business models, enhanced customer experience and growing digitalization across the value chain. Over the next decade, more disruptions are expected to transform the sector. One notable figure recognized for his distinguished startup in retail is Radhakishan Damani, the founder of Avenue Supermarts.
Software & Services
The Fourth industry on the list is Software & Services, which has welcomed 21 startups to flourish within its potential fold. One of the notable startup founders in this sector is Deep Kalra, renowned for funding MakeMyTrip.
Transportation and Logistics
Transportation and logistics, having attracted 16 brand-new entrepreneurial ventures, stands in the 5th spot in the list. Deepinder Goyal, the founder of Zomato is a highly esteemed figure in this industry domain, celebrated for his remarkable achievements.
Renewable Energy
India is rapidly becoming a global leader in renewable energy. The country benefits from a favourable economic climate, abundant solar, wind, and hydropower resources, and a strong regulatory framework. In March 2023, India’s installed renewable capacity was 143644.51 MW, growth rate at a CAGR of 8.71% between 2024-2032.
Know more about the top green energy startups in India.
Education
The education sector in the country has inspired 10 highly successful startup ventures, placing it in the 6th place on the list. Among the esteemed startup founders in this domain are Chaitanya Kalipatnapu and Ashwin Damera; known for their notable creation, which is committed to teaching the skills of the future.
Here is the top edtech startups in India.
Consumer Goods
The Consumer Goods sector ranks 7th place on the list with 7 startups having achieved their entrepreneurial ambitions in this sector. Ravi Modi, the founder of Vedant Fashions, stands out as an exemplary visionary in this sector, renowned for his successful track record and achievements.
Media & Entertainment
The Indian Media and Entertainment (M&E) sector is emerging as a pivotal sector of the economy, showing remarkable progress. Factors such as widespread access to fast and affordable internet, rising incomes, and increasing consumer spending on durables goods have provided substantial support to this sector. India’s media and entertainment industry stands out globally due to this sector. India’s M&E industry stands globally due to its vast scale and the Average Revenue Per User.
Explore the top:
Media Startups in India
Entertainment Startups in India
Food & Beverage
India, is one of the fastest growing economies in the world, it is known for its rich and diverse culture tapestry where people of various religions and languages live together. Geographically, India has a wide range of climate and agriculture conditions. This diversity provides a wide range of traditional cuisines that vary significantly from north to south and east to west, shaped by the local availability of spices, herbs, vegetables, and fruits. The Indian Food and Beverages Market size was valued at US$ 332 Bn in 2023 and is expected to grow at a CAGR of 11.05% from 2024 to 2030, which is nearly US$ 691.47 Bn by 2030.
Explore the list of best foodtech startups in India.
E-commerce
The Indian E-commerce industry is growing fast and is expected to become the world’s second-largest e-commerce market by 2034. By 2030, it might reach $300 billion, driven by many grocery and fashion sales. The Indian online grocery sales, for example, are estimated to grow US$ 26.93 billion in 2027, Overall e-commerce sales are expected to grow by a CAGR of 18.2% between 2021 and 2025 to reach Rs. 8.8 lakh crore approximately. E-commerce not only makes an online marketplace but they are also making a specific product niche.
Healthcare
Healthcare has emerged as one of India’s largest sectors, contributing significantly to revenue and employment. It encompasses hospitals, medical devices, clinical trials, outsourcing, telemedicine, medical tourism, health insurance, and medical equipment. It is growing rapidly both publicly and privately.
Explore more:-
HealthTech Startups in India
Mental Health Startups In India
Conclusion – Startup Industries
India’s diverse and dynamic startup scene shows how creative and skilled India’s entrepreneurial spirit and technological skills are. There are lots of startups in various industries whether it’s fintech, agriculture, tech, retail, or any others.
FAQs – Startup Industries
How are health startups transforming the healthcare industry in India?
Healthcare startups are changing the healthcare industry in India by offering various services such as health monitoring apps, personalised wellness programs, affordable diagnostics, telemedicine services, etc. Which is making healthcare services more affordable.
How does an Edtech startup change the education sector?
The tech sector played an important role in the education sector by providing online education affordably in every part of the country.
Which Industry is best for startups?
Financial Services, Retail, Software & Services, Transportation and Logistics, Renewable Energy, Education, Consumer Goods, Media & Entertainment, Food & Beverage, E-commerce.
What Industry has the most startups?
There are several industries that are largest number of startups. Here we are top booming startup industries in 2025 are Financial Services, Retail, Healthcare, Software & Services, Transportation & Logistics, Education, Consumer Goods, Media & Entertainment.
