Bangalore, also called Bengaluru, is a city in Karnataka, situated in the southern part of the Indian subcontinent. Termed the Silicon Valley of India, Bangalore is the first choice for established businesses and startups to grow their business. The city attracts much investment from international and national investors and is one of the fastest-growing state capitals in India. Today, we have brought you some of the best businesses you can start in Bangalore.

Pros & Cons of Starting a Business in Bangalore

Pros

  • Growth Prospects: As we mentioned above, Bangalore is one of the most loved locations for investors due to the potential for huge returns. The city contributes more than 48% of Karnataka’s GDP and provides more than 98% of the state’s software exports. Bangalore’s GDP is expected to touch about USD 240 billion in FY 22-23, which is huge, considering it is a city and not even a state.
  • Infrastructure: Everything a business may need is already set up in Bangalore. Venture capitalists, incubators, investors, lenders, MNC headquarters, etc., are available within the city. Bangalore is famous for its IT outsourcing services, and most of the international MNCs have settled within the city due to its great working environment.
  • Government Schemes: Due to its immaculate importance in growing the economy of Karnataka and India, the state and central government have paid close attention to removing any inhibition that stands in the way of its development.
  • Weather: Bangalore has moderate weather throughout the year due to its unique geographical location. The place is perfect for most people as they do not have to face extreme summer or winter like in the other parts of the country. The moderate climate makes the city a pleasant place to build your business.
  • Greenery: Casually termed the Garden City of India, Bangalore is lush with green gardens, fountains, and lakes. The city has more than 1,200 developed parks across different locations. Building a new business can be stressful and corporate pressure can affect an entrepreneur’s mental health. These green spaces provide a way for you to cut away from the noise and enjoy a moment of silence.

Cons

  • Competition: Due to its huge returns, Bangalore has been approached by an increasing number of entrepreneurs and employees, ultimately leading to an uptick in competition. Every industry, from IT & manufacturing to hotels & restaurants, has seen the immense competition, making it harder for new startups to survive.
  • Traffic: New businesses require regular meetings and interviews. Bangalore is among the world’s top 10 most congested cities, making it harder for people to commute. During the rainy season, the city can get clogged up, and transportation may be hampered partially or completely.
  • Expensive: Like any other developed city in India or the world, Bangalore is quite expensive. It can be the cost of starting your business, residence, food, transportation, or anything else. You might have to pay extra bucks to live a decent life in the Indian Silicon Valley.
  • Dense Population: Even after being expensive, Bangalore is the preferred location for many people out there who are looking to fulfill their dream. Due to limited space in the city, there is always a space crunch, and new entrees may have to settle for congested apartments or workspaces.

Now that we have discussed the pros and cons of living in Bangalore let us discuss the main thing we are all here for.

List of 10 Best Business Ideas in Bangalore

1. Affiliate Marketing

Girl with a loudspeaker
Girl with a loudspeaker

One of the newer and fastest emerging forms of marketing, affiliate marketing, is a collaboration between a marketer and an online retailer. The marketer gets a commission with every sale that comes in. Affiliate marketing can be one of the easiest and fastest ways to make money in Bangalore. The city is tech-savvy, and most people have a smartphone. That is all you need to become an affiliate marketer. You can start creating content online on any platform of your choice and promote products to your audience.

2. Tourism

Girl capturing image of a tourist site
Girl capturing image of a tourist site

Bangalore has always been a preferred vacation location for domestic and foreign travelers. People visit the city to taste the nightlife, visit countless parks, enjoy the weather, and many other things. What makes Bangalore tourism even better is that it is connected very closely to places like Ooty and Mysore. Entering the tourism industry in Bangalore may mean you can venture into building a hotel, restaurant, café, tourist agency, etc., to provide travelers with the best experiences possible.

3. Real Estate Brokerage

Image of a wooden house
Image of a wooden house

As we mentioned above, Bangalore can be a tight space for newer residents, and people generally need help finding the right place for themselves. A real estate broker deals in apartments and plots daily. You can start a real estate brokerage and help people find their perfect home or a perfect office and charge hefty commission for your services.

4. Car Rentals

Car Key
Car Key

For people who do not like to travel in taxis and cabs, a newer way to travel is developing in India. While this method has existed in foreign countries for a long time, it is still in its beginning stages in our country. Tourists and locals would like to experience a more private travel experience like renting cars. Rental businesses charge an advance deposit and can charge further according to their discretion based on time or distance.

5. Co-working Space

Two men discussing in a co-working space
Two men discussing in a co-working space

Companies have started allowing employees to work from a common area due to the limited office space. This saves high costs for both the employees and companies. You can find a great area that has yet to be developed completely and build a co-working space where employees from different companies can work peacefully. Co-working spaces provide all the facilities like attendance management, transport, work desk, food, etc.

Business Ideas for Other States:

AssamGoa
BiharMaharashtra
KeralaKolkata
HyderabadGujarat

6. Bicycle Rental

Bicycle paring
Bicycle paring

With the increasing disease count in India, people are becoming more health conscious, which is why eco-friendly travel has gained ground. People like to travel on bicycles these days to escape the long traffic jams and keep themselves fit. You can take this new perception to your advantage by providing high-quality electric and non-electric bikes.

7. Paying Guest

view of a hotel room
view of a hotel room

Since having an apartment can be a big deal in Bangalore, students and employees alike like to stay in PGs, which offer a roof at a much lesser price. Starting a PG can be a great idea if you have a space available at your disposal. Providing services like a homestay, food, laundry, etc., are some basic activities of building a PG business.

8. Grocery Home Delivery

Delivery guy delivering grocery
Delivery guy delivering grocery

The time employees and bosses spend at work are crazy. Spending so much time at their offices, people generally want to avoid going out again to buy groceries. You can build a grocery store available online (Whatsapp, Instagram, Website) or through a contact number where you promptly take orders and deliver groceries to people’s houses.

9. Daycare

Girl child playing with a toy
Girl child playing with a toy

Bangalore residents have fast-paced lives. Everyone has a job to do. Couples who become newer parents face the problem of nurturing their kids’ childhood in the best way possible. Due to lack of time, it can get very hard. Daycares provide services for children’s mental and physical development, cognitive development, and keeping children safe. This is a booming business as it has an increasing demand and does not require much investment.

10. Digital Marketing

Digital Marketing
Digital Marketing

Every company in 2022 needs to have an online presence. Often, companies do not have time to deflect from their main business, so they outsource their digital marketing requirements. You can create a digital marketing agency and help companies gain a digital footprint through different forms of marketing like content marketing, influencer marketing, content creation, blogging, etc.

In addition to this, if you are looking to start a business in your village but don’t know where to start? Have a look at our latest blog, where we have mentioned some of the most profitable village business ideas in india that you can start with very less investment.

Conclusion

Bangalore is a place where dreams turn into reality. We have recommended our top picks for businesses of all budget sizes in Bangalore. Dive deeper into the field that interests you and start creating your successful journey today.

FAQs

How to start a business in Bangalore?

The legal steps of starting a business in Bangalore are
1. Approve your company name
2. Get the director’s identification number
3. Get the DSC (digital signature certificate)
4. Stamp the papers of your business
5. Get the certificate of incorporation
6. Make a seal of your business
7. Get a Permanent account number (PAN)
8. Get a tax account number
9. Register your business with the Office of Inspector and Shops and Establishment Act
10. Register for GST
11. Register for professional tax
12. Register with the Employees’ Provident Fund Organisation
13. Register for medical insurance for your employ

What business can I start in Bangalore?

Some of the businesses you can start in Bangalore are affiliate marketing, tourism, real estate brokerage, car rental, co-working space, and digital marketing.

Mansi Rana is an experienced content writer with 2 years of experience in creative storytelling. A Journalism and Mass Communication graduate from Amity University, Mansi is passionate about helping creating micro-influencers through the power of affiliate marketing. When not writing for the Internet, she is a voracious researcher of all things beauty and fashion.

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