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Startup 2018-01-17

Business Opportunities for Upcoming Startups in Metropolitan Cities

The new Industrial Policy 2010-21 aims to provide a conducive environment for knowledge-based and hi-tech IT/ITeS industries in upcoming Metro cities.

By Senior Sub-editor
Business Opportunities for Upcoming Startups in Metropolitan Cities

 

The glamour and glitterati of the metro city attract people from different villages, regions with a promise to provide good education, a decent job and an improved lifestyle.

There are enormous opportunities in the city but one has to have the business sense if he/she wants to form a brand of his/her own, if not brand but to run a successful business.

The new Industrial Policy 2010-21 aims to provide a conducive environment for knowledge-based and hi-tech IT/ITeS industries in upcoming Metro cities.

The SME lending market in India is worth almost $300 billion today and the digital finance segment constitutes 10% of it. The northern region makes up about 35-38% of the total addressable market which is worth about $10 billion. The CAGR is expected to remain 17-20% for the next 5 years and post-demonetisation, it might even surpass 20%.

If anyone wants to explore the business opportunities, it is the right place to be.

Here is the list of business opportunities, Metropolitan cities offer to its budding entrepreneurs and businessmen:

Estate Agent Brokers:

Since the metro cities become home to many out of state in search of job or study or just as tourists, people from various parts of the world come to take up their job and they want places to stay, thus it is the Estate broker, whom they approach first, as soon as they land.

A metro city comprises of multiple education options such as colleges of all streams and specializations, even students too come for their studies as well as looking for a job, thus for a broker, it is a business, which will never go out of season.

Maid agency:

One can find pseudo fathers and mothers in every corner of the cities but finding a maid is a difficult task.

Since Metro cities welcome people from every corner of the world, everybody has a different taste. In the fast track life, one cannot depend on restaurants of burgers and pizzas, people miss the home cooked food, what can be a better opportunity than this to grab for the cooks.

There is a huge demand for maids, who can wash clothes, clean homes and cook as well as do the dishes, for a family or bachelors or single owners.

Moreover, it will provide job opportunities for the local people.

Paying guest service:

The local people, who have their houses in the important areas of the city such as near the colleges or the IT firms, they can rent out some portions of the house to accommodate a family or young girls and boys and can earn money out of it.

This way one can take care of the house and earn a decent amount every month.

Grocery store with delivery service:

Stuck in the fast lives and never-ending traffic jams, one hardly gets any time for his/her own.

Thus grocery store and delivery service is a good enough business, through which the majority of working class can place their order and get delivered in time, without dealing with the hours-long traffic jams.

Daycare/playschools and child care:

The ambitious partners in a cosmopolitan city find it difficult to take time out for their child and with the growing competition, children are made to join either playschool or daycare as early as possible.

Moreover, the forever growing tall apartments have popped out everywhere leaving no space for playgrounds and parks for children.

Thus the daycare, childcare business is very much in demand.

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