The number of start-ups operating in Kerala was more than 1,400, and the total funding observed in 2018 stood at $38 million. Read on...
According to Kerala Startup Ecosystem Report 2018, Kerala start-ups have received funding of $38 million in 2017-18.
At the end of the third quarter of 2018, the number of start-ups operating in Kerala was more than 1,400, and the total funding observed in 2018 (till September) stood at $38 million (disclosed).
The report also stated that the number of funded start-ups in 2017-18 was 59. The report attributed the increase mainly to the change in institutional funding. This had encouraged and supported the start-ups to progress.
Looking at the pace at which the startups have mushroomed in Kerala, it seems there is a huge opportunity for businesses in the southern region. Take a look at the business opportunities that lie in Kerala:
Home-made Food business
Kerala is gradually becoming the state, where people from other parts of the country are flocking in, in search of jobs, for them getting home-made food is a challenge. So to ease out their problem, starting a home-made food business is suitable as well as profitable business opportunity.
The investment required would be up to 6 lakhs, ROI would be 15-20% and anyone with love for cooking and a little knowledge on running a business can easily start this business.
Travel and Tourism Business
The God’s own country is known for its exotic locations, the food they serve and its culture, which people from various parts of India and the world come to celebrate. For those who want to start a business or start a career in tours and traveling business, this is a suitable business idea.
The investment required would be up to 10 lakhs, ROI would be 25-30%.
Coconut-based products Business
Kerala’s coconut and coconut-based products are famous worldwide. So to begin with one can start with the business of exporting coconut-based products to other states and countries.
The investment required would be up to 10 lakhs and ROI would be 15-20%.