Business Ideas in Bangalore

Bangalore, or Bengaluru, is often referred to as ‘The Silicon Valley of India’, owing to its rapid advancements in technology and entrepreneurship. Coupled with an increased youth population and government support, Bangalore has bloomed into a more cosmopolitan culture with higher levels of diversity and top-class infrastructure. All this makes the city a highly sought-after location for budding entrepreneurs. In this article, we will explore some potentially profitable businesses in Bangalore. 

Top 10 Business Ideas in Bangalore

Bangalore is a haven for various kinds of businesses from culinary and real estate to software startups. Below is a list of the best businesses to start in Bangalore

1. Food Trucks

Bangalore is already known for its diverse food options. People from different parts of the country can enjoy their home cuisines and explore different cuisines at a low cost, making food trucks one of the best business opportunities in Bangalore.

2. Homemade Food Delivery

Bangalore is a hub for education and careers in technology and entrepreneurship, attracting students and professionals alike from all over the country and abroad. This has opened up a demand for a diverse array of cuisines, with some preferring to stick to homemade meals for quality and authenticity. This can homemade food delivery a lucrative small business idea in Bangalore.

3. Tea and Coffee Stalls

Bangalore is teeming with software tech parks, corporate offices, and educational institutions. Stalls strategically placed outside tech parks and colleges are never short of customers, making refreshment stalls one of the top businesses to start in Bangalore. Students and employees on a break seeking refreshments will keep the stall busy most of the time. Offering snacks along with beverages can give a social aspect to those taking a work or study break.

4. Grocery Store with Delivery

With students and professionals spending most of their time at school or work, life can get very fast-paced leading to a shortage of time. People are happy to pay for convenience such as groceries being delivered to their doors cutting down on the time spent shopping or driving to and from grocery stores. A venture that takes people’s orders and delivers groceries to them can be one of the successful business models in Bangalore.

5. Real Estate

The real estate market in Bangalore is booming due to the influx of the migrant population. Safe and affordable homes are always in high demand. In real estate, you can act as a point of contact between home sellers and buyers, or tenants and homeowners. Real estate also offers opportunities such as property listing, property management, and rent collection. A reputable real estate agency can be one of the high-demand businesses in Bangalore.

6. Paying Guest

If you have or can finance/rent a large property, paying guest accommodation is a business opportunity in Bangalore that will repay you many times over. Bangalore being a relatively safe city with low crime rates is an ideal location to start a paying guest service. With study and career opportunities attracting diaspora from all over the country, accommodation is always in demand. The affordability of a paying guest accommodation makes it the top choice for newcomers and students in the city. Even though there are many paying guest accommodations available, a lot of them are lacking in terms of amenities. A paying guest facility with safety features and top-class amenities can be a profitable business in Bangalore.

7. Co-Working Spaces

Co-working spaces are a trending business idea in Bangalore as real estate prices are skyrocketing. Co-working spaces are cost-effective for both individuals and businesses. Especially for startups, co-working spaces have been quite useful as they save on expensive infrastructure while offering a space for the team to work together. In the post-COVID world, with many businesses choosing to operate remote-first or offering flexible locations or hybrid work arrangements, the demand for co-working spaces has shot up. Freelance gig workers, or those who are unable to or do not enjoy working out of home can seek out co-working spaces. Some employers even offer co-working spaces as a benefit to remote employees.

8. Yoga Studios and Gyms

With millennials and Gen-Zs becoming more health conscious in both physical and mental health aspects, Yoga and meditation studios are becoming popular. Apart from the physical and mental health benefits, many also see a social aspect to yoga and meditation classes. 

Fitness centres and gymnasiums are also popular for their personalised training, availability of equipment, group fitness classes, and a sense of community. A yoga studio or a fitness centre in a prime location is one of the most ideal business ventures in Bangalore.

9. Mobile Salons

With students and professionals being busy throughout the week and generally preferring to travel over weekends, people do not generally like to spend a lot of time waiting for their grooming needs. Salons and parlours offering beauty services at home can be a lucrative business opportunity in Bangalore. Investing in hygiene, high-quality products,  and easily portable equipment can make mobile salons a profitable venture with a loyal and growing clientele. 

10. Software Startup

Software startup is one of the best businesses to start in Bangalore. Famously known as the Silicon Valley of India, Bangalore is the preferred location for someone looking to start a startup or software business. It is also known as the startup capital of India due to a variety of factors. 80% of the global IT giants have their offices in the city. As Bangalore also has many educational institutes offering professional and vocational courses, there is a readily available talent pool for businesses that are hiring. Additionally, Bangalore has a high density of investors interested in emerging business sectors in Bangalore.

Bangalore is also home to companies like Google and IBM that are doing cutting-edge research in the field of Artificial Intelligence. The city is a hub for many companies setting up Global Capability Centres (GCCs). Companies like Alphabet, Microsoft, Intel and Walmart have GCCs in Bangalore. The government is expected to announce a new GCC policy aimed at further attracting Fortune 500 companies to Bangalore. The ecosystem makes Bangalore a desirable place for setting up a software business.

Further, Bangalore has more than 30 Special Economic Zones (SEZs), most of which are built for IT and ITeS companies. To support the operations of these companies, Bangalore provides around-the-clock power to SEZs.

Business Loan in Bangalore

Given the many advantages of starting a business in Bangalore, many financial institutions are happy to facilitate a business loan in Bangalore. They can be beneficial for startups that are just beginning their entrepreneurial journey, or established businesses looking to raise more capital for business expansion. Make sure to compare the loan terms and interest rates of different lenders before choosing the option that suits your needs the best.

Conclusion

A plethora of business opportunities in Bangalore are available for budding entrepreneurs. Conducting thorough research is essential to understand local demand and identify competition, market risks, local regulations, and funding needs. 

Please note, SMFG India Credit, we require that your business has been established for at least 3 years, showing stable income and profits for the preceding 2 years. If you are looking to finance your business in Bangalore, SMFG India Credit offers unsecured business loans up to INR 75 lakhs* at competitive interest rates. Check our eligibility criteria and apply online or visit your nearest branch for more information.