Business ideas which will surely create new billion dollar Unicorn.
5 Best Startup Business Ideas for 2021
What are the best business ideas to start in India in 2021?
The year 2020 was an explosive year for the startup businesses in India. There were many unicorns, many new startups were launched. It was a successful year, and I can assure that year 2021 is going to be better than the past year. Not only the number of unicorns, but also the number of startups that will be launched will be the highest. So now the question comes that, among all these startup ideas, which one should be chosen to work upon? And here in this article we are going to discuss about 5 startup ideas which I think will be perfect for 2021.
We will discuss 5 startup ideas along with the opportunities which I think will be perfect for year 2021 to work upon.
1. Educational Technology
Ed-Tech
Friends, there was a transformation in education in 2020. Why?
Because of the lockdown and pandemic, nobody could go to school, colleges, and all tuition and training centers were closed. So everything moved online, and when everything moved online, people realized its potential.
Because now, it was not needed for the world’s best teacher, best professor to be at a place physically, they could teach people, students sitting at their home. Whether it’s music, dance, poetry, musical instruments, physical fitness, languages. Many courses were created, educators came forward and the students realized so many possibilities in 2020.
And I feel that if we are thinking about a start-up idea for 2021 or planning for it then ed-tech is a brilliant place to start. Do not focus on schools and colleges because that becomes very technical and there are a lot of good players who are already doing a lot of good stuff there.
Focus on skilling.
Skilling can be of 2–3 types.
- One type of skilling is for people who did not do well in their colleges or did not go to a good college, and create an opportunity for them which makes them employable. English Speaking Courses, personality development courses, sales training, marketing training, how to speak confidently, all these things which are important for job skilling, that’s number one.
- Number two, Personality development or soft skilling. Each working person knows that to become a leader, a manager, many aspects of their personality are important. So, not just the technical skills but also the soft skills. Confidence building, team management, leadership, conflicts management, critical decision making, all of them are important. And these do not require a technical know-how, anyone who is an expert in these will be a great instructor, all you need is a platform to get there.
- And third is recreational learning, something which will not change your life, but you want to learn it because it will improve your life. It could be hobby based learning, it could be entertainment based learning. Recently, I brought a course which was on learning the guitar. I do not play music at concerts. This course will not change my life, I will not get a certificate which will get me a job, but it is recreational learning for me, and that is very powerful.
So startup idea number 1, ed-tech.
2. Personal Finance
I myself write articles on personal finance, and based on that I can tell that the one thing that everyone wants to understand but very few understands, is money, finance, managing their money.
And I think a start-up can explore the full domain of personal finance, especially for teenagers and for Gen Z, who is between 13–21, can go up to 25 because theses people form the bulk of India’s population. Many among them are still not learning, they have never earned or they have just started earning, and they have no idea, no idea about how to manage their money, personal finance we can create content, which is just educational.
In personal finance we can create tools through which people can save and invest money.
There are a lot of great, very interesting applications which I know of, which makes it easy for young kids, young adults to start thinking about money, saving, investing so all of these are part of a personal finance. I think it is a brilliant, brilliant segment to be in and if we can crack this space, there is money to be made like nothing else.
So startup idea number 2, personal finance.
3. Food and Agri Tech
Food and Agri-Tech
Food is the foundation of India.
There is nothing without food. Food delivery applications have aready exploded, it is a very competitive space so I would not suggest that, But it has a back-end which is the supply side.
If Zomato and Swiggy delivers food, then they pick food from somewhere. From where? From a restaurant, but these days having a restaurant is not as lucrative as it used to be. People do not go there that much. This might not even change, but there is a concept of cloud kitchens.
Cloud kitchens are those kitchens which do not serve a restaurant, instead they serve only ordering and food deliveries. And that is a great space to be in, if we can create a rand which serves good food, has attractive pricing, has good packaging, then with very low investment we can create this entire business and make it into a startup which is completely tech-enabled and is there in the food delivery space.
Agri-Tech, another interesting space. Both are linked that is why combined them, Agri-Tech means how to manage food production, food delivery, food maintenance and food growth. Whatever the case maybe, organic farming is very interesting, many people want to eat pesticide free, chemical fertilizer free food and they do not find it easy to get it or it is insanely expensive.
So many people are making there own farms or renting farms. There is a startup like that which allows people to rent out farmlands in small pieces to grow their own food and they take care of everything, So we will literally rent a farmland, at very cheap rates and then go about telling that we need these vegetables and they will produce it for us, even deliver it our doorstep.
Similarly, food distribution a big pain area of India. So much food is harvested and it gets wasted because the storage is not good, transportation is not good, supply chain is not proven, so if we can do something in that area, that is a great space to be.
So startup idea number 3, Food and Agri-Tech.
4. Content and Content Curation
Content and Content Curation
Content has exploded.
We all know that the amount of Netflix we watched cumulatively in 2020, we had never done that before, whether it is Netflix, YouTube, or any such OTT, content is absolutely, completely invading our lives.
And based on this, content startup are becoming really successful, it is not about creating a content platform, because that is very difficult, creating a Youtube again is very difficult, but the content on Youtube, who is creating that?
People like me, who are individual creators, but many businesses and startups are producing content like a production house. They are doing a remarkable job, clinically. On the dot, every month, every week, a web series or a production which is doing really well. Content curation, something very interesting which could not be done earlier.
So much of content has been created that now people need a curation or a filtering mechanism.
If I ask you to tell me a way to file my income tax, then our first reaction would be, ‘Search on Google’. But when we search on Google, then we will see many web pages, everybody is selling something, so we do not know, which means there is actually business to be created, where we are giving a simple answer to the question asked by people and curating all the best content. So we are not creating the content ourself, but we are selecting the best content out of all that is available on the internet and giving it to people. And that will be enough for the people to pay for it.
There are so many brilliant videos on videos on Youtube on let’s say ‘How to save taxes’? then should I make a new video on How to save taxes. If anyone want full knowledge on saving taxes then my job as a startup would be to curate and select the best content on save taxes whether it is video or an article or a post or whatever, and give it to customers in a completely comprehensible fashion. And that is a business itself.
So startup idea number 4, Content and Content Curation.
5. Gaming
Gaming
Gaming has become, huge and I predict that in 2021, it will be even more huge. And gaming does not necessarily mean big and extravagant games, small and entertaining games can also become really huge. I have a lots of example. Games for children can become huge, for young adults is also a big industry, so gaming as an industry is extremely lucrative in 2021 as s startup idea.
Don’t think that for this, we will have to be a techie or have to spend a lot in game development because, yes, the best games cost a lot to create and take a lot of years to create, but as I said, think small and simple.
Which is the biggest game on India’s play store. Ludo, a game which you and me have played a lot in childhood but nobody thought that it will become that country’s biggest online game.
So startup idea number 5, Gaming.
Start simple, think simple.
What are the other business ideas which you think have a huge scope and can turn out to be a billion dollar unicorn?
