India is witnessing a significant surge in startup ventures and the trend was accelerated from 2020 with the popularity of a couple of entrepreneurial shows such as ‘Shark Tank India.’ The cultural shift has inspired a plethora of individuals and especially women to start their own business journeys. India Brand Equity Foundation (IBEF) reveals about 20.37% of Indian women now own Micro, Small and Medium Enterprises (MSMEs) and this is 23.3% of the labor force. The data further highlights remarkable rise of women entrepreneurs in the country. Below are five unique startup ideas for women to consider in 2024.
Healthcare Professionals
Healthcare sector is immune to recession. It is evolving constantly and offering several opportunities for startups. The focus on health and wellness has intensified after the pandemic. Women entrepreneurs can capitalize on the trend and can start with fitness centers, yoga and meditation studios, gyms, or Zumba classes.
Food and Beverage Sector
The food and beverage industry is vibrant. It has full of potential. Women entrepreneurs can explore avenues like opening Instagrammable café, bakery, cloud kitchen, restaurant or food truck. Home-based catering services are also an excellent option and one can start small with it.
Beauty Care Centres
Self-care is now a necessity and not luxury. Hence, a good demand exists for beauty and wellness services. Women entrepreneurs can excel in the domain and can launch spa or salon centers. They can start with bridal makeup studios or specialized nail art studios too.
Art and Handicrafts
Women with artistic talents and an interest in handicrafts can start a profitable business. The market for handmade products is on the rise. Consumers are seeking unique and personalized items. Entrepreneurs can sell handmade jewelry, beadworks, art pieces and other such crafts. The products can be sold in platforms like Etsy and Instagram.
Wedding Planning
Weddings are monumental events in the lives of people. Hence, there is a constant demand for skilled wedding planners. Women having good management and organizational skills can excel in the field. They can handle works from planning and coordinating to executing the perfect wedding. Wedding industry is lucrative and provides ample opportunities for those who can deliver memorable experiences.
