Top 15 Most Profitable Startup Ideas In Odisha With Low Investment | New Small Business Ideas In Odisha

 Odisha is one of the beautiful states that welcomes a huge number of investors. Odisha has very minimal operating costs for startups and small businesses when compared to a few other states. A person who owns a small business in Odisha enjoys a lot of advantages here like Financial independence, living a desired lifestyle, and many more.

Whether you are a local or an outsider who wants to start a business in Odisha. This list of best startup ideas in Odisha will help you to find one for you.

List of Top 15 Most Profitable Startup Ideas in Kerala:

1. Online grocery delivery service

With more and more people turning to online shopping, an online grocery delivery service could be a profitable startup in Odisha. This business would involve partnering with local grocery stores and supermarkets to offer delivery to customers who place orders online or through a mobile app.

• An online grocery delivery service involves partnering with local grocery stores and supermarkets to offer delivery of groceries to customers who place orders online or through a mobile app. 
• This is a good startup idea because it allows customers to shop for groceries from the comfort of their own home, and it can be a convenient option for people who have busy schedules or mobility issues.

2. Home delivery service for local restaurants

With the rise of food delivery apps, a home delivery service for local restaurants could be a good startup idea in Odisha. This business would involve partnering with restaurants to offer delivery of their food to customers who place orders online or through a mobile app.

• A home delivery service for local restaurants involves partnering with restaurants to offer delivery of their food to customers who place orders online or through a mobile app. 
• This is a good startup idea because it allows people to enjoy their favorite restaurant meals at home, and it can be a convenient option for people who don't have the time or inclination to go out to eat.

3. Health and wellness center

With the increasing awareness about health and wellness, a health and wellness center could be a good startup idea in Odisha. This business could offer a range of services, such as gym memberships, yoga classes, and personal training sessions.

• A health and wellness center is a business that offers a range of services related to health and wellness, such as gym memberships, yoga classes, and personal training sessions. 
• This is a good startup idea because there is a growing demand for health and wellness services, and people are increasingly willing to pay for these services to improve their physical and mental well-being.

4. Agricultural products processing and export

Odisha is known for its rich agriculture, so a startup that processes and exports agricultural products could be a profitable venture. This business would involve partnering with local farmers to source raw materials and then processing and exporting the finished products to other states or countries.

• A startup that processes and exports agricultural products involves partnering with local farmers to source raw materials and then processing and exporting the finished products to other states or countries. 
• This is a good startup idea because it allows the company to take advantage of the abundant agricultural resources in Odisha, and it can provide a valuable service to farmers by helping them to sell their products in new markets.

5. Real estate agency

The real estate market is always in demand, so a real estate agency could be a good startup idea in Odisha. This business would involve helping people buy, sell, and rent properties in the local area.

• A real estate agency is a business that helps people buy, sell, and rent properties in a local area. 
• This is a good startup idea because the real estate market is always in demand, and there is a need for professionals who can help people navigate the process of buying, selling, or renting properties.

6. Educational technology platform

With the increasing use of technology in education, an educational technology platform could be a good startup idea in Odisha. This business could offer online courses, tutoring, or educational resources to students and teachers.

• An educational technology platform is a business that offers online courses, tutoring, or educational resources to students and teachers. 
• This is a good startup idea because there is a growing demand for technology-based educational resources, and this type of platform can provide a convenient and cost-effective way for students and teachers to access educational materials and services.

7. Mobile app development company

As more and more businesses and organizations turn to mobile apps to reach their customers, a mobile app development company could be a profitable startup in Odisha. This business would involve designing and building custom mobile apps for clients.

• A mobile app development company is a business that designs and builds custom mobile apps for clients. 
• This is a good startup idea because more and more businesses and organizations are turning to mobile apps to reach their customers, and there is a need for professionals who can create high-quality apps that meet the needs of these organizations.

8. Event planning and management service

With the increasing demand for events such as weddings, corporate functions, and parties, an event planning and management service could be a good startup idea in Odisha. This business would involve helping clients plan and execute events from start to finish.

• An event planning and management service is a business that helps clients plan and execute events such as weddings, corporate functions, and parties. 
• This is a good startup idea because there is a growing demand for events, and people are increasingly willing to pay for professional services to help them plan and execute successful events.

9. Renewable energy company

With the increasing focus on sustainability and the environment, a renewable energy company could be a good startup idea in Odisha. This business could offer products and services related to renewable energy sources such as solar and wind power.

• A renewable energy company is a business that offers products and services related to renewable energy sources such as solar and wind power. 
• This is a good startup idea because there is a growing focus on sustainability and the environment, and people are increasingly interested in using renewable energy sources to power their homes and businesses.

10. Interior design and home decor service

With the increasing focus on home design and decor, an interior design and home decor service could be a good startup idea in Odisha. This business would involve helping clients design and furnish their homes and commercial spaces.

• An interior design and home decor service is a business that helps clients design and furnish their homes and commercial spaces. 
• This is a good startup idea because there is a growing focus on home design and decor, and people are increasingly willing to pay for professional services to help them create a stylish and functional living or working interior.

11. E-commerce platform for local artisans and handicrafts

Odisha is known for its rich tradition of art and handicrafts, so an e-commerce platform that showcases and sells the work of local artisans could be a good startup idea. This business would involve partnering with artisans and handicrafts makers to sell their products online.

• An e-commerce platform for local artisans and handicrafts is a business that partners with artisans and handicrafts makers in Odisha to sell their products online. 
• This is a good startup idea because it allows the company to take advantage of the rich tradition of art and handicrafts in the region, and it provides a valuable service to artisans by helping them to reach new customers.

12. Mobile car washing and detailing service

With the increasing demand for convenience, a mobile car washing and detailing service could be a good startup idea in Odisha. This business would involve offering car washing and detailing services at the customer's location, using mobile units or vans.

• A mobile car washing and detailing service is a business that offers car washing and detailing
  services at the customer's location, using mobile units or vans. 
• This is a good startup idea because it allows the company to offer a convenient service to customers, and it can be a profitable business in a market where people are willing to pay for high-quality car care services.

13. Co-working space

With the rise of freelancers and remote work, a co-working space could be a good startup idea in Odisha. This business would involve providing a shared workspace for people to use on a flexible basis.

• A co-working space is a shared workspace that people can use on a flexible basis. 
• This is a good startup idea because there is a growing trend towards freelancing and remote work, and co-working spaces provide a convenient and cost-effective alternative to traditional office spaces.

14. Online tutoring platform

• An online tutoring platform is a business that offers tutoring services online, using video conferencing or other technology. 
• This is a good startup idea because it allows the company to offer a convenient and flexible service to students and parents, and it can be a profitable business in a market where there is a demand for high-quality tutoring services.

15. Waste management and recycling company

A waste management and recycling company is a business that helps to collect, process, and recycle waste materials. 

• This is a good startup idea because it allows the company to take advantage of the growing trend towards sustainability and environmental responsibility, and it provides a valuable service to businesses and individuals by helping them to dispose of waste materials in an environmentally responsible manner.

Key factors to keep in mind before starting a business or startup in odisha:

There are several key factors that you should consider before starting a business or startup in Odisha:

• Market research: It's important to thoroughly research the local market and determine if there is a need for your product or service. This includes identifying your target customers, understanding their needs and preferences, and analyzing the competition.
• Business plan: Developing a detailed business plan is crucial for the success of your startup. Your business plan should outline your goals, target market, marketing and sales strategy, financial projections, and operational plans.
• Funding: You'll need to determine how you will finance your startup. This may involve seeking investment from venture capitalists, applying for a small business loan, or using your own savings.
• Legal considerations: Make sure you understand the legal requirements for starting and operating a business in Odisha, including obtaining any necessary licenses and permits.
• Location: Choose a location for your business that is convenient for your customers and meets your operational needs.
• Talent: Hire the right team of employees to help you grow your business. This includes finding skilled professionals with the relevant experience and expertise.
• Networking: Building a network of contacts and connections can be beneficial for your startup. This includes networking with other local businesses, industry experts, and potential customers.
• Marketing and branding: Develop a strong marketing and branding strategy to help you stand out in the market and attract customers. This includes establishing a strong online presence, utilizing social media, and creating a cohesive brand identity.

FAQ'S

Here are some frequently asked questions about starting a business in Odisha:

1. What is the process for starting a business in Odisha?

The process for starting a business in Odisha generally involves the following steps:

• Choose a business structure (sole proprietorship, partnership, limited liability company, etc.)
• Register your business with the state government
• Obtain any necessary licenses and permits
• Open a business bank account
• Set up your business location
• Hire employees (if applicable)

2. What are the legal requirements for starting a business in Odisha?

The legal requirements for starting a business in Odisha may vary depending on the type of business you are starting and the location of your business. Some common legal requirements include obtaining a business license, registering your business with the state government, and obtaining any necessary permits.

3. What are the tax considerations for starting a business in Odisha?

The tax considerations for starting a business in Odisha may vary depending on the type of business you are starting and your business structure. Some common tax considerations include registering for state and federal taxes, obtaining a tax identification number, and understanding your tax obligations as a business owner.

4. How can I find funding for my startup in Odisha?

There are several options for finding funding for your startup in Odisha, including seeking investment from venture capitalists, applying for a small business loan, and using your own savings. You may also be able to access grants or other funding opportunities through local government programs or non-profit organizations.

5. How can I find resources and support for my startup in Odisha?

There are several resources and support networks available for startups in Odisha, including local business development centers, entrepreneur networks, and incubators and accelerators. You can also seek advice and guidance from industry experts and mentors, or join a local startup community to connect with other entrepreneurs.

Conclusion:

Starting a business in Odisha can be a rewarding and exciting endeavor, but it's important to be well-prepared and to carefully consider all the factors that can impact the success of your startup. This includes conducting thorough market research, developing a solid business plan, securing funding, and understanding the legal requirements and tax considerations for your business. There are also a wide range of resources and support networks available to help you navigate the process of starting and growing your business in Odisha. By carefully considering all of these factors, you can set your startup up for success and achieve your business goals.