Today we are discussing the top startup businesses that have higher chances of growth following the Covid-19 pandemic. Before that, we should understand the dynamics of the pandemic.
The world is not going to be similar to as it was before 2020. We’ve learned that there we’ve to live with the Covid-19 virus and their variants at least for the next decade if not longer.
Therefore, the list below is not exhaustive, and many more startup businesses are already riding the wave of opportunities created by the pandemic fallout.
Let’s have a look.
The SaaS model is one of the world’s best business models. It has changed the business ecosystem in terms of both software delivery and the business model itself. In the last decade or two, the industry has expanded dramatically. According to a Virayo Study, more than 80% of organizations product form of SaaS product.
People can get a powerful online tool for a regular monthly cost. SaaS businesses benefit from recurring revenue and can introduce new features as soon as they are available.
SaaS programs are typically available via a web interface and desktop and mobile apps and run in the cloud (as needed).
Any SaaS business model goes through three distinct stages:
Startup:
The process of developing and marketing a working product to new clients.
Hypergrowth:
Excessive growth as a result of customer adoption of a product. To accommodate user accounts, this level demands data expansion, bandwidth, and a variety of technicalities. Many SaaS businesses fail as a result of their inability to handle hypergrowth.
Stability:
At that stage, your SaaS business model has achieved a plateau. You’re making a good profit, acquiring new customers quickly, and coping with turnover.
For a complete understanding of the SaaS business model, follow this Link.
Microsoft (Office 365), Adobe Creative Cloud, Amazon Web Services, Google G-Suite, and Shopify are a few of the big firms that use SaaS.
Freshworks (India), Stripe (USA), Zapier MindTickle (India), Postman (India), ChargeBee (India), Airtable (USA), Amplitude (USA), Automation Anywhere (USA), Calendly (USA), Celonis (Germany), Divvy (USA), Flexport (USA) and Plume Design (USA).
For the convenience of operating in global market, most of the Indian startups have their base in the USA.
Education Technology (EdTech)
When schools and educational institutions cannot function, online education, tutoring, and web courses have emerged as a necessity. The online education sector is seeing a dramatic boom. People from all walks of life, from all COVID-19 impacted countries, are looking for alternatives to traditional teaching and learning.
People are reluctant to send their children to locations where social distance cannot be performed. Thus, the EdTech sector is reaching out to every conceivable institution. Also, which is more convenient, comprehensive, and long-term until we discover a permanent treatment for the COVID-19 pandemic?
Creating and delivering educational courses online has two major advantages. Many of the world’s top startup businesses are built around education technolgy.
Benefits
1. Students can study the courses at home.
2. All students can’t learn new things at the same speed. Some learn faster, some slower. In a classroom environment, the quick learners can keep pace with the instructors. The slow learners lose their flow and often fail the tests. Since the lessons are available on-demand, all students can learn at their own pace.
3. Students can go back and refresh the learnings at will. That’s not possible when you attend classrooms.
Some of the unicorn startups in EdTech business
BYJU’s (India), Eruditus (India), Upgrad (India), VIPKid (China), Changingedu (China), Huohua Siwei (China), Duolingo (USA), Udemy (USA), Udacity (USA), Unacademy (India),
With a global health emergency at hand, there is an immense potential for the health and wellness sector. During the pandemic, the health and wellness industry became a critical and much-needed support mechanism. Experts say that this industry is well on its way to becoming one of the most significant future growth prospects.
People facing the urgent prospect of immune deficiency paranoia are eager to try anything that would keep them healthy and active. Furthermore, numerous government advisors worldwide are encouraging such things, which is uncalled-for publicity if nothing else. Moreover, the demand for such items has risen so dramatically that the existing businesses are already bursting at their seams.
Lenskart (India), Calm (USA), Devoted Health (USA), Hinge Health (USA), Modern Health (USA), orCam Technologies (Israel), and Pharmapacks (USA).
There are not many Indian companies (excepting Lenskart) in the unicorn startup level till now. However, well into 2021, we see a number of Indian startups going to make the mark soon.
All of them show surprising simplicity and smart innovation into their niche strategy at low cost. The signature of Indian pragmatic approach is evident there.
LiveHealth, Lybrate, Niramai, Practo, MUrgency, Portea, Advancells, Forus Health, AddressHealth, and Mitra Biotech.
A cloud kitchen is a restaurant that only serves food as takeaways. There is no actual dining area; everything is done online. Everything may be done digitally, from placing orders to have them delivered to your home or office.
Cloud kitchens are ideal for folks who do not have access to a nearby restaurant. Furthermore, individuals do not want to go out to eat when there is a more cost-effective and time-saving alternative. They only need to pick up their phone, select an appropriate cloud kitchen, and place an order. The segment is going to grow even after the pandemic.
As a potential investor, you must be interested in locating the greatest startup investment prospects.
Faasos, Box8, The Bohri Kitchen, Twigly, Behrouz Biryani.
The niche business is growing fast and we hope to see some unicorn startups in this field soon.
India is perhaps the most attractive destination for big budget weddings. People including top celebrities from all over the world come here to have a super memorable wedding for themselves. Indian billionaires also consider wedding events to show their love and affection to their sons and daughters in lavish ways.
Statistics show that an average Indian spends more than 20% of his lifetime earnings on a wedding. With each passing year, the scale of the wedding is growing. People don’t hesitate to make it as opulent and spectacular as possible.
Therefore, the wedding industry offers endless opportunities to startups. Right from matchmaking services to wedding planning and execution,
Every year, around 10 million weddings take place in India. According to many analysts, this suggests that the worldwide Indian wedding sector is recession-proof (Source: Business Insider).
Not many current statistics of the market size of the wedding industry is available. A KPMG study of 2017 showed that the Indian wedding industry was worth $50 billion and is still growing. That was second to only the USA, having a market of $70 billion.
WedMeGood, Weddingplz, Shaadisaga, Shaadimagic, FullOnWedding, ForMyShaadi, The Wedding Brigate, PlanningWale, and Shaadilogy.
All of the above startup industries need hefty investments. If you wish to launch a profitable start up on bootstraps, I can suggest the following. For more ideas, you can contact me following the link at the end of this article.
The name itself indicates the type of business you intend to launch. This business is associated with the real estate market, and it is more profitable in nations such as India.
Home is a symbol of social prestige, and everyone wants to build their own home that is distinctive.
As a result, because it involves imagination and abilities, establishing this business has the potential to expand in the market.
You don’t need a lot of money to start this business. Simply set up a website, a Facebook page, and a Twitter account for marketing purposes.
Even during the pandemic, the real estate business is growing steadily. Watch the number of TV ads promoting TMT steel bars, cement, paint, curtains, carpets and other items related to the housing industry.
You can start the business from home.
Security is the most vital feature for everyone, whether it is for their houses, vehicles, or anything else.
You can begin selling home security items such as CCTV, burglar alarm systems, and fire alarm systems, among others.
There are numerous DIY project manuals available on the Internet. Following those you can create your own to test in your own home (or) the region you want to protect.
If it is a success, prepare to create a successful business by producing more products and selling them on the market.
To become a legal seller, register a company with the government and apply for patent rights. Otherwise, if you are having difficulty, you can begin selling other brand products.
Start by
establishing a showroom and printing some pamphlets.
Collaborate with leading brands to obtain products at wholesale pricing. Then sell with a profit margin.
Though it’s a little difficult to comprehend, beginning this business is one of the top business ideas.
It is the process of employing a client database for direct marketing. You generate individualized communication with them depending on their age group, category, etc.
You don’t need to send bulk emails to all consumers in the database. Rather develop a segmented email based on age, category, and interest and send them a tailored email.
That marketing technique will generate more leads for the firm for which you work. This little startup business is already well-established in industrialized countries like the USA and the UK.
Developing countries such as India have one of the world’s largest markets of databases. You can quickly make a lot of money if you start this business.
In this period, internet technology was the backbone of every new and existing firm. Let’s start with some startup business ideas in this industry.
The internet and social media have controlled the advertising and communication industries. As a result, establishing a small digital marketing agency is an excellent option.
Work for a company at first to gain experience and learn their strategies. Then you can start your own business.
Develop your knowledge of social media marketing platforms such as Facebook and LinkedIn to help your client’s brand flourish.
All you need to do is bring a new idea (or design one that is distinct from existing ones). Then you can approach businesses in your neighborhood.
Show them your pricing and promotion approach, as well as how it will affect their business growth.
You’re ready to go after everything checks out.
Every economy relies on the logistics business. The emergence of e-commerce websites in India enabled logistics companies to extend their operations and expand into new markets by leveraging technology. That helped them strengthen current supply chain solutions and address holes in India’s otherwise fragmented and unstructured logistics industry.
In 2019, the Indian logistics sector was worth $160 billion. If current growth rates continue, the Indian logistics industry might reach $250 billion by 2025.
The E-commerce business has been digitalized and is developing considerably faster due to the rapid development of the Internet and smartphones.
Many famous firms, including Amazon, Flipkart, Snapdeal, and other online shopping platforms, have difficulty delivering goods.
As a result, they outsource this department to private companies such as Bluedart, ST Courier, and Professional Couriers.
The trend indicates that the Logistics Business is a strong startup concept because it has a good potential for growth.
According to a 2018 study, India is ranked 44 on the LPI (Logistics Performance Index). Here is a list of the top startup businesses of Logistics in India in 2019, helping India’s ranking as they grow.
eKart Logistics, DelhiVary, EcomExpress, Rivigo, ShiftKardo, Edgistify, Shadowfax, Ninjacart, Xpressbees, and LetsTransport.
To summarize, the majority of us face a dismal future. Economic growth is unclear, and widespread unemployment looms in the following quarters, but not for the above sectors and industries. Even in the darkest of skies, these would shine brightly. After the storm has passed, these will emerge as the industry and knowledge leaders to behold.
To summarize, the majority of us face a dismal future. Economic growth is unclear, and widespread unemployment looms in the following quarters, but not for the above sectors and industries. Even in the darkest of skies, these would shine brightly. After the storm has passed, these will emerge as the industry and knowledge leaders to behold.
Hope you’ve got some insights into some of the top startup businesses to launch during the pandemic and beyond. Hope you’ve got some insights into some of the top startup businesses to launch during the pandemic and beyond.
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