Published Jul 27, 2025 3 Min Read

Top 20 Business Ideas in Mumbai– Low Investment and High Profit Opportunities

 
 

Looking to explore your entrepreneurial potential in Mumbai? Choosing the right small business idea is the fundamental step to establishing a thriving venture in India’s financial and cultural capital.

Why is Mumbai ideal for business startups?

Mumbai provides an unparalleled ecosystem for growth due to:

  • Massive consumer base with high disposable income: From affluent suburbs to working professionals, demand spans food, services, fashion, and wellness sectors.
  • Global financial and investment hub: Its proximity to banks, NBFCs, incubators, and investors offers robust capital access.
  • Metropolitan connectivity: Efficient metro, road, air, and rail networks fuel commerce across the city and beyond.
  • Cultural diversity and trend adoption: The cosmopolitan populace is open to innovative business models and lifestyle products.
  • Vibrant startup environment: Tech and creative communities thrive in areas like Bandra, Andheri, and Lower Parel.

These strengths make Mumbai a top destination to launch and scale your business. Check your business loan eligibility to get started on the right financial footing.

Top 20 best business ideas in Mumbai

Discover top business ideas that align well with Mumbai’s market dynamics:

1. Food truck business

Operate mobile kitchens targeting corporate hubs, college campuses, and events. Benefit from low overhead, menu flexibility, and strong returns. Must obtain an FSSAI license following FSSAI guidelines.

2. Courier and delivery services

Address last-mile delivery needs for restaurants, e-commerce sellers, and businesses. Optimize routes in heavy traffic zones and partner with local shops or cloud kitchens.

3. Digital marketing agency

Serve Mumbai-based SMEs, startups, and personal brands with SEO, social media, influencer campaigns, and website development. These services align with rising online business ideas.

4. Home‑based catering business

Prepare and deliver home-style meals and snack boxes from your kitchen. Tap into gatherings, corporate orders, and niche diets via personal branding or platforms. Explore scaling opportunities in home based business ideas.

5. Freelance content writing

Offer writing services for blogs, e-commerce product descriptions, marketing agencies, and media platforms. Leverage Mumbai’s digital content market and native language proficiency.

6. Organic grocery store

Stock organic produce, health food items, and wellness products in premium residential localities. Appeal to health-conscious consumers' growing preference for clean, chemical-free foods.

7. Fitness and wellness centre

Set up boutique gyms, yoga studios, or wellness centres offering personalised or group training. Customise services for corporate employees, moms group, or urban fitness enthusiasts.

8. E‑commerce reselling

Resell niche product categories like fashion accessories, lifestyle goods, or artisanal crafts via online platforms. Scaling may require sourcing, inventory management, and an E‑commerce business loan.

9. Mobile repair shop

Offer affordable device repairs, phone accessories, and service plans. Situate near tech-savvy neighborhoods, college areas, or large residential complexes.

10. Pet care services

Offer grooming, boarding, or in-home pet-sitting services. Tap into Mumbai’s growing pet-owning population by partnering with vets and pet-product stores.

11. Travel agency

Design specialised travel itineraries, visa consults, and tour packages targeting leisure, corporate, or international travelers. Leverage Mumbai’s connectivity and business class traffic.

12. Event planning business

Manage weddings, corporate events, and product launches with creative themes, vendor coordination, and logistics in Mumbai’s high-energy environments.

13. Coaching classes

Provide exam preparation (CET, NEET, boards) or skill-based learning like digital marketing or coding. Offer evening or weekend formats to cater to working professionals or students.

14. Beauty salon and spa

Offer grooming, hair care, skincare, and relaxation services. Ideal in residential complexes or business districts. Start with a salon business plan.

15. Real estate brokerage

Assist property transactions in buying, selling, or leasing real estate. Cater to clients through digital marketing, property tours, and market insights. Consider entering the real estate business.

16. Social media influencing

Build brand collaborations in fashion, food, lifestyle, or travel through content creation and personal branding. Leverage Mumbai’s event-heavy and celebrity ecosystem.

17. Cloud kitchen

Operate delivery-only kitchens that serve through food aggregators or direct channels. Reduced rental costs and flexible menus. Ensure compliance through cloud kitchen license and operational setup via cloud kitchen.

18. Print‑on‑demand business

Offer customised merchandise like T‑shirts, mugs, phone cases without holding inventory. Focus on trending niche topics or corporate partnerships for growth.

19. Car rental services

Provide flexible vehicle rental solutions to residents, travelers, or corporate clients. Scale via fleet expansion or integration with travel apps.

20. Freelance photography

Offer photography services for events, product shoots, portraits, or social media content. Mumbai’s festivals, weddings, and media industry offer high visibility opportunities. Check your pre-approved business loan offer to help scale your services faster.

How to choose the right business idea in Mumbai?

  • Match your strengths and passion with local consumer needs and lifestyle trends
  • Conduct market research on competitor offerings, demand gaps, and pricing models
  • Draft a comprehensive business plan detailing capital needs, revenue streams, marketing channels, and growth roadmap

Legal requirements for starting a business in Mumbai

  • Choose an appropriate entity: sole proprietorship, partnership, LLP, or private limited company
  • Register for GST and obtain a GST certificate for compliance
  • Obtain your GSTIN before initiating financial transactions
  • Secure applicable permits or trade licenses depending on your business domain (e.g., food, logistics, real estate)
  • Follow labor laws if you employ staff—such as ESI, PF, and minimum wage compliance

Funding and investment options for Mumbai entrepreneurs

  • Fund early stages using personal savings or contributions from friends and family
  • Present your venture to angel investors or join Mumbai-based incubators and accelerators
  • Apply for government-backed MSME loans or startup grants available in Maharashtra
  • Compare different providers to find competitive business loan interest rate structures
  • For localised financing, check your eligibility for a business loan in Mumbai tailored to city-specific needs

Conclusion

Mumbai is a melting pot of commerce, culture, and innovation, making it ideal for various entrepreneurial ventures—from food services and wellness to tech and content. With the right business loan, careful planning, and strategic alignment with marketplace trends, your startup can thrive in India’s economic capital.

Frequently Asked Questions

What are the most profitable small business ideas in Mumbai?

Some of the most profitable small business ideas in Mumbai include:

  • Food truck business – Low overhead and high return potential in busy areas.
  • Digital marketing agency – High demand among local SMEs and startups.
  • E-commerce reselling – Leverages Mumbai’s urban consumer base.
  • Cloud kitchen – Cost-effective food business model with strong delivery demand.
  • Real estate brokerage – High commissions in Mumbai’s active property market.
  • Freelance photography – Profitable due to constant event and media needs.
Which business requires the lowest investment in Mumbai?

The lowest investment business ideas in Mumbai include:

  • Freelance content writing – Requires minimal equipment and no inventory.
  • Social media influencing – Low startup cost if you already have a smartphone and internet.
  • Mobile repair shop – Basic tools and a small space are sufficient to start.
  • Freelance photography – Can begin with entry-level equipment and scale later.
  • Home-based catering – Utilises existing kitchen setup and local sourcing.
Which business has the highest demand in Mumbai in 2025?

Based on market trends and the city's evolving landscape, these businesses have high demand in 2025:

  • Cloud kitchen – Strong growth due to the increase in online food delivery.
  • Courier and delivery services – Driven by rising e-commerce and hyperlocal delivery needs.
  • Fitness and wellness centres – Health-conscious urban population fuels growth.
  • Digital marketing agencies – Growing need for online presence among businesses.
  • Pet care services – Increase in pet ownership among urban dwellers.
What are the legal requirements for businesses in Mumbai?

Legal requirements for starting a business in Mumbai include:

  • Entity registration: Choose and register a suitable structure (sole proprietorship, LLP, Pvt Ltd, etc.).
  • GST registration: Mandatory for businesses above the threshold turnover. Get a valid GST certificate.
  • GSTIN: Obtain your GSTIN before conducting financial transactions.
  • Licenses and permits: Depending on your business type—FSSAI for food, trade licenses for retail, etc.
  • Labor law compliance: If employing staff, adhere to ESI, PF, and minimum wage norms.
Show More Show Less

Bajaj Finserv App for All Your Financial Needs and Goals

Trusted by 50 million+ customers in India, Bajaj Finserv App is a one-stop solution for all your financial needs and goals.

You can use the Bajaj Finserv App to:

  • Apply for loans online, such as Instant Personal Loan, Home Loan, Business Loan, Gold Loan, and more.
  • Explore and apply for co-branded credit cards online.
  • Invest in fixed deposits and mutual funds on the app.
  • Choose from multiple insurance for your health, motor and even pocket insurance, from various insurance providers.
  • Pay and manage your bills and recharges using the BBPS platform. Use Bajaj Pay and Bajaj Wallet for quick and simple money transfers and transactions.
  • Apply for Insta EMI Card and get a pre-approved limit on the app. Explore over 1 million products on the app that can be purchased from a partner store on Easy EMIs.
  • Shop from over 100+ brand partners that offer a diverse range of products and services.
  • Use specialised tools like EMI calculators, SIP Calculators
  • Check your credit score, download loan statements, and even get quick customer support—all on the app.

Download the Bajaj Finserv App today and experience the convenience of managing your finances on one app.

Disclaimer

1. Bajaj Finance Limited (“BFL”) is a Non-Banking Finance Company (NBFC) and Prepaid Payment Instrument Issuer offering financial services viz., loans, deposits, Bajaj Pay Wallet, Bajaj Pay UPI, bill payments and third-party wealth management products. The details mentioned in the respective product/ service document shall prevail in case of any inconsistency with respect to the information referring to BFL products and services on this page.

2. All other information, such as, the images, facts, statistics etc. (“information”) that are in addition to the details mentioned in the BFL’s product/ service document and which are being displayed on this page only depicts the summary of the information sourced from the public domain. The said information is neither owned by BFL nor it is to the exclusive knowledge of BFL. There may be inadvertent inaccuracies or typographical errors or delays in updating the said information. Hence, users are advised to independently exercise diligence by verifying complete information, including by consulting experts, if any. Users shall be the sole owner of the decision taken, if any, about suitability of the same.

Do more with the Bajaj Finserv App!

UPI, Wallet, Loans, Investments, Cards, Shopping and more