India’s ecommerce market is growing at CAGR of 23%. According to a stat, Indian online shoppers spent an average of $224 in 2017, which was less than a tenth of what the average user spent online in the US at $2,237 in the same year. It shows how much potential India’s online ecommerce industry has, and starting an online business in India in 2019 or in the coming years will be profitable thing.
Here is the list of online businesses that you can start in India:
Online Food Ordering and Delivery: The online food delivery industry has grown unprecedentedly in India in the last 3-4 years. India’s online food ordering sector is growing at 15 percent every quarter. This growth has resulted in the increase of online orders on a daily basis, i.e. nearly 400,000 during September quarter (2017). Though Zomato and Swiggy have covered a lot of market in India still there are many cities and towns where Zomato, Swiggy, FoodPanda have no existence. So you can tap that market by starting an online food delivery business in your local city and town.
Online Cab Booking Business: Like the Zomato and Swiggy, the online can booking companies like Uber, Ola, etc. have no existence in many local cities and towns. So starting an online cab booking business is also a good thing to go.
Online Retail Marketplace: The success of multi sellers companies like Amazon, FlipKart, Myntra, etc. in India has not hidden from anyone. Accoding to a latest report, India’s e-commerce market, dominated by Flipkart Pvt. Ltd and Amazon.com Inc., can potentially grow more than fourfold to $150 billion by 2022, fuelled by rising incomes and a surge in internet users. So start a multi seller marketplace where different sellers of your region can register themselves for selling their products on your online store. You can earn the commission on each sale.