Pune, often referred to as the “Oxford of East India”, presents a vast opportunity for startup ideas. It’s geographical proximity to Mumbai, overwhelming sources of talent make it an amazing place for growing businesses. So, if you are planning to set up your own business, here are top 10 business Ideas in Pune, which you can thrive in.
Plant Nursery
Be it someone’s personal space or decorating venues for different kinds of events, flowers and plants have always been trendy.
Before kickstarting the business, you need to look out for ample space, target your buyers and definitely scale the competition.
Places in Pune like Hinjewadi, Kothrud, and Wagholi rent out places which can be ideal for the set up and also close to residential complexes. For pesticides, seeds, saplings and other necessities, local suppliers and partners near Nashik and satara are available.
For marketing strategy, you can create a profile in Instagram, make attractive posts. Distribute flyers around the city, participate in local events, allow discounts for buyers who keep visiting your store.
Revenue Streams
- Plant Sales: ₹5-15 Lakhs per month
- Workshops and Classes: ₹50,000-2 Lakhs per month
- Bulk Orders and Partnerships: ₹3-10 Lakhs per month
With growing demands of touch of nature both indoors and outdoors, tis business flourishing. Since the flower market of Pune in not overtly saturated yet, there is huge scope to pan this business out.
Yoga classes
The growing concern in fitness in people among all ages, yoga has become a part of the fitness trend. Not only for physical fitness, people have been indulging themselves in yoga practice for stress relief and overall well-being.
The initial steps in this business start with finding a space. Places like Koregaon Park, Kalyani Nagar, or Viman Nagar rent such places where you will get an open space with fresh air, natural light and proper ventilation.
You also need to provide yoga mats, props like blocks and straps, and ensure that you have a calming interior design. You avail these from wholesale suppliers in Shivaji Nagar.
To make your business legal, apply for permissions in Pune Municipal corporation. Hire professionals to secure safety of your clients.
For making your business a real eye-catcher, the process is pretty similar for all other businesses. Creating a social media page, gaining trust of clients, distribute flyers, flexible sessions, special offers for loyal clients.
Revenue potential:
Yoga Studio: ₹24 Lakhs – ₹72 Lakhs.
Online Classes and Corporate Yoga: ₹15 Lakhs – ₹50 Lakhs
Street food joint
Pune’s love for food is really ecstatic. From authentic pavs to innovative chaats, food joints in Pune are never a failure.
To begin with, choose a place for stall near educational institutions, coaching centers and offices. Famous areas include Fergusson College or Symbiosis, MG Road, Laxmi Road, Kharadi, Hinjewad.
Decide on the food you want to offer. You can serve Marathi Street foods like Misal pav, Pav bhaji, Pani puri or chats like bhelpuri, chole bhature or Chinese as well.
A vendor’s license and FSSAI license are a must. Supplies are available in the markets of Shivaji Road, Tulsi Baug. If you don’t have budget for publicity, word of mouth can be of help. Distribute attractive flyers among students, arrange attractive combos for the meals.
Revenue Potential
- Daily Sales: ₹4,000-₹15,000
- Monthly Sales: ₹1.2 Lakhs – ₹4.5 Lakhs.
- Annual Revenue: ₹12 Lakhs to ₹50 Lakhs.
Co-working space
Pune is filled with startups and freelancers, so co-workings places are always in demand. The space must have organized rooms for meetings, abundant desks and high-speed internet.
For primary set-up, you will need partner up with new investors, local cyber hubs, firms who wish to grow their business and looking for a space. To attract new businesses, you can offer discounts.
For furniture and tech support vendors from Baner or Pimpri-Chinchwad are a wise choice.
Revenue Potential
- Monthly: ₹4-8 Lakhs.
- Annual: ₹48 Lakhs – ₹96 Lakhs.
With increase in startup businesses in and around Pune, co working spaces with low overhead and recurring membership are attractive business. In future, buying out multiple places for expansion of business or spaces for women can be approached.
Home automation business
Our lives are extremely technology dependent and as time goes on it is almost as necessary as it gets. From installing surveillance cameras, automatic sensor lights or home theatres, Punekars need to have it all in their personal and professional space.
To grow your business, you will need highly qualified technicians. Create a website for your business, you can also use google ads for promotion. For equipment, Mumbai markets are reliable although choose carefully and you must do quality checks.
Revenue Potential
- Monthly: ₹4-7 Lakhs.
- Annual: ₹48 Lakhs – ₹84 Lakhs.
Living in smart homes are a dream for people who can afford it and this business helps to do that. Expanding into full-fledged IoT solutions for businesses and homes can be a promising future scope.
Cafés
Cafes don’t really need to have age boundaries but GenZs in Pune do always seek out such places where they can spend quality time over some really good food in affordable prices.
Choose a crowded lane for people to notice you such as in Koregaon Park, Viman Nagar, or Baner, bring in various specialties in your beverages and choose a unique and attractive theme to draw people in.
Give away special offers on special days like World Coffee Day, might as well celebrate birthdays of customers.
For high quality coffee beans, coffee estates of Coorg, Chikmagalur are a good idea but local suppliers are also preferred. For bakery goods and dairy products, local markets of Pune are sufficient.
A well-established cafe in Pune can generate annual revenue between ₹36 Lakhs and ₹1.2 Crore.
Personalised gift shop
For birthdays, anniversaries or weddings, people nowadays mostly prefer customized gifts so it is a great business idea.
You can hire a place for your shop or start your business on online. Arrange for customized coffee mugs, pillow covers, t-shirts, photo frames and many more.
For art supplies and printing, contact any local printing shop. Collaborate with wedding planners and event managers to grow your business. Create a social media page for your items and publish SEO optimized content.
Present offers and discounts on Valentine’s Day, Diwali and Christmas.
Monthly Revenue: ₹1-5 Lakhs, depending on the footfall and online sales.
Annual Revenue: ₹12-60 Lakhs, with seasonal spikes.
Personalized gifts are always in demand if you can make your place in the market. To grow your business further, arrange for organic or plant-based gifts, open branches in popular corners of the city.
Coaching Centre
Pune is an educational hub with so many schools, colleges and universities itself in the city. So, opening a coaching centre with provides quality courses for exams like NEET, IIT-JEE, CAT, UPSC is a really good idea.
It will be better to choose a place in and around educational hubs like Kothrud, Viman Nagar, or Deccan Gymkhana. Hire qualified teachers for delivering the courses.
For marketing, use billboards to advertise your institution. Offer free demo courses online for students, offers discounts for repeaters and people who refer you.
Monthly Revenue: ₹2-8 Lakhs depending on student enrolment.
Annual Revenue: ₹24-96 Lakhs, with peak enrolment before exam seasons.
Pune is a rising city with young minds eager for a better life and really there is no better way towards it but education.
In future, you can provide crash courses for government exams, hire more tutors to open other branches in the city.
Beauty and Spa
Who doesn’t want to look beautiful and desirable and especially in an urban city like Pune? Opening a spa centre is a profitable idea in this city.
Select a place near Koregaon Park, Baner, or Kalyani Nagar which are busier parts of Pune and the footfall will be more. Hire professionals with valid certificates. Offer various treatments like pedicure, manicure, haircuts, body spa all under one roof.
Partner with influencers to promote your business. Offer discounts initially for repetitive clients. Have integrated packages for full body grooming.
Monthly Revenue: ₹4-12 Lakhs, based on the location and services offered.
Annual Revenue: ₹48 Lakhs to ₹1.4 Crores
This business always flourishes since people nowadays are very concerned about their beauty and health. For future plans, offer bridal makeups, advanced skincare treatments and open multiple branches across the city.
Tours and Travels
Opening a travel business in Pune is a fantastic idea for a start given the city’s close proximity to popular destinations like Lonavala, Mahabaleshwar, Goa and the Mumbai city itself.
Register your business, tie up with bus services, hotels, airlines and tour operators to structure the types of tour you want to offer, leisure tours (domestic and international) or corporate travel management.
To promote your business, partner up with travel vloggers, create a social page and itineraries that are attractive to people’s eyes.
Monthly Revenue: ₹2-10 Lakhs, depending on the number of clients and tours organized.
Annual Revenue: ₹24 Lakhs to ₹1.2 Crore
After the pandemic, people are more prone towards going out and spending a holiday away from their homes. So, this business is in our top 10 list.
For future growth, collaborate with corporate offices or residencies to plan bigger tours. Start online booking methods, arrange for specially customised pilgrimage tours or luxury tours.
Mixed with business and flavours of Punekars, here are some ways how you can kickstart your business career in several sectors of the society. Hoping this helps you out and clears your prospects. Happy journey!!