Top 10 Franchise Businesses Under 10 Lakhs To Invest in India in 2024

on Oct 26, 2023 | 35556 views

Written By: Shruti Agrawal

In the horizontal landscape of India's entrepreneurial spirit, one of the most formidable obstacles that budding business enthusiasts often encounter is the challenge of raising significant capital. The dream of owning and operating a business remains a daydream for many, primarily due to financial constraints. However, the concept of the top ten franchise businesses under INR 10 lakhs has emerged as a transformative force, democratizing the business landscape and making entrepreneurship more accessible than ever before.

In this era of economic growth and innovation, some ideas for the top ten franchise businesses under INR 10 lakhs offer an enticing opportunity for individuals to realize their entrepreneurial aspirations and secure a pathway to financial stability.

About Franchise Opportunities in India Under 10 Lakhs

India's franchise industry has witnessed remarkable growth, following the country's economic expansion. It has evolved into a dynamic ecosystem encompassing a wide range of sectors, from food and retail to education and services. These top ten franchise businesses under INR 10 lakhs, often backed by well-established brands, provide a unique opportunity for individuals to step into the world of business with a comparatively modest investment.

What makes these low-cost franchise businesses particularly appealing is their potential for earnings. While the initial investment is minimal, the scope for revenue generation is substantial. With the right strategy, dedication, and a customer-centric approach, these top 10 franchise businesses under INR 10 lakhs cannot only recoup the initial investment but also offer a steady stream of income and growth prospects.

The franchise business in India is growing rapidly, with a high growth rate and significant potential for job creation and contribution to the national GDP. Currently, the Indian franchise industry is valued at around INR 800 billion and is expected to touch USD 140–150 billion in the next five years. 

It is growing at a rate of 30–35% per annum, and it is predicted to contribute nearly 4–5% of the national GDP by the end of 2023. There are 4,600 active franchisors across all sectors and job creation is estimated to be around 1-1.5 million.

Let us explore the best franchise businesses To Start in 2024 under 10 lakhs

G-Fresh Mart is a retail chain that offers a wide range of daily food needs, including groceries, fruits, vegetables, and more. It is a massive online supermarket and grocery store business that is considered one of the best supermarket businesses in India.

G-Fresh Mart franchise offers a variety of supermarket franchise opportunities to suit different needs and budgets. One can create their grocery store as a G-Fresh Mart Supermarket.

It provides a great opportunity for those who want to start a business in the retail industry. It is a well-established brand with a proven track record of success, and it offers a wide range of products to cater to the daily needs of customers.

The investment for its franchise includes franchise fees, equipment, infrastructure, marketing, and capital. The preferred location for a unit franchise should be an easily approachable commercial mall or high street.

Investment Required: INR 10 lakhs (approx)

Founded on December 19, 1946, Amul is an Indian dairy company based in Anand, Gujarat, and is an acronym for the Gujarat Milk Marketing Federation. Amul brought the White Revolution to the country, which made it the largest producer of milk and milk products not just in the country but in the entire world, and it has since ventured into overseas markets.

It specializes in butter, yogurt, ice cream, and cheese made using milk from Indian buffalos, which lends a very specific flavor. It offers franchise opportunities for those interested in opening an Amul Parlour, which is an exclusive outlet that stores and sells the entire range of Amul products.

Investment required: INR 2 lakhs–6 lakhs

  • What-A-Sandwich

The brand started in 2013 and sells submarine sandwiches and salads with a desi touch. It includes a variety of vegetarian and non-vegetarian sandwiches and salads.

It offers franchise opportunities for those who want to operate in the food and beverage industry and are interested in a chain of fast-food restaurants. The franchise opportunity comes with zero royalty, zero rental, and zero salaries.

Investment Required: INR 5 lakhs–10 lakhs

  • Recruiting Hub

It's an AI-driven B2B online recruitment marketplace that connects employers and recruiters through AI and ML algorithms to fill vacancies faster and more efficiently. 

Numerous shrewd businesses use its online recruitment marketplace for hassle-free hiring, and renowned businesses all over the world rely on it. The platform offers a "hire now, pay later" scheme and a recruiter-on-demand bench hiring service. It also uses CV parsing technology, making it the fastest online medium to recruit talent.

It is a startup platform that lets individuals start their own recruitment business quickly and easily, providing full setup and support. The platform offers everything needed to launch, run, and grow a recruitment business, with founders building their businesses on RecruitHub because of its zero upfront costs or monthly fees.

Investment Required: INR 2 lakhs–5 lakhs

It is a healthcare services startup that brings the "Family Doctor Clinic" to the doorsteps of patients. The startup offers a range of healthcare services, including MBBS doctors, nursing, ambulance service, lab tests, and e-pharmacy, and provides 24/7 services.

It offers franchise opportunities for those interested in operating in the healthcare services industry and brings the "Family Doctor Clinic" to the doorsteps of patients.  Medical franchises can be quite profitable, and franchises in the medical industry are expected to continue growing in the coming years. 

Investment Required: INR 10 lakhs (approx)

  • Dava India

A part of Zota Healthcare Ltd. is Dava India, which offers a wide range of pharmaceutical, ayurvedic, and nutraceutical medicines. It is India's largest private generic pharmacy retail chain that provides high-quality generic medicines that save up to 90% on medical bills.

It also offers a range of skincare products, including the Khadi Anti Blemish Cream, which is an effective skin clarifying treatment that lightens blemishes, restores skin's appearance, and promotes healthy skin.

Its franchise opportunity comes with expert support, attractive margins, and a wide range of products.

Investment Required: >INR 6 lakhs

  • TinyBots

A company that offers activity-based learning workshops that impart practical knowledge to children. Its goal is to inspire children to learn by doing and to make them curious about science and math.  Here children will not only see amazing science demos but also do it all by themselves. Its curriculum is carefully designed to provide children with a fun and engaging learning experience and it covers a range of topics, including science, math, and STEM.

It is a great option for parents who want to provide their children with practical knowledge and hands-on learning experiences.

It's a great franchise opportunity for those interested in providing practical scientific knowledge to school kids. The franchise opportunity comes with a specially designed curriculum, technical training, and a proven business model.

Investment Required: >INR 1 lakhs

  • JanaJal

It's a brand by Supremus Developers, a private sector initiative that delivers safe drinking water using technology-based solutions in India. It provides clean water in public places at low costs with a dispensing capacity of up to 15000 liters.

It also provides clean water via mobile water ATMs for Delhi slum residents. The mobile water ATMs are remotely controlled and monitored, and they dispense water through a cashless payment system. It provides a mobile application that allows customers to seamlessly order, track, and monitor safe drinking water.

It offers franchise opportunities for those interested in becoming an operating partner. Becoming an operating partner is a way to become a social entrepreneur and provide a reliable means of livelihood while contributing to JanaJal's mission.

Investment Required: INR 3 lakhs–5 lakhs

  • Luman Industries Limited

Incorporated on March 18, 1986, and headquartered in Kolkata It is a privately owned company that manufactures filters, automotive components, lubricants, and non-asbestos brake lining/pads for trucks.

The company has more than 105 franchise outlets in the country and is looking for a franchisee who can match its vision with the company's and make a good business out of it.

Investment Required: INR 5 lakhs–10 lakhs

It's the flagship brand of S. K. Educations Pvt. Ltd., India's leading preschool education provider. They cater to the needs of parents who want to initiate the learning and overall development of their kids in the early years of their life. So, it is for children in the age group of 2 to 5 years and provides them with a nurturing and stimulating learning environment.

Currently, the play school has around 500–800 franchises in the country. The specific investment amount may vary depending on the location and other factors, and an area of approximately 1000 square feet is required for setting up the play school.

Investment is INR 5 lakhs to 10 lakhs.

In conclusion, 

The pursuit of entrepreneurship in India has never been more accessible and promising than through the avenue of franchising. With careful planning, dedication, and a customer-centric approach, these businesses can yield substantial returns on the initial investment.

What makes franchising especially appealing is the guidance and support provided by established brands. Furthermore, these franchise opportunities align with India's evolving consumer preferences and the growing demand for quality products and services.

In a nation celebrated for its entrepreneurial spirit, these franchise opportunities act as catalysts, enabling individuals to not only participate in the business landscape but also contribute to economic growth and job creation. They are pathways to financial stability, self-reliance, and the fulfillment of long-held aspirations.

While these franchise opportunities offer a cost-effective entry into the world of entrepreneurship, their ultimate success depends on the dedication and vision of the individuals behind them. Contact FranchiseBazar to learn about the latest franchise businesses in India under various investment packages. 

Disclaimer: The brands mentioned in this blog are the recommendations provided by the author. FranchiseBAZAR does not claim to work with these brands / represent them / or are associated with them in any manner. Investors and prospective franchisees are to do their own due diligence before investing in any franchise business at their own risk and discretion. FranchiseBAZAR or its Directors disclaim any liability or risks arising out of any transactions that may take place due to the information provided in this blog.

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