Sector Watch: Indian Fintech Industry | And Other News Headlines

India is the 3rd largest fintech ecosystem globally and in the last decade has emerged as a global FinTech superpower. India has the highest FinTech adoption rate globally at 87%. This is significantly higher than the global average of 64%.

Small Business Idea: Online Garage Sale

Photo by Andrea Piacquadio on Pexels.com

Hyperlocal ecommerce business model has now ensured the participation of brick and mortar stores and it seems to be the way forward ensuring express delivery and reduction in inventory costs. This is a small business idea for an online garage sale.

Startup Ideas and Execution

Photo by Andrea Piacquadio on Pexels.com

The number of start-ups in India is expected to grow from 3000+ in 2014 to more than 11,500 by 2020. From young graduates to experienced professionals and industry veterans, all are taking a plunge and scripting entrepreneurial success stories.

Startup Idea: Online platform for renting and sharing

Photo by Ketut Subiyanto on Pexels.com

While the idea of renting and sharing is gaining momentum, it is still not as convenient as buying online. There is a strong need for better accessibility, transparency, technology and innovation. In the last couple of years, several start-ups have come up with solutions to bring owners and renters together with the slogan – “Why Buy when you can Rent?”