TRENDS
The cyber route to making money
Many Indian businesses are going online nowadays and setting up low-cost, quick-buck business ventures. Some entrepreneurs who have spotted such opportunities have become 'online' entrepreneurs by investing around Rs 1.5 million (US$ 30,357)- Rs 2 million (US$ 40,474). Rishad Mehta's Foodzig.com portal was conceived in August of 2011, his venture has delivered 1,000-1,800 orders in the past six months. Importantly, Foodzig.com reached the break-even point last month.
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The inborn ability to nurture children is driving women in Gujarat to the business of grooming toddlers. Close to 80 per cent of the pre-school franchisees in the state are run by women entrepreneurs. Investing anything between Rs 300,000 (US$ 6,069) and Rs 800,000 (US$ 16,183) the businesswomen are comfortably taking home Rs 50,000 (US$ 1,011) per month.