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Aarihant Aaryan
Prev- Founder & CEO ...Ā ā¢Ā 1y
Many assume most of the small businesses in India don't make money, which is true as 30% of Indian SMBs don't. But there is an interesting trend, that has shaped in the last 12 months. Indian business ecosystem has added "500k" businesses to the 1 crore to 10 crore revenue club - which is a 30% growth YoY Once businesses figure out how to make their first crore in revenue, reaching other milestones wouldn't be that hard. In the next 3 years, we will add 3M businesses into a 1 crore to 10 crore revenue club.
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Indians hate startups, especially companies that burn money and raise money but the truth is that 99% of Indian businesses don't make money See in India there are only 13M small businesses,88% of them are sole proprietors Out of 13M businesses, 5M
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Most small businesses fail in India, 50% of small businesses don't even make a rupee but why is that, To Give you a deeper understanding, There are only 11M small businesses in India,88% of them are sole proprietors Out of 11 Million businesses
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