Noida has undergone drastic transformations since transforming from a quiet town into a commercial hub with diverse enterprises. Many Fortune 500 companies, new startups and small and medium businesses operate in different spheres, such as banking, producing, health care and education. As a result, today’s Noida is a lively and vibrant city due to the coworking relationship between the business environment and the real estate industry. Additionally, it has made the city a desirable location for commercial and personal investment. In this write-up, we will suggest different startups in Noida and give you information about them.
See also: Leading event management companies in Noida
Business landscape in Noida
Noida, known as the “Silicon Valley of the North,” is a well-known IT and software powerhouse. Numerous software firms, IT parks, and tech incubators are in the city, drawing domestic and foreign businesses looking to take advantage of India’s IT strength. Noida is experiencing a boom in the startup scene, with more and more young people starting businesses in various industries. With co-working facilities, incubators, and access to funding, the city offers a favourable climate for fostering the entrepreneurial drive.
Read also: Top garment manufacturers in Noida
Top startup companies in Noida
Paytm Payments Bank
Industry– Financial services
Sub-industry– Banking
Company type– Public
Location– Sector 66, Noida, Uttar Pradesh 201301
Founded in– 2017
The banking services provided by Paytm Payments Bank include debit cards, accounts for savings, current accounts, and money transfer services. Additionally, it offers a range of online financial services like bill payment, cell phone recharge, and online payment processing.
Polestar Solutions & Services
Industry– IT
Sub-industry– Software development, IT consulting, and IT outsourcing
Company Type– Private
Location– Logix Infotech Park, Noida, Uttar Pradesh 201301
Founded in– 2012
Polestar Solutions & Services, based in India, provides clients globally with an extensive range of information technology products and services. It became a reality in Noida, India, in 2005. Polestar has experts committed to offering its customers top-notch IT services.
BYJU’S Exam Prep
Industry– Education Technology
Sub-industry– Online test preparation
Company type– Private
Location– Sector 125, Noida, Uttar Pradesh 201303
Founded in– 2015
A range of courses are available from BYJU’S Exam Prep, including recorded video seminars, live online sessions and practice exams. The company’s systems are meant to give students a thorough and efficient test preparation experience. Over 10 million people are subscribers to BYJU’S Exam Prep, with over 100 million registered users. The company’s courses contain English, Hindi, Kannada, Malayalam, and Tamil versions.
UpGrad
Industry– Edtech
Sub-industry– Online Education
Company type– Private
Location– Sector 18, Noida, Uttar Pradesh 201301
Founded in– 2015
A startup called UpGrad provides postgraduate and diploma programmes online in association with top colleges and business partners. The programs offered by UpGrad are meant to assist working professionals in retraining and upskilling for future occupations. Programmes from UpGrad are available in various fields, such as marketing, data science, business administration, and technology.
Classplus
Industry– Education
Sub-industry– EdTech
Company type– Startup
Location– Sector 3, Noida, Uttar Pradesh 201301
Founded in- 2018
A smartphone app from Classplus, a provider of educational technology, helps teachers and students manage their classrooms and training. Numerous functions are available on the app, such as lesson preparation, attendance monitoring, assignment obedience, and online tests. Additionally, Classplus offers tools for teachers to produce and distribute instructional materials for their pupils.
Pine Labs
Industry– Financial technology
Sub-industry– Point-of-sale solutions
Company type– Private
Location– Sector 62, Noida, Uttar Pradesh 201309
Founded in– 1998
In India, Pine Labs is a top supplier of merchant commerce solutions. A wide variety of goods and services, including point-of-sale (POS) terminals, gateways for payments, and loyalty programmes, are provided by the business. Additionally, Pine Labs offers a range of merchant finance options, including working capital loans and purchase now, pay later (BNPL).
Get Set Resumes
Industry– Staffing and recruiting
Sub-industry– Resume writing and career coaching
Company type– Private
Location– Sector 1, Noida, Uttar Pradesh 201301
Founded in– 2011
Get Set Resumes is a resume writing and career counselling business that assists job seekers in developing polished resumes that attract the attention of prospective employers. The company provides a range of services, including scheduling interviews, LinkedIn profile optimisation, and resume and cover letter writing. Get Set Resumes is dedicated to assisting its clients in realising their professional ambitions and securing their ideal positions.
COOX
Industry– Food and beverage
Sub-industry– Cloud kitchen
Company type– Private
Location– Sector 47, Noida, Uttar Pradesh 201303
Founded in– 2020
A cloud kitchen platform called COOX offers restaurants and food businesses infrastructure and services. It provides various services, such as cooking space, kitchenware, and delivery services. Additionally, COOX gives its clients access to its technological platform, which enables them to run their businesses more successfully.
Gaana
Industry– Media and entertainment
Sub-industry– Music streaming
Company type– Private
Location– Sector 43, Noida, Uttar Pradesh 201303
Founded in– 2010
Over 30 million songs in 20 languages are available on the Indian music streaming website Gaana. It has over 150 million active users, making it one of India’s largest music streaming services. Gaana comes with different types of subscriptions, including free and paid. All of its subscription plans come with ad-free streaming, remarkable audio quality, and the ability to download a music collection for further usage on smartphones or other portable gadgets.
FabAlley
Industry– E-commerce and fashion
Sub-industry– Apparel and accessories
Company type– Private
Location– Sector 7, Noida, Uttar Pradesh 201301
Founded in– 2012
An extensive selection of women’s clothing, accessories, and footwear is available on FabAlley, one of India’s top online fashion stores. The Indian e-commerce business is a stronghold for FabAlley, growing its global reach. Currently, the firm supplies to more than 100 nations throughout the world. Numerous honours, including the Best Online Fashion Brand prize at the 2016 ET Now Honours for Retail Excellence, have been given to FabAlley in recognition of its achievements.
Commercial real estate demand in Noida
Office space- Startup businesses in Noida have a robust demand for office space. This is because startups require adaptable and reasonably priced office spaces to meet their expanding needs. Coworking spaces and shared offices are popular choices among startups in Noida because they provide many benefits, including flexible lease terms, shared facilities, and a network of other entrepreneurs.
Rental property- Beginning businesses drive increased demand for Noida rental property. This is so because many companies need more initial funding to buy office space. Noida rental homes provide entrepreneurs with a more flexible and economical choice.
Impact- The Noida real estate market is benefiting from the rising demand for commercial real estate from emerging businesses. This has caused a surge in the supply of rental homes and workplaces and increased real estate prices.
Impact of startup companies on Noida
Startups encourage business ownership. Startups inspire young people to become entrepreneurs and launch their enterprises. This promotes the development of an enterprising and vibrant society. Startups foster a feeling of neighbourhood. A strong sense of community is frequently encouraged by startups among their clients and staff. This promotes social cohesion and diversity in society. The number of startups in Noida has increased demand for commercial and residential property. As a result, the city’s real estate market has grown, and more employment in the construction and related industries has been generated.
FAQs
What makes Noida a desirable location for new businesses?
Noida is an alluring option for startups because of its prime position close to the capital city of Delhi, good infrastructure, kind governmental regulations, and accessibility to a talented talent pool.
How does the governing body assist Noida's new businesses?
To encourage and support entrepreneurs, the government of Uttar Pradesh and the Noida authorities provide a range of incentives, tax advantages, and facilitation services, including subsidies, grants, and mentorship programmes.
What are the main difficulties faced by new businesses in Noida?
Intense competition, retention of talent, regulatory compliance, and finance limitations are typical difficulties for businesses in Noida. Strategic preparation and perseverance are required to overcome these obstacles.
What impact does Noida have on India's startup ecosystem?
By encouraging innovation, boosting entrepreneurship, generating job opportunities, and luring investments, Noida makes a substantial contribution to the Indian startup ecosystem, spurring regional economic growth.
Can foreigners create businesses in Noida?
Yes, provided they follow specific rules and the requirements of the International Exchange Management Act (FEMA), international nationals may launch companies in Noida. For the procedure to go successfully, you must speak with legal and financial consultants.
Which is better, a startup or an MNC?
When deciding between an MNC and a startup, there are considerable distinctions. While MNC benefits provide a worker with a more lucrative potential, startups can offer a fast-paced learning atmosphere that may be beneficial.
Are there any special tax breaks or incentives in Noida for new businesses?
Yes, under the Startup India initiative, the government offers tax incentives to qualified entrepreneurs, including exemptions or deductions, with the goal of promoting development and innovation.
How does Noida help green and sustainable startups that prioritise renewable energy and environmental protection?
Incentives and chances are provided for businesses focusing on sustainable practices, renewable energy, waste management, and eco-friendly technology as part of Noida's attempts to assist green entrepreneurs.
How does Noida assist new businesses in growing and branching out outside the neighbourhood?
Startups may make use of Noida's access to a sizable market to develop their business by connecting with industry leaders, utilising export promotion programmes, and attending trade shows to attract more customers.
What businesses have offices in Noida?
Some of the reputed companies, like HCL Tech, Genpact, TCS, and Paytm, are expanding their offices in Noida.
| Got any questions or point of view on our article? We would love to hear from you. Write to our Editor-in-Chief Jhumur Ghosh at jhumur.ghosh1@housing.com |
