Need Advice on Starting a New Business in India

Hello there,

I am planning to start a new business in India and I am looking for advice; tips; and insights from those who have experience in this area. My idea is still in the early stages; but I am aiming to launch a tech-based startup focused on providing digital solutions for small and medium-sized enterprises (SMEs).

What are the essential legal steps I need to take to get my business registered? Are there any specific licenses or permits required for a tech startup?

What are the best sources for securing initial funding? Should I look for venture capital; angel investors; or consider bootstrapping? Any tips on creating a compelling pitch for investors?

How can I effectively validate my business idea and conduct thorough market research? What tools or methodologies have you found useful in understanding market needs and customer behavior?

What should I look for when hiring my first employees? How can I attract top talent to a new startup, and what incentives or benefits are most effective?

Also I have gone through this post: which definitely helped me out a lot.

What are some common challenges faced by tech startups in India; and how can I avoid or overcome them? Any personal experiences or lessons learned would be greatly appreciated.

Thankyou in advance for your help and assistance.