Aditya Birla Capital Rolls Out New Digital Platform, Swiggy expands quick-commerce empire and more!
Aditya Birla Capital Rolls Out New Digital Platform, Swiggy expands quick-commerce empire and more!
In our Forty-Fourth D2C Insider edition, explore how Gopuff Goes D2C, the Comic side of start-up investing, finding the right investor is like going for an arranged marriage and more!
Hello and welcome to the world of D2C Insider, your weekly dose of insights, news, and trends from the direct-to-consumer space in India and beyond. In D2C Insider Digest’s Forty-Fourth edition you'll see:
Aditya Birla Capital Rolls Out New Digital Platform, Targeting 30 Million Customers In 3 Years
Aditya Birla Capital unveils 'ABCD' digital platform to onboard 30 million new customers in 3 years, driving its transformation into a full-stack financial services leader. The omnichannel platform offers 22 products across lending, insurance, investments and payments. With NBFC arm's AUM surpassing ₹1 lakh crore, Aditya Birla Capital eyes synergies within group for innovation. The launch taps into India's booming insurtech market, expected to hit $339 billion by 2025, as the sector expects the fastest growth of 7.1% annually among G20 nations till 2028.
Swiggy expands quick-commerce empire and integrates Swiggy Mall with Instamart for diverse offerings
Swiggy merges online retail arm, Swiggy Mall, with quick-commerce division, Instamart, to diversify beyond groceries. The move aligns with sector trend to boost profitability via higher-margin products across 35+ categories like electronics and clothing. Swiggy will leverage expanded offerings for faster deliveries and convenience as it prepares for IPO this year. The integrations, including premium grocery service Insanely Good, are part of operations streamlining under Instamart head Phani Kishan. The strategy targets enhancing Swiggy's quick commerce play amid stiff competition.
Gopuff Goes D2C as on-Demand Delivery Firms Seek New Revenue Streams
Gopuff unveils 'Powered by Gopuff' to provide logistics and tech for brands' on-demand delivery on D2C channels within 15 minutes. Includes 'Storefronts Powered by Gopuff' Shopify integration for rapid D2C site launches. Pilots with Unilever, Mondelez, and Nestle. Pivots Gopuff from 'face' to 'fabric' of instant commerce beyond its app. DoorDash, Uber Eats, and Instacart play white-label delivery by tapping consumer demand. Aggregators seek new revenue streams like non-restaurant verticals, advertising to offset delivery costs, and boosting margins.
Honasa Consumer’s Skincare Brand The Derma Co Hits ARR Of INR 500 Cr
The Derma Co, a skincare brand from Mamaearth’s parent company Honasa Consumer, clocked its annual revenue rate of INR 500 Cr. Moreover, The Derma Co sold over 1 Cr units in the last financial year. Honasa Consumer Ltd posted a 264% increase in its consolidated net profit to INR 25.9 Cr in the quarter ended December 2023 from INR 7.1 Cr in the year-ago quarter. Furthermore, the focus on leveraging data for product innovation and responding swiftly to emerging trends continues to be a cornerstone of the strategy, the company said in a statement.
A book filled with wit and wisdom to make you crack a smile after that rough board meeting
Vikas Bagaria, Founder of Pee Safe shares the key points and learnings from the book "The Comic Side of Start-up Investing" by Alka Goel and Dr. Mansi Aggarwal.
Here's a summary of his guidance:
Overall, Bagaria highlights the book's ability to provide a lighthearted and comedic take on the serious world of startups while also raising thought-provoking questions and insights about the behavior and mindsets of different stakeholders in this ecosystem.
Finding the right investor- is like going for an 'arranged marriage’
Saloni Anand, Co-Founder of Traya offers valuable insights for founders and entrepreneurs seeking to raise funds and build partnerships with investors that can propel their brand's growth.
The key takeaways are:
In essence, Anand highlights that for brand founders, raising funds is a strategic process of finding investors who not only provide capital but also share the company's vision, offer guidance, and contribute to building a sustainable and profitable business. This partnership is crucial for navigating the challenges of entrepreneurship and achieving long-term success.
Special offers for you
Kolkata's Wow! Momo, a leading QSR chain, secured INR 70 Crore from Z3Partners to expand its footprint, enhance distribution, and invest in R&D for its FMCG division. This funding is part of a larger round that included Khazanah Nasional Berhad and OAKS Asset Management, contributing to the company's total raise of INR 625-640 Crore since its 2008 inception.
🔝 Top 50+ D2C Brands in India That are Disrupting the Market in 2024
1. D2C Insider Jaipur CXO meet
🚀 Kick of your May with the D2C Insider Jaipur CXO meet on May 4th!
Why Should You Join Us?
🌐 Connect with Visionaries: Engage with forward-thinking innovators.
💼 Participate in interactive sessions for hands-on learning.
🎤 Conversations over coffee and cookies!
🛠️ Gain Actionable Insights: Acquire practical knowledge from experts.
🚀 Engage in Thought-Provoking Discussions: Explore trends and ideas with peers.
2. Elevate Super 30
A. 🌟 Demo Day Super 30 Cohort 1 Jury Announcement 🌟
Join us on 11th May in Gurgaon for an exhilarating showcase of innovation and entrepreneurship at Elevate Cohort 1 Demo Day. Witness India’s most promising D2C founders pitch their groundbreaking brands to a distinguished panel of jury members.
Event Date: 11th May, 2024
Time: 12 noon to 5 PM
Venue: DoubleTree by Hilton Hotel, Sec-56 Gurgaon - New Delhi NCR
Prepare to be inspired as these industry leaders evaluate and mentor the next wave of disruptors. Don’t miss out on this opportunity to connect with the best in the business!
B. Be Part of Elevate Super 30 Cohort 2 by joining the waitlist here
3. D2C Insider Super Angels Fund
Introducing the Early Super Angels of D2C Insider Super Angels Fund – India's first operator-led consumer fund backed by top founders from the D2C space in India!
If you are a startup founder seeking relevant and strategic capital, fastrack your success with the D2C Insider Super Angels Fund!
If you are an angel investor looking for exclusive investment opportunities, the D2C Insider Super Angels Fund is for you!
Stay tuned for more updates and future events. Let's keep taking your D2C business to new heights
Until then, keep rocking the D2C world! 🚀