Wow! Momo Strikes Gold, Step into D2C's Shoe Sensation, The Bear House: $18M Journey!
In our nineteenth D2C Insider edition, get the latest insights from the D2C world. From successful funding rounds to inspiring success stories and even exclusive discounts, we've got all the exciting
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 nineteenth edition you'll see:
Inc.5 Shoes Raises $10 Million in Series A Funding
D2C footwear brand Inc.5 Shoes raises $10 million in Series A funding led by Carpediem Capital. The funds will support store expansion, e-commerce growth, and new product development.
Mattel's Barbie Sales Surge in Q3 Thanks to Movie Release
Mattel's Barbie sales surged in Q3 thanks to the release of the live-action Barbie movie. Net sales for the quarter were $1.92 billion, up 9% from the same period last year. Strong demand for dolls, accessories, and playsets was the primary factor driving Barbie sales up 27% year over year.
Wow! Momo Raises $9 Million in Series D Funding Round
Wow! Momo, the quick-service restaurant chain, has secured Rs 75 crore (approximately $9 million) in a Series D funding round led by Valuequest Investment Advisors Capital. Additionally, the company has introduced a new format, Wow Eats, which combines all three brands and plans to launch a flagship store in Kolkata.
Building a Business Is a Marathon, Not a Sprint: Priyanka Gill
This week, we feature Priyanka Gill, the co-founder and CEO of The Good Glamm Group, a digital media company dedicated to women in India. Gill, a respected entrepreneur and advocate for diversity, has led The Good Glamm Group to remarkable success.
She provides practical tips for starting a thriving business:
What are your thoughts on this?💯👇
The Bear House: A D2C Men's Apparel Brand Targeting $18 Million in ARR
This week, we feature The Bear House, a D2C men's apparel brand that is targeting $18 million in annual recurring revenue (ARR) in the next 3–5 years. The company is well-positioned to achieve this goal, with a strong brand, a loyal customer base, and a large and growing market to tap into.
The Bear House is a relatively new brand, having been founded in 2021. However, the company has grown rapidly in a short period of time. In FY22, The Bear House achieved an ARR of $4 million. In FY23, the company is on track to achieve an ARR of $8 million.
The Bear House is targeting a large and growing market. The Indian men's apparel market is expected to reach $100 billion by 2025. The company is also targeting a young and tech-savvy demographic. The average age of a The Bear House customer is 28 years old, and 70% of its customers are online shoppers.
The Bear House is well-positioned to achieve its goal of $18 million in ARR. The company has a strong brand, a loyal customer base, and a large and growing market to tap into.
We wish you all the best in your future endeavors 👏. We are confident that The Bear House will continue to grow rapidly and become a leading player in the Indian men's apparel market.
Available job opportunities
Aditya Birla's TMRW, a house of brands business, has invested INR 155 crore in D2C brand The Indian Garage Co (TIGC). The investment will help TIGC expand its product offerings, increase its customer base, and deepen its expansion into sub-brands and categories.
🤖 How AI is reshaping the offline expansion strategy for online D2C brands
💄 What Goes into Building a Fashion, Beauty, or Home Brand?
A curated meet-up of entrepreneurial talents, organised by D2C Insider and hosted by Sandeep Aggarwal, Founder of Droom, brought together the Titans ( cohort of founders who have crossed 100cr ARR ) of D2C Insider.
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! 🚀