Zomato posts Rs 3,288 Cr revenue and Rs 138 Cr profit in Q3 FY24, Arjun Vaidya on the Opportunity in Indian Fragrance Industry and more!
In our thirty-fourth D2C Insider edition, explore Zomato posts Rs 3,288 Cr revenue and Rs 138 Cr profit in Q3 FY24, Redefining Retail Realities: 2023’s Breakthroughs and the Road Ahead in 20 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 thirty-fourth. edition you'll see:
Zomato posts Rs 3,288 Cr revenue and Rs 138 Cr profit in Q3 FY24
Foodtech and quick commerce platform Zomato recently released its financial results for the third quarter of the ongoing fiscal year (Q3 FY24). The results indicate significant growth in scale and an impressive 3.8X jump in profits.
Redefining Retail Realities: 2023’s Breakthroughs and the Road Ahead in 2024
Significant changes and new trends have emerged in 2023, changing the retail environment. The retail industry has seen significant changes this year, including the growth of Direct-to-Consumer (D2C) businesses and the explosion of omni-channel tactics. Let's examine the most important findings and speculate about the industry's potential developments in 2024.
Arjun Vaidya on the Opportunity in Indian Fragrance Industry
Adil Qadri's Shark Tank India pitch highlighted a significant gap in the Indian fragrance market within the INR 1,000-3,000 price range. This discovery presents an exciting opportunity for Indian brands to fill this void with premium, yet accessible fragrances that cater to the increasing consumer demand for quality and aspiration.
Key Highlights:
The Road Ahead:
The fragrance industry in India is ripe for disruption. By targeting the untapped price segment with quality, aspirational products, brands have the chance to redefine the market dynamics. It's an exciting time for entrepreneurs and existing brands to innovate and grow in this space.
As we explore this potential, we're eager to collaborate with others venturing into the fragrance industry. Together, we can shape the future of Indian perfumery.
Joining the Fragrance Revolution?
We applaud the efforts of brands like BellaVita, Blanko By King, ISAK Fragrances, and The Man Company. If you're also building in this space, we'd love to hear from you.
Vikas Bagaria, Founder-Pee Safe, on Breaking Taboos and Embracing Challenges
This week, Vikas Bagaria shares his journey of founding Pee Safe, a venture aimed at addressing India's taboo topics of toilet and menstrual hygiene. Without a roadmap or foresight into the challenges, the journey has resembled a roller coaster, pioneering in a field often led by courageous women.
Reflecting on the last decade with Pee Safe, the journey from silence around menstrual hygiene to openly addressing it signifies a personal and professional transformation. This note is a reminder that perfection is a myth. It's okay to be ordinary, to face more failures than successes, and to be comfortable with just being oneself.
Here's to more years of challenging norms, fostering conversations, and making hygiene accessible to all. Join us in this ongoing journey, as we continue to break barriers and build a healthier, more inclusive society.
Don’t miss this opportunity to grab these amazing deals from Subtract, Essentia Extracts, and Kingdom of White. Hurry up and order now! 😊
Available job opportunities
Koparo, a direct-to-consumer (D2C) home care brand, has recently secured Rs 5.2 crore in funding from 4P Capital Partners. Additionally, the brand received Rs 70 lakh through Shark Tank India, with investments from Aman Gupta, co-founder of Boat, and Vineeta Singh, co-founder of Sugar Cosmetics. The startup plans to allocate these funds towards brand building and distribution.
Over the next two years, Koparo aims to reach 10 lakh Indian consumers by expanding its distribution channels both online and offline. Last fiscal year, the brand achieved Rs 5 crore in revenue, and it aspires to grow further, targeting Rs 50 crore in revenue within the next two years.
🥤 The Genius Strategy of Coca Cola to beat Pepsi
1. Sessions conducted of Elevate Super 30 this week: 🚀
Product Development Cycle & Product Market Fit by Mohit Yadav, Co- Founder, Minimalist
Introduction to D2C in Indian landscape by Ankur Khaitan, Principal, Fireside Ventures
Brand Building by Mohit Sadaani, Co-Founder, The Moms Co.
Customer Insighting & Obsession by Aneesh Sheth, Founder, Dr. Sheth’s Skincare
Apply for Elevate Super 30 Cohort 2 Waitlist on the link below!
2. D2C Insider CXO Meet in Chennai: The inaugural D2C Insider CXO Meet in Chennai witnessed the participation of 75+ attendees at the Caratlane Office on February 10, 2024, hosted by Mithun Sacheti, CaratLane - A Tanishq Partnership Founder.
We are hosting a CXO meet event in Hyderabad on 17th Feb which will be a casual networking meetup for D2C founders from these cities to meet each other and lay down the charter of the city for the next 6 months. Join by clicking the link below.
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! 🚀