Souled Store hits INR 235Cr in annual revenue

This should help everyone understand the true picture of income brackets Indians fall in, where do viners belong?

https://www.moneycontrol.com/news/business/mensa-brands-fires-200-employees-as-business-shows-signs-of-slowdown-10699211.html

What is the work culture like at The Souled Store? And is it a good place for career progression?

- NEWME, a fashion brand for Gen Z women, has secured $18 million in a funding round led by Accel, with participation from Fireside Ventures and AUM Ventures. - The capital will be used to enhance the company's omnichannel presence and improve its supply-chain technology, according to CEO Sumit Jasoria. - NEWME plans to open 40-50 stores in 20 key cities, including Guwahati, Shillong, and Imphal, over the next 12-18 months. - The funding comes as more companies focus on the Gen Z market, with competitors like Lyskraft and major players like Flipkart and Myntra also targeting this demographic. - Accel's Anand Daniel highlighted the potential of D2C brands in India's retail sector, which is projected to reach $2.2 trillion by 2030. Source: Moneycontrol - tinyurl.com/29nkuujy

- 42% of this will be Grocery, followed by Fashion at 24% - 65% of D2C brand sales expected to be driven by Marketplaces (as they are today) - Today, 92% of retail is offline. By 2027, 89% of retail will be still offline (fair)

While I'm proud of these two revolutionising the quick commerce space, I somehow have a bad feeling about this Profits aren't coming, money is flowing Don't know what the VCs are seeking? Why bake a a pie that you can't eat later?