Just one observation: I've never known anyone in my circle who really used their product. They only bought it for try...
Mamaearth: you don't need a good product to win in the market
I am almost convinced that chasing excellence in terms of products and deliverables is just not what makes you stay in the market. None of the people in my circle are finding mamaearth products good enough, but look at the size of the company. What we are missing out??
They bought celebrities to push out product like they were revolutionary. And dumb followers of these celebrities bought these products because they don't know any better.
That's mamaearth's entire existence in a nutshell
and now with shit loads of money they can create best products if they want. so this works as existential strategy. right?
Honasa Shares Plunge 11%, Market Cap Falls Below $1 Billion
- Honasa Consumer's shares fell 11%, pushing its market cap below $1 billion.
- The downturn is linked to the company's shift to a D2C model under Project 'Neev'.
- The stock has underperformed the Nifty 50, shedding nearly 40% on a ...
The question I guess, we all should be asking, is why was this a $1Bn company so far? If it's a $1Bn consumer brand,...
They seem to be cooked. Truth be told, I know their numbers were suspect at the early stages of the companies. The...
India card to justify anything/everything
The problem with such founders is - They will try to play “Indian brand” card as reasoning for over-priced IPO but the majority of issue was secondary sale. A minor part will go into the “so-called” Indian brand and it’s expansion.