LMKT’s Post

Shares of Honasa Consumer Ltd, the parent entity of D2C unicorn Mamaearth, jumped 20% during the intraday trading on Thursday (November 23) to touch the upper band and a record high at INR 422.5 on the BSE following the company’s Q2 FY24 earnings announcement. Mamaearth on Wednesday posted a profit after tax (PAT) of Rs 29.4 Cr in Q2, registering almost a 94% jump year-on-year (YoY), while its operating revenue also increased 21% to Rs 496.1 Cr. 🚀 Join the startup revolution! Follow StartupTrak for the latest and hottest startup news, inspiring stories, and game-changing innovations! 💯❤️🔥 . . #Mamaearth #HonasaConsumer #StockMarketUpdate #RecordHigh #D2CUnicorn #Q2FY24Earnings #ProfitGrowth #RevenueIncrease #BusinessPerformance #FinancialNews #MarketReaction #StartupNews #StartupTrak

COVID killed his company, but not his ambitions and resilience. 🙌 Brij Bhushan sat down and shared his most honest perspective on starting up. Brij's journey mirrors that of a typical Indian kid, adhering to the conventional formula of engineering + MBA + a corporate job = success. 🔎However, Brij identified an error in this formula and contemplated quitting his high-paying job to initiate one of the unique startups in the country, named 'Magicpin.' magicpin was co-founded by Anshoo Sharma and Brij Bhushan in 2015. Both co-founders were previously associated with Lightspeed India and Nexus Venture Partners, respectively, before embarking on the Magicpin venture. At the outset, there were five funded startups in that space, but none survived except Magicpin. 👉Brij delves into the financial and emotional aspects of opting for a startup and how he overcame all societal challenges during the initial years. 📺Watch the Full Video - https://lnkd.in/dEhsvuiJ #entrepreneurship

🥁 How to build a super successful business: Startups often face significant challenges in growing their business after reaching a certain height due to a variety of internal or external factors. Recently I read a superb book *"Make your own luck"*, where Mr. Bob Miglani and Mr. Rehan Yar Khan mentioned many turnaround stories of startups and how they created there own luck by choosing the hard path. One of the turnaround story is PharmEasy which have transformed business from just being a pharmacy aggregator to complete solution provider by focusing on 3 factors 1) Create a superb customer experience 2) Create value for everyone in the entire ecosystem. 3) Build a moat around their system so others would have a difficult time copying them. Turnaround startups choose the hard path. "When you do something hard, it is difficult for most people to follow and replace you" - Bob Miglani.

Choose an idea that you’re madly passionate about,” – Innov8 Coworking by OYO’s Dr Ritesh Malik on how to narrow down on an idea for your startup👇 The shortest path to success is by learning from the top 1% who’ve been successful. That’s why we built FounderX – where you can get coached by India’s top 1% founders, operators and investors and learn how to build a sustainable startup. More practical wisdom, less gyan! They say the journey of a thousand miles starts with a single step. This could be yours. Don't let your dreams wait any longer. Join FounderX today: https://4-2.co/48W58MN #founderx #entrepreneurship #leadership

“Anything that you can imagine is there as a part of the Startup Mahakumbh” - Sanjiv Singh, Joint Secretary, Department for Promotion of Industry and Internal Trade. He highlighted the need to propel India towards becoming the leading startup ecosystem globally, focusing on the role #StartupMahakumbh plays in this endeavour. #BharatInnovates #FutureEntrepreneurs #EmergingStartups #StartupEcosystem

Last Tuesday, we had the first official session of Insurjo '24 by The Product Folks. Aditya Mohanty and Suhas Motwani skillfully anchored the session, as is their custom. The featured speaker for the day was Rishi Bhargava, the Co-founder of Descope. He talked about "How to master PM in both Startups and Big Companies." What made this session special was that Rishi used real-life examples that were easy to understand. His thoughts were deep and eye-opening. Since Rishi has worked with both B2B and B2C products, he shared a lot of helpful insights. I've made my notes and attached below. Waiting for the upcoming sessions !!! Ps: Notes has examples and thoughts from Rishi Bhargava. #InsurjowithTPF #tpf #productmanagement #pm #slack #startup #product

Navigating disintermediation - Here's how we tackled it! 🚀 Facing disintermediation head-on was a real challenge for us. Even friends questioned the need for a second round with us – "You've already shown the way." Honestly, it was puzzling, and the ROI on our efforts seemed elusive. But then came #WorqFlexi, our game-changer. Our B2B solution allowed us to craft immense value, creating an unbeatable experience for our customers. Now, there's little to no incentive for them to disintermediate us. But hey, we're not hitting pause just yet! We're on a constant quest to solve higher-order problems for our customers, making #WorqFlexi an integral part of their work. 💡 How have you tackled disintermediation? #startups #startupjourney #remotework

Just a small update from Anaika, I thought I should share it here. While we were primarily focused on tier-1 cities, surprisingly a bunch of inbound requests started coming in from tier 2 & tier 3 cities and some small towns. We were able to convert them and what I see is a lot more enthusiasm in them to source from a small startup like Anaika. Also the problem-solving for a better distribution channel to serve them is helping us think in directions we never thought we would when we started Anaika. I feel if we manifest and align ourselves to our goals, the goals also start seeking us. #startupstories #anaika #onwardandupward #beinganentrepreneur #growthmindset

After 73 Rejections, This couple's Startup Hits Jackpot: Rs.463 Cr Profit on Rs.15,000 Cr Revenue in FY23! From Zero to Hero: Asish Mohapatra & Ruchi Kalra's Incredible Journey to Success! ➡ From Rejection to Unicorn: Faced 73 rejections before turning OfBusiness into a unicorn by combining commerce and financing in a unique way. ➡ Profitable and Obscure: OfBusiness achieved unicorn status with profitability, emphasizing sustainable growth over flashy headlines. ➡ Unique Approach to Business: Prioritizes its employees with regular Esop exits, while recruiting fresh talent from lesser-known campuses. ➡ Planning Ahead: Despite starting in their 30s, Mohapatra and his team plan to go public as a profitable company in 18-24 months, prioritizing business success over age stereotypes. #startup #ipo #unicorn