Connect with us

Startups

Mr.Kabir Bhasin & Mrs. Aprajita Bhargava Bhasin. – Startup CEO & Founder of East Lifestyle

Published

on

kabir aprajita
  1. Introduction about yourself and the company

East Lifestyle is a premium luxury furniture design and manufacturing company. We have our design studio and workshop, where each product is treated as a work of art. Each piece is handcrafted to perfection by our expert craftsmen. Curated to perfection, each product beautifully threads together the elements of luxury with contemporary and modern classical designs. We take not only residential projects but also institutional projects like hotels, restaurants, offices etc. Our key clientele comes mainly from HNI and UHNI sector.

East Lifestyle is spearheaded by power duoMr.KabirBhasin and his wife Mrs.Aprajita Bhargava Bhasin.

The duo comes with the skill set and keen interest in  furniture design and business management. While, Mr.KabirBhasin, Co-founder of India’s largest furniture rental company- FURLENCO,  also an enthusiast entrepreneur and a well known name in the design fraternity looks after institutional projects and core production unit , his partner Mrs.Aprajita Bhargava Bhasin, an ex- International Radio Jockey, anchor with DD National and a successful media relations activist, looks mainly into residential projects, interior design consultation and public relations for the company.

2.  What made you come up with the startup idea?

Kabir :East was born out of the founders love for furniture design and the lack of a high end solid wood  furniture brand in the Indian market.

While high end brands like Ligneroset ,Poliformetc have indeed established in India, None of the work in the area of solid wood furniture that is traditionally built to last. In most parts of the world , high end furniture is rarely changed at regular intervals and so the furniture purchased by ‘old money’ is generally made to last generations.

Aprajita :At East we strive to create legacy furniture that could be passed down through the generations and hope to create designs that can stand the test of time….and design cycles.


3. Where do you stand yourself in the coming years and play a role in the startup ecosystem?

Kabir :Being one of the only players in the market with very positive growth curve since we established in 2018 , we hope to be a National brand in the coming years. A business like ours is a ‘slow food’ business and needs time to mature unlike most start-ups . We are very conscious of this fact and want to tighten our systems and processes to ensure that growth pains are minimised.


4.What problem are you trying to solve?

Kabir :The lack of High design / made to last furniture in India is one of the key problems we are trying to solve.

Aprajita: With East Lifestyle we aim to offer a luxurious experience to people who wants to add their personality and love for their homes through their furniture. We design as per the client’s likings and requirements to offer unmatched unique design and exceptional quality. We want to fill that gap in the niche area where designer products are out of reach for a major part of the population.


5. What advice do you wish to give aspiringentrepreneurs

Kabir :Find a gap, leverage your domain of expertise (or get a domain expert to buy into your idea) and then prepare to sweat!

Aprajita :Be ready for a tough ride. Don’t expect regular pay checks for a few years, be ready for constant ups and downs, but don’t forget why you began that journey.  That will be your driving force. Being an entrepreneur , you will have tons of  opportunities and equally challenging times and that’s what makes it even more fun.


6. Achievements 

Kabir boasts a degree in management from SPJIMR, Mumbai and he attributes a lot of success at East to his alma mater. In 2011, Kabir sowed the seed of what is now known as “Furlenco”- a furniture rental business that raised 6 million dollars in its first round of VC investments. He has mentored various other start-ups in fields ranging not only furniture but also music, organic cosmetics manufacturing, real estate and many more. He regularly gives guest lectures in various management institutes to potential entrepreneurs.

Aprajita comes from a background of working for over a decade in media, as an International Radio Jockey with AIR  for Europe, Australia and South East Asia for 12 years and as TV Anchor with DD National for 4 years. At the same time, she started her first business which was based on a retail model for B2C in the area of Organic and Natural Lifestyle, this followed by her venturing into manufacturing of her own range of organic cosmetics. Before moving to Bangalore, she sold her organicsstartup business and ventured into interior design and furniture manufacturing.

Name: East Lifestyle
E-mail:contact@eastlifestyle.in
Facebook:https://www.facebook.com/Eastlifestyle/
Instagram: https://www.instagram.com/eastlifestyle/
Twitter:https://twitter.com/_east_lifestyle
Contact no: 080-4052-4200
Website: www.eastlifestyle.in
Studio Location: Bangalore, Karnataka, India

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Startups

Ice Cream Sensation Hocco Raises Rs 100 Crore, Valuation Soars to Rs 600 Crore

Published

on

Raises Rs 100 Crore, Valuation Soars to Rs 600 Crore

Ahmedabad-based ice cream brand Hocco has successfully raised Rs 100 crore (approximately $12 million) in a new funding round. The investment, led by the Chona family and existing investor Sauce VC, has propelled Hocco’s valuation to an impressive Rs 600 crore. Prominent angel investors, including film producers Ritesh Sidhwani and Farhan Akhtar, also participated in this funding round.

Expansion Plans Fueled by New Capital

Ankit Chona, Hocco’s managing director, revealed that the funds will be used to expand the company’s manufacturing capacity. Despite being just eight months old, the brand is already projecting to achieve Rs 200 crore in revenue for the fiscal year ending March 2025.

Legacy and Growth Trajectory

The Chona family, known for selling their legacy brand Havmor to South Korean conglomerate Lotte for Rs 1,020 crore in 2017, is now focusing on Hocco’s rapid growth. Sauce VC, which has invested in notable new-age brands like Mokobara and The Whole Truth, now owns approximately 10% of Hocco.

“We started in October last year with high hopes, but the response exceeded our expectations. What we anticipated achieving in our second or third year, we’ve accomplished in the first year. Our current plant capacity is between 40,000-50,000 liters a day, far surpassing our initial projection of 15,000 liters by May. By next summer, we aim to triple this capacity to 1.3 lakh liters a day,” said Chona.

Competitive Landscape and Industry Insights

The Indian ice cream industry, valued at around $5 billion, has seen the emergence of several new-age brands like Noto, Get A Way, Go Zero, Frubon, and Minus 30. These brands are challenging established players such as Amul, Mother Dairy, Hindustan Unilever’s Kwality Walls, and Jaipuria group-owned Cream Bell. Investment firms like DSG Consumer Partners, Jungle Ventures, Saama Capital, and Fireside Ventures are backing these new players.

Manu Chandra, founder and managing partner of Sauce VC, commented, “The growth in the ice cream market reflects the increasing disposable incomes directed towards impulse and indulgence categories. Quick commerce channels connect digitally savvy consumers who seek instant gratification, a trend that wasn’t possible five years ago.”

Quick Commerce and Market Expansion

Chona emphasized the potential of quick commerce in expanding Hocco’s reach beyond Gujarat. “Currently, our revenue primarily comes from Gujarat and some quick commerce sales. We started quick commerce in February, and our sales through this channel have been doubling every month,” he said. Hocco plans to penetrate deeper into Gujarat and expand into Rajasthan, Maharashtra, and Delhi-NCR by next summer.

“Quick commerce is a significant disruptor for the ice cream industry. It satisfies the immediate demand with 10-minute deliveries. However, the challenge is that these platforms carry numerous brands, limiting the depth of SKUs. Nevertheless, it’s a huge opportunity,” Chona added.

What do you think about Hocco’s rapid growth and expansion plans? Do you believe quick commerce will revolutionize the ice cream industry? How do you see new-age brands competing with legacy players in the market? Share your thoughts and join the conversation in the comments below!

Continue Reading

Startups

Deepika Padukone’s 82°E Secures Rs 50 Crore in Latest Funding Round

Published

on

Deepika Padukone’s D2C startup 82°E-Secures Rs 50 Crore in Latest Funding Round

Direct-to-consumer (D2C) personal care brand 82°E, co-founded by Bollywood icon Deepika Padukone, is set to raise Rs 50 crore (approximately $6 million) in an extension of its seed round. This latest injection of capital marks the first round of investment for the company this year, fueling anticipation and excitement in the beauty and skincare industry.

Special Resolution Passed for New Investment

The board of 82°E has approved a special resolution to issue 50,00,000 Series Seed 2 CCPS at an issue price of Rs 100 each, according to regulatory filings from the Registrar of Companies (RoC). KA Enterprises LLP, an investment entity owned by Padukone and her family, is expected to participate, with other investors likely joining as well. The funds will be used for expansion, growth, and general corporate purposes.

Previous Funding and Ownership

This new funding round follows a successful seed round in December 2022, where 82°E raised $7.5 million from DSG Partner, IDEO Ventures, and Padukone’s family office. According to TheKredible, Padukone and her family office currently hold a 59.6% stake in the company, while actor Ranveer Singh owns 5.32%.

Rapid Growth and Financial Performance

Launched in 2022 by Deepika Padukone and Jigar Shah, 82°E offers a comprehensive range of skincare products for both men and women, including cleansers, face masks, moisturizers, and sunscreens. The brand has shown significant growth in a short period, with its revenue from operations reaching Rs 22.82 crore between March 2023 and December 2023. For comparison, the company’s operating income was Rs 11 crore in FY23. Despite its rapid revenue growth, the company reported an EBITDA loss of Rs 25.1 crore during the same period.

Competitive Landscape

82°E competes with established brands like Plum, mCaffeine, Wow Skin Science, and publicly listed Mamaearth. With its strong celebrity backing and innovative product range, 82°E is well-positioned to make a significant impact in the competitive D2C personal care market.

What do you think about the rapid growth of 82°E in such a short time? Do you believe celebrity-backed brands have an advantage in the competitive D2C market? How do you think 82°E will fare against established players like Mamaearth and Plum? Share your thoughts in the comments below!

Continue Reading

Startups

Meet the Entrepreneur Who Turned a WhatsApp Group into a Rs 6400 Crore Startup with Mukesh Ambani’s Backing

Published

on

From WhatsApp Group to Billion-Dollar Company: The Inspiring Journey of Kabeer Biswas and Dunzo

Kabeer Biswas, the founder of one of India’s most notable startups, Dunzo, transformed a simple WhatsApp group into a Rs 6400 crore enterprise. This incredible journey saw Mukesh Ambani, India’s richest man, invest a staggering Rs 1600 crore into the business, propelling it to new heights.

The Humble Beginnings

Dunzo started in 2014 as a basic WhatsApp group initiated by Kabeer Biswas. The group’s quick rise in popularity caught the attention of investors, including Mukesh Ambani. His significant investment of over Rs 1600 crore marked a turning point for Dunzo, catapulting it into the big leagues of Indian startups.

The Visionary Behind Dunzo

Kabeer Biswas, although not the sole founder, was the visionary force driving Dunzo’s inception. Alongside Ankur Agarwal, Dalvir Suri, and Mukund Jha, Kabeer transformed a simple idea into a thriving business. His journey to success wasn’t straightforward; it was marked by diverse experiences that shaped his entrepreneurial spirit.

Before diving into the startup world, Kabeer worked in a plastic factory in Silvassa and then transitioned into sales and customer service at Airtel. His first entrepreneurial venture, Hoppr, was acquired by Hike, which inspired him to continue his startup journey.

Challenges and Triumphs

Despite its meteoric rise, Dunzo has faced significant challenges. The company reported a loss of Rs 1,800 crore in FY23, a 288% increase from the previous year. Additionally, the past 12 months have seen delayed employee payments and the departure of several high-ranking executives, including the finance director and two co-founders.

The Road Ahead

Despite these hurdles, Kabeer Biswas remains optimistic about Dunzo’s future. The company’s ability to attract significant investment and grow rapidly underscores its potential. Kabeer’s diverse background and relentless drive continue to steer Dunzo through its turbulent times, aiming for stability and growth in the coming years.

What do you think about the journey of Dunzo? Do you believe it can overcome its current challenges and emerge stronger? Share your thoughts and join the conversation in the comments below.

Continue Reading

Trending