How this Women-Led Jewellery Brand Landed $1 Mn Funding
The inflow of jewellery brands appears to be rising gradually in India. The inflow has aggravated on-line outlets into designing valuable systems that lets in to impress market supremacy.
Following within the footsteps of varied avid gamers, Mumbai-primarily primarily based Style Accessories Company “Pipa + Bella” is the use of social media to faucet the millennial market.
Primarily based by Shuchi Pandya and Komal Goel in 2013, the company currently affords custom-made and ready-made vogue jewellery at sensible costs to over forty,000+ prospects all the diagram in which thru India thru an modern on-line platform and goals to reach to 1.5 lakh prospects over the next twelve months.
Tapping Into The Vitality Of Social Media :
The corporate has understood that capturing the millennials’ attention is healthier with content that humanizes the logo. Therefore, social media is an incredibly necessary section of their advertising and marketing strategy.
“This on occasion diagram enticing with influential people or brands which might well well well per chance be relevant to your ticket. Right here is most at probability of fetch attention of the customers that can apply your ticket and fetch alongside with your content too,” shared Pandya.
The ticket additionally has a UGC (user-generated content) portion on its online page that lets within the staunch prospects to post photography on social media the use of particular hashtags and ranking solely featured on their online page. This has helped Pipa + Bella magnify engagement and additionally enable purchasers to definitely price the flexibility in styling their jewellery.
Encouraging Females with Monetary Independence:
Pipa + Bella has no longer too prolonged within the past secured USD 1 million funding, led by Bangalore-primarily primarily based Fire Ventures. The spherical additionally seen participation from present ventures. The startup will use the funds for hiring and growing on more fresh and modern distribution channels. The funding will additionally enable Pipa + Bella to expand internationally to boot to manufacture a sturdy offline distribution model.
When asked what worked in getting people to make investments within the logo, Pandya replied the premise of promoting monetary independence among Indian women folks, worked in grabbing investors’ attention.
“I researched replace devices that might well well well also mix this underlying philosophy to boot to my passion for jewellery. The belief used to be an immediate success and women folks were appealing within the premise of turning into stylists and web web hosting trunk reveals in return completely free jewellery. Once I returned to India after polishing off my MBA from Wharton College, I fleshed out the premise to raised swimsuit the Indian market and build the intricacies of the replace model,” acknowledged Pandya
What Worked in Pipa+Bella 's Favour?
The corporate has been in association with FireSide for a truly prolonged time now.Pandya has continually been drawn to their acute center of attention to brands and their curiosity in ticket building.
“Kanwaljit and Team Fire are the correct partners for us, as they truthfully price the method of title building, and hang supported us thru their deep expertise in advertising and marketing and distribution. I in truth hang a solid partnership with them the set apart I share systems, boom about solutions about my ticket ahead of constructing choices. This has truly worked within the favour for me and Pipa+Bella,” she acknowledged.
Whereas picking the shapely investors, it used to be truly necessary for Pandya to work with any individual who has faith in her commitment in direction of the enlargement of the replace.
“Raising funds as a 20-one thing lady in India might well well also be a relate, especially because inevitably you are confronted with some dogmatic questions from investors reminiscent of ’What’s going to happen to your replace whenever you ranking married or hang kids?’ That’s after I know the investor will not be any longer shapely for me,” added Pandya.