The Ledger, every show
Every statement that passed quotation and attribution checks, across all 44 shows. Pick shows below, then mix any filter with any other.
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every show 44 of 44
Wakefit reached 21 crore INR in revenue with zero paid marketing
“Till we were doing this 21 close-up business, we had spent zero marketing. Like, there was no money involved. No Facebook, no Google, no Amazon, nothing. Like, it was going autopilot.”
Indian D2C IPO multiples equal or beat SaaS and tech businesses
“Multipliers that people are getting when their IPOs are happening are also very, very equivalent or even better than SaaS or, you know, tech businesses.”
Garg: Traditional Indian mattress retailers marked up products 4x over material costs
“I worked for a chemical company, so I knew what is the cost of the mattress, raw material that goes inside. I realized that if X rupees, Was the price of raw material? They were selling me at Forex.”
Garg: Electricity shortages force tier-3 Indian towns to sleep by 8 PM
“We've seen that, you know, people in tier two and tier three town specifically, they generally, because I think there's a lack of electricity. In those towns, and by force, people go to sleep at eight o'clock, nine o'clock, because they can't do anything beyon…”
Garg: Fighting with your spouse after 4 PM ruins your night's sleep
“If you want to have a fight with your spouse, have it before four PM. If you want to have it, you have it before four PM, because if you have it after that, I'm dead sure. We have the research on it. You're not going to have good quality sleep.”
Garg: Sleeping more burns calories and drives weight loss
“More calories are burned when you're sleeping and your organs are rest and stuff like that, right? So more you sleep, the more weightless you are.”
Incumbents charged ₹50,000 for memory foam mattresses costing ₹5,000 to manufacture
“They were selling memory foam matters at that point of time with a price of 40,050 thousand, you know, a king-sized mattress with a price of 50,000. Like, I was amazed. You know, how, how is it possible that, you know, I am selling the chemicals to them. I kno…”
Wakefit was likely the first brand to sell mattresses on Amazon India
“So I happened to be the first one probably who started mattresses on Amazon.”
Wakefit's revenue scaled from 81 to 420 crore INR in two years
“In 19, we did 81 or 83. Then we did 200, and then we did four 20 last year.”
Wakefit is projected to hit 700 crore INR in annual revenue
“Yeah, we expected to hit about 700 crores.”
An early 2.5 lakh INR angel check in Wakefit returned 75 crores
“I have spent six years, 10 years not sleeping, so much of stress, but your 2.5 legs have become 75 crores.”
Amazon's algorithm guarantees initial test orders for any new seller
“Amazon algorithms are built in a way that, you know, any new seller comes, we'll definitely get at least some orders in the beginning to kind of test. I mean, they'll build the algo that everybody gets at least a chance to sell something.”
Garg: Wakefit is probably India's second or third largest mattress maker
“Well, not, not really. I think we would be probably the second or the third largest in India.”
Garg: People who wake up naturally always wake up during REM sleep
“If you wake up naturally, you will always wake up in REM sleep, not a deep sleep.”
Garg: Some Wakefit customer testimonial videos have 5 million views
“Today, I think some of the videos have some 50 lakh views.”
Wakefit grew revenue from 70 lakhs in 2015 to 23 crores in 2018
“I think in 2015 we did close to 70 lakhs 16 we did close to seven crores and 18 we did 23 crores.”
Mattresses account for close to 70% of Wakefit's revenue
“Mattress would be close to 70% of the business.”
Garg: Wakefit was profitable, cashflow positive, and growing 3x before 2018 funding
“We were profitable by then. We were growing already and automatically we were growing three X, like with no extra points coming in. Business was, you know, full cashflow positive.”
Wakefit's early 21 crore revenue was split evenly between Amazon and website
“It was 50, 50% from Amazon and 50% from our website. It was mixed.”
Wakefit's viral sleep internship campaign drove 200,000 applications and quadrupled traffic
“When we had gone live with this, we got about two, like, applications. Like, literally people came and filled the form. My traffic on the website went four X.”
Garg: Shark Tank India pickle brand sells lakhs of jars from tier-3 towns
“That lady who came with Achaar, that and I think that we have been just tracking them. They do humongous sales. They, they're selling lakhs and lakhs, you know, those Dabbas of Achaars, and they all cook somewhere tier three, tier four, town of India, right?”
Garg: Deep sleep only lasts 10 to 15 minutes per cycle
“This deep sleep is the highest quality of sleep that one gets. And this only lasts for about 10 minutes, 15 minutes in each cycle.”
Garg: Drinking alcohol breaks sleep cycles and impairs physical recovery
“If you drink before sleep, and if you're drinking hard liquor, or if you're drinking beer you're, Your sleep cycles are going to be very erratic, and I think most of it goes because of what is happening inside your stomach. You are very dry, and then you will …”