Vikas Nahar, founder of Happilo, discusses the novelty of a food brand title-sponsoring the Rajasthan Royals in the IPL.
Assertion Not checkable as stated
Vikas Nahar says e-commerce customer acquisition cost typically runs 500 rupees
“For example, when you want to promote your own website, acquiring a customer on an Instagram or a Facebook or even on Google, it's like, you know, typically the CAC, the acquisition of, the customer acquisition cost is typically, you know, 500 hundred rupees.”
Assertion Contradicted
Happilo was the first Indian dry fruit brand to introduce ziplock pouches
“We introduced the Ziploc pouches, which was first in the industry, right? And earlier, nobody used to sell in stand-up pouches.”
Insight
Nahar: Packaging gets the first sale, product gets the second
“Because packaging will give you the first sale for the product. The product will give you the second sale.”
Assertion Not checkable as stated
Loose dry fruits from unorganized markets spoil within 7 to 15 days
“If you buy something from an unorganized market which is loosely packed or, you know, filled from a bharani and all, the shelf life won't last much long, right? You get it to home and maybe in, in seven days, 15 days, that might spoil as well.”
Assertion Supported
Vikas Nahar used an 80-lakh government loan to fund Happilo without dilution
“So we got a 80 lakhs loan under the CGT, MSC scheme.
Right.
so we initially did not have to, you know, dilute our equity to raise some seed capital.”
Assertion Not checkable as stated
BigBasket launched Happilo across eight metro cities for a one-month exclusive
“So he told, okay, you give me one month exclusive launch for Big Basket.
I will launch you across all eight metro cities in India.”