“Who all joined us in initial days, right? In the two run 16th and seventies around 90% of the people are still with us, right?”
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More from Vikas Nahar
AssertionNot 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.”
Vikas NaharAug 3, 2022▶ 18:13The Newest SHARK in Shark Tank India Ft. Vikas Nahar, Founder-Happilo
AssertionSupported
Happilo is the first food brand in years to secure IPL sponsorship
“There is no food brand actually who has done this kind of association in IPL. For many years now, I think we are trying to break that clutter. It's not only the gaming and the IT companies were there, and actually we are the first food company to represent, ho…”
Vikas NaharAug 3, 2022▶ 22:16The Newest SHARK in Shark Tank India Ft. Vikas Nahar, Founder-Happilo
AssertionContradicted
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.”
Vikas NaharAug 3, 2022▶ 37:45The Newest SHARK in Shark Tank India Ft. Vikas Nahar, Founder-Happilo
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.”
Vikas NaharAug 3, 2022▶ 38:45The Newest SHARK in Shark Tank India Ft. Vikas Nahar, Founder-Happilo
AssertionNot 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.”
Vikas NaharAug 3, 2022▶ 4:05The Newest SHARK in Shark Tank India Ft. Vikas Nahar, Founder-Happilo
AssertionSupported
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.”
Vikas NaharAug 3, 2022▶ 6:49The Newest SHARK in Shark Tank India Ft. Vikas Nahar, Founder-Happilo
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