The story of Indigo Paints

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In 2000, chemical engineer Hemant Jalan started Indigo Paints at Rs 1 lakh. The founder says the company was founded “with virtually no capital investment”. A small chemical unit in Patna and an industrial building in Jodhpur formed the basis of the company.

In FY 20, the Pune-based company had sales of Rs 625 billion with net income of Rs 48 billion. The company now has three manufacturing facilities in Rajasthan, Kerala and Tamil Nadu.

In January 2021, Indigo Paints went public, listed on the NSE and BSE. The company’s first stock sale for Rs.1,170 billion received an overwhelming response from investors and was subscribed 117 times on the last day of the tender.

The interview

Vineeta Singh started Sugar Cosmetics in 2012 as a digital-first brand for young millennial women, at a time when e-commerce was just beginning to rise in India. However, she soon discovered that around 95 percent of the Indian cosmetics market is offline. So that Sugar Cosmetics can be seen as a serious brand by customers, the brand relied on omnichannel sales. The company currently has 10,000+ retail stores in 130+ cities and is also available on major e-commerce sites like Nykaa.

Editor’s choice: App Friday

After the success of Clubhouse, Dispo – another iOS app that is only available by invitation – is the charming Silicon Valley and the whole world. Dispo (short for “disposable camera”) brings back the nostalgia of retro film cameras where you click on images, wait for them to “develop”, and send them off for printing. Dispo has been touted as “anti-Instagram for Gen-Z” because it focuses on unpolished aesthetics (no “filter” and “edit” buttons in the app). Continue reading.

Photo: YS Design

Startup Spotlight

Jaipur-based Nuskha is redefining aftercare in India with the help of Ayurveda

Alpana Tiwari fondly remembers her childhood memories of cozy afternoons when she helped her father, an Ayurvedic doctor, prepare herbal mixtures for his patients. Growing up, she asked friends and family about home remedies, or “nuskhe” for illnesses as common as coughs and colds and as complex as aftercare.

When more and more women asked her about postpartum remedies rooted in Ayurveda, she realized the essential role the ancient Indian healing system could play in restoring women’s health. With this in mind, she started ‘Nuskha’ in 2019. Read more.

Nuskha

News update

  • Five personalities of Indian origin, including Twitter’s top lawyer Vijaya Gadde, UK Treasury Secretary Rishi Sunak, and Instacart founder and CEO Apoorva Mehta, and activist Chandra Shekhar Aazad, were included in TIME’s annual list of 100 aspiring leaders Magazine added.

Before you go, let yourself be inspired by …

Sundar Pichai Google

Google CEO Sundar Pichai

“The need to learn and teach from anywhere will not stop even if the pandemic does. We have an incredible opportunity to redefine learning for what’s next. “

– Sundar Pichai, CEO of Google

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