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NOISE: India’s Wearable Market Leader 👏👏
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NOISE: India’s Wearable Market Leader 👏👏 Noise began by selling mobile covers back in 2014.
They were doing great as a business, making 24 Crore Rs in revenue in 2017. However, they soon realised that they don’t have a brand, it’s just a commodity business and anyone can beat them on price.
Also, being in the mobile-accessory business, they realised that wearables such as smartwatches and wireless earphones were becoming big, so they made a pivot to smart wearables.
Their positioning of offering aspirational, high-engagement products at competitive pricing made them the go-to choice for Indians, and they are currently the market leader in India’s wearable market, with over 27% market share.
In FY-23, they made a revenue of 1426 Crore Rs and are projecting 2400 Crore Rs in revenue in FY-24.
They were doing great as a business, making 24 Crore Rs in revenue in 2017. However, they soon realised that they don’t have a brand, it’s just a commodity business and anyone can beat them on price.
Also, being in the mobile-accessory business, they realised that wearables such as smartwatches and wireless earphones were becoming big, so they made a pivot to smart wearables.
Their positioning of offering aspirational, high-engagement products at competitive pricing made them the go-to choice for Indians, and they are currently the market leader in India’s wearable market, with over 27% market share.
In FY-23, they made a revenue of 1426 Crore Rs and are projecting 2400 Crore Rs in revenue in FY-24.
NOISE: India’s Wearable Market Leader 👏👏
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