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You may have seen the AsIO4ALL driver tagged as an alternative driver that allows you to create m.
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ASIO4ALL latest version: A Free Universal ASIO Driver That You Use With WDM Audio. It uses WDM Kernel-Streaming and sometimes even more sophisticated methods to. Prior to the acquisition MyGlamm was acquiring about 30,000 new customers a month but that is now 2.5 lakh.ASIO4ALL is a hardware independent low latency ASIO driver for WDM audio devices. The company acquired women-centric content platform POPXo last year with a view to adding to its customer base.
MyGlamm has set itself a stiff target of acquiring four million customers this year driven by new categories including make-up, skin, hair and personal care. His firm is working overtime to fulfil these desires. Sanghvi believes consumers were probably making small-ticket buys like lipsticks to satisfy their cravings. Consumers want to go online, read the feedback and then buy," Ganguly explains.ĭarpan Sanghvi, founder & CEO at MyGlamm, that recently raised Rs 530 crore from investors including Accel, Wipro and Amazon, says he has not seen any fall in lipstick sales during the pandemic. "The big beauty brands did not have this opportunity, they would only look at retailing their products. Founder & CEO Anondeep Ganguly says online brands allow customers to check out reviews and receive suggestions. The brand that offers products within the price bracket of Rs 500-1,500 has managed to get close to 6,000 customers and delivers across 280 pin codes.
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Premium online skin care brand Skin Pots is making inroads into tier one and two cities.
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Mukherjee says while the sales from mall counters can be inconsistent since they depend on footfalls, the general trade segment has been profitable contributing nearly 30% of the offline revenues. The company that typically clocks about two million monthly customer visits on its app and website makes about 50% of its revenues from offline channels. Mukherjee, whose SUGAR Cosmetics has 10,000 offline outlets, observes that if you have to compete with the biggest beauty brands, you have to play the whole market. Many of digital players are establishing an offline presence. These are expected to grow at a compounded 13% in the next five years driven by rising per-capita income and the growing share of BPC within those spends. HSBC analysts estimate spends on BPC in total at about $15 billion (Rs 1 lakh crore) or roughly 17% of the total retail retail basket and around 5% ex-grocery.
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"Everyone knows how to shop online and cheap data plans are helping," says Sood.Ĭritically there's purchasing power to support growth.
Co-founder & CEO Raghav Sood says some of these regions even lack regular courier services and the deliveries are fulfilled by India Post. Skin Elements, today delivers in areas like Nagaland, Manipur, Leh and Ladakh and services 10,000 order a month. Women now constitute 44% of online shoppers, up from around 10% just four years ago. What's more discounts are smaller varying between 11.5-12.5% compared with 20% at Amazon.Īlready Facebook and Instagram and of course cheap data, are encouraging more consumers to shop online. Companies need not raise funds every six months," says Kaushik Mukherjee, co-founder & COO at SUGAR Cosmetics.
"Beauty products have very attractive gross margins. With Nykaa set to hit the stock markets, the online beauty space is now in the limelight." © Provided by The Financial Express Moreover, the share of working women is increasing while more women are shopping online. With the unit economics relatively easier to achieve and the fattest of gross margins - even better than in fashion -the online BPC space is expected to grow at a fast clip driven by a compounded 30% increase in spends over the next five years.
With the unit economics relatively easier to achieve and the fattest of gross margins - even better than in fashion -the online BPC space is expected to grow at a fast clip driven by a compounded 30% increase in spends over the next five years.Įven as the large horizontal players like Amazon, Flipkart, Tata Digital and Reliance continue to dominate India's e-commerce landscape, a host of niche players are creating their own markets among the segments that is gaining scale is beauty and personal care (BPC).
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