Call it the Virat Kohli effect or Ranveer Singh cult, a new trend has emerged in the male grooming world where many can be seen sporting a stubble or beard of different lengths. This has also thrown an open box for entrepreneurs into the beard grooming category. Facial hair is no more uncouth, untidy or a sign of poor grooming, but men today feel instead of removing it, beard should be kept neat and tidy. This is where the beard care products come in, forming a bridge between hair care and skin care. Male grooming products like facial hair oils, wax and conditioners are flooding the market. Though critics assume that the trend will fade away with time, several start-ups are building an industry around the beard.
The blades are out
From David Beckham to Kit Harrington (a.k.a John Snow), the bearding styles have invaded salons and barbershop. Men can be seen sporting a stubble, a goatee, a flowing beard, a gruffy, a french even in the suave circles of corporates. It is so, that according to Associated Chambers of Commerce of India, the male grooming business is projected to reach $20 billion mark by 2025.
Working as a chartered accountant in London, Karan Chadha could wear his beard to office, provided it was well groomed. This triggered the idea of launching a beard grooming platform in India, called Gangs of Beard. Karan recalls, “It actually gave me an idea to get such grooming products in the Indian market for men, who would like to keep beard.” Growing and grooming a beard is fun when it’s a new experience in life. Grooming start-ups are targeting the audience between 18 and 35, as men in this bracket are usually more conscious of their appearance. While the white space created in the male grooming market is quite enormous, the existing sector holds immense potential in the women’s space too. Looking at the opportunity, Chandigarh-based Siddhartha Oberoi launched Lets Shave in 2015- the first such platform in India. With over two lakh customer in one-and-a-half years and almost 40 percent repeat customers, Lets Shave aims to go head-to-head with Gillette.
Esta historia es de la edición April 2017 de Entrepreneur magazine.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición April 2017 de Entrepreneur magazine.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
How To Ask Family For Money
Your friends-and-family fundraising round doesn't have to be scary and awkward. Here's advice from one of the world's leading investors.
Data Breach Drama: When Trust Turns Costly In A Digital Age
Amid data breaches surges, Indian businesses are prone to financial and reputational fallout. Can cyber insurance emerge as a safeguard?
THE TERRAIN TAMER
Spearheading a California-based, Series D SaaS company is no easy feat. It requires a blend of ownership, innovation, and the ability to handle stress. But Anand Jain, co-founder and chief product officer of Clever Tap, finds his calm by escaping to rough terrain whenever he gets the chance-be it India or Colombia.
THE INTELLIGENT READS
Hardika Shah founded Kinara Capital in 2011 with the mission to address the acute credit gap in the micro-small-medium-enterprises (MSME) sector in India, by providing fast and flexible business capital to small business entrepreneurs. Despite operating in highly competitive and tough market of collateral free loans, Kinara Capital has been steadily growing in Hardika's leadership. In conversation with Entrepreneur, Hardika shares insights on her favourite books.
THE CURSE OF GROWING TOO FAST
FAIRE is a platform for small businesses, but it grew big the wrong way-almost becoming a $12 billion wreck. Here's how it fixed the problem, and why you should think twice before skyrocketing.
There's No Perfect Answer
I worked the same job for 19 years. I hated it, but it paid the bills. Then, in 2017, I entertained an exciting but terrifying question: Could I be an entrepreneur? I wasn't sure, so I needed something that felt like a guarantee. I searched for signs that would feel like a big, clear \"yes!\"
Give Yourself the Gift of Time
Happy holidays! Emmy Award-winning tech expert Mario Armstrong has five recs to get more hours in the day.
How to Become a Main Street Millionaire
It started when I bought one little laundromat. Now I have a whole portfolio of small local businesses that bring in tens of millions in revenue a year. Here's why following my playbook could be your ticket to financial freedom-and saving America's local small businesses.
Want to Better Serve Your Clients? Become Them.
As a designer for brands, starting my own product company gave me a dose of humility-and it changed the way I relate to clients.
How to Succeed With Gen Z Workers
People often say that younger employees are different. But are they? We asked six business leaders what they've learned, and how their teams thrive.