Saturday, April 27, 2024
News
NEWS HOME
»
PRESS RELEASES

Beyoung.in Clocking 3 Cr Monthly Revenue in Span of 2.5 Years - Shivam Soni Outlines Growth Plan
  SocialTwist Tell-a-Friend  
   


Date: 02-11-2020 10:30AM
Source: Beyoung.in
Category: Business/ Finance, Retailers, General, Consumer Interest, Fashion, Internet, Lifestyle, Start Up, Ecommerce, Financial Analyst & Investors, Accounting And Management, Clothing And Accessories, Retailers, Sme
Location: Udaipur, Rajasthan, India

Business Wire India
From Few Thousands to Crores, the e-com fashion industry has a new BIG BOY in the arena - Beyoung.in which is giving a breakthrough performance since 2018 by making the operations hub in Udaipur, Rajasthan.

Today, Beyoung.in is logging 3 crores per month revenue from an absolutely delightful product range. Beyoung is a home-grown fashion brand initiated with an ideology of catering the latest fashion trend in t-shirts, mobile accessories, and other USPs like couple tees, custom products, and not forgetting the Plus Size apparels which have swept the mass market with an ace at a pocket-friendly price. The company members calling themselves Beyoungsters include 3 passionate entrepreneurs Shivam Soni (CEO), Sakshi Soni (co-founder), and Shivani Soni (co-founder). Within one year, the team strength was noted 35, and further, by Sept 2020, 90+ Beyoungsters are working under the Beyoung’s Base.

Beyoung is a self-funded startup launched with a capital investment of Rs.1 lakh. During the initial days, the brand created its unique presence on the social media platform with a massive brand launch. Further, the quirky t-shirt designs like Peeping Panda and Believe were the bestselling along with the plus size tees that grabbed the eyes of all age-groups. This has led to acquiring approximately 10 Million users till date. As Beyoung claimed, they are observing 2X growth in the customers every month.

Recently, in 2020 like every other brand Beyoung has also faced delivery issues as the shipping partners were not working at full force that led to slow down Beyoung’s shipments. Simultaneously, they noticed a reduction on the average basket size from Rs 750 to Rs 500 and orders from 40,000 to 20,000. However, amidst lockdown, Beyoung planned to come back with a headstart by launching several campaigns and safety essentials. No layoffs were recorded during and post lockdown. Shivam Soni confirms the exponential growth in the basket size and number of orders. Also, expecting the 3X growth in the consecutive 3 months.

“While setting up a brand like Beyoung in Udaipur was a bit challenging because of obvious reasons but I was fortunate to have good team members and co-founders by my side who have a single vision of making Beyoung the best and fastest growing fashion brand.

Our all-time favorite products, like Plain and Graphic T-shirts, Boxers, and Combos, have changed the entire figures in no time. My objective is to make Beyoung a GO-TO brand where every age group and gender takes a happening shopping experience with them. Our customer satisfaction rate has always been around 90-95%. In a nutshell, we have just started and there is a long way to cover the unchartered territories. Our zeal, attitude and trust of shoppers makes Beyoung – Everyone’s Brand, and it will always be intact,” says Shivam Soni.

He also added that the company is now heading towards launching the android iOS Application with more additional features that have been kept concealed as of now. With such vibrant online presence Beyoung is in the offline market as well with exclusive fashion outlets which are kept on stand-by because of Covid Pandemic. In the first quarter of 2021, Beyoung is planning to resume the Fashion Outlets with Next-Gen Shopping Experience. Recently, the brand launched Canvas Painting that has received a flawless response. In the line of new-product range, the brand is coming up with 4-5 exclusive Beyoung Originals that confirm to drive 3X sales.

Further outlining the growth plan, by the end of FY 2021, Beyoung is targeting to process 60,000 orders per month, also to generate approximate 5 crore sales per month. The objective is crystal clear that is to make Beyoung Everyone’s Loved Indian Fashion Brand. In doing so, the brand is focusing on launching fresh designs in the most popular category like half-sleeve t-shirts, mobile covers and default templates in customization.

Till now, Beyoung has acknowledged a massive growth of 800% in the span of 2.5 years, which sets a hallmark for being a self-funded startup. Now, Beyoung is heading its footprint to another milestone with a wider product range in women’s category and home decor, new features on web-app, Android and iOS Application, Next-Gen shopping experience and order volume. The transparent and honest behavior of Beyoung is giving a free passage to become Everyone’s Brand.


More Press Releases

C3.ai Digital Transformation Institute Announces AI for Energy and Climate Security Grantees

Moody’s Launches Moody’s Moments Video Series Providing Insight into Corporate Strategy

IDEMIA Signs With Storstockholms Lokaltrafik “SL” to Launch the World’s First Ever Public Transport EMV White Label Cards

Celebrity Face: India's No.1 Platform for Aspiring Content Creators and Fans to Photoshoot with Top Celebrities

Tally Solutions Announces the First Edition of MSME Honours

Sourced from the Himalayan Regions, Moving to the Wonders of Australia - BOHECO Joins Hands with Spring Sciences Australia

Moneycontrol App's Monthly Active Users Six Times Larger Than Its Closest Competitor for May 2021 - Similarweb

Healthcare Cloud Unicorn, Innovaccer, Certified as a Great Place to Work® Company

The Nation Gears up for the First-ever Edition of National Poker Series, India

DXC Technology Welcomes Brenda Tsai as Chief Marketing and Communications Officer

Schlumberger New Energy and Panasonic Energy of North America Announce Strategic Collaboration on New Battery-Grade Lithium Production Process

Fashion Designer Sanjukta Dutta Contributes Towards the Vaccination Drive Held in Assam Under the Guidance of Honorable Chief Minister Dr. Hemanta Biswa Sarma

Western Union Accelerates Digital Money Movement for Postal Networks Worldwide

NMIMS School of Branding and Advertising Partners with 120 Media Collective and Advertising Standards Council of India

High-Touch Spectacles Now Made Virus Free by ZEISS DuraVision AntiVirus Platinum UV

IRM India Affiliate Announces Results for May 2021 Level-1 Examination

Wipro Annual Report 2021 on Form 20-F Available Online for ADS Holders

RSA Introduces Outseer, a Spinout of its Fraud & Risk Intelligence Unit, to Transform Customer Authentication and Accelerate Revenue for the Digital Economy

Abu Dhabi Based Tablez to Expand Upon Investment in India’s Toys Sector With Its Proprietary Brand

 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
INDIA WORLD ASIA
'People of minority communities angry, u...
Tripura Zoo implements various measures ...
Earthquake of 3.2 magnitude hits J-K's K...
Firing outside Salman's residence: Mumba...
Land sinks in J-K: About 30 houses damag...
Peaceful polling in Tripura East witness...
More...    
 
 Top Stories
Qatar pledges USD 3 million aid to ... 
UAE: Burjeel Medical City carries o... 
If today, Centre says that all VVPA... 
Lok Sabha elections phase 2 witness... 
UAE: Hamdan bin Mohamed bin Zayed r... 
Sandeshkhali heading towards danger... 
"Election in Outer Manipur has been... 
UAE: Dialogue sessions, workshops f...