DSGCP Deepak's Musings #114: Unicorns with private valuations are never real

July 07, 2023

All things consumer & insurgent brands. What I am currently reading, thinking about, and reflecting upon. You can follow me on Twitter at @dishahdadpuri or follow DSGCP at @dsgcp.

L’Occitane delivers a strong set of full-year numbers

Very impressive performance as luxury BPC brands continue to scale.

L’Occitane sales breach $2 billion milestone

L’Occitane sales have exceeded the US$2 billion mark driven by strong sales from Elemis and Sol de Janeiro brands.

Kanwal Rekhi: “Unicorns with private valuations are never real”

Veteran Indian VC Kanwal Rekhi speaks to The Cap Table. The interview is wide-ranging and spans topics that many entrepreneurs and VCs are talking about.

Veteran VC Kanwal Rekhi on Byju’s chaos, Sequoia’s split, and why easy money breeds bad habits

The India playbook: Every CPG company is looking at premiumisation as part of the growth strategy

I have been meeting with the CXO level at local and global CPG companies for almost 20 years. And it has never been more in sync that they are looking at premiumisation as a (core) part of their growth strategy.

Colgate-Palmolive focusing on premiumisation as part of its growth strategy

Colgate-Palmolive: Rising incomes, rising aspiration and the democratisation of availability through e-commerce have led to rapid growth in these categories, CPIL added.

Portfolio Update: Leverage Edu closes a new round of funding 👩🏽‍🎓👨🏼‍🎓

DSGCP first invested in Leverage Edu in December 2018 and has participated in all rounds since. Founder and CEO Akshay Chaturvedi has built one of the leading college admissions businesses which has attracted investment from ETS and Shorelight, two US-based education specialists.

Study Abroad Platform Leverage Edu Raises $40 Mn At $150 Mn Valuation

Noida-based study abroad platform Leverage Edu has secured $40 Mn in its Series C funding round led by the language testing conglomerate ETS.

☕☕ Cafe chains in India are now growing faster than quick service restaurants (QSR)☕☕

Indians continue to flock to cafe chains to socialise and hang out.

It's the cafe chains that the young are flocking to - ET Retail

Nestle: Cafe chains in India are now growing faster than quick service restaurants (QSR) as younger, aspirational consumers increasingly prefer to meet and hang out in cafes despite high menu prices, executives and analyst reports say.

Portfolio Update: Pip & Nut launches nationwide in the UK at M&S (Marks & Spencers) 🌰🐿️

This isn't just any listing.... this is an M&S listing!

Pip and her amazing team are absolutely chuffed to be launching into Marks and Spencer stores UK-wide, with not one, but two of their delicious Chocolate Nut Butter Cups. That's right, both Milk Chocolate Peanut and Dark Chocolate Almond Butter Cups will be nesting on the shelves of M&S, ready to bring some nut butter joy to consumers. As a little reminder to anyone unfamiliar, Pip’s moreish cups are filled with real nut butter and wrapped in silky smooth chocolate, crafted from Colombian cocoa beans that are in the top 8% of the world. There's nothing not to love!

Pip & Nut nut butter cups are now at M&S

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