Meet Gaurav Nigam, who left high-profile job, turned small dry-cleaning firm into Rs 116 crore business | Photo: Twitter
Any firm have to be constructed with unwavering dedication, resiliency, and the willingness to face issues and study from them. When carried out correctly, even the only thought might turn out to be a profitable start-up. Success is feasible with the proper mixture of components. Gaurav Nigam’s success story explains how his thought for Tumbledry, which offers dry cleansing and laundry companies, grew into a Rs 100 crore business in solely 4 years.
Who is Gaurav Nigam?
Lucknow native Gaurav attended the famend La Martiniere College there for his B.Com diploma. He then graduated from Symbiosis International University, Pune, with an MBA. After finishing his schooling, he was employed by Airtel, a company within the telecom trade.
He spent over a decade there earlier than transferring on to turn out to be the product director of the cell phone producer Lava. Nevertheless, he stop his job and co-founded TumbleDry with former coworkers Naveen Chawla and Gaurav Teotia. This business has dry cleansing amenities throughout the nation.
The firm simply started working 4 years in the past, however it’s already current in additional than 180 cities throughout the nation. In the close to future, the firm can have greater than 600 retailers. In the earlier fiscal yr, it generated income of Rs 116 crore.
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How did TumbleDry start?
The marketplace for laundry companies in India has expanded significantly in recent times and is now considered price greater than Rs 20,000 crores, Economic Times reported. When he served because the Product Head of Lava, in response to Gaurav Nigam, he was ordered to spend 15 days in China every month.
He used to stay within the lodge all through this time, however he did not get his garments cleaned there. He started to look about and found a neighbourhood dry cleaner. He was impressed by that and created such a community in India. He had beforehand studied the dry cleansing division of inns just like the Taj and Oberoi. In addition, he went to a dry cleansing store in Dubai. He then sketched up the design for his chain of shops.
According to Gaurav, massive companies management nearly all of the industries. However, one trade that continues to function within the unorganised sector is dry cleansing. He determined to discover this trade for that motive. Before beginning Tumbledry, he carried out in depth analysis.
There has been a lot research performed on all of those matters, together with the place the chemical substances for laundry clothes will come from, the place the steaming press tools will come from, and the place the dry cleansing tools will come from. The retailer’s format was then determined upon.