Prabhkiran Singh is the Director and Co-founder at Bewakoof, one of India’s largest casualwear and lifestyle brands. The company keeps a regular check on trendy fashion products and offers their customers an affordable price for the products. Its net worth has increased by 7.39%. The estimated annual revenue of Bewakoof in 2020 was INR 200 Crores.The net worth of Bewakoof is estimated at INR 100 Crores.
In this StartupTalky article, we will explore Prabhkiran Singh’s success story, including his early life, history, net worth, childhood, personal life, education, investments, achievements, and more.
Prabhkiran wanted to become a cricketer and play for India. He did not think he could do a 9-5 job which is why he started working or planning on his entrepreneurial journey from his college days. Prabhkiran started his first business venture in his college days with a lassi cafe, known as khadke gLASSI, before co-founding Bewakoof.com in the year 2012. He currently resides in Mumbai, Maharashtra, India.
Prabhkiran Singh – Education
Prabhkiran Singh’s educational resume shows that he studied Bachelor of Technology degree in Civil Engineering from the Indian Institute of Technology (IIT), Bombay from 2007-2011.
Prabhkiran Singh – Professional Life
Prabhkiran was an internship trainee for two months at Delhi Metro Rail Corporation Ltd. He kept a check on the maintenance and Quality Audits of newly built Metro Civil Structures.
He founded “khadke gLASSI” which ran for eight months from February 2010 to September 2010. The company produced a chain of lassi outlets selling fresh and flavored lassi, via take-away joints, opened with the vision to tap the “latent” lassi market of India. The Times of India and the National News Channel News 24 featured the venture and appreciated the innovative business model.
At the age of 23, he founded his online fashion and lifestyle venture, Bewakoof in 2012. Under his supervision, Bewakoof has grown by leaps and bounds. He has been actively growing the business since its formation.
Prabhkiran Singh – Founder of Bewakoof
Prabhkiran Singh is the Director and Co-founder at Bewakoof. He founded Bewakoof Brands Private Limited in April 2012, headquartered in Mumbai, Maharashtra, India with his friend and Co-founder, Siddharth Munot.
The business model of Bewakoof is backed by strong innovation in Technology and Supply Chain with an aim to make fashion affordable and accessible to the youngsters of India. The site receives half a million visitors per month, mostly transmitted from their own social media channels.
Bewakoof is the biggest D2C online brand in India and the company aims to be the most loved and respected brand among youngsters. The four days of Mind to Market in Printed Products made Bewakoof the fastest supply chain in the segment. Now it literally sells 1 lakh products per month and ships to more than 19000 pin codes.
Prabhkiran has been working on it since his IIT Mumbai days and discussed the do’s and don’ts with his hostel friends. He aimed to balance high-quality products with the price of a product, to make it affordable for all. He strongly believed in team spirit and ethics and worked with his employees as brand partners.
Bewakoof is one of the fastest-growing online-only fashion and lifestyle brands in India. It captivates with its casual, impactful, and stylish approach. The brand is a symbol of quirky and cool fashion available to the customers at affordable prices which acquires a significant fondness among people and has a cool and funky approach across all social media platforms.
Bewakoof is specially made for youngsters and has a strong base of audiences across its social media platform. About ten Bollywood movies advertised and merchandised the e-commerce venture with over 3000+ style trends. It caters to the younger audience mostly of the 15-35 age group and has a widespread collection in men’s and women’s categories.
Bewakoof initially started with an investment of INR 30,000. The company started receiving seed funding after six months of operations. Prabhkiran also raised angel funding via Snapdeal founders, Kunal Bahl and Rohit Bansal, and Former IDFC Securities MD, Nikhil Vora.
Aditya Birla’s TMRW acquired a majority stake of 70-80% in Bewakoof by investing INR 200 crore in the company in December 2022. As of February 15, 2023, Bewakoof Brands is now a step-down subsidiary of Aditya Birla’s TMRW.
Prabhkiran Singh – Idea behind the name Bewakoof
The name Bewakoof is a Hindi word that means one who does not understand anything. Prabhkiran revealed that Bewakoof is all about adding cheerfulness, making it less boring, more fun, less serious, less worrying, and more hopeful. It signifies the light-heartedness of life, by enabling Self Expression via Products that make the shopping experience fun and affordable at the same time.
Thus we can say that a Bewakoof is someone who follows his heart. He does not act in accordance with societal constraints. The Indian young population is undoubtedly a cool generation that believes in following their hearts, thus Bewakoof eventually becomes a relatable brand.
Bewakoof Financials 2023
In FY23, Bewakoof’s revenue decreased from INR 160.2 crore to INR 147.1 crore in FY22. They reported a net loss of INR 30.1 crore in 2022 and INR 12.7 crore, due to total expenses remaining high at INR 241.8 crore in 2023. Key costs included materials, employee benefits, and advertising.
Prabhkiran Singh – Bewakoof Movie Merchandising
Movie merchandising is an area of importance for the company. Prabhkiran Singh, Bewakoof owner, efficiently worked with merchandise partners forBollywood movies like, ‘Gunday’, ‘Bewakoofiyan’, ‘Gangs of Wasseypur’, ‘Boss’ and ‘Sholay’.
He asserted that Bewakoof is Bollywood’s favorite brand and the first point of contact for merchandising all major production houses. It has already partnered with Yash Raj Films (YRF), Red Chillies, Eros, T-Series, Viacom18, Excel Entertainment, and Zee TV for their movies as their exclusive merchandising partners.
He further got the license to merchandise globally popular entities like Disney, Marvel, DC, Archie, Garfield, SpongeBob, and more.
Prabhkiran Singh also founded a website, Utter Bewakoof which displayed a stream of viral-worthy articles. The articles are based on providing funky, engaging youth-oriented contemporary content. The website has become a reading hub with the latest slice and spice of trending stories happening around the world.
FAQs
Who is Bewakoof founder?
The 2 Bewakoof founders are Prabhkiran Singh and Siddharth Munot.
Who is Bewakoof CEO?
Prabhkiran Singh is the founder and CEO of Bewakoof.com.
Is Bewakoof an Indian brand?
Yes. Bewakoof is headquartered in Mumbai, India.
What is Prabhkiran Singh, owner of Bewakoof net worth?
The net worth of Prabhkiran Singh is unknown but the Net Worth of Bewakoof is well beyond INR 100 Crores.
What is Prabhkiran Singh age?
Prabhkiran Singh was born in 1990. He is 34 years old.
Who is Prabhkiran Singh’s wife?
Jaya Singh is the wife of Prabhkiran Singh.
What is Prabhkiran Singh education?
Prabhkiran Singh studied Bachelor of Technology degree in Civil Engineering fromthe Indian Institute of Technology (IIT), Bombay.
Who is Bewakoof brand owner?
Bewakoof was acquired by Aditya Birla’s TMRW for INR 200 crore.
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Bewakoof is a fashion destination that proudly celebrates the art of being fashionably silly, leaving a rebel in the mix amidst a sea of fashion portals preaching the gospel of elegance and classy. Upon perusing the typical options, Bewakoof sticks out as it provides not just clothing but also an energetic way of life that appeals to your inner free-spirited millennial.
Bewakoof, which was founded in 2012 by the dynamic pair Prabhkiran Singh and Siddharth Munot, doesn’t just follow trends—it creates them. Get ready to explore a world where your unabashed sense of style meets vibrant, eye-catching designs. Welcome to the revolution, where the standard of fashion is highly variable.
This post provides you with information about How Bewakoof started, Bewakoof’s Startup Story, History, Tagline, Logo, Business Model, Funding, Revenue, Competitors, Growth, and more.
Founded in 2012, Bewakoof is a lifestyle fashion brand that makes creative and top-notch apparel for trendy, contemporary Indians. Bewakoof was launched on the principle of creating impact through innovation, honesty, and thoughtfulness. It has become one of the most sought-after fashion brands of millennials and Gen Z. The lifestyle brand has created a new niche in the fashion and apparel market with its innovative and interesting ideas and captivating catalog.
Bewakoof is hands-down amazing when it comes to creating light-hearted, fun, and quirky everyday outfits and other products (like mobile covers). Bewakoof quotes are some of the most intriguing things that the company offers along with its merchandise. Furthermore, the Bewakoof shirts, t-shirts, and other Bewakoof.com products are available at pocket-friendly prices. Moreover, its unique name is enough to turn heads.
Bewakoof.com, which sells apparel and mobile phone covers, is better known for creating head-turning catalogs like its ‘Ghanta’ collection of t-shirts for college students with messages like ‘Ghanta Engineering/Ghanta MBA’; the collection was a big hit and was tagged as ‘best-seller’ by the company. Bewakoof primarily caters to the age group of 16–34 years.
Fashion and lifestyle is the second-largest consumer category in India, with a huge worth of $110 billion, in the country’s bustling consumer environment. The global fashion market generated a revenue of approximately $1.7 trillion in 2024.
Projections show that the fashion industry’s digital wave will continue to rise rapidly in the future. With a compound annual growth rate (CAGR) of 25%, the online fashion business is expected to reach a stunning $35 billion by the fiscal year 2028 (FY28). These findings highlight the revolutionary move in India’s fashion industry toward internet platforms, which presents enormous prospects for companies and customers alike.
Bewakoof – Founders and Team
Prabhkiran Singh and Siddharth Munot are the founders of Bewakoof.
Prabhkiran Singh
Prabhkiran Singh – Co-Founder and CEO of Bewakoof
Prabhkiran is a civil engineering graduate from IIT Bombay, much like his co-founder, who interned at Delhi Metro Rail Corporation Ltd., after which he decided to found khadke gLASSI. Prabhkiran started his lassi venture outside his college and named it khadke gLASSI. Unfortunately, it didn’t go that well and closed down soon. After his brief stint with the former, he went to found Bewakoof in April 2012.
Siddharth Munot is the co-founder of Bewakoof. Munot is a B.tech engineer from IIT Bombay who started his career as a teacher at PACE Institute. Siddharth then started his entrepreneurial career by co-founding Munot Networks LLP before co-founding Bewakoof. Siddharth left the company in March 2021 after 10 years with the company. Along with being a co-founder of Bewakoof Siddharth is also the co-founder of Machau Bamboo Products Pvt. Ltd.
Bewakoof – Startup Story
Prabhkiran Singh and Siddharth Munot,thefounders of Bewakoof, were sitting outside their campus and brainstorming possible ideas for their venture. The idea of t-shirt printing was finalized as it resonated with their mission of bringing the humor factor into the lives of college students.
Prabhkiran and Siddharth began researching the latest youth trends and lifestyles. They started designing quotes that would then be printed on t-shirts. And that’s how Bewakoof came into existence. Back in 2010, when Prabhkiran Singh and Siddharth Munot were searching for a domain name for their newly started t-shirt printing business, they came across Bewakoof.com and purchased it immediately.
It so happened that April was about to start, and April Fool’s Day was around the corner. The name Bewakoof is humorous, witty, and sits well with the youth. Bewakoof and April Fool’s Day went hand in hand and the decision to purchase the domain name made complete sense. The website was launched in 2012, though. The target audience for Bewakoof.com was college students. The t-shirts with humorous designs depicted the various scenarios of a college goer’s life.
Bewakoof’s Secret to Success
Bewakoof – Mission and Vision
Bewakoof, mission is to “redefine the fashion landscape by making style not just a luxury but an everyday accessible delight”. The company was started with the vision to create an impact through innovation, honesty, and thoughtfulness.
Bewakoof – Name, Tagline, and Logo
Brand recall is at its highest with Bewakoof because of its cool and trendy name. The founders finalized this name because ‘Bewakoof’ (stupid in English) is what the society considers people who perform silly stunts and ‘out of the box’ activities; actions that don’t adhere to the society’s norms and methods.
Bewakoof Logo
These ‘Bewakoof logs‘ make this world a better and wonderful place to live in. Hence, the founders thought that it would be a great name. The decision surely acted in their favor, given the popularity Bewakoof.com has achieved.
Bewakoof – Marketing Strategy
Bewakoof primarily relied on Facebook to market and promote its products in the initial stages. It worked so well for the brand that in just a few months, its Facebook page had more than 75 thousand users. Apart from the social media channels, the startup also created some dynamic college campaigns where it asked students to spread ‘Beewakoofy’ around the college campus in return for free tees from the company.
Moreover, the company also aggressively promoted its products by tying up with top eCommerce siteslike Snapdeal, Indiatimes Shopping, and Seventymm to sell its appealing apparel range and other products.
The marketing team drove website traffic through two Facebook pages: “2 Min Aaya Yaar Raste Mei Hoon” and the company page “bewakoof.com”. These pages were well-received by the target audience. They kept the millennials occupied with memes and trolls which were also used to promote the apparel catalog on Bewakoof’s website.
It doesn’t come as a surprise that the strength of the company lies in the appealing and trendy quotes printed on its range of t-shirts and various other products. The merchandise certainly seems to attract the viewer at first glance. Bewakoof is also loaded with user-friendly plans like COD (cash on delivery) and replacement options. Customers are bound to have a great shopping experience with Bewakoof.com.
Celebrity Engagement with Rajkummar Rao
On June 11, 2021, Bewakoof’s first celebrity engagement: Rajkummar Rao came on board to promote the Bewakoof brand across all digital platforms.
Brand Campaign with Sidharth Malhotra & Fatima Sana Shaikh
On November 10, 2021, Bewakoof set its digital campaign live with the cool student of the year, Sidharth Malhotra, and Dangal star Fatima Sana Shaikh. The theme of the campaign is Never Change.
Prabhkiran Singh, Founder CEO, Bewakoof, says, “We are the market leaders in the fashion industry and have built our business without any godfathers. When we thought of rolling out our new campaign centered around Never Change, Sid and Fatima were our obvious choice because, as a brand, we identify with them. In our early days, we were ridiculed for our brand name, business model but we didn’t change nor did we give up. As a brand, we see these disruptive qualities in both Sid and Fatima.”
Sidharth Malhotra is known for his layered acting which translates into strong storytelling. Sidharth represents the aspirations of the youth with a clear message that if you believe in something and then follow your approach with grit and rigor, you will emerge a winner. On his association with Bewakoof, he says, “Bewakoof has uber-cool clothes which you can easily add to your wardrobe. It was a fun collaboration & friendly Masti vibe wearing their quirky outfits.”
Fatima, who started her career with cameos, won well-deserved accolades for her work in Dangal. She has been unstoppable since then. Her work in multi-starrers movies like Ludo, Suraj pe Mangal Bhari, and Ajeeb Dastans, proves that she can stand her ground even among some of the most successful actors just like Bewakoof stands tall among other D2C brands in India. Commenting on her engagement with Bewakoof, Fatima says, “Bewakoof’s journey has been similar to mine. This got me interested in associating with the brand as I could identify with the expressions, language, and styling they promote. The comfort level with the brand and the products that I tried won me over.”
Bewakoof teamed with Sanya Malhotra
Bewakoof teams up with the brand ambassador of the brand, Sanya Malhotra to launch a new campaign in July 2021, which was titled “Bewakoof banti hai.”
Ordering from Bewakoof made easy
Bewakoof – Business Model
Bewakoof is a direct-to-consumer (DTC) powerhouse in the fashion industry, with a unique business approach. The Mumbai-based company has a full 360-degree strategy, handling every aspect of the business from end-to-end production and internal warehousing to designing and merchandising. Being the only company with a single brand is what makes Bewakoof stand out from other standard eCommerce sites that only sell goods made by other people.
Catering to the youth demographic, Bewakoof exudes a dynamic and trend-focused approach. The brand actively incorporates trends into its tactics rather than merely following them. Bewakoof has cultivated a unique and stylish brand among young people by adhering to viral social media material and putting well-known punchlines on t-shirts. The brand’s timely introduction of new designs reflects its pulse on current fashion and lifestyle trends. Furthermore, Bewakoof actively seeks feedback and ideas from its community of social media followers, fostering a collaborative and trend-setting experience for the brand’s vibrant audience.
Bewakoof generates revenue from a variety of resources. Here are a few of them:
Product Sales: Bewakoof’s primary source of income is the direct sale of a wide variety of goods that are offered on its platform. These goods include t-shirts, shirts, dresses, joggers, shorts, shoes, purses, and accessories for mobile devices.
Subscription Services: Bewakoof sells subscription services to augment its income.
Commissions from Brands: Bewakoof generates income by serving as a venue for joint marketing and advertising initiatives with other brands.
Advertising and Campaigns: Another revenue stream for Bewakoof involves income from advertising and campaign collaborations.
Bewakoof – Challenges Faced
Bewakoof has previously faced difficulties with supply concerns, protracted process cycles, and a lack of strategic alignment with vendors. These obstacles were successfully overcome by developing long-lasting connections and solid alliances with a small number of key suppliers.
However, in the years 2020 and 2021, the landscape of sourcing from Bangladesh witnessed changes. The benefits from this area have become less significant when compared, mainly because cotton fiber is now more expensive. Bangladesh imports a large amount of its yarn from India, and historically, Bangladesh has benefited from lower yarn prices worldwide. However, this advantage has diminished. This change is a result of the increased price and scarcity of cotton, which brings new dynamics and difficulties to Bewakoof’s sourcing procedure.
Bewakoof – Funding and Investors
Bewakoof has raised a total of $49.3 million in eight rounds of funding. Aditya Birla’s TMRW acquired a majority stake of 70-80% in Bewakoof by investing INR 200 crore in the company in December 2022. As of February 15, 2023, Bewakoof Brands is now a step-down subsidiary of Aditya Birla’s TMRW.
Bewakoof’s funding details are as follows –
Date
Stage
Amount
Investors
December 01, 2022
Series B
INR 270.56 crore
Aditya Birla Digital Fashion Ventures
December 27, 2021
Debt Financing
–
Klub
August 25, 2021
Series B
$8.08 million
Investcorp
March 18, 2021
–
$4.04 million
IvyCap Ventures
August 26, 2020
Convertible Note
$1.07 million
Aarti Corporate Services
October 14, 2019
Venture Round
$10.77 million
Investcorp Gulf Investments
March 8, 2018
Seed Round
$75.4K
–
January 8, 2015
Venture Round
–
Snapdeal, Kunal Bahl, Rohit Bansal
Bewakoof boasts of Kunal Bahl, Rohit Bansal, Snapdeal, IvyCap Ventures, and Investcorp Gulf Investments as its investors.
Bewakoof, a prominent player in the fashion industry, boasts an impressive track record. As of December 2023, it had 45 SKUs and over 5 lakh users. The brand has sold over 1 crore products to date thanks to its dedication to style and quality.
With over 60 lakh app downloads, Bewakoof’s digital presence is impressive and a testament to its broad appeal. The company had served a sizable customer base, with over a lakh new users joining each month, and it had reached 6 million subscribers.
On July 13, 2021, Bewakoof opened Cosmos Beauty as part of its effort to expand its product line and diversify. Cosmos Beauty began its journey with 43 items, which included bath salts, day and night creams, serums, and more, all inspired by natural ingredients and minerals. This growth demonstrates Bewakoof’s dedication to providing its ever-expanding clientele with a comprehensive and fashionable lifestyle experience.
Financials
Bewakoof Financials 2023
Bewakoof Financials FY23
FY22
FY23
Operating Revenue
INR 160.2 crore
INR 147.1 crore
Total Expenses
INR 240.5 crore
INR 241.8 crore
Cost of Procured Material
INR 87.4 crore
INR 85.6 crore
Employee Benefit Expenses
INR 40.1 crore
INR 59 crore
Advertisement Expenses
INR 33.7 crore
INR 28 crore
Net Loss/Profit
INR -30.1 crore
INR -12.7 crore
In FY23, Bewakoof’s revenue decreased from INR 160.2 crore to INR 147.1 crore in FY22. They reported a net loss of INR 30.1 crore in 2022 and INR 12.7 crore, due to total expenses remaining high at INR 241.8 crore in 2023. Key costs included materials, employee benefits, and advertising.
EBITDA
Bewakoof FY21-FY22
FY21
FY22
EBITDA Margin
-10.22%
-45.52%
Expense/Rs of Op Revenue
Rs 1.17
Rs 1.42
ROCE
-25.16%
-127.48%
Bewakoof – Advertisements and Social Media Campaigns
Bewakoof Campaign
Introducing Rashmika Mandanna as their new brand ambassador and face of the ‘All Eyes On You’ campaign, Bewakoof is full of pride. Rashmika will serve as a spokesperson for the brand’s vast women’s line, which includes a wide range of stylish shirts, hoodies, joggers, and accessories. ‘All Eyes On You,’ the brand’s newest campaign, was introduced on December 3, 2023, with Rashmika Mandanna at first.
Bewakoof – Competitors
Bewakoof faces direct competition from eCommerce portals such as:
These are some eCommerce platforms that also target fashion online to name a few. Peachmode.com, Globus, Chumbak, Seafolly, Jenny Bird, Infinity Motorcycles, and Buttercups also give stiff competition to Bewakoof.
Bewakoof – Future Plans
Bewakoof is eyeing to achieve sales of around INR 2,000 crores in the next four years. The D2C brand witnessed some celebrity collaborations where the company has roped in actors like Rajkummar Rao, Sanya Malhotra, and Farhan Akhtar. It plans to continue roping in more A-list actors onboard. They are also expanding their product range and improving their brand and technology. They plan to introduce new categories, including innerwear, activewear, and personal care products.
FAQs
Who is Bewakoof founder?
Prabhkiran Singh and Siddharth Munot are the founders and Bewakoof brand owner.
What is Bewakoof?
It is a lifestyle fashion brand that makes creative and distinctive fashion apparel for the trendy, contemporary Indian.
Who is the CEO of Bewakoof?
Prabhkiran Singh serves as Bewakoof’s CEO and Co-Founder.
When did Bewakoof start?
It was launched on 1 April 2012 by Prabhkiran Singh and Siddharth Munot.
Where is Bewakoof located?
Bewakoof Brand Pvt. Ltd., is registered in Thane, Mumbai.
How much is Bewakoof’s Net worth?
Bewakoof is a Rs 482 crore fashion apparel brand as of November 2022.
Is Bewakoof Indian Brand?
Yes. Bewakoof is headquartered in Mumbai, Maharashtra, India.
What is Bewakoof business model?
Bewakoof is a direct-to-consumer (D2C) fashion brand targeting millennials and Gen Z with trendy, affordable clothing and quirky, pop-culture-inspired designs. It sells products online via its website and app, leveraging in-house production for quality and cost control. The brand uses social media and influencer marketing to reach its audience and offers a membership program, “Bewakoof Tribe,” for exclusive discounts.
Who is Bewakoof owner?
Bewakoof was acquired by Aditya Birla’s TMRW for INR 200 crore.
What is Bewakoof profit margin?
Bewakoof generated an operational revenue of INR 147 crore at a loss of INR 12.7 crore in 2023.
What is Bewakoof owner net worth?
The net worth of Bewakoof’s founders is INR 152 crore as of Apr 13, 2022 as per Tracxn.
What is Bewakoof turnover?
As per Statista, Bewakoof’s operating revenue for FY23 stood at over 1.4 billion Indian rupees, reflecting an 8% decline compared to the previous year.
We will buy any products from a company, with the thought- either if that brand is renowned for its services among the locality or we have had a reliable relationship with the brand for decades. For instance- when you think of purchasing clothes the first and foremost thing that pops our mind is ZARA or H&M because these clothing companies have a ‘NAME’ which they have earned through brand loyalty.
Besides, you may have seen that in order to get brand awareness in the market, it is stated that a company should keep an engrossed and eye-catching name to entice as many customers as possible. But, here one such company went beyond that and topped the market with its appealing name and unique products- “Bewakoof” even though society marginalises the name of the company.
As people started to engage in rendering services from this company just by reading its brand name. Curiosity kills a cat, right? You may wonder what kind of services they are rendering under the name “BEWAKOOF”.
Basically, Bewakoof means ‘Stupid’ in Hindi with the tagline ‘A bewakoof follows his heart’ literally which later created a buzz in the market, as the company sells trendy products at an affordable rate. Bewakoof is Mumbai-based e-commerce that vents customized products such as clothes, accessories, beauty care and special collections according to the trends.
About Bewakoof
The company Bewakoof commenced its functioning on 1st April 2012 where that month and day is particularly known for April fool day, People were implausible to shop in such a company when the brand name sounds witty with a jocular tagline. Civil engineering graduated- Prabhkiran Singh and Siddharth Munot are the founders of Bewakoof planned to start their own t-shirt printing business with an aim to bring humour into the lives of college students for the 18-34 age group.
As it is generally known that if you are dead set on starting an online business, the first thing you should think about is INVESTMENT, which demands a vast sum of money. But, Being an e-commerce business model, Bewakoof didn’t advance an initial amount in starting it. As the company is highly focused on social media and connecting audiences through its content & products.
A story behind the name
Bewakoof incorporation happened on 1st April 2021 especially on April fool day, which made society denigrate the inauguration as silly public stunts made by people to engross the community, paradoxically Bewakoof ultimately became the most famous fashion portal in India.
A unique way of marketing their products
The company’s marketing strategies played a unique part in hyping their demand in the market as well as helped to achieve their goals in a short span. This generation really lighted the concept of humor in the name of ‘Meme’, which attained the attention of many internet users.
Bewakoof started their meme page before commencing the T-shirt business, they allure the internet audiences into becoming customers with their memes. Because they emphasize creating memes that are relevant and persuasive to the audience’s interest.
Bewakoof products are always innovative and trendy. They update their product’s design as days pass and innovate the old one into something unusual and fresh. This generation of people are always in search of new things and tend to try new things out.
They always need something different and fashionable, they easily get bored of the old things. And in order to satisfy the customers’ demand, Bewakoof always tries to come up with some new stuff and have successfully maintained their position in the fashion world.
Bewakoof doesn’t maintain more stocks than needed. They keep launching new stuff in the sales. Only a few products are repeated, only if that particular product has high demand from the customer.
Creative Social Media Marketing
Bewakoof has an official page on social media platforms like Facebook and Instagram. They are active and keep updating their products. Social media is the best way of advertising products. People see the products and if they like them, they share them with their friends, like this the popularity increases.
Bewakoof has about 2 million followers on Facebook and around 1.5 million followers on Instagram. The customers can text directly to inquire about the product they liked, and order if they love it.
The customers are updated frequently about the shipping and the delivery date of the ordered product. They mainly focus on the women category as it has more reach compared to the men’s.
Crazy College campaigns and Celebrity Endorsements
Sanya Malhotra Bewakoof Endorsement
To capture the attention of the students, Bewakoof advertised their products by popular Bollywood stars. Bewakoof welcomed the Bollywood actor Sanya Malhotra into their family. Sanya Malhotra will be taking part in the next campaign.
Rajkummar Rao was also featured in their latest digital marketing campaign. Besides, the brand also offered freebie products for those college students who buy or promote Bewakoof T-shirts, which brewed a scuffle in the sales.
Bewakoof is all you need, if you are searching for clothes and accessories that are unique and fashionable, and also at an affordable price. The brand experiments into different stuff so that they produce unique products to the customers. The products are made by ordinary people with extraordinary ideas. Check their official account to know more about the products.
FAQ
What is Bewakoof?
Bewakoof is a fashion brand that has everything the new era needs, efficient, unique and stylish fashion wear. It was created with the notion of delivering the best and distinct fashion product at an affordable price to the coming age.
Who is the founder of Bewakoof?
Bewakoof’s CEO and Co-Founder is Prabhkiran Singh and the brand was set up in 2012. It was launched by Prabhkiran Singh and Siddharth Munot on 1 April 2012.
What is the tagline of Bewakoof?
Bewakoof is an Indian lifestyle fashion brand that was formed with the idea of producing efficient, unique and trendy fashion outfits for shoppers. “A Bewakoof follows his Heart ”, the tagline of Bewakoof, it’s for the people who want to try new things, not caring about other people’s talks.
During our college days, we always came up with some great business ideas. But, who chases the dreams of engineering life? Well, it might sound surprising but two people made their college dream startup true! It’s Siddharth Munot and Prabhkiran Singh, two IITians. These two knew what they wanted and worked on it with all they had.
Siddharth Munot and Prabhkiran Singh founded an incredible E-Commerce startup, named Bewakoof in 2012. They both were from the Civil sector in IIT Bombay. They always wanted to pursue a distinct career. They worked on this plan after graduating from college and put all their efforts in one direction. And that’s where Bewakoof was started!
Bewakoof started with an investment of just Rs. 30,000. But the company came out to be splendid and soon, it gained huge success accordingly. As of 2019-20, Bewakoof made an annual turnover worth Rs. 210 crore.
Earlier in 2019, the company raised funding of Rs. 70 crore from the global alternative asset manager Investcorp. The company was launched in April 2012. Bewakoof established a strong and enormous connection with its customers which brought great outcomes for the company.
In this article, we will be discussing the incredibly formed business model of Bewakoof along with its business strategies. Let’s get started!
Bewakoof, founded in 2012 by Prabhkiran Singh and Siddharth Munot, is a lifestyle fashion brand that manufacturers very creative and distinct fashion accessories and clothes, following the trends.
The company is based on the principle of producing an impact on people through honesty, innovation, and compassion. Bewakoof is an immense team of 400 people who collectively sold around 5.1 million products from the website.
Bewakoof keeps its product range up-to-date, as around 1 lakh products are sold every month. The company eliminates the middleman and manufactures its products itself.
Bewakoof is the only Indian brand that customized western clothes with India-inspired slags and printed the regional languages such as Marathi, Hindi, Bengali, and others. With digitalization, has grown enormously and brought great deals for the company.
Where does Bewakoof operate?
The very prominent fashion E-commerce brand, Bewakoof is headquartered in Mumbai, Maharashtra, India. As being an E-commerce platform, the company delivers its products in every corner of India through logistics services.
Key Products and Services of Bewakoof
Bewakoof offers tons of customer-based services through its E-commerce platform. The customers get complete access to all the products available on the Bewakoof.com website.
The company manufactures various Men’s and Women’s clothing including T-shirts, Accessories, Mobile Covers, and many more, at very affordable prices.
Target Audience of Bewakoof
Bewakoof is majorly focused on the person who belongs to the age group of 16-24 years old. The company targets students, professionals, entrepreneurs, and others who are counted in financially stable environments.
Business Model of Bewakoof
The business model of Bewakoof is utterly evolved. The company keeps up the tune with all the important aspects of business, from designing to warehousing. Brand marketing exists entirely through digital platforms whereas the end-to-end productions are held in-house.
Bewakoof promotes its products from two major platforms: Justdial and Facebook. The company also organizes extensive college campaigns which allow students to do Bewakoofy (stupidity) around the campus and they get free t-shirts as rewards from the company.
Bewakoof keeps up with the trends and follows them through their products. They print famous slags and punchlines on their t-shirts to follow social media trends.
Bewakoof is widely famous among the youth. As social media brings out enormous customer engagement to their website. In fact, Bewakoof has over a 1.5 million customers base, and the company keeps up with them to gather more ideas and concepts for their products.
How does Bewakoof make money?
Bewakoof has an estimated annual turnover of $71.8 million every year. The company ties-up with top E-commerce companies to its products by selling them on the company’s website. It has tied up with Snapdeal, Seventymm, and Indiatimes Shopping.
The company gets a 27% revenue growth from various operations that are enhanced from Rs. 164.22 crore (FY19) to Rs. 208.33 crore by FY2020.
Bewakoof generates its revenue from various customer deals and operations. The company’s estimated revenue value per employee is worth $228.000. It collaborates with various brands and gets the profit percentage in hand.
As of FY19, Bewakoof’s operating revenue varied from Rs. 100 crores to Rs. 500 crores. Alongside, the company’s EBITDA increases with a percent rate of 65.75. Bewakoof has grown immensely over the past few years. And with its business model, there’s a lot on-road as well.
Conclusion
Bewakoof is a very strategic and promising lifestyle fashion brand that ought to be one of the finest. The company has a huge fan base which brings out absolutely tremendous revenue results. The company works on the principle of honesty and thoughtfulness. It works towards minimizing the environmental imprints and enhancing the social impact. Bewakoof has had a long journey since its launch and with such speed, the company is estimated to grow even wider.
FAQ
Who is the CEO of Bewakoof?
Prabhkiran Singh is the co-founder and CEO of Bewakoof.
When was Bewakoof founded?
Bewakoof was founded by Prabhkiran Singh and Siddharth Muno in 2012.
What is the revenue of Bewakoof?
The revenue of Bewakoof is INR 208.33 crore as of 2020.
Anik Banerjee
Lakshya Singh
