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Dexter Capital Advisorsย โขย 1y
Yday, CaratLane opened its 1st store in the USA, right next to a Biba outlet! ๐๐ But, itโs not just these two. The location is such that most Indian brands pick this as the first place in the US to launch their stores. Yet, most Indians donโt know about it. Time to build awareness! .. In the USโ state of New Jersey, there is a township called Woodbridge. -> In Woodbridge, there is an area called Iselin -> And 51% of Iselinโs population are either foreigners or citizens of foreign origin -> And 97% of those are Indian Americans! ๐คฏ๐คฏ .. In fact, Iselin has the highest concentration of Indian Americans anywhere on US soil. Thatโs why many even call it โLittle Indiaโ. And it gets better. .. Iselinโs median household income is 40% higher than the median for all of US. -> This is why, despite a population of just about 22k people, Iselin is so attractive to brands out of India that are looking to build a presence in the US -> It offers a massive concentration of high-income Indian-origin households all located in a very small area This enables a targeted market entry, as Iselin's demographics make it the perfect testing ground for Indian brands looking to establish a foothold in the US. .. And by the way, if I were managing Biba and CaratLaneโs social media handles, I would definitely do two posts! 1> One from Biba which would - โWelcome to the US, CaratLane! Happy to help with chai and coffee if you guys need anything. We are just next door :)โ 2> Another one from CaratLane - โLook whoโs the neighbour to our maiden US store!โ So, if those folks are reading this, think about this! ๐ ๐ .. Fun fact: Like CaratLane, for Biba too the store in Iselin was its first one in the US. It was opened last year :) Anyhow, did you know all of this? Do share in the comments!

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Hey, I'm on Medialย โขย 1y
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Start now what you j...ย โขย 7m
The Untold Story of CaratLane โ How a Digital Spark Became a โน17,000 Crore Empire โข This is Part 2 of Our Series: Disruptive Brands Changing the Game in India 1. Market Fit โ Spotting the Gap in Tradition In 2008, Mithun Sacheti and Srinivasa Gopal
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