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Jayant Mundhra

ย โ€ขย 

Dexter Capital Advisorsย โ€ขย 1y

Yday, CaratLane opened its 1st store in the USA, right next to a Biba outlet! ๐Ÿ™Œ๐Ÿ™Œ But, itโ€™s 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 donโ€™t 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 Iselinโ€™s population are either foreigners or citizens of foreign origin -> And 97% of those are Indian Americans! ๐Ÿคฏ๐Ÿคฏ .. In fact, Iselin has the highest concentration of Indian Americans anywhere on US soil. Thatโ€™s why many even call it โ€œLittle Indiaโ€. And it gets better. .. Iselinโ€™s 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 CaratLaneโ€™s social media handles, I would definitely do two posts! 1> One from Biba which would - โ€œWelcome 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 - โ€œLook whoโ€™s the neighbour to our maiden US store!โ€ So, if those folks are reading this, think about this! ๐Ÿ˜…๐Ÿ˜… .. 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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