Ethos a B2B "luxury" watch company does 1000 crore in revenue, their revenue comes from jus 500 ultra rich families.
Their stock has gone 2.2x from their listing date :)
The luxury market does exist in India.
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Starting business with little fund is very difficult. Fund is needed on every step.
Started Pharmaceutical company with little fund and fulfilling every aspect is very tough which demotivate sometimes. Only thing motivates is the future of growth a