Daikcell India's Remarkable Growth: From Startup to Powerhouse
Daikcell India, founded in 2023 by Divakar Chauhan, Sahil Saini, and Aakash Agarwal, has quickly become a prominent player in the Indian market. Achieving ₹2 crore monthly revenue without external investment, the company is expanding its product range and planning a manufacturing shift to boost market presence.
- Country:
- India
In an impressive feat of entrepreneurship, Daikcell India, an emerging provider of power solutions and home appliances, has rapidly established itself in the Indian market. Since its inception in 2023 by three industry-savvy entrepreneurs, the company has achieved substantial growth without relying on external investors.
The company achieved an extraordinary ₹2 crore in monthly revenue within just 10 months of its operational launch, showcasing an EBITDA margin exceeding 20%. This milestone was predominantly driven by strong customer satisfaction and cost-effective marketing strategies.
Looking forward, Daikcell India plans to shift to in-house manufacturing by the end of FY25 and aims to achieve ₹100 crore in annual revenue by 2027, making strategic expansions into the lithium-ion battery and home appliance sectors.
(With inputs from agencies.)
ALSO READ
Boosting Defence: Army Partners with IITs for Cutting-Edge Innovation
Andhra Pradesh to Become Hub for Aerospace and Defence Innovation
India's Vision for Education: A Catalyst for Change and Innovation
Zomoz: Revolutionizing the Momo Market with Technological Innovation and Strategic Expansion
GC Chemie Pharmie: Pioneering Global Health Innovation
Google News