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Medial Startup Trivia

Trivias Around start...ย โ€ขย 7m

Imagine being 22 years old with just โ‚น10,000 (borrowed from your mom!) and turning that into a โ‚น30,000 crore fashion empire. That's exactly what Ravi Modi did with Manyavar, and it's not your typical rags-to-riches tale. Back in the day, young Ravi was actually a math whiz kid, but instead of crunching numbers for a living, he found himself learning the ins and outs of retail at his dad's small clothing store in Kolkata. Think about those early days - a young guy watching customers, figuring out what they like, and probably dreaming up something bigger. In 2002, he spotted something interesting: nobody was really organizing the Indian wedding wear market properly. You know how Indian weddings are - they're grand, colorful, and everyone wants to look their best. But finding good quality traditional wear was hit or miss. Modi thought, "Why not change that?" Here's what makes his story really interesting - he never went the typical retail route of endless sales and discounts. Instead, he focused on getting the quality right and treating each piece of clothing like it was meant for a celebration. When Manyavar opened its first exclusive store in Bhubaneswar in 2008, it was like saying, "We're doing things differently here." Today, if you walk into any major mall in India, chances are you'll spot a Manyavar store. They've got over 600 of them across 230 cities, and they've even gone international. But what's really cool is how they've kept their Indian soul while building a modern business. They use high-tech systems to manage inventory but still focus on traditional designs that make people feel special at weddings and festivals. And here's the human side of Modi that often gets overlooked - through his Manas Foundation, he's helped fund over 500 heart surgeries for people who couldn't afford them. It's like he's saying success isn't just about building a business empire; it's about helping others celebrate life, quite literally. The numbers are impressive - โ‚น1,041 crore revenue in FY2022 with 85% growth - but the real story is about a guy who understood that Indian celebrations needed better clothing options, and built an entire ecosystem around it, from men's wear to women's clothing (Mohey) to kids' outfits (Manthan) and even luxury wedding wear (Twamev). It's a reminder that sometimes the best business ideas come from simply paying attention to what people need during their most important moments. Modi didn't just build a brand; he built something that's now part of countless Indian celebrations. Stay Updated. Stay Informed. Stay Ahead. Share the Medial App with your network, colleagues, and friends. Let's brainstorm, discuss together and help each other achieve our goals. And don't forget to rate us on the iOS App Store and Google Play Store to help us reach even more amazing people like you.

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