Nothing beats a gift with a private contact. Nothing beats owning an item this is precise and nobody else owns it. And that exactly is the undertaking of German incubator, Rocket Internet backed startup Printvenue.Com.
Printvenue changed into founded in 2012 via Saurabh Kochar who became formerly accomplice at McKinsey and Co.
The startup offers a number custom designed gift items such as image-mugs, photograph-notebooks, pen drives and iPhone instances. The on-line portal can also be used for ordering office stationery, business cards, letterheads, cardholder and different personalised accessories. It presents its customers with approximately forty,000 designs to be had throughout merchandise. According to a look at, the marketplace length for printing services is about $12 Bn with a increase fee of 15% Year on 12 months. Thus, the marketplace call for suggests the possibility.
“The most important concept at the back of it become to definitely convey the ease of customization in the printing zone to the houses of the Indian customers in a massive manner,” says Saurabh Kochar, founder of the enterprise which has served one million Indians, and serviced 300,000+ orders.
Printvenue was released with 5 products and 11 personnel in the yr 2012, which has now grown to 300+ merchandise and eighty employees. It has been doing enterprise with people and company as well, and has a pan India presence, consisting of towns like Delhi NCR, Bangalore, Mumbai, Chennai, Kolkata, Hyderabad, Pune, Ahmedabad, Chandigarh, Indore and Jaipur. It also has an worldwide presence in Singapore.
Its customers consists of teenagers primarily based out of tier-1 towns and self-employed specialists. The startup is experiencing the increase of 21% month to month in closing 2 quarters.
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Funding and Capital
The employer does now not get a ball factor figure, however receives funding completely based totally on their needs from time to time. “ We have been getting calls from numerous home & worldwide project capital funds who're pretty interested in this version,” said Saurabh.
Challenges
Handling an ecommerce commercial enterprise comes with many challenges. However, the three key challenges that Printvenue faced consists of – targeting the proper target market, infrastructure and execution. “First one is – how do you result in/ trade purchase behaviour, specially for very contact and sense topics eg. Print. Secondly, it’s approximately understanding the proper method of over handing over on execution basically to bind consumer interest. Lastly, there's a dire need of exceptional infrastructure so that each one sports fall in vicinity and bring about clean functioning of an organisation,” stocks the founder Saurabh Kochar.
Marketing & Creating cognizance
It’s crucial for every startup to create focus of its products via advertising. Printvenue is focussing on on-line marketing and social media to create cognizance approximately the idea and its products. Regular It also sends out a normal newsletter to customers and enthusiasts to live in contact with them. Previously, it has additionally achieved a wave of TV business remaining season to create mass focus.
For future, Printvenue would like to increase its attain in the domestic and décor sections with essential focus on girl populace and customised gifts.
