Ahmedabad, Hyderabad and Pune the new Valentine Capitals

Bengaluru, 15 February 2024: In the run-up to the ongoing Valentine$B!G(Bs Week, emerging metros such as Ahmedabad, Hyderabad and Pune have become the new Valentine’s capital, piping the original metros Mumbai, New Delhi and Bengaluru, by posting over 100% growth in transactions online over last year, according to Simpl Checkout Scan. This comes on the back of similar growth of 100% growth recorded in pan-India transactions via Simpl$B!G(Bs 1-Tap Checkout from February 1-14th noon with categories including food and beverages, quick commerce, travel, beauty, personal care and electronics being the most preferred.

Here, emerging metros such as Ahmedabad, Hyderabad and Pune witnessed 150%, 136% and 154% growth in transactions respectively while top metros such as Bangalore and New Delhi posted 103% and 54% growth and Mumbai posted a marginal increase in demand of 24%. Among the categories, the services segment, which constitutes merchants such as BookMyShow, DriveU and Park+, posted a growth 154%, followed by food, beverages and quick commerce (Zomato, Swiggy, Blinkit, Dunzo and Zepto) with 36% growth. Merchants in the Travel, Beauty, Personal care and Electronics segment including Direct-to-Consumer (D2C) merchants including MakeMyTrip, Myntra, Meesho, Nykaa, Tata1mg, Boult Audio, ProtouchSkin and Frido too posted high growth. Consumers were also contributing to social causes this Valentine$B!G(Bs Week by planting saplings through initiatives such as Grow Billion Trees.

Interestingly, there was a notable increase in transactions made by consumers in the 41-50 age bracket across metros. While Ahmedabad, Hyderabad and Pune witnessed 192%, 170% and 233% growth in transactions respectively in the 41-50 age bracket, top metros such as New Delhi and Bengaluru posted 75% and 94%, indicating a significant shift in consumer behaviour.

Furthermore, there has been a 15% increase in average order value from Rs 467 to Rs 575 as compared to last year with one consumer spending Rs 30,000 via Simpl$B!G(Bs 1-Tap Checkout on a single day. Interestingly a majority of the orders were placed between 8-9 pm across cities with female customers registering a 31% growth in transactions.

Commenting on this trend, Nitya Sharma, Founder and Chief Executive Officer of Simpl said, $B!H(BAs an increasing number of consumers across age brackets are celebrating Valentine’s Week across the country, they are going online to meet their varied needs, conveniently. We have seen millions of consumers from emerging metros such as Ahmedabad, Hyderabad and Pune spend more during the first two weeks of February than their established metros counterparts in terms of demand, in a significant shift in consumer behaviour. Notably, greater spends by consumers in the higher age bracket also stood out this year across the top metros, reflecting how Valentine$B!G(Bs Week is becoming a festival of all age groups. As merchant$B!G(Bs preferred checkout partner, millions of consumers across the country are adopting Simpl$B!G(Bs 1-Tap Checkout to conveniently place orders for their loved ones$B!I(B.

With over 26,000 merchants across numerous categories and millions of customers across the country choosing Simpl$B!G(Bs Checkout solutions, the company is providing them with a seamless checkout experience with near-zero transaction failures.

Shark Tank featured founders Adil Qadri and Ananya Maloo from Gujarat to meet startup founders

shark tank featured founders

Ahmedabad, 7 February 2024: Popular business reality show Shark Tank featured founders from Gujarat, Adil Qadri, founder of Adil Qadri – House of Premium Fragrances and Ananya Maloo, Co-Founder of Nuutjob will meet dozens of startup founders from the state to share strategies around brand development, scalability, and marketing insights at D2C Unlocked in Ahmedabad, organised by Checkout Network Simpl. Titled ‘Aapnu Amdavad’, the event will witness a panel discussion followed by a networking event where startups can engage with the Shark Tank featured founders and other panelists and gain rich insights about their entrepreneurial journey.

The two founders will also share their experiences from the popular business reality show Shark Tank and how startups can aspire to participate in such events to boost their brand. While Adil Qadri secured a Rs 1 crore investment from Sugar Cosmetics CEO Vineeta Singh, Nuutjob co-founder Ananya Maloo, a male intimate hygiene and grooming brand, raised a total of Rs 25 lakhs from Lenskart founder Piyush Bansal, Emcure Pharmaceuticals Executive Director Namita Thapar and Boat founder Aman Gupta.

Joining them will be Jigar Patel, Co-Founder and CEO of Brillare Science, and Tanisha Lakhani, Founder, and CEO of Protouch. The panel will delve into topics such as innovative marketing strategies, overcoming challenges in product development, and the evolving trends shaping the D2C sector.

Commenting on the development, Nitya Sharma, Founder & Chief Executive Officer, Simpl, said, “It is important for startups to network with fellow founders to learn from each other’s experiences and fast track their growth journey. Adil and Ananya have successfully built their brands and taken them to the national stage. Their experiences will be valuable for D2C founders from the state and we are happy to organise our popular D2C Unlocked for the second time in Gujarat. We are seeing immense excitement for the event and are looking to connect with as many founders from the state as possible to widen our community.

Gujarat is one of the fastest-growing startup ecosystems in the country and has assisted more than 12,900 startups and supported more than 180 incubators across the state with financial support of more than Rs 210 core. It has also established more than 100 Patent Information centers in various academic institutions and more than 900 patents have been filed with support from State Government.