Country Delight’s Dairy Mission

Hello reader,

Prime Minister Narendra Modi launched the National Logistics Policy (NLP) at Vigyan Bhawan in New Delhi.

The policy, which has been delayed due to the pandemic, aims to smooth the flow of goods across the country and bring together departments from the ministries of road transport, railways, customs, aviation, trade foreign and trade on a single platform.

It is expected to improve India’s ranking in the Logistics Performance Index to 25-30 from 44 in 2018 and reduce logistics costs to 10% of gross domestic product over the next five years.

ICYMI: Seven decades after cheetahs went extinct in India, they are back. In Kuno National Park in Madhya Pradesh, Prime Minister Modi released a pack of eight cheetahs from Namibia on Saturday.

In today’s newsletter we will talk about

  • Country Delight’s Dairy Mission
  • Nithin Kamath’s Mantra of Success
  • The history of ChocoWishes

Here’s your trivia for today: Which country has the highest percentage of its population online?


D2C

Country Delight’s Dairy Mission

While India’s flagship operation, Operation Flood, may have transformed the country from a milk-deficit nation into the largest milk producer in the world, it failed to organize the sector and did not not resolved other related issues.

Country Delight, based in Gurugram, is on a mission to improve the quality of milk in India.

The Opportunity:

  • India’s fresh food and staples market is expected to exceed $50 billion by 2025, according to Country Delight.
  • The startup handles more than eight million milk deliveries per month in 15 cities, with a supply chain that spans 11 states nationwide.
  • Over the past three years, Country Delight has grown 10x and is currently at over Rs 900 crore ARR.

Entrepreneurship

Nithin Kamath’s Mantra of Success

Nithin Kamath, Founder and CEO of Zerodha, doesn’t believe in following a fad.

Growing from 70,000 customers in 2016 to 10 million in 2022, his seeded start-up is the flagship child of doing things differently.

The money game:

  • It took Zerodha six years to attract 70,000 customers and another four years to reach two million customers. But over the past two years, the company has seen phenomenal growth, reaching 10 million customers by 2022.
  • Some of the key milestones in Zerodha’s rise include the arrival of CTO Kailash Nadh in 2013 and the launch of Varsity in 2014.
  • The tipping point for Zerodha came when it introduced no-brokerage stock investing in December 2015.

Women entrepreneurs

The history of ChocoWishes

Surbhi child (left) and chocolate entrepreneur (right)

New Delhi-based ChocoWishes was created from a home kitchen by Surbhi Singhania in 2017.

It is now incubated under NSRCEL’s Women Startup Program 3.0, sponsored by Goldman Sachs and the Indian Institute of Management Bangalore.

The chocolate factor:

  • The ChocoWishes portfolio includes healthy chocolates, cookies, brownies and pastries.
  • Its B2B clients include M&S India, Gulab, Ibis Hotels, IFF, Stonex and Diamond Constellation.
  • The company’s long-term plan is to venture into offline retail, primarily through shelf spaces and collaborations.

Update News

  • Typhoon alert: The Japan Meteorological Agency has urged residents to evacuate parts of the southern island of Kyushu ahead of a large typhoon that is expected to bring up to half a meter (20 inches) of rain when it makes landfall on Sunday.
  • Strange parallels: Scientists have found that 10 or more fire ants can form a raft through what is called the Cheerios effect. This can be used to design nanoparticles for biofluid emulsions, and the movements of ants can inform the design of swarm microrobots.
  • In hot water: A U.S. district court has ordered Tesla to notify employees of a lawsuit alleging the automaker violated federal and state law by requiring workers to sign separation agreements.

Which country has the highest percentage of its population online?

Answer: At 100%, Iceland has the highest internet penetration rate in the world.


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