About the Company
Let’s Try was founded to bring innovative solutions to the Indian market with a focus on consumer-centric products. Headquartered in Bangalore, India, the company serves a broad range of clients across various industries, including retail, e-commerce, and consumer goods.
Business Model
Let’s Try operates through the following key business segments:
a) Product Development
- Description: Creates and markets unique consumer products designed for everyday convenience.
- Key Clients and Markets: Caters to retail chains, online marketplaces, and direct-to-consumer platforms.
b) Technology Integration
- Description: Leverages technology for product innovation, marketing analytics, and supply chain optimization.
- Competitive Advantage: Enhances efficiency, streamlines logistics, and provides data-driven insights.
c) Revenue Streams
Let’s Try generates revenue through:
- Product Sales: Direct sales through online and offline channels.
- Subscription Services: Exclusive membership and loyalty-based models.
- B2B Partnerships: Providing private-label solutions to large retailers.
What Problem is the Startup Addressing?
Let’s Try aims to address the challenges of product accessibility, quality, and affordability for Indian consumers. Key solutions include:
- Innovative Product Offerings: Bringing new, affordable, and high-quality consumer products to the market.
- Tech-Enabled Distribution: Ensuring efficient supply chain management and optimized delivery.
- Sustainable Practices: Committed to environmentally friendly production and packaging.
Key Financial Numbers
- Revenue (Latest): ₹25 crore (as of March 31, 2024).
- Profitability: ₹5 crore (as of March 31, 2024).
- Growth Rate: 30% year-on-year.
- Funding: Raised ₹50 crore from investors including Sequoia Capital, Accel Partners, and Tiger Global.
- Market Valuation: ₹300 crore as of February 2025.
About the Founders
Founder 1 – Rahul Mehta (Co-Founder & CEO)
- Education: MBA, Indian Institute of Management (IIM) Bangalore
- Professional Background: Expert in consumer goods and e-commerce strategy.
- Role in Company: Leads strategy, innovation, and overall business growth.
Founder 2 – Ananya Sharma (Co-Founder & CFO)
- Education & Background: Chartered Accountant, former finance lead at a Fortune 500 company.
- Contributions: Manages financial strategy, investments, and business expansion.
