City
Epaper

Fuaark: Surat Based Trio Turned Rs 4 Lakh Investment Into a Rs 36 CR Business

By PNN | Updated: May 23, 2024 17:35 IST

Surat (Gujarat) [India], May 23: In the bustling city of Surat, a revolutionary brand emerged, reshaping the landscape of ...

Open in App

Surat (Gujarat) [India], May 23: In the bustling city of Surat, a revolutionary brand emerged, reshaping the landscape of fitness apparel. FUAARK, a term that resonates with the energy and vibe of the youth, has evolved into a beloved destination for fitness enthusiasts. But what sets FUAARK apart in a competitive market? The answer lies in the unique vision and strategy of its founders, Swati, Rimpy & Saket Juneja, who transformed a Rs 4lakh investment into a thriving Rs 36 crore business.

The journey of FUAARK began with Swati, Rimpy and Saket Juneja appearing on Shark Tank Season 2, Swati a Chartered Secretary with a flair for marketing and commerce, and Rimpy, a Delhi University alumnus with a commerce background, were a powerhouse duo. Saket, bringing his experience from Tommy Hilfiger, joined Fuaark as the Product Head.

Their mission was clear from the start: to understand and meet the needs of dedicated fitness enthusiasts. In 2017, they noticed a gap in the market for gym gear that was functional yet fashionable. With an initial investment of Rs 4 lakh, they embarked on a journey to fill this gap, which has led them to an impressive ARR of Rs 36 crore, aiming for Rs 100 crore in the next two years.

What Makes Fuaark Stand Out?

Rimpy Juneja explains, “Why settle for generic, expensive gym wear when you can have high-quality, trendy designs that enhance your performance?” Fuaark’s unique selling proposition (USP) lies in its tailored gym clothing that perfectly fits, boosts performance, and builds confidence. Their range includes a variety of gym wear, designed with precision, to support and motivate individuals on their fitness journeys.

This approach has transformed their business from a few weekly orders to a daily deluge of demand, projecting a cool ₹40 crores in revenue this year, with significant EBITDA growth.

If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Open in App

Related Stories

InternationalSlovenia becomes first EU nation to ban arms trade with Israel over Gaza war

NationalOperation AKHAL: One Terrorist Killed in Ongoing Encounter With Security Forces in Jammu and Kashmir's Kulgam

BusinessUS, European stock markets tumble on Trump's tariff move; Amazon & Apple shares face heavy selling

InternationalIndia-UN launch first phase of global capacity-building projects to boost South-South cooperation

InternationalKabul residents decry worsening power outages, demand urgent action

Business Realted Stories

BusinessIndia's garments sector faces tariff challenge, country needs bold reforms: GTRI's Ajay Srivastava

BusinessIndia-UK FTA a lesson for US to shed its transactional lens and adopt more empathetic posture

BusinessReliance Infra denies media reports of fund diversion, says position was publicly disclosed in financial statements

BusinessTesla to open 1st charging station in India next week

BusinessSEBI will not spring surprises on F&O contract changes, says Chairman Tuhin Kanta Pandey