Siddhartha Jain’s Post

🌟 Portfolio company Modern Milkman have acquired Modern Milkman. ❌ That's not a typo. 🕸 Lancashire-based Modern Milkman is expanding to the US through its acquisition of Connecticut-based Modern Milkman (think Spiderman meme). ♻️ Both company founders Simon and Seth believe convenience shouldn't cost the earth and so have teamed up to reduce plastic waste on two continents. 👇 Take a look at the video we helped them make. #scaleup #vcfunding #venturecapital #nextinthenorth #founders #founderstories

Day 54 of the 75 Hard Challenge of Building my own Startup Venture ✨ Today again I studied a great case study on Pidilite, one of the business giants in the Indian market, and I wanted to share some intriguing insights I gained from it. Market Penetration: Pidilite's success with Fevicol exemplifies the power of entering a market with a slightly superior product and directly engaging with customers to educate them about its benefits. By addressing the needs of carpenters and simplifying their tasks, Pidilite established itself as a leader in adhesive solutions. New Product Launch: Pidilite's approach to launching new products, such as Fevicol Marine, Fevicol Speedx, and Fevicol Heatx, highlights the importance of continuous innovation and customer feedback. Their collaboration with carpenters through workshops and festivals allowed them to refine their offerings based on real-world insights. Market Development Strategy: Through strategic marketing campaigns, Pidilite effectively built brand awareness and appealed to diverse audiences across India, transcending geographical and cultural barriers. Diversification: Pidilite's intelligent acquisitions, including M-Seal, Dr. Fixit, steel grip tape, and Roff, demonstrate a savvy diversification strategy, expanding their product portfolio and strengthening their market position. All these insights align with Ansoff's Matrix, showcasing Pidilite's adeptness at navigating various growth strategies.

It's Throwback Thursday! The first #founder to answer the Minnesota #startup trivia question correctly (no googling!) wins a prize of their choice! This startup was founded in St. Paul by M.J. Osborn in 1923, with one employee, Ida Koran, hired to manage the office. They had one product, a carpet cleaner called Absorbit™. Absorbit’s limited market potential becomes quickly apparent, causing M.J. to #pivot. In 1924, Osborn acquires a non-sudsing cleaning compound from a University of Minnesota chemistry student, Leonard H. Englund. He discovers it works better than ordinary soap in the mechanical dishwashers restaurants are beginning to use. He calls the product Soilax™ (soil + lax = soil loosen), and with its launch, sets the company on course to become a leader in warewashing. Soilax is one of the first colored detergents ever developed. In dry form, it is pink. When mixed with water in the proper proportion, the solution turns green. If too much Soilax is added, it turns yellow, a warning the solution is too strong. #throwbackthursday #twincitiesstartups #sciencestartups #trivia #sustainability Who's got the answer?!

After returning from the inspiring BizMaker contest in Penang, life continues to move forward with its own rhythm. There was VF@RM ad hoc mentoring session from BEYOND4 SEA startup ecosystem, they are couple involved in vertical farming who are starting their own business. Seeing their enthusiasm and determination reminded me of my own beginnings. It was like looking into a mirror of my past. Starting a business or a startup is not just a personal endeavor; it involves every single member of your family or team. Their support, belief, and shared commitment are crucial elements that drive the success of any venture. It is a collective journey where every effort counts, and every challenge is a step towards growth. Remember, the journey is as important as the destination, and the collective effort of your team and loved ones is the foundation of your success. #Farming

"I invested in myself and that type of wealth ain't got no venture cap." Oddisee, Give Way Today, July 1st, 2024 marks my 3rd anniversary at Skout Strategy, Inc. What started as a vision to build resilient local and regional food infrastructure is still very much that, it just looks a bit different. As we enter our 4th year of operation, the vision could not be more clear and the road in which we pave to get there is beginning to take shape. We've got some roadblocks to clear, but after what we've been through, there is not much we cannot overcome. On the heels of what was the most difficult year I've faced as an entrepreneur and thus us as a company, I am proud to say, we are still standing. We are battle tested and intact. Some of those battles we've won and some of we lost. As we have emerged, we've matured. We have gone from being a "start-up" to being a company, which is a fundamental mindset shift in the way we move, operate, and articulate our work. This company and vision has been founded and built on relationships. When I look at my clients, technology partners, stakeholders, etc., I am surrounded by people I have been working with for years. Any new clients or partners have come to us from other trusted clients and partners. These are relationships built on trust, respect, and admiration for the unique value we all bring to the table. We have built our business organically and methodically, giving us the ability to adapt as the market does. Lastly, this photo was taken last week on my annual East Coast trip where I get to spend time with clients who I am lucky enough to call friends. I would like to say thank you to all of my clients, partners, stakeholders, etc. for everything you have done for me and my team in our first three years. Without you all, we do not exist. To all of our future clients, partners, and stakeholders, we look forward to being on this journey with you as well. The future of our food system depends on this work, so let's keep building. #beASkout #changemakers #foodsystembuilders #foodinfrastructure #localtastesbetter #resilientcommunities #growmorefoodlocally #growmorefoodregionally

We are ready to start canning the Strawberry Sequoia today! It took 19 hours to carbonate to the perfect level. Stay tuned for a behind the scenes look. #expowest #newhopenetwork #startupcpg #beverage #beverageindustry #beveragetrends #beverageinnovation #beveragecpg #beveragemanufacturing

MATADOR ENERGY is finally here! (first at Spencer's). What a rollercoaster! I spoke to over 100 investors, had a dozen meetings with strategics, researched with 3 formulators, 37 formula/flavor tests, built multiple financial models, filled out 100’s of business forms, traveled over 100,000 miles, and heard a lot more NO than YES. This is very hard and I understand why few do it, so huge shout out to all the #founders #founderjourney! Fortunately, I didn’t have to do it alone! Danny Duncan, the OG Founder and creative mastermind, pours himself into every detail. Our partners at Night Ventures Reed Duchscher, Ezra Cooperstein, Ben Mathews, Taylor Kelly, Kimberly Tuttle, Jamie Carr, George Garcia, Andrew Garza provide endless support and thought leadership. Danny’s business partner Stefan Toler is the ultimate collaborator. Our seed investors are the best in the business, and I have an amazing MATADOR team Cale Gardenhire, Robert Park, Brian Rooke, Rylan Holmes, and Felipe Vega. Shout out to Giacomo Zacchia. Finally, a new energy shot is here! 185mg of natural caffeine from coffee bean extract, 100% Vitamin B3, B6, B9, and B12. A nootropic mix to keep you sharp, with 200mg of Alpha GPC, L-Theanine and L-Tyrosine. High Pressure Processed, so NO Sodium Benzoate no Potassium Sorbate, just delicious taste and focused energy. We’ll be selling online in April and in 6,000 convenience stores in May. Let’s go! #foodandbeverage #startup #creatoreconomy #innovation #gratitude #team #partnership MATADOR ENERGY

Today, we’re announcing that we’ve raised an oversubscribed $1.8M pre-seed round led by Matchstick Ventures and joined by 25madison, Barrel Ventures, Valia Ventures, Tenzing Capital Ventures, and dozens of angel investors, industry experts, and friends & family. We’re building Silkline in Chicago because trillions of dollars of goods are still purchased by emailing a PDF of a purchase order 📜 Brent and I have talked to hundreds of procurement professionals, and they all say a version of the same story: ❌ I don’t know when my parts will arrive. ❌ Managing our supply chain is reactive, not proactive. ❌ The information I need to do my job is scattered across spreadsheets, inboxes, and 7 different systems. ❌ Serving all of our external and internal stakeholders is a juggling act. Silkline solves these problems and allows our customers to build a modern, connected supply chain that unlocks the potential of their procurement and engineering teams to develop products faster, reduce waste, and adapt to a changing world. We’ve been hard at work over the last several months building alongside our incredible early customers, including companies who are leading the modern space age and developing first-of-its-kind hardware. ✅ Want to see messages with suppliers in one place? ✅ Need to share the status of a PO with your engineering team? ✅ Tired of reactive and labor-intensive supplier scorecards? And this is just the beginning! We are growing quickly and just opened up two more spots in our beta program. Comment here or visit silkline.ai if you’re interested in trying (or learning more about) Silkline.

The master plan to modernize procurement takes another big step today. Step 1.) Moving to Chicago, start a new, exciting chapter, and meet a fantastic co-founder in Isaac Step 2.) Run fast into the world of procurement, talk to many people, learn quickly Step 3.) Develop a plan, vision, and strategy to attack that problem [NEW] Step 4.) Execute, execute, adapt, execute It's early in Step 4, and we have lots more to build. Time to go make it happen.

"We bought a 13-acre piece of land in a village called Sikra in Kutch which is enough for us to reach a revenue of 500 crores." 🔥 Ep#08 of The India Opportunity Podcast with Aditya Aagare from Thermoflyde is out now! 🔥 Watch here: https://lnkd.in/g6JjrGq6 We talk about: > The market opportunity in the refractory space - north of $30 Billion USD globally > How Thermoflyde is aggressively growing its market share by taking on RHI Magnestia (a $3 Billion revenue-generating, publicly listed business) and has grown 100% year-on-year in terms of REVENUE > How starting up in college taught Aditya lessons about entrepreneurship the hard way > Focusing on customer service as a competitive advantage > Building an IPO-able, cash-flow-positive business > 500 Crores revenue in sight with current capacity and potential to grow much bigger > Aditya's goal of positively impacting 1000+ lives > How traditional manufacturing businesses can be multi-baggers over decades in the public markets > How kindness from angels helped them survive in the first 2 years Great episode for founders looking to build IPO-able businesses, with key insights into how to prepare your business at the earliest stages if IPO is an outcome you're working towards. Thermoflyde Industries Private Limited is destined to be a big success story emerging in the traditional manufacturing space and we're early backers via Swadharma Source Ventures - SSV. Thrilled to share Aditya's story with the world. #india #manufacturing #makeinindia #rhimagnestia #refractory #steelplants #ipo