Acquisition project | iMithila handicrafts and handloom Pvt ltd
πŸ“„

Acquisition project | iMithila handicrafts and handloom Pvt ltd

Introduction :-.iMithila is a culture brand focused on bringing Madhubani Art on contemporary products. It includes both handloom and handicrafts products. The art form is of utmost cultural value. It is a brand that stands as a testament to the ancient and revered art form of Madhubani painting, originating from the Mithila region of Bihar, India. Now, the brand works on multiple angles, first it preserves the centuries old art form called Mithila painting. Second, it works with the rural artisans from Bihar most of which are the women artisans, addressing the issue of inclusiveness, hence working on the social impact and third, it bring aesthetically appealing and utility products to their end user. The idea behind the brand is to not just work on the art angle and make the products artifacts but also weave them into modern-day apparel and decor items bringing modern day usage products to the end user. They add value to their silk products by adding Silk Mark Certificates issued by the Central Silk board.

​

The current handicrafts and handloom market is largely unorganized. There are mostly the local artisans and vendors in the market with no Brand presence, no after sales support or reliability. Here, iMithila, being the first brand in any folk art form, has a strong product portfolio, online presence on website and marketplaces like Amazon, Ajio etc. It also has a strong social media platforms presence. So, these made a huge difference iMithila establishing itself as the first brand in Indian Folk Art forms, particularly in the realm of authentic Madhubani hand-painted apparel and decor.


​

Brand Presence:

  1. Website imithila.com


Screenshot 2024-06-08 140703.png


2.Social Media Presence: Facebook, Instagram, Pinterest, Linkedin, Twitter

Screenshot 2024-06-06 221524.png


Screenshot 2024-06-06 221024.png

​

  1. Marketplaces: Amazon, Flipkart, Ajio


image.png

​

​


image.png


Core Value of Product

Problem Statement

Vidya is Looking for some classy handpainted Formal Sarees

​

So Vidya, who is working as a CA with a firm at Mumbai loves wearing sarees at her workplace. Since her job demands her to be presentable, she is always on the lookout for different and unique sarees. In this, she is looking for an authentic handpainted saree to be one of the kinds. Here, she also needs good quality fabric.

She is looking a handpainted saree but the problem is how will she know if it is handpainted or just printed. How will she also know if the fabric of the saree is good, what is the benchmark or proof here? Also, if she is buying such an expensive saree, what if she does not like it and wants to return?


Well, here she was looking for a brand which had credibility in terms of being an authentic handpainted brand working directly with the artisans. A web presence of the brand so any questions can be answered about the product, the order can be placed easily also there is an after sales support.

She comes across iMithila, at first she had some apprehensions. So, she gets on the call mentioned on the website with the iMithila team and get all her queries resolved with the promise of return of the product in case of any problem. Now that she is a little more assured, she goes ahead with one purchase. And guess what, iMithila team gives Vidya a great discount also. Unlike any other Madhubani artist, Vidya was sent an email with order confirmation, another with the tracking details and a gift. When Vidya received her order, she was absolutely delighted and became the repeat customer.


Marketing Pitch

​

Classy ones need classy attires, that too with the best and most convenient customer support and ease of return. Wear this beautifully handpainted timeless piece of art to make you stand out from the crowd. Since this is a unique design, no two pieces are the same. Get it a fast pace delivery sitting at home. What more, if you dont like it, we will take it back.


Have questions, feel free to connect with us.



​

​

Arushi, is looking for a classy gift for Family


Another one, Arushi was looking for a gift for her sister in law on her birthday. She explained her sister in law has great taste and likes classy things, hence, Arushi did not want to go for a regular run of the mill product. Also, she has special requests of the product being gift wrapped and delivered by a certain time.

While doing her search, she wanted to be sure of what she was ordering for and how it was being delivered, since the whole experience mattered.

She comes to the whatsapp number given on the website to get her queries resolved and also, was educated by the iMithila Team about the handpainting and the social impact it is creating in Bihar.

She was delighted, she got a gift which is utility based with the social messaging behind it which she was looking for. Her purchase, timely gift wrapped with a special message on a certain day, made her requirements fulfilled along with the fact, she had made some contribution in the social impact the brand is making, creating an AHA moment for her.

​

Marketing Pitch

​

Looking for specially made gifts for your loved ones? These beautiful pieces are made with love by the rural artisans from Bihar. When you buy from us, you create impact in the lives of these women artisans

The Brand Talks about creating social impact in rural region of Bihar while bringing innovative contemporary modern day usage product blending centuries old art form.

​

Product Portfolio

​

They have a good portfolio of handloom and handicraft products, which are not just artifacts but utility based.

  • Handpainted Silk and Cotton Sarees, Price Range - Rs 3500 to Rs 19999. For adding value to the product,
  • Kurtis - Range Rs 1000- Rs 1500
  • Dupattas- Range 1100-Rs 3000
  • Different kinds of bags - Range Rs 499-Rs 1200
  • Decor products like Cushion Covers, Kettles, trays etc


For their silk products, they have a Silk Mark Certificate given, issued by Central Silk Board, for the authenticity of the fabric.

​

​

It creates the AHA moment in the mind of the customers when they are able to derive value from these products while knowing the fact that their purchase is going to make an impact in making the lives of the artisan associated with the Brand.


Product here is a Want. Customers feel connected with the brand because of the social impact the product is going to make.

​

​

Competitors

  1. okhai.org - Okhai was established as a Trust by Tata Chemical Society. They work with artisans from various regions, madhubani being one of them. Their ad spend is really high, strong presence on facebook, instagram, google ads etc. They are also into offline exhibitions. They are not present on marketplaces
  2. iTokri.com - Similar to okhai, iTokri is a multi art online seller. It takes products from the vendors and sells them on their website. Madhubani being one of the art forms they take products for, they get their own job work done on the products. This thins down and takes the control out of the hands of brands like iMithila
  3. Unorganized Small businesses without any brand - A lot of shopping now happens from small businesses present on instagram. These businesses even though without a Brand, give a lot of competition. This is the biggest chunk of the total market.


Customer Profiling

​

Ideal Customer profileICP 1ICP 2ICP 3ICP 4

ICP5

ICP NameVidyaThailaArushi/ChiragJayshree

Ritu

Age35-50 years60-70 years25-45 years25- 35 years

35-50 years

Shopping GoalsGet Authentic Handpainted formal sareesSupporting authentic art form from trusted brand. Wants  good quality fabric at reasonable price for a handpainted sareeBuy gifts with social impact value for friends and familyUnique dress for office wear

Buy designer saree for special occasions

 
Income Levels1.5-3lakhs per month60k-80k1-1.5 lakhs40k-60k per month

1.5- 3 lakhs per month

GenderFemaleFemaleMale/Female BothFemale

Female

LocationTier 1 City like Mumbai, Delhi, BengluruTier 1 cities like Chennai which are very culture drivenMetro-Tier 1 cities in India like Mumbai, Delhi or Living abroadTier 2,3,4 Orissa

Tier 1 City like Bengaluru

CompaniesChartered Accountant/BureaucratRetired professorPrivate Sector, PwC, Microsoft etcTraditional sector companies- banking, PSUs

Housewife

Marital StatusMarriedUnmarried/MarriedUnmarried/MarriedBoth married and unmarried

Married with Kids

How do they spend their weekdaysOfficeWith friends/cooking/reading/watching newsAt work, watching News1. At work 2. Traveling to work 3. Dinner at home with family/husband ​

Spending time with friends, cooking, watching TV

How do they spend their weekends1. Spend time with family at home 2. Social/community gathering Shopping/reading/spending time with friendsReading, Spending Time with Friends, watching Sitcom on OTT1. Watching TV/OTT at home 2. Going out with family for dinner/fun1. Spend time with family at home 2. Social/community gathering 
Apps they spends most of their time on1. YT, FB- social media 2. Messaging apps- whatsappWhatsapp, instagramInstagram, Whatsapp, Linkedin, Financial apps - Groww, Stable money,zerodha1. Social Media- IG, Facebook 2. Messaging- whatsapp 3. OTT apps- Jio Cinema, Hotstar 4. Financial

1. Shopping apps like Ajio, Myntra

2. Whatsapp

What do they spend most onFormal Wear, Makeup, Phone, WatchesShopping for clothes, makeup, jewellaryFood, Going out with friends personal expenses- rent, savings. Likes spending on her office wearShopping for clothes, makeup, jewelry
Most used features on the websiteNew arrivals,add to cart, cart, discount New arrivalsSearch, Browse, add to cart, discountSearch and browse

New arrivals, browse, add to cart

Frequency of feature usageOnce every 3 monthson new arrivalNeed basedNew arrival

Once every 3 months

Willingness to payBoth Capacity and willingness to pay

Willingness is moderate, she wants to have the best quality product at best discounts

buying capacity is there but does not want to spend that much. Has a set budget for gifting, does not want to exceed thatModerate buying capacity but wants to spend on office wear clothing 


Problem StatementI don’t get the most authentic handpainted work wear online easily which are classy and different looking formal sarees making me look presentable and out of the crowd at work place

I dont get authentic handpainted sarees from the right source working directly with the artisans. I look out for brands selling handpainted products but they lack reliability and are expensive. I want to help the brand with their social impact also

 

I want to buy unique gift without going to a physical store. Don’t have time to go through a lot of websites everytime to browse to make a choice

I want unique kurtis and dupattas for office but not very expensive

For special occasions, I want to buy very different pieces of sarees.

Time Vs Money spending on the platform

Money

Money

Money

Money

Money

How did they reach you

Google







ICP Prioritization

​


Adoption Curve

Use Case Frequency

Appetite To Pay

TAM

Distribution Potential







Vidya

Low

High

High

High

High

Chirag/Arushi

Low

High

Moderate/High

High

High

Thaila

High

High

Moderate

High

Low

Jayashree

Low

High

Moderate

High

High

Ritu

High

Low

High

High

Low

​

So Basis the above, two ICPs have been prioritized are Vidya and Arushi.

​

Market Size

​

TAM Calculation​


We have observed that 90% of our past orders are from Tier 1 Cities for clothes and gifting. Rest orders are from Tier 2 and Tier 3 cities. Hence, we are considering the Tier 1 cities population for TAM calculation.


image.png

​

​

To find the top ceiling of the market we are taking the total Indian population as of 2024 and drilling it down to Tier 1 cities with an age range of 25-65 years

​

Total Population of India (2023)

143 Crore

Urban Population

48 Crore

% of population between 25-65

24 Crore

Average Order Value

Rs 1000

TAM

24000 crore

​Service Addressable Market

​

SAM - Acquirable percentage of TAM

From the TAM we are further drilling down to the next part where family income is greater than 8 LPA and the part of the population who makes online purchases, especially on clothes and gifts.

​

Family income > 8 LPA, 1%

1.41 Crore

%of population shopping online

1 Crore

Service Obtainable Market

​

SOM - Obtainable percentage of SAM

The SAM includes the chances of people buying clothes from other brands and websites and also the iMithila products available on other marketplaces.

​

The folk art industry is still unorganized with unknown players/artisans dominating the market. Close to 80% of the industry is dominated by these local players. The good thing being, not all of them are present online and are very much localized.

​

So, if we consider the competitors present in the online space, both organized and unorganized and assume iMithila can have a market share of 10% considering the competition.


image.png

​

​

Population interested in buying iMithila Products

.1 Crore

Average Order Value, Rs 1000

100 Crore


Organic Search


I did a keyword analysis which are the search intent for our products and are used by our competitors. Since the number of searches on the Brand iMithila is less on google and amazon, I have not included the search volume. The keywords I have taken if on google and Amazon since we sell on Amazon.

Search keywords.pdf

Acquisition Channels - Jobs to be done

​

ICP1

ICP2

Job

Goal





Functional

Physical products like sarees, kurti, dupattas are to be worn at work wear or on special occasions

Physical products like Bags, decor items are utility products

Personal

Have a piece of art in their wardrobe

Sent a thoughtful and meaning gift sitting at home

 
Financial

Wearing these to work help them look presentable

Buying it from small business or brand without going through the hassle of visiting a store and managing logistics

Social

These clothing make the user stand out from the crowd and make them the centre of attention

They feel good about the impact their purchase made them to the community making these products. The impact and social cause aspect makes the brand resonate with the emotional need of helping the artisans


Available Channels for Customer Acquisition


Channel name

Cost

Flexibility

Effort

Speed

Scale

Budget

Google search

Low

High

Low

High

High


Offline Stores

High

Low

High

Low

High

High

Google Youtube

Low

High

Low

High

High

Low

Facebook

Low

High

Low

High

High

Low

Instagram

Low

High

Low

High

High

Low

Whatsapp

Low

High

Low

High

High

Low

Amazon ads

Low

High

Low

High

High

Low

Gifting Websites

Low

High

Low

Low

High

Low

Corporate Gifting

High

Low

High

Low

High

High

Bloggers

low

high

low

high

low

high

Influencers

Low

low

low

high

low

high

Instagram Messaging

to potential customers

Low

Low

High

High

low

​

Affliate marketing

Low

High

Low

High

Low


Email Marketing

Low

High

Low

High

High

Low

Flea Market Exhibition

Low

High

Low

High

​



Selected Channels For Acquistion

​

Out of the above, the maximum time the ICPs are spending and are present on are the following:

​

Organic Content Marketing:


  • Facebook Page with the organic page posts


iMithila has a brand page on facebook with more than 22000 likes and followers organically. Posting daily content will increase the brand engagement and customer acquisition.


image.png


  • Instagram Page with Organic Posts

​

The Brand has an organic presence on Instagram. Reels and posts about the offline events,

products are posted for acquiring more customers organically.

​

image.png


  • User Generated Content


Customers who have already bought and used iMithila products post their pictures on social

media. This gives the potential customers a confidence and helps in customer acquisition.


image.png

​

​

​

  • Blogs


To increase the visibility of the Brand and acquire customers, organic Blogs are a great way.

Writing about the products, the art form etc will increase customer engagement and help in

customer acquisition.


image.png

​

​

Paid Marketing


  • Instagram Ads


Since, most of the ICPs are spending time on instagram, it makes a lot of sense to be present organically and inorganically both. So, running paid ads make more sense in order to grab the attention of these potential customers for acquisition.


image.png

​

  • Google Ads


For acquiring the customers using paid marketing, google ads is a good way to generate leads and

get customers.

​

image.png

​


​

Offline Channels

​

Flea Market and Exhibitions


Flea Markets and Exhibitions are good channels to increase the visibility and customer acquisition.


People can check the Brand and the products physically, post pictures, buy products at great prices

This is another offline way of acquiring customers

​


image.png


Screenshot 2024-06-19 231341.png

​


​

​

Review program

Tie up with logistics partners for reviews and feedback once the product is in transit and delivered

​

​

Screenshot 2024-06-08 090225.png

​

Rewards

  • Welcome coins on signup which can redeemed against a purchase
  • Get Flat 10% off on first purchase
  • Collect coins and can redeem them for making payments on apps like Paytm, Cred etc
  • Subscribe to be on the VIP list

​

​

​

Content Loops

  • Create Trivia on website and social media platforms related to Ramayana, since the art form is from this era and region of Mithila. Collect the basic email id and phone number of the customer for email marketing and then start the trivia.
  • Based on the location of the visiting customer on the website, show him/her a trivia related to that state
  • Create small videos of how madhubani painting is made for the website with a share and download button. This has to be with the brand logo. Also, put a plain downloadable madhubani painting image without colors for kids to learn and paint. This will increase the engagement of users coming to the website and interested in learning the painting. Ask the customer if they want to learn more about this painting at a price.
  • Create reels for instagram and facebook on various folk art products like madhubani, jaipuri, block printings. how they are made and the artisans behind the scene


​



​




















































































































Brand focused courses

Great brands aren't built on clicks. They're built on trust. Craft narratives that resonate, campaigns that stand out, and brands that last.

View all courses

All courses

Master every lever of growth β€” from acquisition to retention, data to events. Pick a course, go deep, and apply it to your business right away.

View all courses

Explore foundations by GrowthX

Built by Leaders From Amazon, CRED, Zepto, Hindustan Unilever, Flipkart, paytm & more

View All Foundations

Crack a new job or a promotion with the Career Centre

Designed for mid-senior & leadership roles across growth, product, marketing, strategy & business

View All Resources

Learning Resources

Browse 500+ case studies, articles & resources the learning resources that you won't find on the internet.

Patienceβ€”you’re about to be impressed.