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How a Pune direct selling company earned revenue of Rs 419 crore despite lockdown

How a Pune direct selling company earned revenue of Rs 419 crore despite lockdown
Dipanita Nath
© Provided by The Indian Express
The data showed something strange happened to buyers last year. Unlike before, they wanted more agricultural material and healthcare products and very few cosmetics. “I think a lot of people went back to farming as a way of earning their livelihood. They also became more concerned about using nutritional products to boost their health,” says Sujit Jain, Chairman and Managing Director, Netsurf Network.
The Pune-based company is among the few in the country to have beaten the economic showdown that accompanied the pandemic. In 2019-20, they earned revenue of Rs 270 crore and topped that in 2020-21 by making Rs 419 crore. “In 2021-22, we are targeting Rs 650 crore that is the kind of growth direct selling companies are experiencing due to the pandemic,” adds Jain. ....

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Business Live: - The Hindu

Business Live: - The Hindu
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Netsurf explores PE funding to fuel growth, plans for IPO by 2025

Netsurf explores PE funding to fuel growth, plans for IPO by 2025
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Direct selling company Netsurf Network, a part of Netsurf Communications, is exploring tapping private equity funds to raise capital for achieving growth targets, according to a top executive.
“Looking at current growth and sales projections, we will be investing majorly into increasing production capacity to fuel the growth,” said Sujit Jain, CMD, Netsurf Communications Pvt. Ltd.
“Apart from production we will be investing heavily in strengthening technological infrastructure along with marketing & long-term brand-building exercise. We are exploring private equity funds for rapid growth,” he said. ....

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Global Household Cleaner Market 2021 Share, Trend, Segmentation and Forecast to 2027

Global Household Cleaner Market 2021 Share, Trend, Segmentation and Forecast to 2027
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