ilmscore | Noise founder on how he built a ₹4,000 cr wearables brand ft. Gaurav Khatri | Business Talkies

Predictions from this Video

Total: 16
Correct: 0
Incorrect: 0
Pending: 16
Unrated: 0
Prediction
Topic
Status
The speaker believes the smartwatch category will grow significantly in India due to increasing awareness of fitness and the role of smartwatches in controlling smart technology.
"I believe in the smart watch category will grow because not many people were there, fitness was something which was very less in India at that time in 15-16, but we believe in it that this is an opportunity that is coming to India now, after a year, they will be much more aware through internet and stuff about how important fitness is and the way smart watches and smart technology was growing, this will be the hub of a lot of smart tech that you will be controlling through the wrist."
Smartwatch Market
Pending
Smartwatches will evolve to control home automation, including keyless entries and lighting, though this is not yet widespread in India.
"The day you will start controlling your keyless entries from watches the day you will start controlling a lot of your lighting and home automation that too today It is possible and it can happen even today but right now it has not scaled up to that extent in India."
Wearable Technology
Pending
Wearable technology will expand beyond smartwatches into various forms and factors, each targeting a specific niche audience.
"So, I think if we look at the variable in a broader version, I think the variable smart watch is one smart variable. It will have a lot of different forms and factors that will come with time and solve for a different niche of audience."
Wearable Technology Forms
Pending
In the next two years, there will be significant advancements in AI, leading to more accurate fitness algorithms and smarter audio and wearable devices.
"a lot on audio a lot on variable space a lot on fitness algorithm reaching to Accuracy enabling lots of things with AI and making the devices much smarter"
AI and Smart Devices
Pending
Noise is projected to achieve 500 crore INR in gross revenue annually.
"if I have to answer this we would be nuts of 500 crores of gross revenue business would be selling in a year"
Noise Revenue
Pending
The speaker suggests that for a great brand, gross margins should ideally be between 55-60%, though they have previously operated in the 30-45% range.
"I think as high as it has to grow like we were at at one Particular time we're at 30 or 35 40 45 and if you want to be really, really a great brand I think it should be not at 50 60 or not at 50 55 or 60 also"
Noise Gross Margin
Pending
Noise is focusing on the wireless health tech ecosystem, with smart rings being a potential area of expansion.
"our interest in the last two years is around the wireless health tech ecosystem is where we will be focusing a smart ring is what is also one big thing or we are ring one that is that has some scope"
Noise Next Category Expansion
Pending
Noise plans to expand its market reach to larger geographies outside of India.
"Channel expansion will also be there We want to touch base on the bigger geographies outside India Also is what we want to touch on"
Noise International Expansion
Pending
While some predict wearables will shift from watches to rings, the speaker believes significant innovation will still occur in the smartwatch space, contrary to the idea that watches will solely become jewelry.
"such a saying is being done because people are saying that wearables will move from watches to rings Because it is much easier to wear and watches will soon become jewellery again I I don't think so It's true from a 30000 view Somebody can feel what ever they want But being looking around the consumer I can tell you a lot of innovation is going to happen in the smart watch space"
Smart Ring Market
Pending
Influencer marketing does not typically lead to immediate, drastic sales increases. Celebrities are useful for different brand-building reasons, and brands should be clear on their purpose for associating with them.
"such an impact doesn't happen that an influencer came to you yesterday and the day after tomorrow your sales increased 10 times. You don't get that kind of thing. And I think you need celebrities for different reasons. And a brand should know why that celebrity is coming."
Influencer Marketing Effectiveness
Pending
Noise continues to allocate most of its marketing budget to digital channels, with less spending on offline marketing, though some investment is made in experience setups.
"I think even now we spend most of our money in digital form, we don't spend much in offline form, of course now there is money that goes into the experience setup that you have to do at earn"
Noise Marketing Spend
Pending
The speaker is hesitant to make 10-year predictions in the tech space due to its rapid changes, but anticipates significant developments in audio, wearables, and AI-driven fitness algorithms within the next two years.
"I don't believe much in 10 year vision well and because in tech space everything changes in 10 years I can tell you about the next two years a lot on audio a lot on variable space a lot on fitness algorithm reaching to Accuracy enabling lots of things with AI and making the devices much smarter"
Future of Wearables (10-year vision)
Pending
Smartwatches are expected to evolve to control keyless entries and home automation systems.
"the day you will start controlling your keyless entries from watches the day you will start controlling a lot of your lighting and home automation"
Smartwatch Capabilities
Pending
The market is seeing development in various smart wearable devices beyond watches, including shoes, t-shirts, belts, rings, and helmets.
"people are working on smart shoes, people are working on smart t-shirts, people are working on smart belts, smart rings, smart helmets and stuff."
Consumer Tech Market Trends
Pending
The partnership with Bose is expected to bring significant changes and advancements to Noise's audio products.
"in audio like you I told you know Bose is now with us so things will change a lot of things are going to happen in a big way"
Noise Partnership with Bose
Pending
The speaker anticipates that new and unprecedented technological innovations will emerge in India.
"there is going to be a lot of different things that this country has not seen before"
Consumer Tech Innovation
Pending