Sambhav Karnawat is the founder of Jewelove. His family has been in the gems & jewellery business for 4 generations & he graduated from IIT Kanpur in 2012. He has earlier worked with Suranas for 3 years in a hybrid model & he realized several challenges faced by offline retailers & the need for a dedicated platinum jeweller & decided to work on a business model that allows him to provide customer’s exceptional prices for platinum jewellery while maintaining very high quality standards. His startup Jewelove works on a lean business model to reduce inventory & showroom costs & hence pass on these savings to the customer’s.
Podcast Notes
We talked to Sambhav on various aspects of his business and product. Here are the notes from the podcast conversation.
Tell us more about JewelLove
How did you come up with the idea?
How did the initial MVP looked like?
What kind of feedback and traction you had initially after launch?
How do you use data for your product growth?
How do you take build Vs buy decision for product development?
Day to day challenges in product development
How do you build trust in your customers through product?
How do you define and track success metrics for your product
What are your views on competition?
Advice for product maker
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