Back

Weaves of Tradition - 70,000 to 32 lac revenue in 2 years

  • 2019-08-16T16:27:39.356Z
    Published
img

Award

Weaves of Tradition, founded by Madhuri Aggarwal in 2017, is a platform that sources and curates handloom, art, and craft from craftsmen and artisans across the country. It differentiates itself from other online portals by adding its own special touches along the way.

How an investment lawyer made her foray into the world of fashion is a story a lot of entrepreneurs can learn from. Sometimes, what you believe you are cut out for may not make the cut at all. And this is what happened to Madhuri Aggarwal, the founder of Weaves of Tradition, an online portal that sells sarees, dress material, dupattas, stoles, woollens, readymade garments, handcrafted jewellery, and home linen sourced from artisans across India.

Products - weaves

After working as an investment lawyer for five years, Madhuri went on to do an MBA in 2014 to gain more knowledge of the world of business, management, and finance. Later, she realised that the combination of law and MBA was not welcome in most companies and firms.

“I was often questioned about my seriousness about pursuing a career in either field. For two years I knocked at every door I could think of. Soon, I realised I was running after something that wasn’t meant to be,”

So, Madhuri relied on Plan B: her plans of entrepreneurship. She didn’t have to look too far for inspiration. She explains. “My mother is my biggest inspiration in terms of developing my love for fashion. She used to wear beautiful handloom cotton and silk sarees, and her sense of design and style always inspired me to design and enter the world of fashion.”

That is how Madhuri decided to take the plunge to pursue her passion for fashion and styling in 2017 and launched Weaves of Tradition.

speaker

Weaves of Tradition began with a budget of Rs 70,000 and 50 products, and its website was launched in 2018.

Weaving a USP

The uniqueness of the products of Weaves of Tradition is that each product goes through a number of processes thereby employing a number of skilled artists and giving them an opportunity to earn. It is not a simple buy-and-sell business model, but a buy, upgrade, and sell model.

“I also upcycle old sarees. One of the important requirements of sustainable fashion is reusing the old. Heirloom sarees, those that are 30-40 years old, have excellent quality of fabric and zari work. Upcycling these sarees with embroidery, borders, new blouses, getting them polished are just a few of the things I do. I will be starting tailoring services soon to convert these heirloom pieces into beautiful garments,” Madhuri says.

Challenges in the path

Madhuri started Weaves of Tradition when her baby was just three months old.

“It was the most difficult time of my life, when I had to take care of my little one without much help as well as set up the business. It has been an exhilarating journey, nurturing and bringing up two babies. Most days I would work all night and take care of my baby during the day. My biggest support during this time was my husband, who has supported me in every way possible,” Madhuri says.

Growth and future plans

The Bengaluru-based bootstrapped venture, which began with 50 products initially, now has about 1,000 stock keeping units (SKUs). Its products are priced from Rs 200 and go up to Rs 10,000, depending upon the fabric and the craft, the manufacturing time, and method.

Over the last two years, the startup claims that it has been growing at close to 250 percent per annum and around 27.5 percent month on month. The venture, which generated a revenue of Rs 32 lakh last fiscal, is targeting Rs 10 crore annually in the next 10 years

“The future revenue plan for Weaves of Tradition is to expand its categories and product selection to become a complete eco-friendly and sustainable lifestyle brand. A huge part of my business will also be dedicated to upcycling, upgrading, and recycling used products to create new ones,” Madhuri says.

Originally posted in Her Story