Private Capital
Global PE firm evaluated beauty platform, identifying 10+ improvement areas
27 Apr 2020
Context
- Client Description: A global PE firm
- Opportunity: The client was considering investment in a leading cosmetics and beauty products platform in India
Further, the client specifically wanted to deep-dive on:
- Brand positioning and attributes consumers relate with leading platforms
- Customer feedback by brand, assortment, pricing and brand pull
- Analysis of a private label brand of the platform with other leading cosmetics brands in terms of customer association, brand image and usage
Our Approach
- In-depth interviews of 50+ consumers across leading Indian metro cities to understand consumer behaviour and brand awareness
- Survey of >1,200 cosmetics products users including a mix of the target users, non-users and ex-users to understand brand experience, NPS, and differentiators
- Secondary research, platform and product benchmarking and web scrape of platforms to identify price positioning and product variety available
- App analysis and mystery shopping to identify differentiating factors between platforms and competitive advantages
Praxis Value Delivered
- The client was able to evaluate brand awareness and get detailed insights into consumer behavior while purchasing cosmetic products which aided them in their investment decision
- A detailed list of key improvement areas for the platform was recommended basis the extensive consumer research to foster faster growth
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