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Sector Thesis·3 min read·Week 23

D2C Supplements: Why Niche Fails Before Scale

India's D2C supplement market grew 45% YoY to $320M in 2023. Winners aren't starting broad or staying narrow—they're sequencing from hyperspecific verticals into adjacencies. Unit economics collapse at scale without this discipline.

ByAmit Tyagi·Fitoor Capital
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Amit Tyagi

Founder, AletheiaAI & GP, Fitoor Capital

Veteran of India's startup ecosystem. Writing about fundraising, investor psychology, and what it takes to build fundable startups in India.

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#d2c-india#health-supplements#unit-economics#go-to-market-strategy

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D2C Supplements: Why Niche Fails Before Scale · Aletheia Insights