How Meesho became Unicorn Company - Its Valued 2.1Billion USD
December 7, 2025
December 12, 2025,8:57:30 PM
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Ramesh Kumar Dua is the managing director of Relaxo Footwears, the company that produces the Sparx shoe brand
1. Humble Beginnings: Sparx was founded in 2003 by the Relaxo Footwears Ltd. company.
2. Affordable Quality: Sparx focused on providing high-quality, affordable footwear for the masses.
3. Innovative Designs: The brand introduced stylish, comfortable, and durable designs that appealed to a wide range of customers.
4. Marketing Strategies: Sparx implemented effective marketing strategies, including celebrity endorsements and sponsorships.
5. Expansion: The brand expanded its product line to cater to various segments, including casual, formal, and sports footwear.
6. Strong Distribution Network: Sparx established a robust distribution network, making its products widely available across India.
7. Customer Satisfaction: The brand prioritized customer satisfaction, ensuring excellent after-sales service and support.
8. Awards and Recognition: Sparx received awards like the "Best Footwear Brand" at the 2019 India Retail Awards.
9. Sustainability Efforts: Sparx implemented eco-friendly practices in its manufacturing processes, reducing its environmental footprint.
10. Continuous Growth: Sparx continues to grow, innovating and adapting to changing market trends and customer preferences.
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Today, Sparx is one of India's leading footwear brands, known for its quality, style, and affordability, with a presence in over 20 countries worldwide. Sparx is a brand owned by Relaxo Footwears Ltd., which also owns several other brands, including:
1. Relaxo: Known for its comfort footwear.
2. Flite: Offers lightweight, comfortable footwear.
3. Bahubali: Inspired by the popular Indian movie, offering bold and stylish footwear.
4. Schoolmate: Provides comfortable and durable school shoes for kids.
Relaxo Footwears Ltd. also has a licensing agreement to manufacture and market footwear under international brands like:
1. Lee Cooper
2. Havana
3. Arrow
These brands cater to various segments and preferences, expanding Relaxo's presence in the footwear market. The turnover for Sparx, a brand owned by Relaxo Footwears Limited, isn't publicly disclosed as a standalone figure ¹. However, Relaxo Footwears Limited eyes a turnover of Rs 2,500 crore for the fiscal year
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