Kartik Gurmule – Founder of KASA, Co-founder of Dropshyp

How does Kartik make money online?

Kartik is the founder of KASA and the co-founder of Dropshyp.

KASA is a luxury shoe and accessory brand that designs products in the UK, manufactures in Italy, sells online, and ships worldwide.

Dropshyp self-describes as “an eCommerce platform that connects suppliers and sellers to buyers, retailers, dropshippers, and affiliates.”

The platform makes money by charging a 5% commission on transactions.

How much money does Kartik make?

I haven’t been able to find any reports on Dropshyp’s revenue.

But KASA’s monthly revenue is reported as $80,000 according to a March 2020 interview with an 18-year-old Kartik.

Regarding profit, Kartik wrote:

Our profit margins, before ad-spend, are around 30-50%. This includes the cost of goods, shipping, and fulfillment costs. The only major element was influencing our profit margin in our ad-spend, which depends on what audience we are targeting and where they live.

So that’s $24k to $40k monthly profit before ad spend.

Unfortunately, Kartik didn’t share how much he spends on ads.

How did Kartik get started?

Kartik was starting businesses in his early teens, as per that March 2020 interview:

When my friends were busy playing games, I was busy learning C# and developing/creating games using Unity and Unreal Engine. I became a certified Web Developer at the age of 13 and started building websites for fun. 

He started KASA at only 16 years of age, becoming inspired on a trip to Italy where he visited a factory where boots were made.

I started slow, hired a few designers from the UK who helped me design some shoes for the 2019 collection. Later, I contacted and shortlisted a few manufacturers throughout Europe and China. Fortunately, I was able to close deals with one who had locations in Milan as well as Guangzhou.

It took me around six months to plan, convince the manufacturer, and create an ultimate website. I raised no funding in this business through venture capitalists; I used my savings from the previous venture and self-funded it.

Kartik built the KASA website on Shopify and it sounds like he mainly drove traffic and sales via Facebook ads initially.

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What type of online business does Kartik have?

According to our framework Kartik’s businesses can be broken down like this:

• Physical Products (Level 5)
  KASA sells shoes and accessories online and ships worldwide.
• Marketplace (Level 5)
  Dropshyp “connects suppliers and sellers to buyers, retailers, dropshippers, and affiliates.”

Follow the links above for more info and examples for each type of business.