Brands
“We remained dedicated to our core values”: Zouk’s Disha Singh and Pradeep Krishnakumar
Mumbai: The bags, footwear, and accessories category is an ever-evolving one. With sustainable, vegan, and cruelty-free products seeing an uptick and without it compromising their style statement, consumers are certain about what they want. A change in style and fashion every now and then is most welcoming; however, there are always some classics that never leave the shelf.
Zouk is one such modern Indian classic that seamlessly combines contemporary and traditional elements to infuse subtle elegance into your lifestyle. Handcrafted, cruelty-free, and proudly Indian, Zouk celebrates the vibrant Indian culture and presents it to the world. The brand offers products in the bags & wallets, footwear, and accessories categories.
Putting things into perspective, the bag and accessories direct-to-consumer (D2C) market in India is around one billion dollars and is growing at the speed of 50 per cent.
Founded by IIM Ahmedabad batchmates and husband-wife duo, Disha Singh and Pradeep Krishnakumar, Zouk’s journey began when Singh visited Kutch for an IIMA course. She observed that her friends appreciated the local handicrafts but refrained from buying them because they weren’t functional. This led Singh and Krishnakumar to build a modern lifestyle brand from India for the world.
Zouk’s product designs draw inspiration from Indian architecture, cultural diversity, and traditional handicraft techniques, making it a proudly Indian brand. All products are cruelty-free and responsible, with the brand being a PeTA approved vegan brand.
With over 400,000 happy customers who have purchased products from their D2C website and other marketplaces, Zouk’s proudly Indian and cruelty-free offerings have garnered immense love and support. The brand has raised $4.5 million so far, with marquee investors mentoring and supporting it at every step. In its last funding round, series A, Zouk raised three million where Stellaris Venture Partners led the round, with Sharrp Ventures, JJ Family Office, Deutsche Bank India CEO Dilip Khandelwal, Manoj Meena of Atomberg, and Vineeta Singh and Kaushik Mukherjee of Sugar Cosmetics participating.
Indiantelevision.com spoke to Zouk co-founders Disha Singh and Pradeep Krishnakumar at length about the journey of the brand, extending from being simply a bag brand to footwear and accessories, the D2C market, celebrity associations, and more.
After earning her MBA from IIM Ahmedabad, Singh launched Zouk in 2016 with a clear focus on designing high-quality products that blend Indian handicraft design with modern functionalities, all while using 100 per cent vegan materials.
Throughout her journey with Zouk, Singh has taken immense pride in upskilling and supporting over 400 expert artisans who help make Zouk’s proudly Indian products. As a woman in a traditionally male-dominated industry, she is proud to be supporting a diverse range of artisans and providing them with opportunities to grow and thrive.
Aside from production, Singh takes on a variety of roles at Zouk, including product design, brand building, and digital marketing. Her husband and IIM Ahmedabad batchmate, Krishnakumar, oversees other aspects of the business.
Under Krishnakumar’s leadership, Zouk has experienced remarkable growth, nearly 10x since the last fundraising round, the Pre-Series A round in mid-2021.
Before co-founding Zouk, Krishnakumar worked at various organizations like Deutsche Bank, McKinsey, Guild Capital, and BrowserStack, gaining valuable experience in operations, strategy, growth, and venture capital. He has expanded Zouk’s distribution from being a purely D2C website driven brand to becoming a bestseller on Amazon.
At Zouk, Krishnakumar takes care of operations, distribution, finance & investor relations, while Singh oversees other aspects of the product portfolio and brand building. Together with their team, they have recently conceptualized two successful events: Vegan Creator Day and Awards 2022, which celebrated content creators, and the Proudly Indian Fashion Show, which featured top content creators showcasing the brand’s heritage-inspired products in honor of India’s 74th Republic Day.
Krishnakumar believes that India is a brand-starved country, and hundreds of exciting brands will be created in the coming decade. He is passionate about promoting entrepreneurship and frequently speaks at events and webinars on this topic.
Zouk’s bags have appeared in the popular Bollywood movie Sherni and the celebrated OTT content, the Netflix series Little Things 3. The brand’s products have also been presented as gifts to Indian dignitaries visiting abroad.
Edited excerpts:
On the journey and evolution of Zouk since its inception
Singh: The journey of Zouk since its inception has been an exciting one. We started as a brand focused solely on bags, offering stylish and authentic alternatives. Over time, we noticed the growing demand for ethically made products, which encouraged us to expand our product category to include footwear and other accessories. As we progressed, we remained dedicated to our core values, which helped us connect with a community of conscious consumers who appreciated our offerings.
On witnessing the evolution of the D2C bag and accessory market in India, the kind of consumer trends that have shaped the industry, and upcoming innovations and trends
Krishnakumar: Throughout the years, we’ve closely tracked the remarkable evolution of India’s D2C bag and accessory market. Consumer preferences have shifted towards ethical practices, driving a surge in demand for eco-friendly and cruelty-free products. Today’s customers are increasingly mindful of their purchasing choices, actively seeking out brands that resonate with their values and proudly celebrate their Indian heritage while making positive contributions to being a member of the proudly Indian family.
Innovations and trends that are expected to disrupt the D2C bags, accessories, and footwear market might include advancements and manufacturing processes, the integration of technology for enhanced functionality, and the use of data-driven insights for personalized customer experiences.
On expanding into different categories
Singh: The motivation behind expanding into different categories like footwear and accessories was primarily driven by customer demand and market trends. As a brand, we wanted to offer a comprehensive range of cruelty-free products that catered to various lifestyle needs. We will continue to explore other relevant product categories in the future, always keeping in mind our core values and the preferences of our target audience.
On the advertising, marketing and media strategy that you have put in place for Zouk
Krishnakumar: Our advertising and marketing is focused towards reaching out to our customers in a way that they feel. The values that Luke is propagating is something that they associate with. So you will also see as you’re doing campaigns around Women’s Day and other festive times where they make their customers still the face of the brand. So everything that we do in our marketing and advertising is also centered around how we can project our products, in a way that that consumer understands their use cases, how useful it will be for them.
We have a strong focus on digital media and social media platforms. These channels allow us to connect with our target audience more effectively and engage with them through creative and impactful content. While we recognize the importance of traditional media like TV, print, and radio, our primary emphasis remains on the digital space, where we can build a more personalized and interactive relationship with our consumers.
On new-age brands aligning celebrity associations with their marketing strategies, brand ambassadors boosting sales and marketing efforts, and insights into specific collaborations such as the one with Sara Ali Khan
Singh: Aligning celebrity associations with marketing strategies for new-age brands involves finding the right balance between the celebrity’s image and the brand’s identity. The chosen ambassador should genuinely connect with the brand’s values and resonate with the target audience. Additionally, it is essential to ensure that the collaboration feels authentic and not forced, as consumers are quick to recognize inauthenticity.
As co-founders of Zouk, we believe that brand ambassadors can indeed have a significant impact on boosting sales and marketing efforts. They play a crucial role in increasing brand visibility, creating a positive image, and connecting with the target audience on a more personal level. Collaborations with the right brand ambassadors can help build trust and credibility, which, in turn, can positively influence consumer purchase decisions. One of the notable collaborations is with Sara Ali Khan, who is a well-known Bollywood celebrity also, well known for her social media presence. Her popularity and appeal to our target demographic helped us expand our reach and engagement on various platforms. Sara’s association with Zouk also aligned well with our brand’s values of cruelty-free practices, which further strengthened our brand identity.
On leveraging social media influencers alongside traditional celebrities to maximize the brand’s reach and engagement
Krishnakumar: To maximize our brand’s reach and engagement, we leverage both social media influencers and traditional celebrities. Social media influencers are excellent for creating authentic and relatable content that resonates with their followers. On the other hand, traditional celebrities can bring a sense of aspiration and glamor to our brand. By combining the two approaches, we can reach a broader audience and create a more diverse and engaging brand image.
On the criteria for choosing a celebrity ambassador to ensure a strong brand fit, your advice to other D2C brands looking to initiate celebrity associations as part of their marketing strategy, and key learnings
Singh: When choosing a celebrity ambassador for Zouk, we carefully consider several criteria to ensure a strong brand fit. Firstly, the celebrity’s values and image should align with our brand identity of being vegan, cruelty-free, and ethical. Their personality and lifestyle should complement our brand ethos. Additionally, we look for someone who genuinely resonates with our target audience and has a significant presence on social media platforms.
Celebrity associations can be a powerful marketing tool when executed strategically and with a genuine alignment of values between the brand and the ambassador.
Here are the points-
a) The brand needs to ensure that the chosen celebrity genuinely resonates with your brand values and aligns with your target audience’s preferences.
b)Look for a celebrity whose personality and lifestyle complement your brand ethos, creating a seamless fit between the ambassador and the brand.
c)Leverage social media influencers alongside traditional celebrities to maximize reach and engagement across different platforms.
d) Consider long-term partnerships with ambassadors who are genuinely invested in your brand’s mission, allowing for more impactful marketing efforts.
On the significant markets for the brand, and international expansion
Krishnakumar: The Indian market remains a significant focus for Zouk, and we are continuously looking to expand our presence in various regions across the country. Currently, the markets we are targeting include Mumbai, Bangalore, Chennai, Delhi, Pune, the Southern region, and the Western region. Regarding international expansion, it is indeed part of our long-term vision. We will carefully assess potential markets that align with our brand values and have a receptive audience for cruelty-free products.
On retail expansion plans
Singh: We are currently focused on expanding our retail presence both offline and online. For our offline expansion, we plan to open new stores in strategic locations. Additionally, we aim to establish exclusive brand outlets to offer an immersive experience. In the online realm, we’re expanding our product range and partnering with e-commerce platforms to reach a wider audience. Our omnichannel approach ensures a seamless shopping experience, integrating online and offline channels. With a commitment to customer satisfaction, we look forward to our continued growth and brand impact.
On the consumers’ tastes suddenly seeing a shift towards sustainable brands
Krishnakumar: The shift in consumer tastes towards sustainable brands can be attributed to increased awareness of environmental issues and the desire to make responsible choices. Consumers are becoming more conscious of the impact of their purchases on the environment and society, and they seek brands that share their values and contribute positively to the world.
On your vision and way forward for Zouk
Singh: Our vision for Zouk is to continue being a leading brand in the cruelty-free space, offering a diverse range of high-quality products that cater to various lifestyle needs. We aim to strengthen our position in the Indian market and explore opportunities for international expansion in the future.
Brands
From AI to IPOs: Hurun rich list shows billionaire boom year
AI, China and Musk power record surge as global billionaire club crosses 4,020
MUMBAI: Money, it seems, has learned to multiply faster than rabbits. The world’s billionaire club has burst through the 4,000 mark for the first time, with fortunes swelling so rapidly that the planet minted two new billionaires every single day last year.
That is the headline finding from the Hurun Global Rich List 2026, which counted 4,020 US dollar billionaires, up 578 from last year, setting a new world record. Their combined fortunes jumped 28 per cent, reflecting roaring stock markets, the unstoppable momentum of artificial intelligence, and a renewed wave of global industrial expansion.
If wealth were an Olympic sport, Elon Musk would be running laps around the competition. The Tesla and SpaceX founder has reclaimed the title of the world’s richest person for the fifth time in six years, with his wealth soaring 89 per cent to an astonishing US$792 billion. The surge was fuelled by booming valuations for Tesla and SpaceX, the latter now valued at US$1.2 trillion as it prepares for what could be a record-breaking IPO.
Musk’s meteoric rise also places him on the brink of a historic milestone. According to Hurun Research, he could become the world’s first trillionaire as early as this year, far earlier than previous predictions of 2030.
Behind Musk, Jeff Bezos retained second place with US$300 billion, buoyed by Amazon’s dominance in AI-driven cloud computing and renewed excitement around Blue Origin’s space ambitions. Meanwhile, Larry Page stormed into the top three for the first time after his wealth surged 65 per cent to US$271 billion, powered by Alphabet’s explosive growth and the global adoption of its Gemini AI systems.
Other big tech names continue to dominate the upper ranks. Sergey Brin sits fifth with US$247 billion, while Mark Zuckerberg, despite a modest rise to US$234 billion, slipped to sixth place. Europe’s lone representative in the top ten, Bernard Arnault of LVMH, held seventh position with US$178 billion following a rebound in luxury markets.
Perhaps the most striking new arrival in the top tier is Nvidia chief Jensen Huang, who entered the global top ten for the first time. His wealth climbed 34 per cent to US$172 billion after Nvidia briefly crossed a US$5 trillion market capitalisation, cementing its role as the backbone of the AI revolution.
Yet while tech titans surged, one legendary name slipped from the elite club. Bill Gates, after donating US$20 billion to philanthropy last year, dropped out of the top ten for the first time since the Hurun list began fifteen years ago, though he still retains a formidable US$115 billion fortune.
The geography of wealth has also shifted dramatically. After several years of decline, China has reclaimed its title as the world’s billionaire capital, with 1,110 billionaires, an increase of 287 in a single year.
The United States follows with 1,000 billionaires, up 130, while India remains firmly in third place with 308 billionaires, gaining 24 over the year.
Hurun researchers say China’s resurgence has been driven by industrial manufacturing, semiconductors and healthcare, sectors benefiting from Beijing’s push for technological self-sufficiency.
In India, the billionaire story is evolving rapidly. More than 80 per cent of Indian billionaires today were not on the list ten years ago, signalling a dramatic shift in the country’s wealth engines. Automobiles, financial services and food businesses led the charge.
At the top of India’s wealth ladder stands Mukesh Ambani, Asia’s richest person, with US$109 billion, followed by Gautam Adani with US$83 billion.
At the city level, the title of world’s billionaire capital once again belongs to New York, which hosts 146 billionaires, up 17 from last year.
China’s Shenzhen surged into second place with 132, overtaking Shanghai, while Beijing ranked third. Mumbai, home to 95 billionaires, slipped to sixth place globally.
If one force defined wealth creation in 2025, it was artificial intelligence. The list identified 114 billionaires whose fortunes are tied to AI companies, including 46 newcomers, making AI the single biggest engine of new billionaire creation.
Companies like Anthropic, the creator of Claude AI, produced seven new billionaires after its valuation soared to US$380 billion. Meanwhile, OpenAI’s alumni network has become a billionaire factory, with 14 billionaires emerging from the ecosystem.
The youngest among the new wealth creators are the founders of AI recruitment startup Mercor. Brendan Foody, Adarsh Hiremath and Surya Midha, all just 22, debuted with fortunes of US$2.4 billion each, becoming the youngest self-made billionaires on the list.
The billionaire economy is also becoming more diverse. By sector, financial services remained the biggest source of wealth, accounting for 11 per cent of billionaires, followed by media and entertainment (10 per cent), retail (9 per cent), and consumer goods (8 per cent).
Industrial products saw the biggest influx of newcomers, adding 109 billionaires, while healthcare also produced a significant wave of fresh fortunes.
Even cryptocurrencies maintained a foothold, with 23 crypto billionaires led by Binance founder Changpeng Zhao, worth US$29 billion, a 32 per cent increase.
Wealth is also spilling into unexpected arenas. A record 463 billionaires now own stakes in sports teams, including Dallas Cowboys owner Jerry Jones and Golden State Warriors investors Peter Guber and Joe Lacob.
Celebrity fortunes also climbed. The world now counts 25 billionaire celebrities and athletes, reflecting a shift toward ownership of brands and intellectual property rather than performance income alone.
Despite the rise of young tech founders, billionaires remain an older club. The average age on the list is 65, though 196 members are aged 40 or under, including 36 under 30.
Women continue to gain ground, with 285 self-made female billionaires, though China still dominates the category with three quarters of them.
Meanwhile, migration continues to shape global wealth. Around 14 per cent of billionaires live outside the country where they were born, with the United States hosting the largest group of immigrant billionaires at 175.
In total, 3,201 billionaires saw their fortunes rise, including 726 newcomers, while 809 saw their wealth fall and 96 dropped off the list entirely.
Yet the overall trend is clear. The billionaire population has more than doubled in a decade, and the elite US$100 billion “11-zero club” now counts 18 members, compared with none less than ten years ago.
As Rupert Hoogewerf, chairman of Hurun Report, puts it, the list tells the story of a rapidly changing global economy. “More than 70 per cent of today’s billionaires were not on the list ten years ago,” he noted.
Which means the real lesson behind the numbers is simple: in today’s economy, fortunes are no longer just built slowly. Increasingly, they are being engineered at the speed of innovation.
