Founder-led marketing becomes default playbook for Indian D2C, but investors flag scale risk

Indian D2C and startup founders—boAt's Aman Gupta, Sugar's Vineeta Singh, Bombay Shaving's Shantanu Deshpande, Zerodha's Nithin Kamath—are leaning into personal brands as a low-cost, authentic growth lever. VCs warn the model has scalability limits and reputational downside, citing Byju's collapse from a USD 22B peak.

— Filed Fri, 5 Jun, 2026, 06:24 IST · Source ET Brand Equity · Updated

Founder-led branding is rising among Indian D2C and startup brands like boAt, Sugar, Bombay Shaving, and Zerodha as a low-cost, authentic marketing tool, but investors warn of scalability limits and reputational downside risks at scale.