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10 1108 - Eemcs 01 2023 0006
10 1108 - Eemcs 01 2023 0006
new frontiers?
Shruti Gupta and Neena Sondhi
Shruti Gupta and Neena Sondhi wrote this case solely to provide material for class discussion. Shruti Gupta and
The authors do not intend to illustrate either effective or ineffective handling of a managerial Neena Sondhi are both
situation. The authors may have disguised certain names and other identifying information to based at International
protect confidentiality. Management Institute,
Delhi, India.
Sirona Hygiene Private Limited company was a young startup founded by Deep Bajaj, a
40-year-old postgraduate from Australia. The firm started operations in 2015 as First
Step Digital Private Limited, with a female urination device (FUD) called Peebuddy. In
2019, the firm was renamed Sirona Hygiene Private Limited and had three brands
under its umbrella, namely, Peebuddy (female hygiene), Sirona (menstrual hygiene)
and BodyGuard (protection and wellness). Sirona was recognized as a firm that came
up with disruptive feminine solutions, and BodyGuard was a forced-fit brand in the
Sirona family of feminine products. Bajaj himself emphasized we shall continue to invest
in our mission of solving unaddressed Feminine Hygiene issues with our unique,
problem-solving products (Lim, 2022). However, the 2020 global pandemic
unexpectedly boosted Sirona’s BodyGuard range – hand sanitizers.
The sanitizer market was found to be multiplying, and protection as sanitization products
were fast becoming part of every consumer’s daily ritual. According to Statista.com (2022),
the hand sanitizer market was expected to enjoy a compounded annual growth rate
(CAGR) of 4.07% in the next five years till 2027. The numbers meant a great deal in a hugely
populated country of more than 1.3 billion (Statista, 2022). The BodyGuard range had only
one option in the hand sanitizer product category, and considering the growth figures, Bajaj
could consider expanding the sanitizer line. This expansion would serve the company well
as a secure but challenging growth option that required considerable deliberation.
Currently, the BodyGuard range was focused on business-to-consumer (B2C) users, but
sanitizer volumes were higher in the business-to-business (B2B) group. Bajaj could
evaluate the strategic implications of expanding the sanitizer product line by aligning the
decision with a possible expansion into the B2B segment. The addition could be an
excellent opportunity to consider whether BodyGuard should slowly move out of the B2C
to the B2B segment. On the flip side, BodyGuard had a range of products, from mosquito
repellants, baby products and adult diapers to face masks and hand sanitizers. Except
for hand sanitizers, all other options were primarily individual consumption products. If Disclaimer. This case is written
solely for educational purposes
BodyGuard did come up with a new product formulation for hand sanitizers, would it not and is not intended to represent
be correct to continue as a B2C brand? However, if BodyGuard stayed a B2C brand successful or unsuccessful
managerial decision-making.
to stand out in a cluttered, commoditized category such as sanitizers, it was time they The authors may have
disguised names; financial and
came up with a well-crafted segmenting–targeting–positioning strategy to ensure brand other recognizable information
recognition and loyalty. to protect confidentiality.
DOI 10.1108/EEMCS-01-2023-0006 VOL. 13 NO. 2 2023, pp. 1-36, © Emerald Publishing Limited, ISSN 2045-0621 j EMERALD EMERGING MARKETS CASE STUDIES j PAGE 1
Sirona Hygiene products: servicing hygiene and wellness
Sirona Hygiene was the “accidental” brainchild of Deep Bajaj, a Marketing Postgraduate
from Australia who dreamed of becoming an entrepreneur with a difference. After dabbling
into event management for a couple of years, it was in 2013 when he, on a road trip,
identified an untapped space in female toilet hygiene and created a disposable FUD that
enabled women to avoid contact with dirty toilet seats and urinate into this funnel-like use-
and-throw device. Once the product prototype was ready and patented. Bajaj launched his
first brand PeeBuddy, an innovation that won Bajaj almost instant recognition from the
Limca Book of World Records in 2015 (Tyagi, 2017) and a series of awards and laurels for
Bajaj as a budding Indian entrepreneur [1].
Bajaj and his brother Mohit Bajaj co-founded the bootstrapped venture First Step Digital
Private Limited in 2015 with Peebuddy as the flagship product. Bajaj was clear he would,
over time, develop more innovations to answer unsolved female intimate and hygiene
issues. So, in 2016, the firm patented and launched India’s first 100% herbal menstrual pain
relief patch. Branded as Sirona, this branded line would answer unsolved menstrual
hygiene problems. With multiple funding rounds in 2017 and 2019, the firm adopted
product innovation as its core strategy. The company finally became profitable in 2019
(Hariharan, 2021). Bajaj decided to rename the firm Sirona Hygiene Private Limited. It
secured revenue of INR 14 crore in 2020 and 26 crores in 2021, and with its three brands –
Sirona, Peebuddy and BodyGuard – aimed to join the Unicorn club by reaching the 100-
crore mark by 2023 (PTI, 2021). Bajaj shared that ten of 25 products are India’s first of its
kind. We have India’s first herbal period pain relief patches. Three hundred thousand
women used Sirona menstrual cups. The average order value of Sirona is around Rs 300.
We have natural biodegradable-colored pads, tampons, intimate natural wash, and natural
antiseptic rash cream for rashes. We also have family hygiene products like natural
mosquito repellent under BodyGuard by Sirona and a reusable pollution mask (Sahu,
2020).
Accordingly, alongside the revolutionary and innovative brands Peebuddy and Sirona,
BodyGuard was a safeguard that kept the Sirona boat sailing. Shared Bajaj, “We try to
identify those problems for which a mother does not get a readymade solution, now these
have a solution in our products.” (Silicon India, 2018) However, the firm’s Vision [To Break
the stigma around menstrual hygiene and redefine femininity for modern times] and Mission
[To impact the lives of women positively by offering products that solve unaddressed
feminine hygiene issues and share ‘‘unbiased’’ information that empowers them to take the
right decision] resonated more with the essence of the two feminine hygiene brands –
Sirona and Peebuddy. The funding rounds for Sirona Hygiene also corroborated this
perspective.
In 2021, Bajaj raised $3m in an A series funding round. Bajaj shared that At Sirona, we stand
committed to solving unaddressed intimate and menstrual hygiene issues women face with
our innovative products. This funding is a noteworthy milestone for us as we see it as an
external validation of our work. We thank NB Ventures, Dubai, and IAN Fund for believing in
our mission to break the taboo around feminine hygiene issues (Bhalla, 2021). However, the
firm faced a setback in the same year as the earlier investors decided to exit. Bajaj went for
Series B funding by Good Glamm in the latter half of the same year. The Good Glamm was the
largest Direct-to-Customer Unicorn in South Asia in the Beauty and Personal Care segment,
for an undisclosed majority stake in a 100 crore all-cash deal and had further committed to
spending INR 100 crore in the next two years on the brand (Verma-Ambwani, 2021). Sanghvi,
Founder and CEO Good Glamm Group, explicitly stated that Sirona Hygiene has been
disrupting the feminine hygiene space with its innovative products. When we look at potential
investments or acquisitions, we evaluate them from the lens of whether an asset will help us
get scale or help us build habits or help us build a brand. Sirona ticks all these boxes for us.
This is one of the unique opportunities where we believe our ecosystem of content and
1. Demographic segmentation: One way was to take a demographic perspective (Exhibit 3).
According to a market research survey, 77% of individuals used hand sanitizers. Of these
consumers, a large majority – 62.5% were females, while the rest were males (Market
research, 2021). It was essential to identify the target demographics, as this would have
implications on the SKU, fragrances and the targeting principle. As there were viable product
options for babies under the BodyGuard range and Sirona and Peebuddy were female
products, would it be better to target women and children, especially infants? While this
would fit well with the sister brands of the firm, would sales be significant enough to justify
ignoring the male half of the population? Post the pandemic, would hand sanitizers be
primarily an urban lifestyle product, or would the aftermath make this a near-universal habit
across towns and cities? Could other factors, such as age, influence the use of the category?
If yes, would Generation Z, who was out of home for extensive hours, or the vulnerable older
consumers be better to segment prospects for BodyGuard?
2. Psychographic segmentation: Another way of segmenting the market would be to look
at lifestyle-based psychographic segments. The authors conducted a short primary
consumer survey with sanitizer users to facilitate the segment attractiveness evaluation
to identify four actionable psychographic segments. Additionally, consumers’
responses to a new product idea and their intention to buy such a product were also
explored. (Exhibit 2: A Consumer Segmentation dipstick study). Sirona could use the
Notes
1. www.thesirona.com/about-us. Accessed on November 20, 2022.
2. Assistant Director (F&B firm); Key Account lead (Cleaning solutions); General Manager facilities
(Educational institute/student hostel); Head Housekeeper (Luxury hotel, Delhi); Cardiac Surgeon;
Pediatrician; Academic Expert (behavioral health-care economics); Consultant (Big Four consulting firm).
3. Concept note (potential product): 100% natural, organic glycerin-based aloe vera and neem-
based hand sanitizer. Possible fragrances: neutral, rose, lemon, sandalwood, lavender, musk and
others. Possible pack size:10 ml vial; 50/100/200 ml.
4. Assistant Director (F&B firm); Key Account lead (Cleaning solutions); General Manager facilities
(Educational institute/student hostel); Head Housekeeper (Luxury hotel, Delhi); Cardiac Surgeon;
Pediatrician; Academic Expert (behavioral health-care economics); Consultant (Big Four
consulting firm).
5. Indian Retail Bureau (2022). Sirona Witnesses a 50 pc Growth in Biz in First 6 Months of this Fiscal.
Available at www.indianretailer.com/news/sirona-witnesses-50-pc-growth-biz-first-6-months-fiscal.
Accessed on January 1, 2023.
References
Bhalla, T. (2021). Sirona hygiene raises $3 million in series a funding. Retrieved from www.livemint.com/
companies/start-ups/sirona-hygiene-raises-3-million-in-series-a-funding-11618919043127.html (accessed
20 November 2022).
Businessworld Online Bureau. (2022). Sirona: Disrupting the female hygiene industry in India, one
product at a time!. Retrieved from www.businessworld.in/article/Sirona-Disrupting-The-Female-Hygiene-
Industry-In-India-One-Product-At-A-Time-/22-02-2022-421069/ (accessed 20 November 2022).
Fortune Business Insights. (2021). Retrieved from www.globenewswire.com/en/news-release/2021/02/17/
2177126/0/en/Hand-Sanitizer-Market-Revenue-to-Reach-USD-1-96-Billion-by-2026-Industry-Bigwigs-Such-as-
Unilever-and-Henkel-to-Focus-on-Catering-to-the-Surging-Demand-for-Hand-Sanitizers-Amid-the.html
(accessed 20 November 2022).
Hand Sanitisers: the story ahead. (2022). Euromonitor international report. (accessed 11 November
2022).
Hariharan, S. (2021). Good Glamm group invests Rs 100 crore in Sirona. Retrieved from https://
timesofindia.indiatimes.com/business/india-business/good-glamm-group-invests-rs-100-crore-in-sirona/
articleshow/88409714.cms (accessed 20 November 2022).
Lim, A. (2022). Breaking taboos: India’s Sirona ready to start ‘much-needed’ conversations about feminine
hygiene. Retrieved from www.cosmeticsdesign-asia.com/Article/2022/02/01/india-s-sirona-ready-to-start-
much-needed-conversations-about-feminine-hygiene?utm_source¼copyright&utm_medium¼OnSite&
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PTI. (2021). Sirona eyes Rs 100-cr revenue in FY23. Retrieved from https://retail.economictimes.
indiatimes.com/news/health-and-beauty/sirona-eyes-rs-100-cr-revenue-in-fy23/87455359 (accessed 20
November 2022).
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chinas-1-billion-un/article65584707.ece (accessed 19 December 2022).
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herbal products. Retrieved from https://healthcare.siliconindia.com/vendor/first-step-digital-helping-
mothers-fight-bioenemies-of-their-babies-through-deetfree-herbal-products–cid-5961.html (accessed 20
November 2022).
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pharmaceuticals/hand-sanitizer/worldwide (accessed 20 November 2022).
Tyagi, C. (2017). Peebuddy: A female urination device is attracting plenty of supporters and trolls.
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“The consumer has realized the value of preventive measures like the use of masks (37.5% of the
sample), sanitizers (75% of the sample), and taking vitamin supplements (75% of the sample)”.
“Health concerns by consumers, steer them towards looking for products that will be good and
healthy for themselves and their family.”
“Service industry like Educational institutes, hotels and restaurants and tourism industry will have
to take serious note of this and be able to demonstrate hygiene and excellent sanitized spaces if
they want to stay relevant to consumers.” [Educational and hospitality experts].
“The patients who come to us are more aware and first look around our clinic/hospital to see
whether we are maintaining hygiene.” [Doctors].
Business vs Individual Consumers: Where is the awareness higher for sanitization and hygiene?
“But Businesses, especially B2B which are in the service sector, will need to be 100%
sanitization compliant.” [Sanitization expert].
“Consumer lifestyle and habits are always evolving and dynamic, so the consumer who is over-
cautious today may become complacent and back to earlier habits soon.” [Academic expert].
“I do not think the consumer memories of the terrible pandemic times will let them revert to being
lax in maintaining good hygiene and health.” [F&B expert].
“Both product and service firms B2B firms will have to take the shifts in consumer attitude and
behaviour as long-lasting and therefore design their service and product offerings keeping the
importance of cleanliness and sanitization indices not less than 9/10.” [Consultant].
“It will be a great opportunity, especially the more vulnerable population of the older consumers
or parents with young children or those with comorbidities.” [Doctors].
“Hand sanitizers will be 70% an individual consumer purchase, and 30% volumes will come from
business consumers.” [Cleaning solution expert].
“Consumers will always look for eco-friendly and natural products in hand sanitizers as they are
skincare products.” [Doctors].
“What was once a developed world phenomenon now hand sanitizers are going to be essential
buys within emerging economies as well.” [Consultant].
“The students, faculty, and guests who come do not really look at the product’s smell in the hand
sanitizers. They feel comfort if there is a sanitizer as they go in the bathrooms, lifts, and
classrooms.” [Educational institute].
“Since this is a personal product like a cream and a cola, the purchase volumes will always lie
with the individual consumers.” [F&B Expert].
Figure E1
Logo
Table E1
Company (brand) Form/composition/fragrances Sizes (ml) Price (INR) Product benefits
Table E2
Demographic factors Percentage of the total population
Gender
Male 51.3
Female 48.7
Age groups
0–4 years 8.4
5–14 years 17.3
15–29 years 27.3
30–59 years 37.0
60+ years 10.0
Source: IndiaStat.com. www.indiastat.com/
Neena Sondhi is Professor of Marketing and Dean Research and Accreditations at IMI New
Delhi. A Doctorate from Delhi University, Sondhi has three decades of teaching, research
and consultancy experience. A prolific research Dr Sondhi has over 35+ peer-reviewed
journal publications and has written 15+ case studies (available with Harvard Business
School Publishing). She won the ISB-Ivey Global Case Competition in 2017 and 2018. In
2021, her coauthored case study, Peebuddy: Ladies, It’s Time to Stand-Up won the “First
Runner-up award” at the 26th CEEMAN & Emerald Case Writing Competition and in 2021
her coauthored case SIROHI: Empowering Women to Empower the Brand was among the
three honorable mention cases in the 27th CEEMAN & Emerald Case Writing Competition.