DEVICENEXT
News

Cadyce registers exceptional 25% Y-o-Y revenue growth in FY23-24 through its USB-C product range

PLAYGO_DURA __BANNER728x90

Cadyce, a leading global consumer tech brand offering end-to-end networking and connectivity solutions for individuals and businesses, registered a stellar 25% Y-o-Y revenue growth in FY23-24 driven by the soaring popularity of its USB-C product line. The company experienced a massive surge in demand for its USB-C solutions across India, especially in major metropolitan areas.

The brand witnessed an average of 25% M-o-M growth in FY 23-24 in its marque USB-C product range. Over 1 million Cadyce products were sold pan-India, with 70% of its sales from Tier 1 cities, including Mumbai, Delhi, Bangalore, Chennai, Hyderabad, Pune, and Ahmedabad. Tier 2 cities contributed a healthy 20%, while Tier 3 cities constituted 5% of sales. The remaining 5% came from other areas across the country.

The company has further recorded a 30-40% surge in its quarterly product shipments. The key driver of this exceptional sales performance was consumer demand shifting heavily towards the company’s innovative and value-driven USB-C product range. This comprehensive lineup includes state-of-the-art yet affordable USB-C cables, hubs, docks, adapters and more – providing end-to-end connectivity solutions. Notably, around 30-40% of Cadyce’s sales came from repeat customers, showcasing the strong brand loyalty inspired by their products.

WBE-ads

Swati Shah, Co-Founder of Cadyce, said, “We are thrilled with the positive consumer response to our cutting-edge USB-C product lineup. As more and more devices make the transition to USB-C, we are strategically positioned to meet this escalating demand with our innovative yet economical end-to-end networking and connectivity solutions. At the same time, we are geared to expand our product portfolio across all our major connectivity solutions categories.” 

Cadyce is laser-focused on aggressively expanding its global presence while solidifying its position in the lucrative Indian market. The company is rapidly growing its pan-India distribution network across physical retail outlets and strengthening its e-commerce channels like its website, www.cadyce.com, and other major online platforms.

Related posts

MediaTek India Rolls Out ‘MediaTek Connect Program’

devicenext

Sony India introduces attractive promotional offers this Onam

devicenext

JBL World Music Day Survey

devicenext
error: Content is protected !!