The Indian Startup Show

From Spicy Dreams to Market Domination: Mikhel Rajani co-founder of Naagin Sauce on building India’s No.1 hot sauce brand.

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Sinopsis

Chicken and hot sauce are a match made in heaven! In this episode, II’m joined by Mikhel Rajani, co-founder of Naagin Sauce, India’s first and favourite hot sauce brand. Mikhel and his team spotted a gap in the market about five years ago and have since transformed Naagin Sauce into a household name, now partnering with KFC India and reaching both domestic and international customers.We dive deep into the story of building Naagin Sauce and what it takes to pioneer a brand in an untapped market. Here's what we cover:Why India didn’t have a hot sauce brand before Naagin and how they championed Indian Ghost Chillies.The challenges of being first movers in the market—and how they overcame the heat, both figuratively and literally.Creating and  testing recipes that balanced nostalgia and innovation.Mikhel’s insights from 15 years in the F&B industry: branding, marketing, and growing a team from 3 to 50 employees.His hiring philosophy: "Loyalty over certificates."Overcoming the challenges of Covid, raising fund