How Duly is shaking up the Indian sexual wellness market | Equity Podcast

TL;DR

"Duly is a digital health platform focused on simplifying and personalizing contraception for young women in India, addressing the lack of access to sex education and stigma around birth control."

Transcript

this episode is sponsored by Morgan Stanley atw work visit morganstanley.com assessment to get your free transaction Readiness assessment today hello and welcome back to equity a tech crunch podcast about the business of startups where we unpack the numbers and the Nuance behind the headlines I'm Maryann aavo and this is our interview show where we... Read More

Key Insights

• ✋ India has a large population and the highest number of young people in the world, but the access to sex education is less than 15%.
• 😘 Contraceptive usage among men in India is alarmingly low, reflecting cultural barriers and stigma.
• 🧔‍♀️ Duly aims to not only create awareness about contraception but also provide a complete solution for women in managing their contraception.
• 🥡 Different countries have varying cultural nuances and barriers to sex education, which Duly takes into account in their approach.
• 😫 The immediate future for Duly includes finalizing their platform and setting up necessary backend processes for consultations and product delivery.
• 😣 Duly is working towards expanding beyond India to serve the rest of Asia in the long term.
• 🪡 The reception to Duly has been positive, but there is a need for more funding and investment in Women's Healthcare startups.

Questions & Answers

Q: How has the reception been to Duly and the idea of Women's Healthcare as a startup?

The reception has been encouraging, with many people acknowledging the importance of Duly's work. However, there is still a need for more funding and investment in the space.

Q: What are the cultural barriers and stigma around contraception in India?

In India, there is a lack of access to sex education, with only 15% of young people having knowledge about contraception. There is also a stigma against birth control, especially for young and unmarried women.

Q: Why is there low contraceptive usage among men in India?

Studies have shown that contraceptive usage among men in India is less than 17%. This reflects the societal perception that contraception is a woman's responsibility. The stigma around sex and contraception also contributes to the low usage.

Q: How does Duly bridge the gap between awareness and actual practice?

Duly provides a holistic solution by offering resources, consultation with doctors, and the option to order contraception discreetly. They aim to cater to every need a woman may have in managing her contraception.

Summary & Key Takeaways

• Duly is a digital health platform that aims to simplify and personalize contraception for young women in India and beyond.

• The founder and CEO of Duly, Shudi Dweity, discusses the stigma around contraception and the cultural roadblocks the startup faces.

• India has a lack of access to sex education, with less than 15% of young people having knowledge about contraception methods.