The #1 Air Purifier in the World's Largest Air Purifier Market.

Air quality is the topic of the decade, and India is at the absolute start of the demand J-curve.

JB is an incredible range of HEPA 13 Air Purifiers going after the lion's share of a ₹7,000+ AOV category which is woefully underserved currently.

Launching July 2026.

Read the memo

TL;DR

Thesis
The #1 air purifier in the world's largest air-purifier market — currently ~1% household penetration on a 40M-home TAM, doubling each year, organically. ~350K units/year today across 9 brands.
Product
JB 400 (₹6,990–₹7,990, bedroom) and JB 800 (₹9,990, living room). Best-in-class 42W BLDC motor, HEPA H13 + activated carbon, laser PM2.5 sensor, OLED + ambient light, 28 dB at sleep. JB Lite at ₹4,990 from October 2026. Filter replacements ₹449–₹750.
Moat
Qubo and Honeywell are direct relabels of the same Healthlead Shenzhen unit. Xiaomi, Philips and Levoit follow the same OEM-relabel pattern (different factories, same playbook). Only Dyson and Coway do original design — JB makes three.
Economics
CM3 13.5–15.3% on import → 37.0–40.4% once domestic manufacturing kicks in Sep 2027. Filter revenue (₹391–₹581 contribution per swap) is recurring margin on top.
GTM
Omni-channel by design — 50,000+ EPN-backed creators (15–30× ROAS), JB-branded AQI widgets on news & weather, Q-comm + marketplaces + modern trade, mall & apartment pop-ups, B2B in hospitality, schools, clinics, airports. 30 concrete first-100-week initiatives below.
Expansion
Premium sub-brands within air purifiers, a revolutionary zero-installation air conditioner (in development), domestic mass-market robots, and more.

JB stands for Just the Best.
If Kirkland by Costco built hardware for India, this is the rigour, focus, standards, and positioning they'd maintain.

Soft launch customer love and demand :)

0$ CAC. Brand still in stealth. Just word of mouth with the production units in the wild.

We ship via Rapido autos :)

JB Air Purifiers

India is a horrendously polluted country. The air is pathetic indoors and out.

Air Purifiers are a proven, 200M+ units sold category in SEA. ~25 brands (Daikin, Mi, Philips, Toshiba, Sharp, Panasonic, Hitachi, +) have produced this outcome, manufactured predominantly by ~8 OEMs in Shenzhen.

India is at the start of this demand curve.

The category is currently pull only, entirely premium, and fully imported. Mi, Philips, Honeywell, and Coway do 70% of sales, and the remaining 30% is Dyson, Ikea, Qubo, Sharp, and Eureka Forbes, etc.

~350K
Units/year across 9 brands
~1%
Household penetration
40M
India TAM (households)
Nearly doubled each year, organically

Together, the industry does ~350,000 units per year across 9 brands. It's a space that has nearly doubled each year, entirely organically.

Out of a 40M household India TAM, current penetration is ~1%. Only Coway and Qubo do any semblance of category creation and push marketing.

Almost all products are uninspired catalogue picks of existing Chinese products.

There is nothing wrong with their offerings. They work great. This is pretty much a perfected product category. But their devices & filter replacements are prohibitively expensive, and poorly distributed even within e-comm. They're also, ugly.

The market wants:

By virtue of being the last & latest entrant in the space, we get to tick all the boxes from the get go, and launch an appliance that 1 million households will buy in the first 24 months, and 10 million households will have bought by the turn of the decade.

Seamless filter swap
Seamless filter swap
USB-C ports to plug in devices, humidifiers, etc
USB-C ports to plug in devices, humidifiers, etc
JB 400 vs JB 800 — built the same, sized differently
Your Air Has a New Hero — features overview

The incumbents are unenthused and resting on their laurels. It will be many quarters before they react. And when they do, we will have already set the price floor, be the de-facto first choice, be remarkably well distributed, and have permanently redefined customer expectations.

Air Purifiers are the no-brainer, last big appliance opportunity in the 2020s–30s, and we are excited to be the runaway category leaders starting July this year.

Oh, also, the B2B demand is about as large as B2C's.

The Product

Engineering decisions that deliver more CADR.

JB 800 for the living room. JB 400 for the bedroom. Both with the biggest motor and biggest filter in every size class — by a mile.

ComponentSpecification
42W BLDC MotorBiggest in every size class
HEPA H13 + Activated CarbonBiggest filter in every class
Laser AQI SensorA segment first
2× USB-C PortsCharge your devices
OLED Display + Ambient LightLive AQI readout
Pop-in, Pop-out Filters30-second swap, ₹449–₹750
₹6,990–₹7,990
JB 400 (Bedroom)
₹9,990
JB 800 (Living Room)

Launching with JB 400 and JB 800. 6+ sizes from October 2026, including JB Lite at ₹4,990. Entry pricing for JB 400 being finalized between ₹6,990 and ₹7,990. Filters from ₹449. We control the end MSRP, and will always be CM3 positive as a fundamental discipline.

From the engineering bench
Slim H13 filter panel
Top corner with USB-C array
Single PCB · the nervous system
Laser AQI sensor reading particles
Side body — ribbed exhaust profile
Exploded view — filter, chassis, motor
The Product

Form as good as function.

Interchangeable, magnetically snap on, multi-material cases to suit any indoor aesthetic. Building 1,000+ cases in-house as well as co-creating with leading design houses and popular brands.

Cases · in development
JB Air case — Amber gradient · ribbed
Amber gradient · ribbed
JB Air case — Ribbed white
Ribbed white
JB Air case — Walnut + woven mesh
Walnut + woven mesh
JB Air case — Marine blue · slat
Marine blue · slat
JB Air case — Oak + perforated
Oak + perforated
JB Air case — Forest green + brown
Forest green + brown
Co-created
1,000+
more
The Opportunity

It's not just Delhi.

Out of 183 cities Blinkit operates in, 165 cities have triple-digit AQI for 9 months of the year.

21 of the world's 30 most polluted cities are in India.

AQI across India is steadily deteriorating. It ranges from 110–330 in the Summer, and 350–999+ in the Winters. Anything above 70, and you're passively smoking 4 cigarettes a day.

Average AQI Across India's 50 Largest Cities
PM2.5 AQI · 2025 AVG 0 50 100 150 200 250 300 Agra Ahmedabad Allahabad Amritsar Aurangabad Bangalore Bareilly Bhopal Chandigarh Chennai 100 Coimbatore 270 Delhi Dhanbad 220 Faridabad 240 Ghaziabad Guwahati Gwalior Howrah Hubli Hyderabad Indore Jabalpur Jaipur Jodhpur Kanpur 100 Kochi Kolkata 105 Kota Lucknow Ludhiana 110 Madurai Meerut Moradabad Mumbai 100 Mysore Nagpur Nashik 230 Noida Patna Pune Raipur Rajkot Ranchi Surat Thane 100 Trichy Vadodara Varanasi Vijayawada Visakhapatnam Severe (≥200) Unhealthy (100–199) CITIES SORTED ALPHABETICALLY · NO INDIAN CITY IN THE TOP 50 IS UNDER AQI 100 DELHI · 270

50-city AQI table (PM2.5 averages):

CityAQICityAQI
Agra200Kochi100
Ahmedabad160Kolkata175
Allahabad190Kota105
Amritsar185Lucknow210
Aurangabad135Ludhiana180
Bangalore120Madurai110
Bareilly185Meerut195
Bhopal160Moradabad190
Chandigarh150Mumbai155
Chennai115Mysore100
Coimbatore100Nagpur145
Delhi270Nashik135
Dhanbad175Noida230
Faridabad220Patna205
Ghaziabad240Pune135
Guwahati150Raipur175
Gwalior180Rajkot140
Howrah170Ranchi160
Hubli115Surat140
Hyderabad130Thane145
Indore150Trichy100
Jabalpur155Vadodara145
Jaipur170Varanasi195
Jodhpur165Vijayawada125
Kanpur215Visakhapatnam120

China already has 200M+ air purifiers installed across homes, schools, cars, buses, trains, and offices. India has cumulatively sold ~1M units in 10 years. It is the next no-brainer home appliance purchase for 50M+ Indian households, 15M of whom will be in the market for one in the next 36 months.

250M+
Air purifiers sold in SEA over 20 years; ~25 brands, ~8 OEMs in Shenzhen
~1M
Total units sold in India in 10 years

India is at the start of this demand curve.

Competitive Moat

Billion-dollar brands. Zero original R&D.

Competitive moat? Ask the incumbents that. Qubo (Hero Group) and Honeywell sell air purifiers at ₹7,000–15,000. We tore them apart. Inside, it's the same Healthlead catalogue model from Shenzhen — relabelled and marked up. No original engineering. No innovation. Just a sticker on a Chinese OEM.

The incumbents' only advantage is that they were here first. But being first hasn't translated to product dominance, distribution lock-in, real brand loyalty, or even competent engineering. They're selling 2018 Chinese catalogue models at 2026 prices. The door is wide open — and we're walking through it with a fundamentally superior product at a lower price.

Tap to expand · teardown, components, dB cards, full comparison table
The short version: same factory as Qubo & Honeywell · advertised 55 dB, actual 70+ dB · JB wins on motor, sensor, display, app, noise, power, filter area, and price.

Same factory. Same product. Different logo.

Healthlead Corporation Limited (深圳市康弘环保技术有限公司) makes the units. Qubo and Honeywell just add their branding.

Healthlead OEMSold asPrice on AmazonStatus
Healthlead EPI186 OEM (catalogue unit)Qubo Q400₹7,000–15,000Just a relabel
Healthlead EPI Series OEM (catalogue unit)Honeywell Air Touch₹9,000–15,000Just a relabel

We ripped all of them apart. Here's what's inside.

Internal components of the Healthlead unit sold as Qubo / Honeywell. Same story for Xiaomi, Philips, and Levoit. Only Dyson & Coway do their own original design.

ComponentNotes
AC Motor — 44W, 1000 RPMLoud, inefficient, no speed control. Draws 4× the power of BLDC.
Control PCB (Front)Basic through-hole design. Dated 2021. No WiFi/BLE module.
Optical Dust SensorNot a laser sensor. Can't measure PM2.5 accurately. For show only.
Power Supply BoardBare-bones AC-DC conversion. No efficiency optimization.
Control PCB (Back)Single-layer blue PCB. Minimal component density. Cost-optimized to the bone.
Touch PanelNo display. No AQI readout. No real-time feedback to user.

Advertised: 55 dB. Actual: 70+ dB.

The AC motor and poor acoustic design produce 70+ decibels at peak — that's louder than a normal conversation. They advertise 55 dB. It's not a rounding error. It's a lie.

70+ dB
Qubo / Honeywell — actual
28 dB
JB 400 at sleep mode
FeatureQubo / HoneywellJB 400
Motor TypeAC Motor (44W) ✗BLDC Motor (42W) ✓
AQI SensorOptical (inaccurate) ✗Laser PM2.5 Sensor ✓
DisplayNone ✗Real-time AQI Display ✓
App / WiFiNone ✗WiFi + App Control ✓
Noise (Peak)70+ dB (actual) ✗52 dB peak / 28 dB sleep ✓
Power Draw44W ✗42W ✓
Filter Surface Area~650 sq cm ✗1,091 sq cm ✓
Original R&DZero. OEM relabel. ✗In-house design ✓
Price₹7,000–15,000₹6,990 onwards
Go-to-Market

How we sell.

Air Purifiers benefit from wide mass market appeal, low current competition, and a blank canvas to express ourselves in a variety of mass and niche ways. We sell omni-channel via ecom, qcom, D2C, direct B2B, and offline retail.

Here's a snapshot of our first 100 weeks GTM:

Mass impact8

  1. Equity Promissory Notes (EPNs) — 50,000+ creators turned brand owners over 36 months.
  2. JB-branded AQI widgets on NDTV, Times Now, HT, MoneyControl weather pages.
  3. Severe-AQI newspaper wraparounds on HT / ToI / Hindu front pages.
  4. WhatsApp commerce — order in two taps; checkout + support in one thread.
  5. Q-commerce dominance — Blinkit, Zepto, Instamart, Swiggy Mart same-day from day one.
  6. Modern trade endcaps — Croma, Reliance Digital, Vijay Sales, top 200 stores.
  7. Mall lobby pop-ups — Phoenix, DLF Promenade, Lulu, Forum — top 10 metros every weekend.
  8. Referral program — refer a friend to buy a JB; both of you get a year of filter replacements on us.

Balanced impact8

  1. Review-site seeding — TechBurner, Geekyranjit, Trakin, Beebom unboxings & long-form.
  2. OOH at gateway airports — DEL T3, BLR T2, BOM T2 column wraps.
  3. Airline pop-up cards & seat-back ads — IndiGo, Vistara, AI.
  4. "Air inside is purified by JB" sticker programme across hospitality & cafes.
  5. RWA group-buy campaigns at large apartment complexes — bulk-discount truck pop-ups.
  6. Pediatrician & clinic referrals — Cloudnine, Apollo Cradle, Nova IVI; coded discounts.
  7. Builder & developer bundles — Sobha, Brigade, Lodha, Prestige possession kits.
  8. Founder podcast tour — Figuring Out, Beerbiceps, NeonShow, Ranveer Show.

Niche impact9

  1. Smoking rooms at music festivals — NH7, Sunburn, Vh1 Supersonic — JB units front & centre.
  2. Dank ads on subreddits — r/india, r/Delhi, r/Bengaluru, r/IndianGaming.
  3. Newborn bundles with maternity hospitals as part of discharge kits.
  4. Yoga & meditation centres — Sarva, Cult.fit, Isha — clean air for inner peace.
  5. Diplomatic / embassy procurement — air quality is a posting concern.
  6. Wedding registry — WedMeGood, The Wedding Filer; ₹6,990 hits perfect AOV.
  7. Festival corporate gifting — Diwali / Holi hampers at the JB 400 price point.
  8. Stand-up comedy winter specials — branded segment, evergreen.
  9. Trade-in — ₹1,000 off any JB when you swap any old purifier of any brand.

The tailwind is fundamentally super strong. Air quality is the topic of the decade. Every news cycle, every winter, every AQI spike sells for us. This market is won by mimetic adoption — people buy what others buy and swear by. Prior experience at Kaching scaling influencers makes us the best positioned to de-risk launch and market formation via word of mouth and the right seeding.

Our Team

Built for this.

Shiv Shankar — Founder

Founded Kaching. Pioneered offline-affiliate for physical stores and brands. 10y in consumer & B2B across 4 avatars.

Sivapriyan I — Co-Founder

Co-founder, Award Speakers; ran his family's speaker manufacturing plant. 8y in consumer retail operations.

Shubhangi Chuhadia — Lead Engineering & Design

IIT-Bombay, Lead Designer Canopy ($40+ million in revenue selling Humidifiers). California College of Arts Alumni.

Sushant Vohra — Lead Engineering & Design

Red Dot, IF, 10+ Design awards for consumer tech, lifestyle products. Ex Steelcase (HK), Astro Studios (US), Godrej (IN). Founded India's biggest design network — Young Designer's India.

Vishal Prasad — Lead Finance (Part-time)

MBA Yale 2025, CA AIR 29, 6 years as an Investment Banker — Spark Capital.

Behind the scenes
Behind the scenes — Concept sketches
Behind the scenes — Working prototype
Behind the scenes — Design review
Behind the scenes — OLED + PCB · AQI 420
Behind the scenes — Field testing JB 400
IC Data Room

Detailed Memo + IC Data Room

JB is an affordable HEPA 13 Air Purifier for Indian homes

Tap to expand · thesis, unit economics, milestones, market sizing, EPNs, roadmap, risks
Inside: the two-component thesis · CM3 13.5%→40.4% on domestic shift · seven-stage execution roadmap · 40M TAM, 10M immediately addressable · EPN math (15–30× ROAS) · the 2029 AC roadmap · risks & mitigations.

Thesis — The Core Bet

All air purifiers consist of just two components: a fan and a high-quality filter.

The fan draws polluted air into the machine, passes it through the HEPA filter, and expels clean air out the other end. A Bluetooth sensor is used to take AQI readings and accurately relay them in real-time to a smartphone app.

That's it. There is no other technology, sensor, science, or magic involved. Any trademark or patent filed by other manufacturers are merely marketing gimmicks to command a premium.

  • All air purifiers available in India are made in China, and go for ₹6,000–13,000+, with scarce after-sales support and expensive filters (₹2,499 a pop).
  • JB is assembled in India, and retails for ₹7,990 & ₹9,990 across two sizes. Filter replacements sell for ₹500 and ₹750, and you change them every 3–5 months based on city and usage.

Why Air Purifiers — What's so special about this opportunity?

Incumbents consider this low priority, so low focus. No breakaway brand so far. Philips and Honeywell dominate this, and it's one of their most premium offerings [fully imported] — inadvertently anchored their price and positioning as such.

It's a bulletproof product. Every household will need one today and every year from now for the next 20 years and beyond.

Assembling in India gives us ~30% cost savings [Not factoring in better control + strengthened after-sales support + trust], and we pass that on to consumers.

Financial Model — Unit Economics

CM3 = MRP minus every variable cost: COGS, shipping, duties, last-mile logistics, net GST payable, and cost of capital.

CM1 (Gross Margin) = MRP (exc. GST) minus Landed COGS only. CM3 is the true bottom-line unit contribution.

Import Phase (Launch → Sep 2027) — Proving the market with healthy unit economics from day one.

JB 400 (Bedroom) — Import

MRP₹7,990
Ex-Works (China)₹4,080
Shipping₹250
Import Duties (BCD + SWS)₹953
Landed COGS₹5,283
CM1 (Gross Margin)₹1,489
+ Logistics, Net GST, CoC₹576
CM3 (Net Contribution)₹912 (13.5%)

JB 800 (Living Room) — Import

MRP₹9,990
Ex-Works (China)₹4,870
Shipping₹420
Import Duties (BCD + SWS)₹1,164
Landed COGS₹6,454
CM1 (Gross Margin)₹2,012
+ Logistics, Net GST, CoC₹716
CM3 (Net Contribution)₹1,296 (15.3%)
The unlock

Domestic Manufacturing Phase (Sep 2027+) — Landed COGS drops 42–45%. CM3 jumps from 13.5–15.3% to 37.0–40.4%.

JB 400 (Bedroom) — Domestic

MRP₹7,990
Ex-Works (India)₹2,770
Shipping₹210
Import Duties₹80
Landed COGS₹3,060
CM1 (Gross Margin)₹3,711
+ Logistics, Net GST, CoC₹1,209
CM3 (Net Contribution)₹2,503 (37.0%)

JB 800 (Living Room) — Domestic

MRP₹9,990
Ex-Works (India)₹3,205
Shipping₹250
Import Duties₹80
Landed COGS₹3,535
CM1 (Gross Margin)₹4,931
+ Logistics, Net GST, CoC₹1,511
CM3 (Net Contribution)₹3,420 (40.4%)

The transition to domestic manufacturing is the critical unlock. CM3 on JB 400 jumps from ₹912 (13.5%) → ₹2,503 (37.0%). CM3 on JB 800 from ₹1,296 (15.3%) → ₹3,420 (40.4%). Landed COGS drops ~42% as we eliminate bulk of import duties and freight. Filter revenue (₹391–₹581 contribution per replacement) adds recurring margin on top.

Key Milestones & Series A Targets — Execution Roadmap

  • June 2025
    Close Seed Round & Financing. Begin Brand Formalization. Begin Key Hires (Ops, Warehousing).
  • July–October 2025
    Begin pre-production in Shenzhen. 60% through on key brand decisions. Finalize contracts with ecom, offline, and qcom. Setup assembly + warehouse ops in Chennai.
  • November 2025 – March 2026
    Finish production, ship CKD to Chennai. Finish Brand Formalization.
  • April 2026 onwards
    Finalize launch terms with first 500–750 influencers. Private beta + B2B/B2C pre-sales across channels.
  • July 2026+ (Launch)
    Hit 10–15K units/month sales cadence [₹6–9Cr MRR]. Channel mix: E-commerce 65–70%, Q-commerce 10–18%, Retail Stores 10–12%. SKU mix: 70% JB 800, 30% JB 400.
  • Q4 2026
    Scale to 20–30K units/month [₹12–18Cr MRR]. Expand influencer cohort to 2,000+. Begin offline retail rollout across top metros.
  • Sep 2027
    Transition to domestic manufacturing. 40K+ units/month. CM3 jumps from ~13–15% to ~37–40%. Channel mix shifts as direct sales scale.
  • December 2027+
    Hit ₹20Cr+ MRR, crowned #1 in category by sales. ~49K units/month. 18-month cumulative: ~709,000 units. Series A discussions, begin pan-India scaling.

Reminder: This is a ~₹7,000 AOV category, with 7+ years of pent-up unserviced demand. High-margin, high-adoption, and recurring filter revenue. That combination is the holy grail — and it's rare.

Market Sizing — Total & Immediately Addressable Market

The Whole Truth / Zepto Pro / Split AC households amounting to ~7M+ families are our immediately addressable, lowest-hanging-fruit consumer TG. It will take us 2.5–3 years to reach them. It will be the first ₹2,500Cr we make.

40M
TAM (households)
10M
Immediately Addressable

Customer Segments

Primary — Urban Households (₹1.5L+ monthly): Health-conscious, AQI-aware, design-forward buyers. They already own split ACs, order from Zepto, and buy The Whole Truth. Air purifiers are a no-brainer next purchase. High adoption potential.

Secondary — Aspirational Middle-Class (₹90K+ monthly): Value-for-money driven, influenced by peers and social media. Will convert once they see the price point and trusted reviews. Medium adoption.

Institutional (30% of TAM): Restaurants, hotels, cafes, offices, schools, gyms, clinics, co-working spaces. Compliance-driven and brand-conscious — they want visible air quality credentials to market clean air to their customers. Growing via partnerships and bulk procurement.

The B2B → B2C flywheel: When people see JB purifiers in their favourite restaurant, their gym, and their office — they want one at home. B2B presence drives organic B2C demand because people experience it in real life before they buy.

The Trigger: India's air purifier market is poised for exponential growth. With penetration less than 1% and annual sales of ~4,00,000 units, the market absorption has barely scratched the surface. We're going after the lion's share.

Distribution & GTM Strategy — Influencer-Driven Launch + Direct Sales

We only need ₹~few Cr a year for internal ops, and we already have inventory financing for working capital.

With venture capitalists we only get 15 shots on target. With influence capitalists, we get 50,000+.

Equity Promissory Notes (EPNs, aka ESOP for Influencers)

By issuing EPNs, we get to raise ₹20–200Cr+ in capital that directly gets exposure for the brand. 500–900+ influencers per month on average, averaging ₹30K in EPN per influencer.

ScenarioGross Revenue (₹5,000 ASP)Equity Cost (EPN)ROAS
Medium Case (90 units/influencer)₹4.5L₹30K15×
Best Case (180 units/influencer)₹9L₹30K30×

Direct Sales Strategies

  • Mall Lobbies (Weekends): Showcase and sell in high-footfall malls on weekends. Top 10 metros. ~200–300 units per weekend per city.
  • Apartment Complex Campaigns: Truck-based pop-ups at large apartment complexes. ~150–250 units sold per complex over a weekend.
  • Local Micro Warehouses: For <30 min delivery when direct grows to >50% of revenue. ₹1L per city rent capex. 10 cities.

Product Expansion & Roadmap — Nothing until 2029.

India's #1 Air Purifier brand will be well positioned to launch the country's best Air Conditioners. India has currently sold ~75M ACs. 1 in 8 houses. It will rise to 5 in 8 houses over 20 years.

From there, we have very large-scale ambitions to build humanoids, nuclear power, and large-scale compute systems. We will outline them in due course.

The company's legal entity is called Joyful Being. That's the two-word motto :-)

Risks & Mitigations

Q) Counter-flooding of the market with even more Air Purifiers by a more determined competitor?

India's proven to be a market large enough to always absorb multiple players for appliances (TV, Fridge, Washing Machine, Mixie, Grinder, Fan, RO, AC, Home Electronics et al). Make the best product, price un-greedily. No shortcut, no second-guessing or under-investing on brand, marketing, and offline presence.

Q) We badly overestimate demand and fail to convince 100 customers per day to buy per city?

We revisit financing terms, and go back to the drawing board. There is no question of the market not biting in the medium-long term.

Q) AQI does not get worse, India experiences deflation/de-growth?

The science does not point to this, but who knows? Climate change deniers could be right after all.

JB — Just the Best!