Daniel Kitay put everything he had—his savings, his mortgage, and two
months before his first child was born—on a container ship full of
sugar-free gummy lollies from Switzerland. When a $250,000 shipping bill
landed before he'd sold a single product, he had no option but to make
it work. Five years later, Funday Natural Sweets does over $100 million
in retail sales across 8,000 stores in Australia alone, selling a
product every single second.
In this interview, the founder of Funday breaks down how he convinced
Chemist Warehouse to submit a purchase order before he had funding, why
he deliberately avoided the confectionery aisle to sidestep Nestlé,
Mars, and Mondelez, and his brutally honest take on when retail will
make you—and when it will destroy you.
What you'll learn in this interview:
• How Daniel convinced Chemist Warehouse to submit a purchase order
before he had a single dollar of funding
• Why a $250,000 shipping bill with no backup plan was the moment that
forced Funday to work
• The $50,000 stock mistake that accidentally invented their limited
edition drop strategy
• Why he deliberately launched in the health food aisle—not the
confectionery aisle—to avoid competing with the multinationals
• The symbiotic DTC and retail flywheel: how retail drives online
discovery and online fuels in-store velocity
• Why he spent $25,000 on a brand agency before launch—and the real
reason behind that decision
• His brutally honest take on retail: when it's the biggest unlock for
scale, and when it will wreck your margins
• How Funday runs a $100 million business with just 25 employees—and the
two-part hiring filter that makes it possible
• Why he's launching into US retail nationwide in September, and the
economies of scale that finally made it possible
If you're building a CPG brand, weighing up when to take the leap into
retail, or trying to figure out how DTC and bricks-and-mortar can work
together instead of against each other, this conversation will
fundamentally change how you think about distribution, risk, and what it
actually takes to build a category from scratch.
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→ Starting from scratch? Apply here →
https://foundr.com/pages/coaching-start-application
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CONNECT WITH NATHAN CHAN
Instagram → https://www.instagram.com/nathanchan
LinkedIn → https://www.linkedin.com/in/nathanhchan/
CONNECT WITH DANIEL KITAY
Instagram → https://www.instagram.com/fundaysweets/
LinkedIn → https://au.linkedin.com/in/daniel-kitay
Website → https://www.fundaysweets.com/
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