Kavita Madhvani is the co-founder of Fighter Shots, a line of immune and wellness beverages. The 33-year-old Briton moved to Dubai from London in 2016.
Madhovani worked in banking and finance for over ten years before starting her own business.
Fighter Shots was founded in 2019 within the incubator program of the London Business School, where Madhvani and co-founder Anna Szymanowska completed their MBA, and started production in 2020.
“This company was founded when my co-founder Anna noticed a gap in the market,” she says.
“Unlike Switzerland, the UK didn’t have good ginger shots.” [where she previously worked]And we wanted to bring these to the UK. We realized we had a similar head space and vision and wanted to make a difference in the field of health and well-being, one step at a time. “
Madhovani lives in Jumeirah with her husband, who works in the financial sector, and her 17-month-old daughter, Ariana.
How was your experience with money as a child?
I was very lucky. My parents had their own business and it was successful enough to provide the best education and everything we needed when we were young.
We were able to buy most things, but our parents were keen to teach us the value of money. We were never given money unless we worked for it.
So we began to take on additional chores and responsibilities around the house, such as helping in the garden, cleaning the room, doing the laundry, and running errands for our parents.
Good deeds are rewarded with happy meals, not money. They were keen on instilling the value of money.
When did you make your first money?
From the very beginning, I always wanted to earn my own money. In order to become financially independent, I thought about working part-time when I entered university.
I was only 18 and it was a basic manager job at a big department store. I earned £10 (46 dirhams) an hour. I worked three days a week. It was mostly extra money for outings.
My parents helped me when I was in college because I had to take out student loans, which instilled in me the values of making money and having a job.
What were you doing before Fighter Shot?
I worked in banking and finance for over ten years. It was a very fulfilling and satisfying work experience. It gave me an insight into running a company and helped me feel more prepared and confident to start my own company in peace.
What made you an entrepreneur?
After completing my MBA, I realized that the corporate world wasn’t for me. I realized that the corporate competition is endless.
I wanted to have more flexibility and expand my family. But entrepreneurship is tougher than office workers.
You can’t dive deep into entrepreneurship without a safety net.
It started as a side business. Once I felt confident enough, I decided to quit my job and try this full-time job.
Entrepreneurship is really tough and scary, and one of the hardest things to do is get out of your comfort zone. But what I’ve learned over the years, not only through my MBA, but through the network of people I’ve met, is that if you don’t step out of your comfort zone, you’re not living, you’re just existing. It means that it is only
It’s hard to juggle being a mother and running a business, and there will always be challenges, but together we solve them. I want to show her that I can do both.
How did Dubai come about?
I moved here in 2016 for my husband’s job. We got married in 2016 and felt that moving abroad would be fun. After coming out, I had to look for a job at first, but I found one relatively quickly, within three months.
In terms of entrepreneurship, did you face any difficulties along the way?
We have a lot. Covid-19 was one of them. Growing a business during a pandemic is difficult, especially since it was the beginning of our journey. In 2020, we also held a fundraiser, which was a huge success. But all these challenges came at the same time.
One of our main challenges is production. We don’t have our own factory, so we have to outsource. Delegating that job to someone else is a big deal. Because it’s our product.
Are you a frugal or a spendthrift?
As a kid, I always saved money for innocent fun. But as I made more money along the way, I became consciously shopping and overspending.
Do you ever regret spending money?
About 10 years ago, there was a time when I bought a lot of clothes. You grow as an individual over the years. So now I’m into sustainable fashion instead of fast fashion.
Now I’m more conscious of investing in good dresses that can be worn many times and styled differently.
Have your money habits evolved over the years?
After taking on more responsibility for myself, especially after moving to Dubai, I have come to understand the value of money.
I learned how to manage money. I also learned to calculate daily bills and groceries, factor in business expenses and personal expenses, including holidays, and save.
How do you increase your wealth?
Invest, invest, invest! It is important to consider stock market trends, exercise caution and invest wisely.
Diversifying investments and controlling spending is essential.
My husband is a portfolio manager, so he invests most of our property. We do it across all asset classes. We own properties in the UK and abroad. It’s in stocks and index funds. We do not invest in cryptocurrencies.
We are also considering purchasing real estate in Europe and the United States.
Do you have a significant investment?
My most important investment is an MBA.
I worked hard to raise every penny to make it happen, and it turned out to be a very fruitful decision.
I never thought that today I would have my own business and help others grow their businesses. Investing in yourself, your mind, your knowledge is so important.
What do you enjoy spending money on?
Travel; I love exploring new cities, but I love relaxing on the beach just as much.
I tend to forget all my worries the moment I board the plane from destination to destination.
Are there financial milestones?
I didn’t expect the establishment of Fightershot in the United Arab Emirates to happen so quickly, but still [become] Very precious.
We currently stock our products at major retailers and hope to expand to a wider range of levels in the coming months.
Our dream is to reach 5 million dirhams in revenue this year.
how do you see money
Money is the gateway to many opportunities. I see a day when I can give back to my community, share my income with the underprivileged, and make a difference in their lives.
Updated: May 26, 2023 at 6:42 PM