Consumer
May 16, 2024

4 Insights on Content & Community Building: Unveiling Truth

The Whole Truth founder Shashank Mehta is a rare breed of a CEO who is also a creator. A lifelong student of the content & community game, Shashank’s content journey started as a stand-up comedian on YouTube, long before he became the face of The Whole Truth. On this episode of Matrix Moments, Shashank goes deep on content & community, sharing with candour in a profound conversation with Vikram Vaidyanathan. Here are 4 significant takeaways around building brands through content & community for founders:

1. Founders must be clear on the WHAT of their content marketing: The HOW is easier with modern tools & AI. Shashank & Vikram agree that AI in marketing allows marketers to create more and different types of content. Marketers can now easily create all the different formats that audiences consume, with lower incremental costs. However, Shashank sees an opportunity in continuing to be real, authentic, and human when developing the WHAT of a content campaign.

2. Transparency is the biggest tool in the content marketer’s arsenal: Consumers are the best bullshit detectors in today’s hyper-connected world. Brands often struggle to come up with WHAT to say to their consumers, fearing backlash. When faced with this, Shashank believes that consumers care about what brands have to say about the challenges they face, and that marketers can build a strong connection with their audiences by transparently bringing them in, and taking them along the brand’s journey through content.

3. Brand communities are more about GIVING than TAKING: Shashank was candid about his response to Vikram about questions on building brand communities. Acknowledging that building authentic brand communities is hard, Shashank shared how The Whole Truth built their TruthSeekers community by simply creating a space for consumers & experts to interact, without seeking to monetize or sell. This has resulted in a dedicated group of people who advocate the brand to other like-minded consumers.

4. ROI from Content Marketing shouldn’t have a hard linkage to Sales: Founders must leverage content as an editorial lever, and not tactically link it to sales. Content marketing compounds, and attributing it like performance marketing doesn’t allow content teams to flourish. Shashank believes founders or marketing heads must set aside a portion of their budget for content marketing and hire the right team to build this muscle.

If you’re a founder who wants to level up your brand’s content & community marketing game, watch this episode as Shashank & Vikram’s easy camaraderie uncovers the Whole Truth.

For more information, write to us: namaste@Z47.com.
Stay connected with Z47.

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May 16, 2024

4 Insights on Content & Community Building: Unveiling Truth

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The Whole Truth founder Shashank Mehta is a rare breed of a CEO who is also a creator. A lifelong student of the content & community game, Shashank’s content journey started as a stand-up comedian on YouTube, long before he became the face of The Whole Truth. On this episode of Matrix Moments, Shashank goes deep on content & community, sharing with candour in a profound conversation with Vikram Vaidyanathan. Here are 4 significant takeaways around building brands through content & community for founders:

1. Founders must be clear on the WHAT of their content marketing: The HOW is easier with modern tools & AI. Shashank & Vikram agree that AI in marketing allows marketers to create more and different types of content. Marketers can now easily create all the different formats that audiences consume, with lower incremental costs. However, Shashank sees an opportunity in continuing to be real, authentic, and human when developing the WHAT of a content campaign.

2. Transparency is the biggest tool in the content marketer’s arsenal: Consumers are the best bullshit detectors in today’s hyper-connected world. Brands often struggle to come up with WHAT to say to their consumers, fearing backlash. When faced with this, Shashank believes that consumers care about what brands have to say about the challenges they face, and that marketers can build a strong connection with their audiences by transparently bringing them in, and taking them along the brand’s journey through content.

3. Brand communities are more about GIVING than TAKING: Shashank was candid about his response to Vikram about questions on building brand communities. Acknowledging that building authentic brand communities is hard, Shashank shared how The Whole Truth built their TruthSeekers community by simply creating a space for consumers & experts to interact, without seeking to monetize or sell. This has resulted in a dedicated group of people who advocate the brand to other like-minded consumers.

4. ROI from Content Marketing shouldn’t have a hard linkage to Sales: Founders must leverage content as an editorial lever, and not tactically link it to sales. Content marketing compounds, and attributing it like performance marketing doesn’t allow content teams to flourish. Shashank believes founders or marketing heads must set aside a portion of their budget for content marketing and hire the right team to build this muscle.

If you’re a founder who wants to level up your brand’s content & community marketing game, watch this episode as Shashank & Vikram’s easy camaraderie uncovers the Whole Truth.

We are excited about the innovation and growth opportunities in this sector.

If you are considering building in the footwear space, we’d love to chat.
Drop us a line at consumer@matrixpartners.in

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Index Performance

+28.1%
Since Jan 2024
NIFTY 500
+19.0%
Since Jan 2024

Z47^fortyseven is up +23.9% since its January 2024 base date, versus Nifty 500's +18.4%, ahead by 550 bps.

The cohort moved +4.7% over the month versus Nifty 500's +2.5%, leading by 220 bps.

Anchored in domestic demand and rising digital adoption, the cohort remained resilient amid global headwinds.

Consumer Tech was the best-performing sector at +9.2% last month, driven by sustained growth in consumer demand and strength in consumer-internet platforms.

Largest Constituents  ·  The Names That Anchor The Index

1.
Eternal
Quick-commerce leadership and continued investment
▲ +12.8%
2.
Groww
Broking market-share gains and margin-funding growth.
▲ +10.4%
3.
Lenskart
Store densification and margin expansion.
▲ +2.4%

Top Gainers  ·  Key Drivers

1 MONTH RETURN
1.
CarTrade
Auto-marketplace dominance and a cash-rich balance sheet.
▲ +59.4%
2.
 Amagi Media Labs
Profitability turnaround and AI-led cloud media adoption.
▲ +31.4%

Top Laggards  ·  Key Drivers

1 MONTH RETURN
1.
Fractal Analytics
Enterprise AI spending trends and post-listing share supply.
▼ -10.8%
2.
MedPlus Health
Pharmacy-margin pressure and competitive intensity.
▼ -6.6%

Key Themes  ·  Latest Results

In Q4FY26, Z47^fortyseven's cohort grew top line ~39% YoY, more than 3x the broad market's ~12% growth.

Operating leverage lifted net margins around 500 bps into positive territory, even as broad-market net margins remained roughly flat.

With 40 of 47 companies now profitable, the cohort reflects a broader shift toward profitable growth over growth at any cost.

AI adoption runs deeper across this cohort than in the broader market, with companies using it to drive growth and reshape demand, not just improve efficiency.

Cash generation is increasingly defining the winners, enabling market leaders like Eternal, CarTrade, and PB Fintech to fund acquisitions and expansion from their own balance sheets.

Market & Macro Context

The cohort saw several block deals this month, including sizeable stake sales in Lenskart, Delhivery, Honasa, and Shadowfax.

Ownership continues to shift from foreign investors to domestic institutions, creating a more durable shareholder base.

AI remained the defining technology investment theme, driving capital deployment across both private and public markets.

IPO Takeaway · Kissht

Listed May 2026

A modest listing pop followed by strong post-listing gains reinforced the market's preference for asset quality and disciplined underwriting over pure loan-book growth.

The listing helped reset perceptions around unsecured lending, creating a constructive valuation anchor for the issuers that follow.

The buyer mix was a notable positive — strong participation from long-only domestic institutions supporting a durable post-listing ownership base.

Net Read

Fundamentals continued to strengthen across the cohort, with growth, margins, and cash generation improving in tandem.

Performance dispersion widened, with profitability and earnings quality increasingly distinguishing the strongest performers from the rest.

Disclaimer

Z47^fortyseven is published for informational purposes only and does not constitute investment advice, or any offer, solicitation, or recommendation to buy or sell securities. Index performance is historical and should not be construed as indicative of future results.

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