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Entrepreneurship

From underwear to big business: How Vietnam's Coolmate turned everyday essentials into a winning formula

Sometimes, the biggest opportunity lies in making ordinary things exceptionally good.

Dhanam News Desk

What if the next big business opportunity is hiding in something as ordinary as a pair of socks?

Entrepreneurs often search for revolutionary ideas. They dream of building the next technology giant, launching a disruptive app or introducing a product nobody has seen before. The assumption is that extraordinary businesses must begin with extraordinary ideas.

But a Vietnamese company called Coolmate offers a different perspective.

It began by selling men's underwear, socks and basic T-shirts. No revolutionary technology. No glamorous product category. No breakthrough invention.

Yet these everyday products became the foundation of a fast-growing consumer brand that attracted international investors and eventually ventured into overseas markets.

The lesson is simple but powerful: You don't always have to reinvent the product. Sometimes, you only have to reinvent the experience of buying it.

Socks, underwear, T-shirts

In March 2019, three entrepreneurs, Pham Chi Nhu, Nguyen Hoai Xuan Lan and Nguyen Van Hiep, launched Coolmate in Vietnam.

Their resources were limited. The venture began in a warehouse measuring just 20 square metres, supported by a basic e-commerce website.

Instead of competing in the crowded market for fashionable clothing, they concentrated on products men buy regularly but rarely enjoy shopping for.

The founders recognised an opportunity in a familiar inconvenience. Many customers wanted comfortable, reliable clothing at reasonable prices without spending hours comparing brands or visiting stores. Coolmate's approach was to make that purchase simpler.

The company adopted a direct-to-consumer model, selling primarily through digital channels rather than relying on traditional retail distribution. This allowed it to build a closer relationship with customers and exercise greater control over pricing, product development and service.

What looked like an unexciting business category had an attractive characteristic: customers would need these products again and again.

The hidden advantage of boring businesses

There is a reason entrepreneurs are fascinated by innovation. New products attract attention. Unusual ideas make headlines. Exciting industries attract investors.

But attention and profitability are not the same thing. Consider businesses built around ordinary necessities such as footwear, household cleaning products, school uniforms, packaged food or basic clothing.

Customers may not be enthusiastic about purchasing these products, but the need seldom disappears. That creates an opportunity for businesses capable of providing consistent quality and dependable service.

A company selling a fashionable product may have to persuade customers to embrace a new trend every season. A company selling everyday essentials can concentrate on giving existing customers a reason to return.

The advantage emerges when an ordinary product is supported by an exceptional business system. Coolmate understood that its real product was not merely clothing. It was convenience, reliability and confidence.

Customer trust as a competitive advantage

One of Coolmate's distinctive decisions was to offer customers a generous return policy. The company introduced a 60-day return arrangement, including provisions for products that had already been used, subject to its terms.

In an industry where online shoppers may worry about quality, fit and the inconvenience of returning purchases, such a policy helps reduce hesitation.

The business logic is worth examining. An entrepreneur might see an extended return policy as an additional expense. Coolmate treated customer reassurance as part of its value proposition.

That approach involves risk. Returns create costs and can be abused. Nevertheless, reducing the perceived risk of purchasing can be a powerful way to differentiate a brand.

For a young company competing with established retailers, trust can become more valuable than a large advertising campaign.

International ambition

Coolmate's progress demonstrates how a focused business proposition can support expansion. In October 2024, the company secured $6 million in Series B funding. A year later, it announced another funding round backed by major investors.

By November 2025, Coolmate said it had delivered more than five million orders over approximately six years. The company expanded beyond men's basics, introducing women's activewear in March 2025 and pursuing international customers through Amazon in the United States.

In March 2026, it opened its first company-operated physical retail store in Hanoi. A venture that started with a tiny warehouse had developed ambitions extending well beyond Vietnam.

However, funding and order volumes should not be confused with proof of profitability. Coolmate's publicly reported growth milestones demonstrate market traction, but they do not by themselves establish long-term financial success.

Its expansion into new product categories and international markets also presents fresh challenges. The same company that succeeded by concentrating on a narrow customer need must now preserve its identity while becoming a broader lifestyle brand.

Growth creates opportunities, but it can also dilute the focus that made a business successful in the first place.

What Indian entrepreneurs can learn

The Coolmate story has particular relevance for entrepreneurs in India. Consider a small garment manufacturer in Tiruppur, a footwear entrepreneur in Kozhikode or a household-products business in Kochi.

Must these businesses invent something completely new to grow? Not necessarily.

A garment brand could simplify repeat purchases by maintaining consistent sizes and quality. A footwear seller could build loyalty through dependable after-sales support. A regional food business could distinguish itself through transparent ingredients, reliable delivery and consistent taste.

The underlying product may already exist in hundreds of competing shops. The opportunity lies in identifying what customers dislike about buying it and solving that problem better than competitors.

Entrepreneurs can begin by asking three questions: What do customers purchase repeatedly? What frustrates them during the purchase? And what improvement would persuade them to choose the same brand again?

The answers may reveal opportunities that conventional market research overlooks.

Coolmate began with limited infrastructure and a focused product range. Its early strategy illustrates the value of testing a specific customer need before pursuing wider expansion.

Doing ordinary things extraordinarily well

The most inspiring part of Coolmate's journey is not the funding it attracted or the international markets it entered. It is the original decision to take an ordinary problem seriously.

The founders did not wait for a revolutionary invention. They recognised that millions of customers already needed basic clothing and that the buying experience could be improved. That insight became a business proposition.

The business thought for you

Don't underestimate an ordinary product. Identify an everyday problem, solve it exceptionally well and give customers a reason to return. A simple idea executed with extraordinary consistency can become a remarkable business.

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