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14 May 2026

662: I Bet Everything On Sugar Free Candy — Now It Brings In $100 Million A Year

5Frameworks
9Insights

Frameworks in this episode

Insights & moments

The myth-busts, hot takes, explainers, and tools worth keeping.

Explainer· 1

Explainer46:30

How Funday Operates With 25 Direct Employees

Kitay says Funday has 25 direct employees while relying on external partners for work that a fully in-house company would staff itself. He attributes the team's output to selective hiring, strong retention, broad decision authority, a flat structure, and roles that span multiple responsibilities. He also notes that retail distribution can add stores without requiring a proportional increase in supply-chain staff.

  • The direct headcount excludes embedded external partners
  • Kitay prioritizes motivation, character, and execution alongside skill
  • Employees across levels are invited to contribute to product and strategy decisions
  • The team uses a weekly Friday wrap-up to review completed work
  • Store growth can create operating leverage after core retail capabilities exist

People have the authority to make decisions.

Daniel Kitay · 47:30

People wear many hats

Daniel Kitay · 49:00
#team#hiring#operating leverage#culture

Story· 6

Story02:00

The Personal Problem That Led Kitay to Funday

Daniel Kitay says childhood weight struggles and his decision to reduce sugar shaped the idea for Funday. After later working around ecommerce, health products, retail, and Chemist Warehouse, he saw an opportunity to create confectionery he personally wanted to eat. He describes digestive effects from some sugar-free confectionery as his own experience, not a universal medical outcome.

  • Kitay links the product idea to his own history with confectionery and weight
  • His professional experience added ecommerce, wellness, and retail knowledge
  • He sought a middle ground between conventional sweets and products he personally found unsuitable
  • The initial thesis combined a founder problem with relevant industry experience

It was a concept or a type of product that I needed to create for myself

Daniel Kitay · 03:30

There has to be a middle ground.

Daniel Kitay · 04:30
#founder story#product insight#confectionery
Story09:30

The $250,000 Freight Bill That Changed Production

Funday initially imported finished stock from Switzerland in refrigerated containers during COVID-era freight disruption. Kitay recalls receiving a $250,000 bill for eight containers before spending on branding, ecommerce, staff, or retail support. The shock prompted a rapid move toward importing in bulk and packing locally.

  • Finished packed stock used container space inefficiently
  • Kitay says refrigerated-container prices rose sharply during COVID
  • Eight containers produced a reported $250,000 freight bill
  • Funday responded by moving to bulk importation and local co-packing

I remember getting a bill for 250k for the eight containers

Daniel Kitay · 10:00

We essentially very quickly moved to a bulk importation local co-pack model.

Daniel Kitay · 10:00
#supply chain#freight#copacking
Story11:30

Kitay Validated the Category More Than the Customer

Kitay acknowledges that he did not deeply test preferences such as texture, branding, or price before launch. Instead, he relied on competitor reviews, his own experience, trips to the US and UK, and the growth of brands using different ingredient approaches. He characterizes the decision as largely intuitive and says stronger direct customer research would have helped.

  • Desktop research suggested dissatisfaction with some existing sugar-free products
  • International brands indicated that a related demand pattern existed elsewhere
  • Kitay did not yet know the preferred texture, branding, or acceptable price
  • He explicitly says he should have spoken to more people

In hindsight, I should have spoken to other people

Daniel Kitay · 11:30

Different market, different consumer, same problem.

Daniel Kitay · 13:00
#market research#validation#intuition
Story13:30

How Excess Frog Stock Became a Limited Edition

Kitay says Funday over-ordered roughly $50,000 of its frog product while the young business still had little demand history. With shelf life and retailer minimum-life rules narrowing the sales window, the team coated the frogs with an available sour coating and released them as a limited edition. The stock rescue also suggested that customers enjoyed novelty between core-product purchases.

  • Perishable stock creates a trade-off between availability and expiry risk
  • Retailers may reject products that arrive with too little shelf life remaining
  • Funday repurposed existing inventory rather than simply writing it off
  • The response informed later collaborations and new-product activity

I basically made a mistake and just bought too too much of one product

Daniel Kitay · 14:00

let's create a 15 30 limited edition product

Daniel Kitay · 15:30
#inventory#limited edition#product launch
Story34:30

Why Kitay Spent $25,000 on Chemist Warehouse's Agency

Kitay says the strategic reason for hiring Stratosphere was its existing role as Chemist Warehouse's lead agency. He believed its retail knowledge, buyer relationships, and authorship of the creative brief could improve Funday's chances of being accepted. He cannot confirm that the agency choice caused the listing, but says the packaging has needed only modest changes over five years.

  • The agency spend was partly a channel-access decision, not just a design purchase
  • The agency understood the retailer and its buyers
  • An intern designer, Kitay, and the agency all contributed to the final work
  • Kitay says the original packaging remained largely intact for five years

That 25K was sort of a way in.

Daniel Kitay · 36:00

We still haven't had to redesign the packaging.

Daniel Kitay · 38:00
#branding#agency#retail access
Story50:00

The Startup Apprenticeship Behind Kitay's Operating Style

Kitay describes Lux Group as an unusually broad early-career learning environment. Starting in customer service, he moved through sales, customer experience, people management, and leadership work as the company acquired and grew businesses. He says both strong and poor later workplace experiences helped define how he wanted to lead Funday.

  • Rapid company growth created opportunities for people who proved themselves
  • Kitay proactively reported growth and communicated work beyond what was requested
  • He gained exposure to sales, operations, people management, and leadership
  • Negative experiences also clarified the leader he did not want to become
  • He advises aspiring founders to work inside an industry long enough to see improvable problems

I got definitely got more than what I put in.

Daniel Kitay · 53:00

Unless you're in it, you don't know.

Daniel Kitay · 54:00
#career#apprenticeship#leadership#industry insight

Tool· 1

Tool24:00

The Scrappy Storefront Kitay Used Before Hiring an Agency

Kitay wanted control over routine website changes without paying an agency for each edit. Funday used Shopify as the commerce engine and Shogun as a drag-and-drop page builder, with Kitay and a graphic designer assembling a simple site. He reports that the setup supported roughly $100,000 a month in sales before the company upgraded it.

  • The priority was fast internal control over copy, images, and page changes
  • Shopify handled the commerce backend
  • Shogun provided the page-building interface used at the time
  • Kitay delayed a larger website investment until the business had more traction

I built it super scrappy.

Daniel Kitay · 24:00

It got us to probably up to 100k a month sort of in sales

Daniel Kitay · 25:00
#shopify#shogun#ecommerce#bootstrapping

Takeaway· 1

Takeaway05:30

What Kitay Says Funday Reached in Five Years

Kitay reports that Funday launched in Chemist Warehouse in April 2021 and made roughly $500 in its first month. He says the business later exceeded $100 million in retail sales over the preceding 12 months, primarily in Australia and New Zealand, and sold one product per second across its range. These are company performance claims made by the guest in the interview.

  • Kitay dates the retail launch to April 2021
  • He recalls first-month sales of about $500
  • He reports more than $100 million in retail sales over the prior 12 months
  • He says Funday sells one product per second across gummies, lollipops, chews, and chocolate

I think we did like $500 in the first month.

Daniel Kitay · 05:30

last 12 months we've 06 00 done over 100 mil in retail sales

Daniel Kitay · 06:00
#growth#retail sales#company claims