Wednesday, 21 February 2024

 

 

LATEST NEWS Strengthening surface water infrastructure in Punjab : Chetan Singh Jouramajra Constitution and democracy finally won in Chandigarh Mayor elections: Arvind Kejriwal Supreme Court Rules in Favor of AAP in Chandigarh Mayor Election AGDA Partners with Italy's Luiss University for Student Exchanges and Joint Events Chetan Singh Jouramajra Launches Innovative Irrigation Projects in Talwandi Bhai and Zira Kuljit Singh Sarhal Appointed Vice Chairman of Punjab Water Resources Management and Development Corporation Vigilance Bureau nabs senior constable for taking Rs 3,000 bribe Renowned PEC Alumnus Dr. Roop Lal Mahajan Returns to Inspire at His Alma Mater Shiv Pratap Shukla appreciated the efforts of Chetna Sanstha in inclusive development of persons with disabilities How To Easily Do PMSYM Online Registration? Breaking News: Adult Film Star Kagney Linn Karter, 36, Dies by Suicide Samsonite's 'Tested Like Samsonite' Campaign: A Testament to Resilience and Innovation Chief Minister Sukhvinder Singh Sukhu Enhances PWD with Rs. 60 Crore Machinery Procurement LG India inaugurated its Business Innovation Center in Chennai, fourth in a row Vaginal And Vulvar Cancers -The Lesser-Known Gynaecologic Cancers Ruby Hall Clinic expands Critical Care Services with New ICU Crafting Compelling Narratives: 5-Day Screenwriting Workshop by Anjum Rajabali Marks Success at Whistling Woods International Sir Ravindra Jadeja Net Worth 2024, Bio And Life CBSA, CGC Landran organises competition on sidelines of financial conclave Indian Cricketer Devdutt Padikkal Net Worth 2024, Bio And Career Nutricook in Shark Tank India Season 3: Cooking Up a Deal or Just Hot Air?

 

Shark Tank India Season 3: Sharks Looked Amazed By The Variety of Infused Honey Offered by "Honey Twigs”

Sharks Looked Amazed By The Variety of Infused Honey Offered by Honey Twigs
Listen to this article

5 Dariya News

5 Dariya News

5 Dariya News

09 Feb 2024

Honey Twigs was introduced on the Shark Tank India stage with exquisite ornamentation. After tasting this honey product, the shark judges are overjoyed. This review article will attempt to determine whether or not the large bottle of this product will be presented in a novel way, such as a chocolate-colored bottle, and whether or not the business pitcher will be able to make a profit on his venture.

With the industry expertise and the Shark Judge's professional guidance, everyone feels motivated to embark on their entrepreneurial path. Today, we will go into great detail on the business agreement, including the company's goals, target market, and financial statements.

Read more:- "Gud Gum" Produces Chewing Gum For "Perfora," A Sharks Firm

Honey Twigs Pitch to Sharks in Shark Tank India

Honey Twigs business has already raised money in two fundraising rounds. The first one was the Angel round, which brought in ₹50 lakhs at a valuation of ₹2.77 crore. Interestingly, this round ended in 2017. They raised ₹1.5 crores in a second funding round in 2020, valued at ₹12 crore. Prafull owns 5% of the company, having contributed ₹1 crore of his own funds, while Jigar and Paras hold 36% apiece. 

Even though he mentioned that he doesn't like honey, Aman said he enjoyed the items. He also thought he could collaborate effectively with the entrepreneurs, therefore he made an offer of ₹45 lakhs for 3% and the remaining amount as debt with a two-year period and 10% interest. Vineeta also wanted to invest, valuing the firm at ₹18.75 crores, with an offer of ₹75 lakhs for 4%. 

Together, Anupam and Ritesh presented the entrepreneurs with a Dream Deal that included 3% of the firm for ₹75 lakhs, which was precisely what they had requested. Peyush asked whether he could accept Ritesh and Anupam's invitation, and they said yes. Together, Aman and Vineeta made a second bid for 4% of the business, this time for ₹75 lakhs.

Read More: Ritesh Agarwal Net Worth

Sharks Invest in Honey Twigs Business Deal

The founders' requests were fulfilled by Anupam, Ritesh, and Peyush at that point. Aman and Vineeta joined at this point and changed their original offer of Rs 75 lakh for 3% equity. After a minute, the founders asked the Sharks if all five of them could pool Rs 1 Cr for 5% stock, but they weren't prepared, so Anupam, Ritesh, and Peyush locked in a deal for Rs 75 lakh for 3% equity.

Read more:- Shark Anupam Pilots The "Vecros" AI Drone

The financials of Honey Twigs on Shark Tank India

At ₹1.3 crores, Honey Twigs concluded their first fiscal year of FY20–21. They then saw a 100% growth rate, ending FY21–22 at ₹2.6 crores. The company's revenue for the most recent fiscal year, FY22–23, was ₹4 crores. In June 2023, they earned ₹55 lakhs, followed by ₹18 lakhs in July and ₹35 lakhs in each of August and September. Without finance, they expect to conclude this year with ₹6 crores in income, and if they raise the money, that number would rise to ₹9 crores. This year, they anticipate making a net profit of 3%.

Read more:- The Brand Spokesperson of "Arata" Was Bollywood Actress Taapsee Pannu

 

Tags: Tv , Shark Tank India Season 3 , Shark Tank India 3 Judges , Shark Tank India 3 Sharks , Shark Tank India 3 Episodes , Shark Tank 3 , Shark Tank 3 Judges , Shark Tank 3 Judges India , Shark Tank India Season 3 Judges , Honey Twigs , Honey Twigs Shark Tank India , Shark Tank India Honey Twigs , Shark Tank India , Honey Twigs Shark Tank India 3

 

 

related news

 

 

 

Photo Gallery

 

 

Video Gallery

 

 

5 Dariya News RNI Code: PUNMUL/2011/49000
© 2011-2024 | 5 Dariya News | All Rights Reserved
Powered by: CDS PVT LTD