Shark Tank Hood
In this episode of Shark Tank India Hood, a pseudonymous social network app presents the pitch. Will the founder get a deal from the sharks? To know about the deal read till the end.
|Abhishek Asthana, Jasveer Singh, Deepak Kumar|
₹1.2 crores for 0.2% equity
Abhishek Asthana, Jasveer Singh, and Deepak Kumar are the founders of the company. They come from Goregaon.
Abhishek Asthana is from Lucknow. He previously used to write anonymous blogs by the name Gabbar. He has completed his engineering and also has an MBA degree.
Jasveer Singh comes from a small village where he was sharp in his studies since childhood. He has done graduation in mathematics. Later, he also completed an MBA degree. Previously he made to big companies and exit from them at a valuation of 10 crores. He is the CEO of Hood.
Deepak Kumar is the best in his coding work. He comes from Jammu.
About the company Hood
The hood is a pseudonymous social network where users can share anything without any fear of hiding their identity. The most popular feature of their app is the anonymous group. Users can come here to make college groups, company groups or any other such group. The data in this app is end-to -end encrypted. People can share anything on this app and value-driven information can be gathered from it. The app was launched in June 2022. In less than 45 days they hit 5 lakhs users. This app has 5000 groups. Currently, they have 7.7 lakh users. There are 2.4 lakh active users monthly. There are 60000 daily active users. Around 6000 users post on Hood every day. Around 1800 new threads are created on Hood every day.
Va Perfumes Shark Tank
Ask by the Owner Hood
The owners made an ask of 1.2 crores for 0.2% equity of the company at a valuation of 600 crores.
Hood Sales And Revenue
Previously they raised a fund round of 23 crores in January 2022 at a valuation of 112 crores.
Offers and counter offers
Peyush and Aman give a combined offer of 60 lacs for 0.54% equity of the company and 60 lacs as debt at a 12% interest rate at the valuation of 112 crores.
Hood Final deal
The final deal was closed with Peyush and Aman for 60 lacs at 0.54% equity of the company at the valuation of 112 crores and 60 lacs debt at a 12% interest rate.