HooVu Fresh After Shark Tank India
It is clear that HooVu Fresh has a unique approach to the traditional flower delivery business. By partnering with local farmers and using innovative packaging techniques, the company is able to extend the shelf life of its flowers and offer a more sustainable option for customers. The founders, Rhea Karuturi and Yeshoda Karuturi, have also been successful in expanding their brand to multiple cities in India and partnering with various retail stores.
Despite the challenges of starting a business in the midst of a pandemic, HooVu Fresh has managed to gain the attention of the Sharks on Shark Tank India. In the Season 2 Episode 1, the founders pitched their business and received a deal of ₹1 Crores for 2% equity from Sharks Aman Gupta and Peyush Bansal. This investment will surely help the company continue to grow and expand its reach even further.
HooVu Fresh has also gained a strong following on social media, with an active Instagram account featuring beautiful photos of their flowers and updates on new products and services. It is clear that this company is dedicated to providing high quality, fresh flowers to its customers, and has a bright future ahead.
HooVu Fresh is a start-up company that aims to provide fresh and fragrant flowers to customers all over India. Founded by Yeshoda Karuturi and Rhea Kaurturi in 2020, the company sources its flowers directly from farmers, cutting out the middlemen and ensuring that the flowers remain fresh and affordable.
In addition to providing fresh flowers, HooVu Fresh also offers a subscription service where customers can receive a bouquet of flowers every week or month. The company prides itself on its commitment to sustainability, using eco-friendly packaging and supporting local farmers.
HooVu Fresh caught the attention of the judges on Shark Tank India season 2, with Yeshoda and Rhea pitching their business in the premiere episode. They requested an investment of INR 15 lakhs in exchange for 10% equity, valuing their company at INR 1.5 crores.
The judges were impressed by the company’s unique business model and commitment to sustainability, and they received offers from all five judges. In the end, they accepted a deal from Aman Gupta, Namita Thapar, and Vineeta Singh, who invested INR 15 lakhs in exchange for 20% equity.
Since appearing on Shark Tank India, HooVu Fresh has continued to grow and expand its reach, bringing fresh and fragrant flowers to customers all over the country. The company’s subscription service has also gained popularity, with many people enjoying the convenience of receiving a bouquet of flowers regularly.
In addition to its online presence, HooVu Fresh also has a physical storefront in Bengaluru where customers can browse and purchase flowers in person. The company plans to continue expanding and bringing its sustainable and affordable flowers to more people in the future.