More About Hoora
Hoora services can be booked on their mobile application, which allows booking and scheduling on-demand professional services as required.
Here are some of the major details that make them unique:
- They bring their own power source.
- Hoora services only use two buckets of water.
- They provide 16+ services at the doorstep of its customers.
Founders of Hoora
Yashwant Budhwani and Harsh Somani are the co-founders of Hoora, an affordable and on-demand auto care services company.
Hoora Shark Tank Pitch and Updates
Yashwant Budhwani and Harsh Somani appeared on Shark Tank India season 3 and shared details about their app Hoora.
The founders started their pitch by sharing the fact that we all depend on a small piece of cloth for getting our cash washed. No matter if it’s a luxury car or a budget car, dirty clothes are all that we have to keep the car clean.
To help people with a better and affordable solution, the founders started Hoora. It is a mobile app for booking car wash at home.
As per the founders, India has more than 15,000 car wash centers that waste more than 1 crore liter of water daily. On the other hand, services from Hoora use 5 times less water than traditional methods. Their app is India’s one of the most popular car wash apps in India and they have more than 1 lac app downloads.
After that initial pitch, the founder demanded INR 80 Lakhs for 2% equity at a valuation of INR 40 crores.
After that, the Sharks started asking various questions about their business:
- Vineeta Singh asked them about their backgrounds and how they met together to start this unique business.
- Anupam Mittal asked them why would people choose them over garage wash or other people washing cars at a lower price. He also asked them about their future goals and was not very impressed by their business execution.
- Aman Gupta appreciated their idea and business process after the demonstration was provided.
- Amit Jain asked them about their bag-pack and all the things they have filed for a patent. Also, he asked them various questions about their unit economics, pricing strategy, and growth scope.
- Namita Thapar was not able to see scaling opportunities for the business and thus got out of the deal.
After all the discussion, the founders only received one offer from Vineeta Singh. In the end, they were not able to close the deal as their expectations for the valuation were high.
| Company Name | Hoora |
| Founders | Yashwant Budhwani and Harsh Somani |
| Headquarters | Maharashtra |
| Founded Year | 2022 |
| Business | Autocare Services |
| Profitability | No |
| Shark Tank Episode | Season 3 – Episode 18 |
| Asked For | INR 50 Lakhs for 2% equity |
| Deal | No Deal |
| Sharks Invested | No Deal |
| Valuation Given | No Deal |
| Website | Click Here |
Hoora could not secure funding in Shark Tank India season 3 because their business model was not as scalable as per the Sharks.
Frequently Asked Questions About Hoora
After their appearance on Shark Tank India Season 3, people tried to find more information about Hoora. So here are some of the frequently asked questions about them.
1. Who Is The Founder of Hoora?
Yashwant Budhwani and Harsh Somani are the co-founders of Hoora, an affordable and on-demand auto care services company.
2. Is Hoora From Shark Tank India profitable?
No, Hoora is not yet a profitable business and they have a burn of around 5% every month.
3. What happened to Hoora after the Shark Tank?
Hoora was not able to secure a deal from Shark Tank India as the Sharks were not able to find business scalability in their business model.
4. What Is The Valuation of Hoora?
Hoora came for an investment on Shark Tank India season 3 at a valuation of 40 crores.
