Nuvedo is a mushroom products brand that provides 100% organic and chemical-free mushroom products.
More About Nuvedo
Nuvedo is the only brand that works on end-to-end mushroom cultivation. They have a range of mushroom-oriented products right from growing them to having them for your wellness.
Founders of Nuvedo
Jashid Hameed and Prithvi Kini are the co-founders of Nuvedo, a mushroom products brand.
Nuvedo Shark Tank Pitch and Updates
Jashid Hameed and Prithvi Kini appeared on Shark Tank India season 3 and shared details about their unique approach towards Mushrooms.
The founders started their pitch by sharing more details about mushrooms and their health benefits. They also told the Sharks that people are not aware of mushrooms and many people do not even consume them because of various concerns.
To help mushrooms get the respect and position they deserve, the founders started Nuvedo which provides various products prepared by mushrooms.
After that initial pitch, the founders demanded INR 50 Lakhs for 3% equity at a valuation of INR 16.67 crores.
After that, the Sharks started asking various questions about their brand:
- Ritesh Agarwal told everyone that he never had mushrooms in his life and they look weird in visuals.
- Aman Gupta asked the founders why they have so much love for mushrooms and why they started this niche business.
- Vineeta Singh asked various questions about their products and their market size.
- Radhika Gupta also was interested to know about their competitors and how they are calculating their market size. She didn’t find the market size big enough and said that their product was a solution looking for a problem.
- Peyush Bansal liked their idea and one of the products but got out of the deal because the business was not at a level of stability.
After all the discussions, the founders were not able to receive any investment offer from the Sharks.
| Company Name | Nuvedo |
| Founders | Jashid Hameed and Prithvi Kini |
| Headquarters | New Delhi |
| Founded Year | 2021 |
| Business | Mushroom Products |
| Profitability | – |
| Shark Tank Episode | Season 3 – Episode 13 |
| Asked For | INR 50 Lakhs for 3% equity |
| Deal | No Deal |
| Sharks Invested | No Deal |
| Valuation Given | – |
| Website | Click Here |
Nuvedo was not able to secure any deal from Shark Tank India because of a lack of clarity in their business.
Frequently Asked Questions About Nuvedo
After their appearance on Shark Tank India Season 3, people tried to find more information about Nuvedo. So here are some of the frequently asked questions about them.
1. Who Is The Founder of Nuvedo?
Jashid Hameed and Prithvi Kini are the co-founders of Nuvedo, a mushroom products brand.
2. Is Nuvedo From Shark Tank India profitable?
There are no details available at present about their profitability. The projected revenue for Nuvedo last year was around 50 lakhs.
3. What happened to Nuvedo after the Shark Tank?
Nuvedo was not able to secure a deal on Shark Tank India season 3. They are now offering a discount, especially for Shark Tank viewers.
4. What Is The Valuation of Nuvedo?
Nuvedo came on Shark Tank India to raise investment at a valuation of INR 16.67 crores.
