HooVu Fresh is a flower delivery company based in Bengaluru, Karnataka, India that specializes in providing fresh flowers and incense on subscription.
The company was founded in 2019 by Rhea Karuturi and Yeshoda Karuturi and has since expanded to serve customers in Bangalore, Hyderabad, and Mumbai. To ensure the highest quality of flowers for their customers, HooVu Fresh has partnered with local farmers to deliver the flowers as soon as they are harvested.
In addition to offering their products through subscription, HooVu Fresh has also made their flowers and incense available in various supermarket chains throughout India, including Big Basket, Blinkit, Dunzo, Jio Mart, Haiko, and more.
The founders of HooVu Fresh appeared on Shark Tank India Season 2 Episode 1, seeking ₹80 Lakh (approximately $108,000) for a 1% equity stake at a valuation of ₹80 Crores (approximately $108 million).
A Bit More About More Hoovu Fresh
HooVu Fresh is a unique business that aims to provide high-quality, fresh flowers to customers in India. By partnering with local farmers and making their products available through both subscriptions and retail stores, the company is able to offer a wide range of options for customers to choose from.
The founders’ appearance on Shark Tank India highlights the potential and growth potential of the business, and it will be interesting to see how HooVu Fresh continues to evolve and expand in the future.
Hoovu Fresh Shark Tank India Pitch and Updates
As shared above, the brand appeared on the first episode of Shark Tank India season 2. Both the founders were confident about what they are doing and had answers to all the questions asked by the Sharks.
Apart from that, the main highlight of the pitch was their technology to increase the shelf life of flowers from 3 days to around 15 days.
Here are the further updates about the pitch:
|Company Name||Hoovu Fresh|
|Founders||Rhea Karuturi(CTO), Yeshoda Karuturi(CEO)|
|Business||Traditional Flower Delivery|
|Profitability||Business is Profitable|
|Shark Tank Episode||Season 2 – Episode 1|
|Asked For||80 Lakhs INR for 1% Equity|
|Deal||1 Crores INR for 2% Equity|
|Sharks Invested||Aman Gupta and Peyush Bansal|
|Valuation Given||50 Crores|
Frequently Asked Questions
Here are some frequently asked questions about Hoovu Fresh that people are asking over the Internet after their appearance on Shark Tank India season 2:
1. Who Is The Founder of Hoovu Fresh?
Rhea Karuturi(CTO) and Yeshoda Karuturi(CEO) are the founders of the brand Hoovu Fresh.
2. Is The Business Profitable?
Yes, Hoovu Fresh is a profitable business and after Shark Tank India season 2 the business is standing tall with a finalized valuation of 50 Crores.
3. What Happened to Hoovu Fresh After Shark Tank?
Hoovu Fresh received the final deal from Aman Gupta and Peyush Bansal. They both invested together a total sum of 1 Crore to get 2% equity in the brand.