Hood app on Shark Tank India, episode, founder, deal funding, valuation, revenue, and net worth

The hood is a pseudonymous social media site, discover more about the site and its experience on Shark Tank India season 2 and the deal it got

Shark Tank India season 2 has continued to trend on social media just like its first season. The well-known reality show with a business theme, where entrepreneurs are asked to present their creative ideas, has a reputation for captivating viewers with its bold and original concepts.

Yet, the program has also received harsh criticism for occasionally going beyond with the dramatization, particularly on social media.

But something unusual happened at the show when the entrepreneur who trolled the show on Twitter comes to the show to pitch his idea. Not only this, but sharks also recognized him and teased him for what he had done.

Hood app on Shark Tank India, episode, founder, deal funding, valuation, revenue, and net worth in 2023

It was done during the pitch of Hood named pseudonymous social networking site. Not only this, the pitch also gets stunning on the show. Soon, it became a trending topic of discussion on various social media platforms. So, let’s find out everything about it.

More about Hood

Hood Discover Truth is a pseudonymous social media site that encourages people to investigate reality courageously and tell the truth without worrying about the consequences.

Three co-founders, Jasveer Singh, Abhishek Asthana, and Deepak Kumar, worked together to establish the application, which has its main office in Gurgaon, Haryana. It has a B2C business model and goes by the official name Zorro Internet Private Limited.

The platform has received attention from well-known investors such as Vijay Shekhar Sharma, Ashish Hemrajani, Ritesh Agarwal, and Kunal Shah.

The application has over 500,000 users and 5,000 groups, with 2.4 lakh monthly active users and 60,000 daily active users. Out of the daily active users, 10% or 6,000 people post content, with 30% of these 6,000 users creating 1,800 new threads daily.

Its experience on Shark Tank India 2

The creators of Hood Discover Truth Company presented their idea to the sharks, who offered to invest ₹60 lakhs in exchange for 0.54% equity and an extra 60 lakh as debt with a 12% interest rate. Shark Aman and Shark Peyush made this offer.

Following considerable discussions, the business pitchers eventually decided to accept the sharks’ offer and come to an agreement.

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