India’s first and most popular shark tank is back for a second season, and it promises to be even more exciting than the first. Hoovu Fresh Flowers was talk of the show after the debut, know its funding and revenue
There have been social media promotions for the upcoming concert. The public’s attention was drawn to one of the advertisements. After the pitchers throw a wild pitch, the sharks lash out in the commercial.
Hoovu Fresh Flowers Shark Tank season 2 founder, funding, revenue, valuation and turnover
The creators of Hoovu Fresh Flowers went on Shark Tank India Season 2 to try and raise money for their startup. The sisters who started the company, Yeshoda and Rhea Karuturi, are looking for Rs.80 lakhs for one percent of the business to value the company at Rs.80 crore. The flower shop Hoovu Fresh has been around for quite some time.
The shelf life of these flowers has been extended by Hoovu Fresh Pooja Flowers from 2 days to 15 days. Namita and Vinita are offering forty million rupees (about six million dollars) in exchange for four percent ownership in the company. Peyush Bansal is willing to invest 1 billion rupees (around 2% of the company) in exchange for equity.
Hoovu fresh flower startup sales and ask
Sales – 1 Cr Rupees
Ask -80 Lakh Rupees for 1% Equity
In the absence of a cold chain or other means of preservation, by the time flowers reach the final consumer 36 to 48 hours after harvest, their quality will have degraded significantly.
They realised there was a huge market for our expertise in agriculture. So they teamed up with farms to cut production times in half, to 12-24 hours. Due to our cutting-edge packaging, we are able to double or even triple the typical vase life of cut flowers.
Hoovu Fresh, a fresh puja flower startup has raised Rs 6.45 crore in a pre-series A funding round led by Sauce.VC. Hoovu Fresh, a Bengaluru-based floral startup has raised funding of Rs 1 croe from Shark Tank India via Aman Gupta and Peyush Bansal.
Season 2 of Shark Tank India premieres on January 2, 2022, and airs every Monday through Friday at 10 p.m.
Founders of Hoovu fresh flowers
Yeshoda Karuturi
The Washington University in St. Louis awarded Yeshoda Karuturi both a Master of Science in Accounting and a Bachelor of Science in Business Administration. After completing her education, she joined Karuturi Global. The largest rose producer in the world, where she served as Executive director, focusing on the Company’s international operations.
Given the technological limitations of the Ethiopian agricultural sector, she developed a machinery rental business with an emphasis on creating efficient controls that could be scaled and implemented in practise.
Ms. Rhea Karuturi
Rhea earned her Bachelor of Science in Science, Technology, and Society at Stanford University. Where she focused on Media and Communication. She was a TA in the Computer Science department and was responsible for instructing students in Java, Python, and Javascript for the CS106a course. Her resume includes stints at the Times of India, the Deccan Herald, the Stanford Daily, and the Bay City Beacon.
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