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HoneyVeda Shark Tank India Season 2

by IndiaSuccessStories
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HoneyVeda Shark Tank India Season 2 Got 50 Lakhs Funding in Exchange of 20% Equity with 25 Lakhs in debt at 12% interest by Anupam Mittal and Vineeta Singh.

HoneyVeda Shark Tank India Season 2

Pitch no 68 with company details

HoneyVeda

A startup called HoneyVeda gathers honey and wax without harming the bees or their colony. To date, they have trained more than 200 farmers. They function as a B2B wholesale supplier. Additionally, they wish to work in the D2C market.

Founder of HoneyVeda

At HoneyVeda, Hardik and Kashyap Joshi are the founders. They’re siblings.

HoneyVeda Funding Round

Company Name

HoneyVeda

Shark Tank India Season

2

Episode No

22

Season No

2

Brand

HoneyVeda

Idea

Honey Products

Original Ask

75 Lakhs for 7.5% Equity

Deal

50 Lakhs for 20% Equity and ₹ 25 Lakhs Debt at 12% Interest

Invested By:

Anupam Mittal and Vineeta Singh

At the heart of HoneyVeda's pitch was a commitment to purity, quality, and innovation in honey products. Their range included not only traditional raw honey but also infused varieties with added flavors and health-boosting ingredients. From turmeric-infused honey to honey with added superfoods, HoneyVeda aimed to cater to the diverse tastes and preferences of their customers while promoting the health benefits of honey consumption.

The Pitch:

HoneyVeda took center stage with a mission to revolutionize the honey market with their range of innovative products. Their idea centered around offering customers premium-quality honey products that were not only delicious but also packed with health benefits. With an original ask of ₹75 Lakhs for 7.5% equity, HoneyVeda sought investment to scale their production, expand their product line, and enhance their marketing efforts to reach a wider audience of health-conscious consumers.

The Deal:

HoneyVeda's pitch resonated with Anupam Mittal and Vineeta Singh, who recognized the potential of their products to disrupt the honey market. Securing a deal with the duo, HoneyVeda gained not only the financial support they needed but also strategic partners who shared their vision for quality and innovation. With their backing, HoneyVeda is poised to expand their product range, increase their market presence, and solidify their position as leaders in the honey industry.

Investors Behind HoneyVeda

Anupam Mittal and Vineeta Singh: With the support of Anupam Mittal and Vineeta Singh, HoneyVeda is well-positioned to accelerate their growth and achieve their ambitious goals. The investment will enable HoneyVeda to ramp up their production, invest in marketing and distribution channels, and continue innovating to meet the evolving needs of health-conscious consumers.

Conclusion:

HoneyVeda's success on Shark Tank India Season 2, Episode 22 exemplifies the power of innovation and quality in capturing market share and driving growth. As they continue to expand their product offering and reach new customers, HoneyVeda serves as a beacon of excellence in the honey industry, inspiring others to embrace innovation and pursue their entrepreneurial dreams.

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