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Hood Shark Tank India Season 2

by IndiaSuccessStories
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Hood Shark Tank India Season 2 Got 60 Lakhs Funding in Exchange of 0.54% Equity with 60 Lakhs in debt at 12% interest by Aman Gupta and Peyush Bansal.

Hood Shark Tank India Season 2

Pitch no 127 with company details

Hood

Users of the new-age pseudonymous social network The Hood are free to express themselves by sharing their authentic tales and concealing their genuine identities.  It is a forum where everyone may tell the truth without fear and learn about reality.

Founder of Hood

The company’s founders, Deepak Kumar, Jasveer Singh, and Abhishek Asthana, are all from Goregaon.

Hood Funding Round

Company Name

Hood

Shark Tank India Season

2

Episode No

40

Season No

2

Brand

Hood

Idea

A pseudonymous social network

Original Ask

1.2 Crore for 0.2% Equity

Deal

60 Lakhs for 0.54% Equity and ₹ 60 Lakhs Debt @ 12% Interest

Invested By:

Aman Gupta and Peyush Bansal

At the heart of Hood's pitch was a commitment to reinventing social networking by prioritizing user privacy and authenticity. Their platform offered users the freedom to express themselves under pseudonyms, enabling them to share their thoughts, ideas, and experiences without revealing their true identities. With features such as encrypted messaging, content moderation, and community-driven governance, Hood aimed to create a safe and inclusive online space where users could connect, engage, and explore their interests freely.

The Pitch:

Hood entered the tank with a bold vision to create a pseudonymous social network, offering users a platform where they could express themselves freely without the fear of judgment or repercussions. With an original ask of ₹1.2 Crore for 0.2% equity, Hood sought investment to fuel its development, enhance its features, and expand its user base. The brand's commitment to privacy, authenticity, and user empowerment resonated strongly as they unveiled their innovative platform designed to foster genuine connections and meaningful interactions.

The Deal:

Hood's compelling pitch and innovative approach to social networking captured the imagination of investors Aman Gupta and Peyush Bansal, who recognized the potential for disruption and growth in the digital landscape. Securing a deal with Aman Gupta and Peyush Bansal, Hood gained not only the financial backing it needed but also strategic partners with expertise in scaling technology startups. With their support, Hood is poised to accelerate its development, expand its user base, and establish itself as a leading player in the social networking space.

Investors Behind Hood

Vineeta Singh: With the backing of investors Aman Gupta and Peyush Bansal, Hood is well-positioned to realize its vision of creating a pseudonymous social network that prioritizes user privacy, authenticity, and empowerment. The investment will enable Hood to further develop its platform, enhance its features, and launch targeted marketing campaigns to attract and retain users.

Conclusion:

Hood's success on Shark Tank India Season 2, Episode 40 highlights the growing demand for innovative solutions that prioritize user privacy and authenticity in the digital age. As they continue to innovate and expand their reach, Hood stands poised to revolutionize social networking, offering users a refreshing alternative to conventional platforms and empowering them to connect, share, and engage on their own terms.

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