Intervue On Shark Tank India-3: Addressing Technical Hiring Challenge
Intervue was established to simplify the interview process for both employers and job seekers. This is why founders were seeking funding at Shark Tank India for Rs1.5 Cr. for 1% equity at Rs150 Cr. company valuation. Does this deal close here?
Rahul Arora and Pushpendra Singh Rautela are the founders of Intervue. Intervue is the world's leading platform that solves universal technical hiring challenges. It is Instant, affordable, scalable and standardised. This technology helps organisations to streamline their hiring process and conduct quality-driven interviews at scale 24x7. Its specialities are tech interviews, collaboration, programming, evaluations, assessments, On-demand interviews, mock interviews. They were seeking an offer of Rs. 1.5 Cr. for 1% equity and at the company valuation of Rs.150 Cr.
Intervue Valuation, funding and Company Profile
Company
Intervue
Valuation
INR 75 Cr.
Founder
Rahul Arora and Pushpendra Singh Rautela
Headquarter
San Francisco, California
Founding Year
2020
Business
Technology, Information and Internet
Profitability
Yes
Got Investment
Yes
Conclusion-Intervue at Shark Tank India
It was an engaging episode at Shark Tank India with all sharks: Namita Thapar, Anupam Mittal, Aman Gupta,Vineeta Singh and Deepinder Goyalwhere participants successfully secured a deal with shark Aman Gupta and received valuable mentorship to help grow their businesses. Now, everyone is eagerly awaiting the next episode, looking forward to discovering more intriguing businesses and their strategies for raising funds from the panel of judges.
FAQ
Who is the founder of Intervue?
Rahul Arora and Pushpendra Singh Rautela are founders of Intervue.
Farmdidi is a platform where women are making pickles and chutneys in the traditional way in the village and earning income. Farmdidi was seeking ₹50 lakhs for 2% equity, valuing the company at ₹25 crore. Does this deal close here?
Shark Tank India is an Indian business series. The show is the Indian franchise of the American show Shark Tank. Several startups present their creative and innovative business ideas to a panel of judges and aim to secure funding. Judges evaluate the valuation of the business and provide funding to the startups in exchange for either ownership stakes or a specific percentage of equity in the company. The judges also provide valuable mentorship to help these startups navigate challenges they may encounter in their startup journey.
This season, the lineup of judges for Shark Tank features:
Aman Gupta - Co-founder and CMO of Indian electronics brand boAt Lifestyle.
Vineeta Singh - CEO & Co-founder of Sugar Cosmetics.
Peyush Bansal - CEO & Co-founder of Lenskart.
Anupam Mittal - CEO & Founder of People Group and Shadi.com.
Namita Thapar - Executive director of Emcure Pharmaceuticals.
Shark Tank - FarmDidi
Anukrit Johari, Manjari Sharma & Asmita Ghodeshwar are founders of FarmDidi. Anukrit is from Bahadurgarh, Haryana. Manjari is from Lucknow, Uttar Pradesh. Ashmita is from Amravati, Maharashtra.
Asmita completed her engineering degree in Computer Science from Amravati, followed by an MBA. She then gained 16 years of professional experience in the IT industry.
Manjari Sharma studied at Ramjas College, Delhi, and later studied at the Indian Institute of Management, Kolkata. She has completed projects in banking, finance, and FMCG sectors with the government.
Anukrit studied at Delhi Technological University, New Delhi, and later at the Indian Institute of Management, Kolkata. They are seeking ₹50 lakhs for 2% equity, valuing the company at ₹25 crore.
What does FarmDidi do?
They have given a platform where women cook food at home, they already have the skill and they can earn income by using it. They are making pickles and chutneys in the traditional way of the village and earning income.
Train village women on food business through the FarmDidi App. They visit villages to teach them how to make quality and hygienic food products. Over 1,500 Didis are associated. Over 70 Didis are Farm didis.
Farmdidi Net Worth and Valuation:
Farmdidi valued at Rs 10 Cr. when they presented their idea to Shark Tank India.
Company Name
Farmdidi
Valuation
INR 10 Cr.
Networth
Undisclosed
Founder
Manjari Sharma
Headquarter
Pune, Maharshtra
Founded Year
2021
Business
Food and Beverage Services
Profitability
Undisclosed
Got Investment:
Yes
What did the Sharks say?
Namita opted out saying that you should ask for your valuation as per your sales and your ambition and future sales.
Aman Gupta also opted out.
Anupam Mittal also opted out saying that I will not be able to go up to the offer you have received in terms of valuation.
Peyush and Vineeta offer Rs.1 Cr. for 10% equity, valuing the company at Rs.10 Cr.
They accepted the offer and finalised the deal with Sharks Peyush Bansal and Vineeta Singh.
Conclusion-
It was an engaging episode where participants successfully secured a deal with Sharks Peyush Bansal & Vineeta Singh and received valuable mentorship to help grow their businesses. Now, everyone is eagerly awaiting the next episode, looking forward to discovering more intriguing businesses and their strategies for raising funds from the panel of judges.