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The Honest Home Company at Shark Tank India

The Honest Home Company was established with the goal of reducing the usage of plastic packaging and fostering a more sustainable future. To fulfil this, they were seeking Rs.1 Cr. for 2% Equity, at a Rs50 Cr. valuation; so, does this deal close here?

By Vijay Yadav
New Update
The Honest Home at shark tank india

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.

Anupam Mittal- CEO & Founder of People Group and Shadi.com.

Namita Thapar- Executive director of Emcure Pharmaceuticals. 

Vineeta Singh- CEO & Co-founder of Sugar Cosmetics.

Amit Jain- CEO & Co-founder of CarDekho Group.

Shark Tank- The Honest Home Company 

Mayank Pratap Sisodiya is the founder of The Honest Home Company. He is from Dhampur, Uttar Pradesh. He completed his education till 12th from Dhampur, Uttar Pradesh and after that he got his graduation degree from Punjab University and did his MBA from Jaipuria Institute of Management, Lucknow. He got first job as a Territory Sales Officer in Parle Products Pvt Ltd and then joined Hindustan Unilever where he got three promotions in record time. After that he joined an Ayurvedic startup Kapha Ayurveda where he expanded the offline distribution in North India and within 1 year he took it from 0 to 1 Cr. monthly revenue. They were seeking Rs. 1 Cr. For 2% Equity, valuing the company Rs. 50Cr. 

What does The Honest Home Company do? 

The Honest Home  company is trying to create product options to use less plastic, recycled packaging, sustainable products, organic raw materials, and any number of ways to make healthier choices. It works for a sustainable future and safe environment. It produces a range of products including Food wrapping paper, Baking paper, Butter paper sheets, Aluminium foil and various household cleaners such as Floor cleaner, Hand wash, Dish wash,Toilet cleaner. Its mission is to create a waste free future. 

The Honest Home Company Net worth and valuation-

The Honest Home Company Valued at Rs 33.33 Cr. when they presented their idea to Shark Tank India.

Company 

The Honest Home Company 

Net Worth 

Undisclosed 

Valuation 

33.33 Cr. 

Founder 

Mayank Sisodiya 

Headquarter 

Noida 

Founded year 

2019 

Business 

Consumer goods 

Profitability 

Yes 

 

Revenue 


FY 19-20

Rs. 1.82 Cr. 

FY 20-21

Rs. 2.89 Cr. 

FY 21-22

Rs. 4.9 Cr. 

FY 22-23 

Rs. 13.8 Cr.

Got Investment 

Yes 

 

 What did the Sharks say? 

Namita was impressed with this but she opted out saying “I don't think it is for an investor because it is difficult to get an exit.”

Aman, Anupam and vineeta offered Rs. 1.5 Cr. For 6% equity + 1% royalty until Rs. 3 Cr. is recouped and valuing the company at Rs. 25 Cr.

Amit also offered Rs. 1 Cr. For 3% equity + 1% royalty until Rs. 1.5Cr. is recouped and  valuing the company at Rs. 33.33 Cr.

Mayank chose the offer of Shark Amit jain and deal was closed  on these terms.

Conclusion

It was an engaging episode where participants successfully received an offer from shark Amit Jain and other joint offers from Aman, Anupam and Vineeta. He secured deals with shark Amit jain 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. 

Read more- Digital Pani At Shark Tank India - Digital Pani Net worth and Funding

FAQ

Who is the founder of The Honest Home Company?
Mayank Sisodiya is the founder of The Honest Home Company.
The Honest Home company Is it profitable?
Yes, The Honest Home company is profitable.
What is the founding year of The Honest Home Company? 
2019 is the founding year of The Honest Home Company. 
Did The Honest Home Company get investment?
Yes, It got investment in Shark Tank India.