Monday, January 30, 2023
Outlook.com
Outlook India
Outlook Business
+

Hoovu Fresh Raises Rs 10 Million From Aman Gupta And Peyush Bansal In Shark Tank

The platform aims to deliver fresh flowers by shortening the supply chain and leveraging technology

Hoovu Fresh Raises Rs 10 Million From Aman Gupta And Peyush Bansal In Shark Tank
POSTED ON January 04, 2023 5:41 PM

Bengaluru-based Yeshoda Rose Bazaar, which runs floral start-up Hoovu Fresh, has raised Rs 10 million in funding from entrepreneurs Aman Gupta and Peyush Bansal in a recent episode of Shark Tank India.

Founded in 2019 by two sisters, Yeshoda and Rhea Karuturi, the platform delivers fresh flowers by shortening the supply chain and leveraging technology in packaging and innovation.

The sister duo grabbed the funding in the latest edition of the reality show, Shark Tank India. 

Currently, in its second season, the show features entrepreneurs pitching business presentations on their start-ups to a panel of investors also called Sharks, who decide whether to invest in the company.

In December 2022, the brand raised Rs 6.45 crore in a pre-series A funding round led by early-stage venture capital firm Sauce.vc, as reported by VC Circle.

Hoovu Fresh has operations in Bengaluru, Hyderabad, and Mumbai and its flowers can be ordered via grocery apps. It also offers agarbattis (incense sticks) made out of recycled temple flowers and other puja products on its website.

  • Related Articles

    The new fund will take the firm's assets under management to over $2 billion

    Nexus Venture Partners To Raise $700 Million Fund To Invest In India, US Tech Start-Ups

    CAIT also demanded that e-commerce rules under the Consumer Protection Act should be implemented

    CAIT And Other Organisations Pitch For Immediate Rollout Of E-Commerce Policy

    The 30-year-old founder is accused of stealing billions of dollars of customer funds from the cryptocurrency exchange platform

    FTX Founder Sam-Bankman Fried Pleads Not Guilty To Eight Criminal Charges