The Honest Home Shark Tank India Complete Review

The Honest Home Shark Tank India Business Pitch Shark Tank has come to India with natural solutions to address the harmful effects of plastic products. He has understood the Natural Ecosystem from his farmer father and has experienced the natural power of Mother Earth and treated them honestly. They have used many utilities to avoid plastic use. Plastic Alternative Has been presented.

The Honest Home Shark Tank India Business Vision

The Honest Home Company's vision is to provide people with sustainable and eco-friendly choices for their use.

The Honest Home Shark Tank India Business Founder – Mayank Sisodia

The Honest Home Shark Tank India Business Founder – Mayank Sisodia

Mayank Sisodia has not taken any major business degree and he has been recommended for business investment by more than 80 venture capitalists. He was declared invalid for not building a sales experience person brand.

Whereas he has built the foundation of understanding customer needs with his more than 10 years of sales experience. His father does farming in Dhampur, Uttar Pradesh and hence he believes in Natural Ecosystem.

With his honest attitude of giving, he has created The Honest Home. They have also told in their The Honest Home Business Pitch that they do not harass people in the name of eco-friendly and provide sustainable products.

Shark Judges' Investment Guidance on The Honest Home Business

Shark Amit Jain, Shark Anupam Mittal, Shark Aman Gupta, Shark Namita Thappar, and Shark Vineeta Singh The Honest Home Business Shark Tank India Season 3 is mentioned in the pitch.

All the Shark Judges were impressed by The Honest Home Business' Honest Pitch. But Shark Anupam Mittal has said that Honesty, Sustainability is fading nowadays.

They Shark Tank India Season 3 In the episode, when The Honest Home Business Founder Mayank Sisodia was asked about taking VC fund investment, he told that he came to Shark Tank India after 80 VC rejections.

He was criticized for not making a brand business out of sales experience. But he admits, it is through that experience that he understands how to sell properly. And they understand customer needs.

On The Honest Home Business Pitch, all the sharks gave their own expert advice on business. Shark Amit Jain told that he found The Honest Home Business Founder to be very honest.

Shark Anupam Mittal told that by saying Plastic Free they are using Toxic Product Component, due to which the business is using words in the gray area.

Shark Namita Thappar said that business margin is very high, hence business investor will not be able to take exit.

And Shark Vineeta Singh has also received VC Investor rejection 100 times, so he is very interested in founders who have received rejections in Founder. No marketing expenses have been incurred so far and they have targeted the easiest market available first. The Sharks were impressed by these things.

The Honest Home Shark Tank India Business SWOT Analysis

By doing The Honest Home Business Analysis, we will try to look at it from the perspective of Strength, Weakness, Opportunity and Threat. In the study of business management, SWOT analysis is taught at many levels.

In simple words, SWOT means Strength, Weakness, Opportunity and Threat. This makes it easier for the business to understand about itself and the market and helps in planning for its future work.

Your personal strengths and weaknesses are classified into Strength and Weakness. External and market opportunities and difficulties are classified into Opportunity and Threat. We are taking this opportunity to present this common topic through this business.

The Honest Home Shark Tank India Business Strength

The biggest strength in The Honest Home Business Pitch is the Honest Product discussed in their Honest Leadership. They deliver quality products to the people with authenticity and high standards.

The Honest Home founder has claimed that they believe that customers always expect honesty from businesses and The Honest Home therefore provides honest products.

The Honest Home Shark Tank India Business Weakness

The Honest Home Product will have to fight Better Plastic Feature and Product Cost. This Honest Business Pitch, which is his specialty, is also his flaw. This The Honest Home product will have to be balanced for price and utility at both the Market Perspective and Supply Management levels.

The Honest Home Shark Tank India Business Opportunity

The Honest Home Founder Mayank Sisodia first worked in Parle Company. He has more than 10 years of sales experience. Mayank Sisodia may not have taken a degree from a big premium institute, but having worked in sales, he knows very well what the customer needs.

His principle is that the customer needs honesty and he has made the same principle his specialty and has also made the specialty of The Honest Home Business.

After Parle Company, he worked in Hindustan Unilever and then also gained experience in Kapiva Ayurveda. While working in these companies, he had gained experience in building businesses from zero to ₹1 crore. And now he was running The Honest Home completely under his leadership.

The Honest Home Shark Tank India Business Threats

People in The Honest Home Market do not accept them because they are expensive in utility and their durability is difficult to work on.

There is attraction towards plastic product option, but product utility becomes very limited. Shark Judge has also explained the difference between Product Sales and Product need in the conversation.

The Honest Home Business Statistics

• The Honest Home has made an annual revenue of ₹14 crore by investing ₹2.25 crore in initial investment.
• The Honest Home Average Order Value is ₹200.
• The Honest Home Unit Economics – (Price To Retailer – ₹110)
  Contribution Margin – 24%
  Retailer Margin – 8%
  Branding- 15%
  Other Expenses – 45%
  Profit – 8%
• The Honest Home Unit Economics Online-(Selling Price – ₹200)
  Contribution Margin – 17%
  Making Cost – 28%
  Amazon Commission – 18%
  Misc & Delivery Other Expense) – 37%

The Honest Home Sales Year Wise

• FY 2019 – 2020 – ₹1.82 crore
• FY 2020 – 2021 – ₹2.89 crore
• FY 2021 – 2022 – ₹4.9 Crore
• FY 2022 – 2023 – ₹13.8 crore
• September 2023 – ₹1.42 crore

The Honest Home Sales Split

• Offline – 55%
• Online – 45%

The Honest Home Shark Tank India Business Equity Structure

Near Founder Mayank Sisodia 80%Equity In which their initial investment is ₹1.25 crore And 3 friends Near ₹1 crore investment Equity is 20%.

The Honest Home Shark Tank India Business Final Deal

The Honest Home Business Founder Mayank Sisodia with Shark Amit Jain ₹1 crore for 3% equityCompany Valuation – Deal finalized at ₹33.33 crore.

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Conclusion

The Honest Home Shark Tank India Discuss with reasons whether you would invest in this business or not. Try testing similar business products with these Shark Judge comments.

To learn from the Business Entrepreneur's point of view, keep watching their upcoming updates to know about the development of this business, which will give you an opportunity to understand the Business Journey.