Entrepreneur Name – Hardik and Kashyap Joshi
About the Entrepreneur – Hardik was employed in the corporate world for a period of nine years. As a recreational activity, he decided to pursue beekeeping which was usually arranged by his company.
After three years of researching beekeeping, he felt confident enough to quit his job and focus on beekeeping.
Kashyap is his elder brother who has experience in pharmaceutical distribution for fifteen years. He is the director of the firm.
LinkedIn Profile – https://www.linkedin.com/in/hardikjoshi1/
| Brand Name | Honey Veda |
| Brand Website | https://www.honeyveda.in/ |
| Business Category | Pure and Natural Honey |
Innovation – Yes, Honey Veda Business produces single vegetable honey (Munka), thereby retaining the distinctive taste, purity, and aroma of incredible medicinal value honey in its most natural and unique form.
| Company Valuation | ₹3.33 Crores |
| Equity Asked | ₹75 Lakhs for 7.5% Equity |
| Deal Closed | Yes |
| Final Shark Tank Deal | ₹50 Lakhs for 20% Equity & ₹25 Lakhs Debt |
| Target City/Country | India |
| Total Addressable Market | INR 23.3 Billion |
| Product | Honey Products |
About the Product – At HoneyVeda, they utilize their own beekeeping practice to procure both mono and multi-floral honey such as Ajwain Honey, Lychee Honey, Eucalyptus Honey, and more.
Their capacity to work on more than 1000 bee colonies across multiple states in India allows them to breed bees and harvest bee products with care.
They ensure that honey is produced naturally, and place importance on honeybee welfare. In comparison to other players in the market, they have a complete value chain under their direct management.
Conclusion –
Hardik and Kashyap Joshi asked ₹75 Lakhs for 7.5% Equity. Sharks Anupam and Vineeta offered ₹50 Lakhs for 20% Equity & ₹25 Lakhs Debt. It concluded in a successful deal.
