| Brand | Haqdarshak |
| Company Name | Haqdarshak Empowerment Solutions Private Limited |
| Founders | Aniket Doegar |
| Original Ask | Rs. 1 crore for 0.5% equity at a valuation of Rs. 200 crores. |
| Deal | Rs. 1 crore for 2% equity at a valuation of Rs. 50 crores. |
About the Product
Haqdarshak is a mobile & web platform that provides people with information about their eligibility & scheme applications. Once the user’s eligibility is confirmed, the app provides them with detailed information about the scheme or service, including the required documents and application process. Along with their agents’ network, it helps them until the last mile concerning application & document support.
Users can also fill out application forms directly on the app and track the status of their applications. This feature is particularly useful for people who may not have access to a computer or the internet and would otherwise have to visit a government office to apply for a scheme or service.
The platform is especially useful for people living in rural areas, where accessing government schemes and services can be challenging due to a lack of information and infrastructure.
They have recently launched a Yojana card, a first-of-its-kind, physical card that will help discover the welfare schemes one is eligible for and get the support one need to unlock the benefits. With this card, one’s eligibility information is securely saved to discover welfare schemes.
Haqdarshak also trains and empowers local entrepreneurs, called “Haqdarshaks,” to help people in their communities’ access government schemes and services. These Haqdarshaks are equipped with a mobile app and trained to provide personalized assistance to people who need help navigating the government schemes.
Founders & their story
Aniket Doegar
He started Haqdarshak in 2017 after witnessing how difficult it was for people to access government schemes and services, especially in rural areas. He always had a passion for social impact and wanted to use his skills and knowledge to make a difference in people’s lives.
Aniket’s inspiration for Haqdarshak came from his experiences working on a project that aimed to increase access to government services for people living in slums. He realized that there was a huge gap between the government’s intentions and the reality on the ground. Many people were unaware of the schemes and services available to them, and even if they knew about them, they often struggled to navigate the complex and bureaucratic system.
Haqdarshak’s mission is to bridge this gap by providing a one-stop shop for people to access government schemes and services. They do this by training and empowering local entrepreneurs, called “Haqdarshaks,” to help people in their communities.
About the company:
Haqdarshak is a mobile app established in 2017 to help people check people’s eligibility for various government schemes, fill out application forms, and track the status of their applications. Since its inception, Haqdarshak has helped over 2 million people access government schemes and services, ranging from healthcare to education to financial assistance.
The company’s vision is to scale it across India and make it the go-to platform for people to access government services. Aniket’s work with Haqdarshak has been recognized by several organizations, including the Ashoka Fellowship, the Forbes 30 Under 30 list, and the United Nations Development Programme (UNDP) Young Innovators Award.
They have more than 25,000 agents across 50 centres. They have helped more than 25 lakhs people & 50,000 micro businesses in getting government schemes in the last 6 years. The company currently has 200 employees, 3000 active agents, and 150 part-time agents, and they have already trained more than 25,000 agents.
Amounts Raised:
Rs. 6.6 crores at a valuation of Rs. 30 crores.
Rs. 1.25 crores at a valuation of Rs. 10 crores.
Revenue:
Their entire revenue model is B2B. They charge from corporate contacts. In FY 21-22, their revenue was Rs. 15.5 crores, and the projected sales are Rs. 30 crores.
Founder’s Ask
Rs. 1 crore for 0.5% equity at a valuation of Rs. 200 crores.
Offers:
Peyush offered Rs. 1 crore for 2% equity at a valuation of Rs. 50 crores.
Aman & Namita’s offer was Rs. 50 lakhs for 1% equity at a valuation of Rs. 50 crores & Rs. 50 lakhs in debt at 10% interest.
After Founder’s counteroffer, Peyush, Namita & Aman’s revised offer was Rs. 1 crore for 2% equity at a valuation of Rs. 50 crores.
Founder’s Counter Offer
Founder’s Counteroffer to Namita, Aman & Peyush was Rs. 1 crore for 1.5% equity at a valuation of Rs. 66.67 crores.
Final Deal
The deal was finalized with Namita, Aman & Peyush for Rs. 1 crore for 2% equity at a valuation of Rs. 50 crores.