{"id":3095,"date":"2025-01-21T13:41:16","date_gmt":"2025-01-21T13:41:16","guid":{"rendered":"https:\/\/awaraj.com\/indiasharktank\/?p=3095"},"modified":"2025-01-31T13:28:46","modified_gmt":"2025-01-31T13:28:46","slug":"hoora","status":"publish","type":"post","link":"https:\/\/awaraj.com\/indiasharktank\/2025\/01\/21\/hoora\/","title":{"rendered":"Hoora"},"content":{"rendered":"\n<p>Car\/Bike Wash<\/p>\n\n\n\n<p>App<\/p>\n\n\n\n<p>Season 3 Episode 18<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-text-link-color\">Brand<\/mark><\/strong><\/td><td>Hoora<\/td><\/tr><tr><td><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-text-link-color\">Company Name<\/mark><\/strong><\/td><td>HOORA TECHNOLOGIES PRIVATE LIMITED<\/td><\/tr><tr><td><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-text-link-color\">Founders<\/mark><\/strong><\/td><td>Yashwant Budhwani, Harsh Somani<\/td><\/tr><tr><td><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-text-link-color\">Original Ask<\/mark><\/strong><\/td><td>50 lakhs for 2% equity at the valuation of Rs. 25 crores<\/td><\/tr><tr><td><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-text-link-color\">Deal<\/mark><\/strong><\/td><td>No Deal<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><strong>About the Product<\/strong><\/p>\n\n\n\n<p>With the Hoora App, customers gain access to a suite of convenient car and bike care services right at their doorstep. Through the simple tap of a button, they can effortlessly schedule their next autocare appointment, enjoying the convenience of a washing center brought directly to them. From waterless exterior and interior cleaning to specialized services like car wash and coating, exterior and interior pressure washing, and even bike cleaning and coating, Hoora offers a comprehensive range of options. Their commitment to cost-effectiveness is matched only by their dedication to innovation, as they leverage cutting-edge technology and a forward-thinking business model to deliver these services seamlessly.<\/p>\n\n\n\n<p><a href=\"https:\/\/hoora.in\/\"><strong>hoora.in<\/strong><\/a><strong><\/strong><\/p>\n\n\n\n<p><a href=\"https:\/\/play.google.com\/store\/apps\/details?id=com.hoora.hoora_customer&amp;_branch_match_id=1286595043874902320&amp;utm_source=websiteappinstalltrack&amp;_branch_referrer=H4sIAAAAAAAAA8soKSkottLXz8jPL0osSU3O0EssKNDLyczL1i9PTSrOLEkF8jPziksSc3JKihKTswFarKIeMQAAAA%3D%3D&amp;pli=1\"><strong>GooglePlay<\/strong><\/a><strong><\/strong><\/p>\n\n\n\n<p><strong>Founders &amp; their story<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Yashwant Budhwani<\/li>\n\n\n\n<li>Harsh Somani<\/li>\n<\/ul>\n\n\n\n<p>Founders Yashwant and Harsh met at a Y incubator platform. Focusing on deep cleaning. Starting price Rs 99. Minimum order value Rs 200. Average order value = Rs 400. Wet and dry vacuum cleaner. Pressure washer, power source, patent filed. Average time taken = 1 hour. Time taken for deep cleaning = 3 hours. Initial investment = 3 lakhs for 2 kits. Earnings to service partners \u2013 with Hoora 35k to 40k a month, without hoora = 15k-20k a month. Price per kit = 80k. Onboarding fee = 80k one time (for service partners). Proprietary power source. Indian car wash services market size = 3k \u2013 4k crores. Total amount raised 66.5 lakhs.<\/p>\n\n\n\n<p><strong>About the company<\/strong><\/p>\n\n\n\n<p>Hoora offers cost-effective autocare solutions with the convenience of doorstep service, driven by their innovative technology and business model. Their signature bag-pack integrates high-powered tools and a self-contained power source, enabling waterless or pressure-wash cleaning, a departure from conventional methods reliant on cleaning vans or resource-intensive car wash centers. Through their mobile app, customers can effortlessly book and schedule professional services on demand. Hoora Green embodies a commitment to genuine sustainability. Their range of environmentally friendly services, including waterless car cleaning and pressure wash options, conserves up to 70% of water compared to traditional washing centers. They aspire to contribute to a sustainable future, empowering generations to come. The current take rate per service is X%. The current number of monthly services is 2000.<\/p>\n\n\n\n<p><strong>Revenue<\/strong><\/p>\n\n\n\n<p>The monthly sales amount to 31 lakhs, with a quarter-on-quarter growth rate of 100%. Sales for Q1 of FY 23-24 were 40 lakhs, and projected sales for Q2 are anticipated to reach 90 lakhs. The EBITDA stands at -5%, while the gross margin is 60%. August 2023 marked a profitability milestone. Currently, the monthly gross profit from services amounts to 1.2 lakhs.<\/p>\n\n\n\n<p><strong>Founders\u2019 Ask&nbsp;<\/strong><\/p>\n\n\n\n<p>50 lakhs for 2% equity at the valuation of Rs. 25 crores<strong>.<\/strong><\/p>\n\n\n\n<p><strong>No Deal<\/strong><\/p>\n\n\n\n<p><strong>Reasons for no deal<\/strong><\/p>\n\n\n\n<p>Anupam: The founders need to focus their energy on a real problem like saving water.<\/p>\n\n\n\n<p>Amit: He considers it difficult for the company to make money.<\/p>\n\n\n\n<p>Namita: Business difficult to scale.<\/p>\n\n\n\n<p>Vineeta: Scalability is a concern.<\/p>\n\n\n\n<p>Aman: Market and model is not yet defined.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"&quot;Hoora&quot; \u0928\u0947 Pressure Washing \u0938\u0947 \u0938\u093e\u095e \u0915\u0940 Cars | Ep 18 | Full Episode | Shark Tank India 3\" width=\"1290\" height=\"726\" src=\"https:\/\/www.youtube.com\/embed\/ZJYl49Ah7P0?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Car\/Bike Wash App Season 3 Episode 18 Brand Hoora Company Name HOORA TECHNOLOGIES PRIVATE LIMITED Founders Yashwant Budhwani, Harsh Somani Original Ask 50 lakhs for 2% equity at the valuation&hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-3095","post","type-post","status-publish","format-standard","hentry","category-indiasharktank"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.5 - 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