What Happened to Haqdarshak After Shark Tank India?
India has more than 140 Crore people. Among that 90 crore people come from a low-income background. To help these people, the Indian government has 13,000+ schemes.
But these people aren’t tech-savvy. Also most of the time they don’t even know the existence of these schemes. They don’t get proper support from people so that they can file an application for these schemes.
Who is the Founder of Haqdarshak?
Aniket Doegar is the founder of Haqdarshak. He’s from Shimla.
What is Haqdarshak?
Haqdarshak has its own website and mobile application that people can use to become aware of these government schemes. In the last couple of years, Haqdarshak helped 25 Lakh people get these government schemes.
How much money did he ask for Haqdarshak?
Aniket wants to make sure every single needy person can benefit from these schemes. That’s why he came to Shark Tank India seeking ₹1 Crore for 0.5% equity in his company. Which gives the company a valuation of ₹200 Crores.
Aniket has digitized all the scheme information in 1 application. Now if a person just inputs his information in the application, he can instantly see how many government schemes eligibility he passed. Then he can apply from that list and get a scheme.
For citizens, they launched the Yojana card.
Haqdarshak has tons of citizen data, which can be a goldmine in the future. But the challenge in this business is the margin will be always low.
Haqdarshak has 50 centers in India. It has 3,000 active agents. These agents help these low-income people fill out their forms and documents. An agent can earn from ₹20,000 to ₹25,000 per month.
The company has 200 employees. It has an all-women CXO team.
Equity structure of the company
| Aniket | 34% |
| ESOP | 30% |
| Investors | 30% |
| Senior Management | 6% |
How much money did he raise for Haqdarshak?
Aniket raised 2 rounds of investments.
| Money Raised | Valuation |
| ₹1.25 Crores | ₹10 Crores |
| ₹6.6 Crores | ₹30 Crores |
What are the Annual Sales of Haqdarshak?
| Fiscal Year | Annual Sales |
| 2021 – 2022 | ₹15.5 Crores |
| 2022 – 2023 | ₹30 Crores |
Which shark gave Haqdarshak an offer?
Peyush Bansal was really impressed with the founder. He offered him ₹1 Crore for 2% equity.
Anupam Mittal thought in the future this thing will become easier with the government’s help. He wanted to help but he couldn’t match Peyush’s valuation that’s why he was out.
Vineeta Singh was out.
Aman Gupta & Namita Thapar offered ₹50 Lakhs for 1% equity and ₹50 Lakhs debt at 10% interest.
| Offer 1 | Offer 2 |
| Peyush Bansal – ₹1 Crore for 2% | Aman Gupta & Namita Thapar – ₹50 Lakhs for 1% equity and ₹50 Lakhs debt at 10% interest |
Aniket gave a counteroffer of ₹1 Crore for 1.5%.
| Company Name | Haqdarshak |
| Founder | Aniket Doegar |
| Asked Amount | ₹1 Crore for 0.5% |
| Final Deal | ₹1 Crore for 2% |
| Sharks | Peyush Bansal, Aman Gupta & Namita Thapar |
| Company Net Worth | ₹50 Crores |
| Company Website | haqdarshak.com |
| Company Status | In Business |
What deal did Haqdarshak get in Shark Tank India?
Finally, the deal got closed at ₹1 Crore for 2%, and it was a 3 Shark deal. Which gives the company a valuation of ₹50 Crores.
