What Happened to Honey Twigs After Shark Tank India?
What is Honey Twigs?
Honey Twigs is a honey brand that lets people have honey anytime anywhere with its unique packaging. All you have to do is tear, squeeze, and eat the honey.
All the honeys are ethically sourced and lab-tested. Honey Twigs makes honey consumption easy and mess-free. It makes honey portable. 1 honey twig sachet contains 1 tablespoon of honey.
Their USP is packaging and different flavors.
In the natural variant, Honey Twigs offers,
- Natural litchi honey
- Natural Himalayan honey
In the infused variant, Honey Twigs offers,
- Lemon infused honey
- Ginger infused honey
- Cinnamon infused honey
- Vanilla infused honey
- Turmeric infused honey
One can purchase gift packs from Honey Twigs also.
Who is the Founder of Honey Twigs?
Jigar Mehta, Paras Fatnani & Prafull Dwivedi are the founders of Honey Twigs.
Equity split of Honey Twigs
| Jigar Mehta | 36% |
| Paras Fatnani | 36% |
| Prafull Dwivedi | 5% |
| Strategic Investors | 13% |
| Angels | 10% |
Honey Twigs Before Shark Tank India?
Honey Twigs is available in 9 countries. Honey Twigs form relationships with beekeepers. They teach these beekeepers the ethical way of collecting honey. They have full control of the entire process. The packaging Honey Twigs does is manufactured in-house.
How much money did they ask for on the pitch?
They came to Shark Tank India seeking ₹75 Lakhs for 3% equity in the company Honey Twigs. Which gives the company a valuation of ₹25 Crores.
How much money did they raise for Honey Twigs?
They raised ₹2 Crores in 2 rounds.
| Time | Money Raised | Valuation |
| 2017 | ₹50 Lakhs | ₹2.77 Crores |
| 2020 | ₹1.5 Crores | ₹12 Crores |
Also, Prafull invested ₹1 Crore for 5%.
How to get Honey Twigs?
You can get Honey Twigs on their own website. They are also available in different marketplaces. You can buy them in retail stores too.
Price of Honey Twigs
| Brands | Price per 250gm |
| Honey Twigs | ₹200 |
| General Brand | ₹100 ~ ₹120 |
| Premium Brand | ₹300 ~ ₹350 |
Sales split of Honey Twigs
| Domestic | 65% |
| International | 35% |
Monthly Sales of Honey Twigs
| Month | Sales |
| June 2023 | ₹55 Lakhs |
| July 2023 | ₹18 Lakhs |
| August 2023 | ₹35 Lakhs |
| September 2023 | ₹35 Lakhs |
What are the Annual Sales of Honey Twigs?
| Fiscal Year | Annual Sales | Net Margin |
| 2020 – 2021 | ₹1.3 Crores | |
| 2021 – 2022 | ₹2.6 Crores | 7.5% |
| 2022 – 2023 | ₹4 Crores | 4% |
| 2023 – 2024 | ₹6 ~ ₹9 Crores | 3% |
Which shark gave Honey Twigs an offer?
Aman Gupta offered them ₹45 Lakhs for 3% & ₹30 Lakhs debt at 10% interest for 2 years.
Vineeta Singh offered them ₹75 Lakhs for 4%.
Anupam Mittal & Ritesh Agarwal offered them ₹75 Lakhs for 3%. Just the thing they asked.
Peyush Bansal joined Anupam Mittal & Ritesh Agarwals’ team.
Vineeta Singh & Aman Gupta gave a combined offer. They offered ₹75 Lakhs for 4%.
| Offer 1 | Offer 2 | Offer 3 | Offer 4 |
| Aman Gupta – ₹45 Lakhs for 3% & ₹30 Lakhs debt at 10% interest | Vineeta Singh – ₹75 Lakhs for 4% | Peyush Bansal, Anupam Mittal & Ritesh Agarwal – ₹75 Lakhs for 3% | Vineeta Singh & Aman Gupta – ₹75 Lakhs for 4% |
What deal did Honey Twigs get in Shark Tank India?
Honey Twigs got a deal from Peyush Bansal, Anupam Mittal & Ritesh Agarwal. The deal was ₹75 Lakhs for 3%. The dream deal.
| Company Name | Honey Twigs |
| Founders | Jigar Mehta, Paras Fatnani & Prafull Dwivedi |
| Asked Amount | ₹75 Lakhs for 3% |
| Final Deal | ₹75 Lakhs for 3% |
| Sharks | Peyush Bansal, Anupam Mittal & Ritesh Agarwal |
| Company Net Worth | ₹25 Crores |
| Company Website | honeytwigs.co |
| Company Status | In Business |
What is the net worth of Honey Twigs?
After the three-shark deal in Shark Tank India, the net worth of Honey Twigs is ₹25 Crores.
Is Honey Twigs still in Business?
Yes, Honey Twigs is still doing business in the honey segment.
