What Happened to Hoora After Shark Tank India?

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What is Hoora?

Hoora is a doorstop car & bike care application. It is a mobile application that lets its users book car & bike washing services at home. This takes off the hassle of taking your car to the garage yourself. You can get the service anytime and anywhere.

Hoora has reduced water consumption by five times for washing cars. There are more than 15,000 car washing centers in India. They use 1 Crore liters of water every single day.

So, this startup is not only making your life more comfortable but also, it’s being environmentally friendly at the same time. It has saved 15 Lakh liters of water in 1 year.

The services Hoora offers,

  1. Seat deep cleaning
  2. Full deep cleaning & coating
  3. Interior only
  4. Interior & exterior pressure
  5. Waterless Interior & exterior
  6. Interior & exterior underbody
  7. Car wash & coating
  8. Bike cleaning & coating

Who is the Founder of Hoora?

Yashwant Budhwani & Harsh Somani are the founders of Hoora. The founders met each other in a Y-Combinator.

Hoora Before Shark Tank India?

The app has been downloaded more than 1 Lakh times. The Hoora head office is based in Nagpur. They are currently focused on deep cleaning of the car.

It has 9k followers on Instagram.

The market size for car wash services ranges from ₹3,000 ~ ₹4,000 Crores. Currently, Hoora is doing 2000 services per day.

How much money did they ask for on the pitch?

They came to Shark Tank India seeking ₹80 Lakhs for 2% equity in the company Hoora. Which gives the company a valuation of ₹40 Crores.

How much money did they raise for Hoora?

TimeMoney RaisedValuation
April 2022₹5 Lakhs
October 2022₹14 Lakhs₹5 Crores
March 2023₹47.5 Lakhs₹5 Crores

How to get Hoora?

You can easily download the application from the Google Play Store & Apple Store. When you order a service using the application, a service partner will come to your place with his proprietary backpack.

The initial investment for a service partner is ₹3 Lakhs for 2 cleaning kits.

The backpack contains a vacuum cleaner & a pressure washer. The pressure washer and the power source are built by Hoora. It also has a patent on it.

Earning of service partner

Before Hoora₹15,000 ~ ₹20,000
With Hoora₹35,000 ~ ₹40,000

Unit Economics of Hoora

The price of Hoora starts from ₹99. Their minimum order value is ₹200. Their average order value is ₹400.

Service Partner margin25%
Kit cost15%
Gross margin60%
Other expenses15%

Hoora with 300 service partners

Average daily sales per partner₹1500
Daily commission per partner₹225
Daily Commission₹80,000
Monthly Commission₹24 Lakhs

What are the Monthly Sales of Hoora?

Currently, their monthly sales are ₹31 Lakhs. They’re growing 100% every quarter.

What are the Annual Sales of Hoora?

Fiscal YearSales
2023 – 2024 Q1₹40 Lakhs
2023 – 2024 Q2₹90 Lakhs Projected

Which shark gave Hoora an offer?

Anupam Mittal was out. He advised them to redirect their energy to something else. He advised them to not pursue this car washing startup any further.

Amit Jain was out. He didn’t understand the business fully.

Namita Thapar was out. She thought the business would be hard to scale.

Aman Gupta was out. He liked the founders. But he wasn’t sure whether this business could multiply his money or not.

Vineeta Singh was out. She didn’t think the TAM was lucrative enough.

What deal did Hoora get in Shark Tank India?

Hoora didn’t get any deal in Shark Tank India.

Company Name Hoora
Founders Yashwant Budhwani & Harsh Somani
Asked Amount ₹80 Lakhs for 2%
Final Deal No Deal
Shark No Shark
Company Net Worth ₹40 Crores
Company Website hoora.in
Company Status In Business

What is the net worth of Hoora?

The net worth of Hoora is ₹40 Crores.

Is Hoora still in Business?

Yes, Hoora is still in the car servicing business.

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