What Happened to Oye Happy After Shark Tank India?
What is Oye Happy?
Oye Happy is a gifting company that provides innovative entertaining naughty gift products for its customers. All the gifts are made in India.
Whether you want a gift for Valentine’s Day, anniversary, birthday, or any occasion Oye Happy has something in store for you.
Who is the Founder of Oye Happy?
Harsh Khemani & Varun Todi are the founders of Oye Happy. They are from Hyderabad. They are cousins.
Oye Happy Before Shark Tank India?
Oye Happy has a team of 50 members. They are constantly making new gifting products.
How much money did they ask for on the pitch?
They came to Shark Tank India seeking ₹50 Lakhs for 1% equity in the company Oye Happy. Which gives the company a valuation of ₹50 Crores.
How to get Oye Happy products?
You can get Oye Happy gifts on their brand website. The gifts are available in other marketplaces also.
Unit Economics of Oye Happy
| COGS | 20% |
| Marketing | 25% |
| Delivery | 5% |
| Technology | 15% |
| Salary | 20% |
| EBITDA | 15% |
The repeat rate is 15%.
What are the Annual Sales of Oye Happy?
| Fiscal Year | Annual Sales |
| 2021 – 2022 | ₹10.5 Crores |
Sales split of Oye Happy
| Website | 85% |
| Marketplaces | 15% |
Which shark gave Oye Happy an offer?
Amit Jain was out. He thought it would be difficult to scale the business in the long run.
Peyush Bansal was out. He didn’t see any growth in the business. He couldn’t find any way to help the business grow.
Namita Thapar was out. She thought the TAM was too small for the business.
Anupam Mittal was out. He thought building a brand in this category would be difficult. He thought they didn’t need any investment from any sharks.
Aman Gupta was out. He felt there’d be repeat issues in the business.
Also, the customer acquisition cost would be high always. That’s why he didn’t give any offer.
What deal did Oye Happy get in Shark Tank India?
The gifting company Oye Happy didn’t get any deal in Shark Tank India.
| Company Name | Oye Happy |
| Founder | Harsh Khemani & Varun Todi |
| Asked Amount | ₹50 Lakhs for 1% |
| Final Deal | No Deal |
| Shark | No Shark |
| Company Net Worth | ₹50 Crores |
| Company Website | www.oyehappy.com |
| Company Status | In Business |
What is the net worth of Oye Happy?
The net worth of Oye Happy is ₹50 Crores.
Is Oye Happy still in Business?
Yes, Oye Happy is still making people happy with their unique gifts.
