What Happened to The Health Factory After Shark Tank India?
What is The Health Factory?
The Health Factory is a protein bread brand. The founders made the bread with the help of an international food technologist.
The protein bread has low fat and low sugar. It has 0 cholesterol. It doesn’t have any trans-fat. It has 20% less carbs than other breads. It has 300% more protein than other breads.
Who is the Founder of The Health Factory?
Vinay Maheshwari & Mohit Sankhala are the founders of The Health Factory. They are cousins.
The Health Factory Before Shark Tank India?
They started the company in 2018.
The Health Factory is available in more than 100+ retail stores. Currently, Mumbai and Pune have these breads. The bread industry in India is ₹8000 Crores.
How much money did they ask for on the pitch?
They came to Shark Tank India seeking ₹75 Lakhs for 2.1% equity in the company The Health Factory. Which gives the company a valuation of ₹35.71 Crores.
How much money did they raise for The Health Factory?
They raised ₹1.83 Crores in May 2020 in ₹12.5 Crores pre-money valuation. They diluted 14.1% of the company.
How to get The Health Factory?
You can get the protein bread from their website. It’s also available in different marketplaces. You can also buy them from retail stores if you live in Mumbai or Pune.
You can take a subscription on the website. After making the bread, you will get them fresh at your doorstep if you take a subscription.
Unit Economics of The Health Factory
| Packaging + Raw materials | 32% |
| Manufacturing | 12% |
| Gross margin | 56% |
The monthly burn is ₹6 Lakhs. Wastage is 12% ~ 15%.
Price of The Health Factory bread
| Brand | Weight | Price |
| Other brands | 350gm ~ 400gm | ₹40 ~ ₹50 |
| The Health Factory | 250gm | ₹60 |
What are the Annual Sales of The Health Factory?
| Fiscal Year | Annual Sales |
| 2019 – 2020 | ₹75 Lakhs |
| 2020 – 2021 | ₹60 Lakhs |
| 2021 – 2022 | ₹90 Lakhs |
| 2022 – 2023 | ₹4.5 ~ ₹5 Crores |
Which shark gave The Health Factory an offer?
Namita Thapar was out. She’s already an investor in a different bread company (The Bread Company). She’s out due to a conflict of interest.
Anupam Mittal was out. He didn’t consider their bread healthy. It’s against his policy to invest in such companies that have questionable health claims.
Vineeta Singh was out.
Peyush Bansal was out.
Aman Gupta was out. He thought their execution capability was not up to the mark at the moment.
What deal did The Health Factory get in Shark Tank India?
The Health Factory didn’t get any deal in Shark Tank India.
| Company Name | The Health Factory |
| Founder | Vinay Maheshwari & Mohit Sankhala |
| Asked Amount | ₹75 Lakhs for 2.1% |
| Final Deal | No Deal |
| Shark | No Shark |
| Company Net Worth | ₹35.71 Crores |
| Company Website | www.thehealthfactory.in |
| Company Status | In Business |
What is the net worth of The Health Factory?
The net worth of The Health Factory is ₹35.71 Crores.
Is The Health Factory still in Business?
Yes, The Health Factory is still in the healthy bread business.
