This is a story on Hair Original that got featured in Shark Tank India recently in Episode 22. They sell Hair Extensions and this article will focus on hair original shark tank, hair original india website, hair original shark tank india, hair original extensions, hair originals india price, and shark tank india.
Introduction to the Pitch
Hair originals started their pitch by describing the silky hair, beautiful eyes, and how people are living with these. You all might have heard about hair in old poems and Bollywood songs. But nowadays lifestyle issues like stress, pollution, and terminal issues. Hair loss has become a very serious issue and millions of people are struggling with this.
What if we had a magic mirror in which we can see ourselves in the way we want us to look. So far the magic mirror has only been imagination but today Hair Originals has made this fantasy into reality.
Read This- How do Sid07 Designs take 47 Lakhs as funding from Shark Tank India? | Under20s
What are Hair Originals?
| Company Name | Hair Originals / hairoriginals |
| Founders | Piyush Wadhwani, Jitendra Sharma, and Ashish Tiwari. |
| Valuation | Rs 30 Crores |
| Investors | Ashneer Grover, Peyush Bansal, and Anupam Mittal |
| TV Show | Shark Tank India |
| Episode | Season 1 – EPISODE 22 |
| Funding Demanded | Rs 60 Lakhs for 2% Equity |
| Funding Granted | Rs60 Lakhs for 4% Equity |
| Business Category | Hair Extension |
| Website | Home | Hair Originals India |
Hair Originals is India’s first-ever brand that manufactures 100% natural hair extensions. They have different kinds of hair extensions like permanent hair extensions which are in high demand in the market, Temporary extensions which are DIY Extensions, and the third one are Wigs. Hair naturals manufacture all of these extensions and make them reach their end consumer.
Every year raw material of hairs worth millions and billions is exported to the entire world because India is the only ethical source of hair. Those ethical sources are our temples where people donate their hair.
The vision of this startup is to turn Hair Originals into a global brand by being on this ethical source and making their product reach people all over the world.
How you can get Hair Extension from Hair Originals?
If a small-town girl of Uttar Pradesh wants to get permanent hair extensions done then she can visit their website and can purchase any of her favorite extensions and along with that, she can choose a saloon located in Aligarh from where she can get free of cost hair extension done. This means an end-to-end solution at a price of one-third of the market price.
Who are the co-founders of Hair Originals?
This brand is co-founded by Piyush Wadhwani, Jitendra Sharma, and Ashish Tiwari.
Hair Originals demanded funding from Sharks | Ask Shark Tank India
This startup has asked Rs 60 Lakhs in exchange for 2% Equity as it has a valuation of Rs30 Crores.
QnA | Shark Tank India | Hair Originals
You might be surprised to know that the B to C cost of Hairs in the US market is more than that of silver. This is high value and high margin product.
Can it replace the Hair Color?
Yes, these hair extensions can replace the Hair color market because when a female applied the hair color of a good brand even after that eventually, to some extent. The bright colors can not get into the dark hairs.
What are the sales of this business?
They have started just before covid in 2019. In the last five months, they have a sales figure of 2.5 Crores. In last month they have clocked 55 Lakhs.
They source the hairs primarily from Temples in South India and manufacture in Gurgaon. They have gross margins around 60-65%
They earn Rs 7.5- 8 Lakhs in a month
Sharks investing in Hair Originals | Shark Tank India
Aman Gupta and Vineeta Singh
They both offered them Rs60 Lakhs in exchange for 6% Equity at the valuation of 10 Crores The original ask of business was Rs 60 Lakhs in exchange for 2% Equity.
Anupam Mittal, Peyush Gupta, and Ashneer Grover
These three sharks offered that hair startup Rs 60 Lakhs in exchange for 5% Equity.
Counter Offer from the Brand
They wanted 4% in exchange for the same amount and Aman Gupta matched their offer.
They asked Ashneer, Anupam, and Peyush whether they could also match their offer.
Where did the deal get closed?
Anupam Mittal, Ashneer Grover, and Peyush Bansal closed the deal at 4% Equity in exchange for Rs60 Lakhs.
You can read the Biographies of Sharks here
- Aman Gupta Biography
- Ashneer Grover Biography
- Vineeta Singh Biography
- Anupam Mittal Biography
- Peyush Bansal Biography
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