Namhya food is a startup that was recently featured in Shark Tank India. This article is going to focus on Namhya Foods Shark Tank, Namhya foods amazon, Namhya foods Pvt ltd, namhya foods review, namhya foods net worth, namhya foods turnover, and namhya foods funding.
You can have a glimpse at the table of contents.
Introduction to the Pitch
This pitch is started by describing how many medicines we eat. If we are suffering from headaches or sore throats we go for pills. Have you ever thought what are the side effects of eating this many pills, If not then here is the answer for you?
Out of every 12 persons in India 1 is suffering from Diabetes or pre-diabetes, Out of 5 Girls, 1 has PCOD or PCOS. There is a quote “Every Disease starts at a gut” but the founder of Namhya believes that every disease can end at the Gut too.
Namhya Foods | Shark Tank India
Namhya was born to end these problems and Ridhima Arora is the founder of Namhya Foods. She belongs to Kashmir. Namhya Foods is India’s first ayurvedic brand in preventive healthcare. They make Tea blends, Breakfast cereals, and Lattes which are easily blended. The USP is that they use no preservatives and these are directly sourced from Farmers. You will be amazed to know that these all recipes are 70+ years old.
Ridhima Arora’s aim is to make this company India’s first Ayurvedic brand which should be known and trusted globally.
| Company Name | Namhya Foods |
| Founder | Ridhima Arora |
| Valuation | Rs 20 Crores |
| Funding Asked | 1 Crore for 5% Equity |
| Funding Granted | 1 Crore at 10% Equity (50 Lakhs Debt) |
| Investor | Aman Gupta ( Founder and CMO Boat) |
| Business Category | Medical and Ayurvedic products |
| TV Show | Shark Tank India |
| Episode | Season 1 Episode 23 |
| Date | 19 January 2022 |
What is the ask for funding and Valuation of Namhya Foods?
Ridhima Arora has asked for funding of Rs 1 Crore in exchange for 5% Equity. The valuation of Namhya foods is Rs 20 Crores.
What is the meaning of Namhya?
Ridhima who is the founder of this startup believes in spirituality. She practices Buddhism and there is the word Namhyo in it from where the word Namhya is derived She received many positive reviews from consumers and she wants to make this brand as human consciousness.
QnA | Sharks asks Namhya Foods | Shark Tank India
What is special about their Tea?
Ridhima has researched in which she came to know that people do not eat any ayurvedic medicine for diabetes. They only eat pills after getting diagnosed with Diabetes. Namhya Foods will make this product easily understandable for the Indian audience.
The medicinal benefit of tea is the key point. This is a trait secret as it can not be copied easily. This tea is sourced very trickily.
Is this scientifically proved?
No, as you cannot prove the Ayurveda things in science. The biggest proof they are having is their testimonials and reviews from the customers. More than 100 Girls Ridhima has personally talked with them confirming the results.
Their website is having 36% of their sales revenue and you will be amazed after hearing the repeat customers as there are 50% of people who come back and buy products from them.
What is the biggest problem?
They are very tired of going to different platforms to list their product.
How much money Founder has invested in the Business?
Ridhima who is the founder of this business has invested Rs 20-25 Lakhs.
How pricing is done?
Tea which they sell for 579Rs costs to them for 125Rs including the working operations.
How many sales they have done?
In the last 6 months, they have made sales of Rs 56 Lakhs and in the last month the number itself showed to Rs 16 Lakhs. Their net profit margin is 34%.
Why does she need 1 Crore?
Ridhima needs to hire people and she wanted sharks as they will act as a mentor for marketing.
1:1 | Sharks investing in Namhya Foods | Shark Tank India
Ashneer Grover
He is not having any interest in the health sector but when he scrolls Instagram he sees 20 Products When he has evaluated brands early and they got stuck at 5-6 Crores annually so he is out.
Peyush Bansal
He agrees with Ashneer as the issue of uniqueness will remain the same which will act as a barrier to scalability. Nothing big will happen with 1-2 Crores so for this reason, he is out.
Vineeta Singh and Anupam Mittal
As an entrepreneur, she appreciated Ridhima Arora. Vineeta Singh and Anupam Mittal together gave an offer to Namhya Foods in which they said that this business does not require 1 crore as equity.
Offer- They will give Rs 50 Lakhs for 30% Equity and Rs50 Lakhs as debt.
Aman Gupta
He offered the brand a very exciting offer which made Vineeta and Anupam shocked.
Offer- He will give Rs50 Lakhs for 15% Equity and Rs50 Lakhs as Debt.
Counteroffer from Namhya Foods
Ridhima stated that she was already having an offer with a valuation of Rs12 Crores so she asked Aman to reduce equity to 7%.
Where the deal closed?
Aman Made the last offer in which he offered Rs 50 Lakhs in exchange for 10% Equity and Rs50 Lakhs as debt.
Ridhima Asked to reduce the equity to 8% and increase it to 8.5%
Aman did not reduce and the deal closed at Rs 50 Lakhs for 10% Equity and Rs50 Lakhs as debt.
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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