Hood has raised INR 60 lakhs from shark tank season 2. Piyush and Aman invested in this startup. The pitchers asked for INR 1.2 crores for 0.2% equity of the company at a valuation of 600 crores.
Piyush and Aman gave a combined offer of 60 lacs for 0.54% equity of the company and 60 lacs as debt at a 12% interest rate at the valuation of 112 crores. And the deal was finalized with the same offer.
Also, Read Blue pea tea has raised INR 50 lakhs from shark tank season 2. Pitchers made an ask of ₹75 lakhs for 1% equity of the company at the valuation of ₹ 75 crores. Aman has invested in this startup.
About The Hood
The founder of the company are Abhishek Asthana, Jasveer Singh, and Deepak Kumar come from Goregaon. CEO of the company Jasveer Singh has done graduation in mathematics. Later, he also completed an MBA and came from a small village. Abhishek Asthana is from Lucknow. He has completed his engineering and also has an MBA degree. Deepak Kumar does the coding work and comes from Jammu.
The app was launched in June 2022. On Hood, anyone can share their thoughts using a pseudonymous username. Users can come here to make college groups, company groups or any other group by using their app’s most popular feature, the anonymous group. In this app, data is end-to-end encrypted. People can gather and share value-driven information.
Hood Business Statistics
In January 2022, they raised a funding round of 23 crores at a valuation of 112 crores. In less than 45 days, they hit 5 lakh users. It has 5000 groups, and Currently, 7.7 lakh users, 2.4 lakh active users monthly, 60000 daily active users and 6000 users post on Hood daily. Almost around 1800 new threads are created on Hood every day.
What Problem Does Hood Solve?
The hood is a new-age pseudonymous social network allowing users to share their true stories while hiding their real identities to express themselves freely. It is a platform for everyone to fearlessly speak the truth and discover reality. It does not let anyone know your identity. This means No one knows who you are on Hood. This app lets you quickly post local ads and discover events, people and places around you.
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