Honest Home company is a renowned startup which consist of group of change making individual fully determinant to find innovative solution that make it easy for people like us to find more sustainable solution for eco-friendly products.
This blog post is all about the new Indian startup in town, “The Honest Home Company.” Here, we’ll discover everything about the company, its products, net worth, reviews, it’s revenue and more.
The topics covered in this blog have been extensively researched and sourced from reputable websites. I can guarantee that the information collected after days of research will provide you with detailed insights into the inner workings of the company.
The Honest Home company starting year, Back ground And History:
Table of Contents
- 1 The Honest Home company starting year, Back ground And History:
- 2 the honest home company owner-founder Profile On LinkedIn:
- 3 the honest home company shark tank:
- 4 the honest home company revenue:
- 5 the honest home company net worth and financial Performance:
- 6 Honest home company product Reviews:
- 7 Future Outlook and Growth Plans:
- 8 FAQ question:
So the company was founded in year 2019 by Mayank Sisodia his main objective for starting the was that he wanted to make a eco-friendly company as because when he was child he was fascinated by nature and wanted to do something when he grew up.
Early Years and Milestones:
While making this Company they have faced three major milestones they are:-
- They were not able material that is both durable and eco-friendly then plastic.
- The cost of eco-friendly product used in the product was to high.
- The product couldn’t keep heat as well as plastic because plastic comes from a compound called polymer, which holds heat better.
They faced some big challenges while making the product but these three listed above was the major one but even though they have achieved some important milestones as they were building there company.
Evolution and Growth of company:
The Honest Home Company has shown tremendous sign of growth and evolution if we talk about the growth of the company they they have excelled from achieving an annual sales of Rs 1.82 Cr in FY 20 to Rs 13.8 Cr in FY 22-23 and by the end of FY 24-25 they are projecting to achieve the annual sales Rs 50 Cr.
And now if we talk about the company evolution then the company has pivoted from only selling home sanitary product with also selling of pet sanitary product this shift will definitely help them to capture large audience.
the honest home company owner-founder Profile On LinkedIn:
Mayank Sisodia has a lot of experience in the FMCG (Fast Moving Consumer Goods) industry. If we talk about his key skill then he is good at selling stuff, researching markets, finding new business opportunities, coming up with marketing plans, and figuring out what the competition is up to.
Experience of the founder of the honest home private limited company:
In this part we will be discussing about the career profile,degree and some more related information about the founder of The Honest Home PVT.LTD. company. According to his LinkedIn profile the Founder(Mayank Sisodia)has worked in two company having a total work experience of 7.2 year’s.
Parle(Company 1):
| Position | Company | Duration | Location | Key Responsibilities |
|---|---|---|---|---|
| Sales Officer | Parle Products Pvt. Ltd | 10 mos | Bihar, India | Generating primary and secondary sales, achieving parameters beyond sales targets, appointing and servicing distributors, monitoring territory development, and conducting competitor mapping. |
Unilever(Company 2)
| Position | Company | Duration | Location | Key Responsibilities |
|---|---|---|---|---|
| Sr. Key Account Executive | Unilever | 6 yrs 9 mos | New Delhi Area | Establishing Premium Retail System in Delhi/NCR, ensuring premium outlets receive excellent service and maximum visibility for HUL products. Leading a team, achieving significant turnover, focusing on market share and in-store promotion. Converting Chemist channel to Premium Channel. |
| Key Account Executive (KAE) | Unilever | 2 yrs 5 mos | Siliguri | Working with a major customer, resolving trade union issues, doubling food business, brand growth, achieving double-digit growth in HHC category, managing a sizable team, and expanding coverage in North Bengal. |
| Territory Sales Officer (TSO) | Unilever | 2 yrs 8 mos | Bihar, India | Worked on HUL’s express project with Tata Docomo, launched project in Katihar, Bihar. |
Education of founder:
| Education | Institution | Degree | Duration |
|---|---|---|---|
| Master of Business Administration (MBA) | Jaipuria Institute of Management | Marketing | 2008 – 2010 |
| Bachelor’s degree | D.A.V. College, Chandigarh | Computer Science | 2004 – 2007 |
| Schooling | Saraswati Vidhya Mandir | Secondary and Higher secondary | 2002 – 2003 |
Degree’s of the Honest Home company Owner:
Mayank Sisodia who is currently the founder of “The Honest Home Private Limited Company”according to LinkedIn has four degree:
- 10th/12th degree
- Bachelor’s degree
- Master of Business Administration (MBA)
the honest home company shark tank:
In this section of the blog, we dive into the compelling journey of The Honest Home Company as they stepped into the spotlight of Shark Tank India. We will be exploring the pivotal moments from their initial pitch to the Sharks, the reactions of shark, the negotiation process leading to deal closure, and the subsequent trajectory of the company post-funding.
Appearance of Honest Home Company in Shark Tank:
The Honest home company first appearance was found in “Season 3 of Shark Tank India” which was released in January,2024 even though the company started in the year 2019.
Founder Mayank Sisodia’s Ask: From Shark Tank India Pitch to Deal Closure along with its valuation:
In this section of the blog, we’ll talk about the funding deal on Shark Tank India, covering what the entrepreneurs asked for, what funding they actually got, and the valuation they received.
Original ask in shark tank for this company:
The original ask of founder was:
| Original Ask |
|---|
| Fund in Rupees: ₹ 1 Crore |
| Equity: 2% |
| Valuation: 50 Crores |
Key take away’s:
- The entrepreneurs sought ₹ 1 Crore investment.
- They offered a 2% equity stake in their company in exchange.
- The valuation of their company was ₹ 50 Crore.
Deal they received in shark tank
| Deal they have received |
|---|
| Fund in Rupees: ₹ 1 Crore |
| Equity: 3% |
| Royalty: 1% until ₹ 1.5 Crores are recouped |
Key take away’s:
- They requested ₹ 1 Crore in funding.
- In return, they offered 3% equity in their company.
- Additionally, they proposed to pay a 1% royalty until ₹ 1.5 Crores are recouped.
Post-Shark Tank Success:
The honest home co. is growing with a tremendous high pace and is expected to achieve a great heights by the end of financial Year 2024-2025.
the honest home company revenue:
The revenue for the Financial year 2023 as of Jan 31, 2024’s latest post-round ownership report by Hindustan Times, Founders hold 58.93% at a net worth of Rupees 20.2Cr.
Now let’s have a look on year on year annual revenue split of the honest home company to check if the company is making money or not for that I have prepared the table which represent the data of annual split from year 2019-2023.
| Financial Year | Annual Sales (in Crores) |
|---|---|
| FY19-20 | ₹ 1.82 Cr |
| FY20-21 | ₹ 2.89 Cr |
| FY21-22 | ₹ 4.9 Cr |
| FY22-23 | ₹ 13.8 Cr |
An for the year 2024-2025 they are projecting to achieve a revenue of 40-50 Crores.
the honest home company net worth and financial Performance:
For correctly predicting the Net Worth of Honest Home company.There are three key factor’s that we should have our eye’s on first is Revenue,Second is Funding and Investor who has invested and acting as a back support for the company,third is there competitors fifth Latest share holding and last is its valuation. So Let’s start.
Funding and Investor :
How many funding rounds has Honesthome completed and what’s their total raised amount?
Till now they have conducted 2 rounds and raised a total funding of $445K.In first round was conducted in Jul 18, 2022 while the second round was conducted in 25,2024for the total amount of $144K.
Funding round and invested amount table
| Date of funding | Funding Amount | Round Name | Investors |
|---|---|---|---|
| Jan 25, 2024 | $144K | Angel | Puru Gupta, Amit Jain, and 6 more |
| Jul 18, 2022 | $301K | Angel | Rohit Anand, Sachin Goel, and 1 more |
Revenue :
Till now as of the revenue for the Financial year 2023 is concerned on Jan 31, 2024’s latest post-round ownership report by Hindustan Times, Founders hold 58.93% at a net worth of Rupees 20.2Cr.
Now only that after the Investment and guidance of Shark the company is expecting to achieve 40-50 Crore in revenue by the end of financial year 2024-2025.
Valuation:
According to the recent information about the company ,the “Honest Home company” Valuation is approx 80-90 Corer in the year 2024 and by it’s performance it is expected to grow by at-list 10 to 20 time’s.
If we have a look to this table below us then you see the latest share holding of all the investors in the company The Honest Home.
Now if you see till now the majority share holder of the company is still in the hands of the founder that is 58.93%,moving to the next major share holder that comes under category of other Investors is 18.24%,angel holds 12.90% and ESOP Pool hold 9.65%.
| Shareholders Name | Post Round Holding % | Net worth |
|---|---|---|
| Founder | 58.93% | ₹ 20.2 Cr |
| Fund | 0.27% | ₹ 9.21 L |
| Angel | 12.90% | ₹ 4.42 Cr |
| Other Investors | 18.24% | ₹ 6.24 Cr |
| ESOP Pool | 9.65% | ₹ 3.3 Cr |
| Total | 99.99% | ₹ 34.2 Cr |
Net worth Breakdown of Honest Home company according to the table:
- Founder: Their net worth is ₹20.2 Crore, indicating the total value of their ownership in the company.
- Fund: With a net worth of ₹9.21 Lakh, the Fund’s ownership in the company translates to this monetary value.
- Angel: The Angel investor’s net worth stands at ₹4.42 Crore, reflecting the value of their ownership stake.
- Other Investors: Their combined net worth is ₹6.24 Crore, representing the total value of their collective ownership in the company.
- ESOP Pool: The ESOP Pool’s net worth is ₹3.3 Crore, indicating the total value of the employee stock options allocated for the company’s employees.
- Total: The cumulative net worth of all shareholders combined is ₹34.2 Crore, reflecting the total value of ownership in the company held by various stakeholders.
Competitors :
Honest home company has two competitors, and it’s ranked second among them. One of its competitors has received funding. Together, Honest Home Company and its competitors have raised over $445,000 in funding through two funding rounds with 11 investors. None of the companies in this competition set are private unicorns.
Comparison table between Honest home and his competitor:
| Data to compare | The Honest Home Company | Refillable Company |
|---|---|---|
| Description | Internet first brand of natural home care products | Platform offering home care liquids with refillable containers |
| Founded Year | 2019 | 2020 |
| Location | Sonipat (India) | Mumbai (India) |
| Company Stage | Seed | No data |
| Funding Raised | $445K | No data |
| Unicorn Rating | – | – |
| Total Funding | $445K | No data |
| Funding Rounds | 2 | No data |
| Latest Round | Angel, $144K, Jan 25, 2024 | No data |
| Investor Count | 10 | 1 |
| Top Investors | 10 others | Third Derivative |
| Overall Rank | 2nd | 1st |
Refillable company provides home care liquid with refillable containers started in 2020 but still the overall ranking is higher then Honest Home company which started in 2019.
These four factors directly and Indirectly effects the net worth of company by correctly analysing and controlling this parameters The honest home corporation can drastically increase its net worth.
The current net worth of the company is around 80-90 Crores for FY23 and it is expected to increase it’s net worth by the end of financial year 2024-2025
Honest home company product Reviews:
If we talk about the product of Honesthome company the first thing that comes to mind is eco-friendly. This company is basically focusses in making natural based eco-friendly product that not only saves nature but also help us to keep our home clean.Now they have recently launched a new product line of pet care product.
Now we will be only talking about the The Honest Home PVT.LTD. company best sellers in Amazon:
| Product Name | Price | Rating |
|---|---|---|
| Powder to Liquid Hand Wash | Rs 179 | 4 star |
| Kitchen Tissue | Rs 265 | 3.5 star |
| Soft Facial Tissue | Rs 399 | 4 star |
Customer Review of product:
These three product listed in the table are the best seller product of Honest Home company in Amazon the biggest market place in INDIA as well as world.If we talk about customer view on the product then we can say that customer is liking the product especially Powder to Liquid Hand Wash and Soft Facial Tissue.
Future Outlook and Growth Plans:
Now at last if we look at futuristic outlook and growth plans of The Honest Home company then I can definitely say that it will grow up to be a big company because due to pollution earth is getting degraded day by day to save our earth and Us.
We will definitely have to move to eco-friendly solution the future is all about eco-friendly product and solution.
FAQ question:
Who is the owner of the honest home company?
Mayank Sisodia is the owner and founder of Honest Home Company since 2019.
What is The Honesthome Company Revenue?
The current revenue is 20.4 Crore as of 2023 and the expecting revenue is 40-50 Crore by the end of financial year 2024-2025.
In which season did The honest home Co. appeared in shark tank?
The honesthome company appeared in season 3 of shark tank in year January,2024
If you like to read blog like this then then go to my previous post where I have talk about one another brand Heart up my sleeve brand so make a visit to that blog too
