• Founder: Aniket Doegar
• Business: Aviling Government Schemes
• Ask: ₹1 Cr. for 0.5% equity
• Valuation/Net Worth: ₹200 Cr.
• Funding: ₹ 1Crore for 2% Equity
• Sharks: Aman Gupta, Namita Thapar, and Peyush Bansal
• Episode: Season 2 Episode 6

Haqdarshak Shark Tank India Pitch:

Haqdarshak is a mobile and web platform that connects citizens to eligible government welfare schemes. They have 25,000 agents across 50 centers. In the last 6 years, they have helped 25 lakh people access government schemes and have also assisted 50,000 businesses with government schemes, with the total value of these schemes exceeding INR 5 Crore.

How the Haqdarshak App Works:

Haqdarshak agents ask citizens around 50 questions. After filling in all the information on the app, it checks their eligibility based on the provided information and generates a list of schemes they are eligible for.

Haqdarshak has 200 employees, 3,000 active agents, and 150 part-time agents. They provide training to 25,000 agents. Aniket holds 34% equity, ESOP owns 30%, investors hold 30%, and the remaining 6% is owned by senior management. In the first round, they raised INR 1.25 Crores at a valuation of INR 10 Crores, and in the second round, the company raised INR 6.6 Crores at a valuation of INR 30 Crores.

Haqdarshak follows a B-to-B model and primarily collaborates with corporations. The company has secured 110+ contracts with corporates. They charge around INR 500 per person for two services. In FY 21-22, the company reported INR 15.5 Crores in sales, and for FY 22-23, they are projecting INR 30 Crores in sales, with an EBITDA of 7%.

Haqdarshak Shark Tank Negotiations:

Peyush was the first shark to make an offer of INR 1 Crore for 2% equity. Anupam and Vineeta opted out, as they thought it was a low-margin business, and the valuation was too high. Aman and Namita offered INR 50 lakhs for 1% equity and 50 lakhs in debt at 10% interest. Aniket made a counteroffer to all three sharks, proposing INR 1 Crore for 1.5% equity, but the sharks insisted they wanted at least 2% equity. Aniket agreed, and the deal was finalized.

How is Haqdarshak doing After Shark Tank:

Our research into the company revealed that their Shark Tank India deal with Sharks did not close after Shark Tank India. Despite that setback, the company is thriving as of 2023. They launched Yojana card, which is the first of its kind social security and financial inclusion card. This works as a loyalty card that, if consumers take it to the agent or tap it on their phone, would load up their profile and all the social schemes they are eligible for.

The company is still going strong as of November 2023, and while their financials are not yet available publicly, we will update this article as soon as more information comes to light. Haqdarshak’s website suggests that they have impacted the lives of more than 2.8 million people and 37,936 small businesses.

The company did another update in Season 3 where they shared that they got lots of support after Shark Tank. The founder shared that they had impacted around 6 Lakh people before their appearance on the show but now they have impacted over 30 Lakh people. Their women associate number has also grown from 1000 to 6000 post shark tank. The benefits through government schemes has jumped from ₹4,000 crores pre Shark Tank to over ₹15,000 Crores in 2024.

Source: Haqsharshak Instagram

Here are updates on other companies from Season 2 Episode 6.