- Founders: Dipti Nakhla
- Business: Pollution Resistant Fabric
- Ask: ₹1 Crore for 1% Equity
- Valuation/ Networth: ₹100 Crores
- Funding: No Deal
- Sharks: No Deal
- Episode: Season 1 Episode 6
Hecoll Shark Tank India Pitch:
Hecoll is an Indian startup which makes materials which protect you from pollution. Their products are efficient against 95% pollution and 99% UV rays. It also kills viruses and bacteria including Corona Virus. Their products have huge market as they can be used in everyday life as well as in medical field. The founder added that they have created 20 Products so far including baby wrap, patient clothing for ICU as well as clothing for doctors/ Nurses.
The company’s vision is to reach the general population and help them live a sustainable and healthy life. The company sought an investment of ₹1 Crore for 1% of the company valuing their business at ₹100 Crores.
Hecoll started as a fabric business but due to covid, they collaborated with the central government to make masks for COVID-19 which were stitched in the House. At the time of the pitch, Hecolll was operating in a mixed business with 25% stitched products and 75% fabric which is sold in a B2B model. The founder shared that their product is lab-tested and proven which makes them unique.
Hecoll made ₹1.07 crores last year majority of which came from fabric sales in B2B. This includes the GST. Dipti shared that they wanted to pull out of their D2C business but they are a known brand in Hyderabad, therefore, she thinks that they can leverage that to grow their sales.
Hecoll Shark Tank India Negotiations & Funding:
Ashneer grover was the first sharks to go out and he gives three reasons for that decision. First one being self-realization from the founders followed by Dipti’s thinking that this is already an established brand. Finally, He added that Dipti doesn’t know how to grow a business and needs a Co-founder. Anupam goes out citing its too early.
Namita added that she wouldn’t be able to add value to the company therefore she goes out of the deal as well. Vineeta goes out citing she cannot justify the valuation. Aman thinks that the founder is confused and is trying to do too many things at one time therefore he goes out of the deal as well.
Who are the founders of Hecoll?
Dipti Nakhla founded Hecoll. She went to IIT Madras and was 2 years junior of Vineeta. She worked in Nanotechnology all over the world.
How is Hecoll doing after Shark Tank India?
Our research in the Hecoll revealed that while the company got an initial boost from their appearance on National television, The company went out of business in 2021. The founders moved on to different ventures according to LinkedIn, Dipti has founded another venture called Alyner where she is working full-time. Helcoll products are however still available through Amazon and you can check those out by clicking the Amazon button below!
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Here is an update on other companies from Season 1 Episode 6.