Total amount raised
$1 Millions
Latest funding date
01/01/2023
Location
Hoovu Fresh specializes in providing fresh puja flowers and related products, offering items such as agarbathis, dhoop sticks, and natural Holi colors. The company emphasizes the use of recycled flowers and natural ingredients, aiming to provide a fresh take on traditional puja items.
Keep reading to explore the intricacies of Hoovu Fresh's fundraising journey and the investors backing this innovative platform.
What Is Hoovu Fresh?
Hoovu Fresh operates within the floral and puja supplies industry, specializing in fresh puja flowers and related products such as agarbathi, dhoop sticks, and cones. The company emphasizes natural, chemical-free products, often made from recycled flowers.
Hoovu Fresh promotes a sense of community and tradition, reimagined for modern devotees. They engage with their customers through social media and a WhatsApp community, offering a variety of products to enhance puja experiences.
How Much Funding Has Hoovu Fresh Raised?
- Pre-Seed Round
- Amount Raised: $120K
- Date: January 2020
- Lead Investors: Techstars
- Seed Round
- Amount Raised: $790K
- Date: November 2022
- Lead Investors: Sauce.vc
- Angel Round
- Amount Raised: $1.2M
- Date: January 2023
- Lead Investors: Aman Gupta, Peyush Bansal
Hoovu Fresh has raised a total of $2.11M across all funding rounds.
Key Investors
- Aman Gupta
- Details: Aman Gupta is the co-founder and CMO of boAt, a leading Indian consumer electronics brand. He is also a prominent investor on the Indian reality TV show "Shark Tank India".
- Investment Focus Areas: Consumer electronics, lifestyle products, startups.
- Notable Investments: boAt, FREECULTR, WickedGud.
- Peyush Bansal
- Details: Peyush Bansal is the founder and CEO of Lenskart, one of India's largest eyewear retail chains. He is also an investor on "Shark Tank India".
- Investment Focus Areas: Eyewear, e-commerce, technology startups.
- Notable Investments: Lenskart, Feedo, DailyObjects.
- Sauce.vc
- Details: Sauce.vc is a venture capital firm that focuses on early-stage consumer brands in India. They aim to support innovative and high-growth potential startups.
- Investment Focus Areas: Consumer brands, food and beverages, personal care.
- Notable Investments: XYXX, The Whole Truth, Bare Anatomy.
- Techstars
- Details: Techstars is a global platform for investment and innovation, providing mentorship and funding to startups. They operate accelerator programs worldwide.
- Investment Focus Areas: Technology, software, innovation.
- Notable Investments: SendGrid, Sphero, ClassPass.
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