- Founders: Rajat, Shweta, and Ankit
- Business: Professional Home Services
- Ask: ₹ 80 Lakhs for 2% Equity
- Valuation/Net-worth: ₹40 Crore
- Funding: ₹ 1 Crore for 3% Equity
- Sharks: Namita Thapar, Aman Gupta and Peyush Bansal
- Episode: Season 2 Episode 22
Broomees Shark Tank India Pitch:
Broomees, a Delhi-based startup founded by entrepreneurs Rajat, Shweta, and Ankit, presented their innovative concept on Shark Tank India. The Company focuses on the services industry, offering assistance to homemakers with various household chores. Their vision revolves around providing reliable, affordable, and professional helpers for tasks such as cleaning, cooking, laundry, and gardening. They also prioritize the empowerment of their helpers by providing training, insurance, and social security.
Broomees operates through an online platform that connects customers with helpers, allowing customers to select services, time slots, and preferred helpers, with the added feature of rating and reviewing helpers after the service. During their pitch on Season 2, Episode 22, aired on March 15th, 2023, they initially sought INR 80 lakhs for a 2% equity stake, valuing their company at INR 40 Crores.
Broomees Shark Tank India Negotiations:
The sharks were highly impressed by Broomees’ growth and their commitment to delivering on their promises to customers. Despite the high valuation, the sharks remained undeterred and offered a deal of INR 1 Crore for a 3% equity stake, valuing the company at INR 33.33 Crore. The investment came from Namita, Aman, and Peyush, with each investing INR 33.33 lakhs for a 1% stake in the company. The Broomees team celebrated their victory with the sharks, expressing their excitement not only about securing the investment but also about gaining the valuable mentorship and guidance of the sharks in further developing their brand.
Broomeers After Shark Tank India?
Our research of Broomees revealed that the deal with Sharks closed. Broomees also shared a picture of their time with Aman post shark tank on their socials. According to a recent article in YourStory, the company has achieved a remarkable monthly turnover of INR 3 crores and has successfully attracted investments from various venture capitalists. They have over 22,000 Instagram followers as of September 2023 and growing continuously.
Moreover, Broomees has ambitious expansion plans. They are aiming to extend its services to over 100 cities across India and onboard more than 1 lakh workers within the next five years. The platform has garnered positive feedback from both its customers and helpers, who appreciate its commitment to quality and reliability. It stands as a shining example of innovation and empowerment within the domestic help sector.
Source: Instagram @broomees.india
You can Check more updates on Season 2 episodes here.
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