- Founder:Rahul Daga & Arpit Kabra
- Business: Restaurant serving 80 types of Maggi
- Ask: ₹50 lakhs for 5% equity
- Valuation: ₹10 Crore
- Result: No Deal
- Sharks: No Deal
- Episode: Season 1 Episode 5
Hungry Heads Shark Tank Pitch and Negotiations:
Hungry Head, which began in 2013 as a Mumbai-based food startup, gained recognition for offering 80 different flavors of Maggi noodles. It operates as a concept restaurant with Maggi as its primary product, alongside their proprietary in-house made sauces.
At the time of the pitch, they had just one restaurant located in Mumbai. Their revenue for the last six months amounted to 20 lakhs, with the most recent month generating 5.5 lakhs in sales. The sharks were impressed by the product, but Ashneer expressed concerns about the sales figures and questioned the valuation. Consequently, he decided to opt out of the deal. Vineeta also opted out, citing the need for more experience in running the business.
Aman appreciated the branding but did not envision it becoming a major brand, leading him to opt out as well. He also advised the entrepreneurs to consider moving on from the business. Anupam mentioned his uncertainty about the future plans, believing that Maggi may not thrive in the delivery business, and he too chose not to invest. Namita, focused on health foods, could not relate to the product and opted out of the deal.
What happened to Hungry Head doing after Shark Tank India?
Research indicates that Hungry Head is still in operation. They continue to run the same store in Mumbai and opened another store in Mahavir Nagar, Kandivali West in September 2023. Furthermore, Hungry Head has expanded its presence on various online platforms such as Zomato, Swiggy, Doordash, Uber Eats, and ChowNow. While there financials are not available publically, their commitment shows that there had been enough push after shark tank india to sustain the restaurant and add to their growth.
We will update his information as more info becomes public from the company.
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Image source: HungryHeads Instagram
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