Hecoll
Initial Ask – Rs. 1 Cr. for 1% equity at a valuation of Rs. 100 Cr.
About the Company
The company has successfully cracked the formula to make a bio-technologically sound piece of cloth which can counter three problems:
1. UV Rays; 2. Pollution, and; 3. Germ and Bacteria prevention.
Initially the company was selling the fabric to the B2B sector as plain cloth, recently has started stitching the cloth in different clothing items.
This cloth can also avoid Hospital Acquired Infections, thus making its presence in the medical industry as well.
Past performance of the Company
The company has earned revenue of Rs.1.07 Cr. in its history, including GST.
75% of the revenue is from B2B Cloth sales and the rest by a D2C business
Industry Overview
There are multiple clothing brands which have produced the claims that their cloth protects the skin from UV Rays, Dust and Pollution. The Industry has become wide open with the rise of Covid-19. However, it is very difficult to get the consumer to believe that the product can actually produce the claimed results.
The production expense is high, along with continous Research and Development, which will be required to counter increasing levels of pollution. Moreover, India is one of the most polluted countries in the world and this product may make its way through with aggressive marketing and clear consumer communication.
Offers made, and the one accepted:
No offers made