Founded in 2019 by Piyush Washwani, Jitendra Sharma, and Ashish Tiwari, Hair Originals is focused in manufacturing and marketing premium natural human hair extensions derived from hair donated at Indian temples. Seeking a 60 lakhs investment for a 2% equity share, the company made an appearance on Shark Tank India valuing the company at thirty crores. They also make wigs, temporary and permanent hair extensions. Their items are sold on their website; they also provide free installation to customers in surrounding salons.
So far in five months, their income for FY21-22 comes out to be ₹2.5 Crores. Last month they closed with ₹55 lakhs. While manufacturing is done in a plant in Gurugram, sourcing mostly comes from temples in South India. Their gross margins run between 60 and 65%. At the time of the pitch, their company is lucrative; with a net profit of about 15%, before salaries. Already, at a ₹10 Crore valuation, they have attracted an angel investment round of ₹1 crore.
Company Name: Hair Originals
Founder: Piyush Washwani, Jitendra Sharma & Ashish Tiwari
Product: Hair Extensions
Highlights
1. Ethically obtained from Indian temples, 100% Natural Human Hair guarantees durability and authenticity.
2. Extensions are tangle-free, shed-resistant, and, with correct care, can last years.
3. Styled, curled, straightened, and coloured without damage using heat and chemical resistant materials.
4. Available in clip-ins, tape-ins, keratin bonding, and customized extensions are several product options.
5. Salon-Grade Quality: Counted on experts and stylists for best outcomes.
6. Ethical and sustainable sourcing guarantees fair trade methods and eco-friendly methods of operation.
7. Facing Global Brands in competition: seeks to give Indian customers top-notch hair extension options.
8. Target Audience: Serves professional salon companies as well as private consumers.
Pitch Details
Ask: ₹60 lakhs for 2% equity (Valuation: ₹30 crores).
Deal: After negotiation Ashneer Grover, Anupam Mittal and Peyush Bansal, finished the deal at ₹60 Lakhs for 4% equity.
Investors: The investment came from Ashneer Grover, Anupam Mittal and Peyush Bansal.
Conclusion:
By highlighting the demand for luxury hair extensions and the dearth of high-quality Indian companies in the market, Hair Originals made a strong commercial case. The founders emphasized their special value: long-lasting, ethically produced hair extensions capable of rival worldwide names. Their vision and creative approach drew the sharks in and set off a competitive bidding process. Along with financial support, the agreement they landed offered strategic mentoring from seasoned investors. With this help, Hair Originals sought to scale their company, enter foreign markets, and increase brand visibility in the salon and beauty sectors.
