Mumbai-based Hexafun is a brand with an eye toward unusual, eco-friendly, and eccentric lifestyle items. Established by Harshit Singhal and Manali Sanghvi, the brand provides handkerchiefs, socks, scarves, shoe bags, and gift boxes among other items created entirely of 100% organic cotton. The company presents itself as a green substitute, appealing to consumers seeking for environmentally friendly goods with a creative, individualized touch.
Hexafun’s goal is to mix fun, vivid design with sustainability. Their main goals are to provide ecologically sustainable products that also give daily objects a whimsical touch.
Company Name: Hexafun
Founder: Harshit Singhal and Manali Sanghvi
Product: Lifestyle Accessories Brand
Highlights:
1. Hexafun specializes on environmentally friendly lifestyle items created from 100% organic cotton, therefore guiding customers toward sustainability.
2. The brand provides unusual and customized products such handkerchiefs, socks, scarves, shoe bags, and gift boxes to give daily essentials a fun and unique touch.
3. Target Market: It appeals to people that value vivid, artistic designs in their daily goods in addition to being environmental concerned.
4. Emphasizing individuality in their products, Hexafun offers tailored goods for a distinctive, fun accent.
5. Core values of the brand are based on encouraging environmentally friendly living by means of sustainable substitutes for conventional goods.
Pitch Details
Ask: ₹1 crore for 4% Equity (Valuation: ₹25 crores).
Deal: After negotiations deal couldn’t happen
Investors: NO DEAL
Conclusion:
Hexafun presented a distinctive and sustainable product range, but during their Shark Tank India Season 4 pitch they couldn’t get an investment. Valueing their company at ₹25 crores, the founders, Harshit Singhal and Manali Sanghvi requested ₹1 crore for a 4% equity share. But the sharks—especially Anupam Mittal— voiced worries about the price approach and product line of the firm.
Although the brand’s emphasis on unusual, environmentally friendly products is intriguing, pricing problems and lack of obvious difference in the market for competitive lifestyle accessories caused the decision not to invest. The proposal focused on the difficulties in a niche market striking sustainability with affordability.
In essence, Hexafun struggles to scale its company and persuade investors of its expansion potential in the competitive environment of lifestyle items even if it has a fun and sustainable concept.
Key Takeaways from the Episode:
1. Give quality first priority so that consumers and investors may develop trust by means of excellent products or services.
2. Know market trends and customize your product to fit newly developing cultural trends and target particular demographics.
3. Be adaptable in negotiations and change your offer depending on comments.
4. Leverage Virality: Increase brand recognition and stimulate sales by means of trends and social media.
5. Get ready to scale your company such that it satisfies investor expectations by having a well-defined plan.
6. Pitch clearly and Keep your pitch short and clearly express your value offer.
7. Cooperation Count: Business success depends on a capable, cohesive workforce.
