On the Tank
Hecoll (Now Acquired) was founded by Deepthi Nathala, who is a nanotechnologist by profession.
Additionally, she is Vineeta’s junior at IIT Madras, sharing the same branch and hostel.
- Worked 2 years in Bangalore as integrated chips and nanotechnology.
- Worked 3.5 years in Qatar and Dubai as an oil and gas extraction offshore and onshore nanotechnology.
- Worked 2 years in Mumbai in fire suppression system and hydroelectric power plant
- In California, as a defense nanotechnologist.
She had combined elements from all my experiences in the fabric business.
Why started Hecoll?
At first, our goal was to venture into the fabric business. But, in March 2020, we received a phone call from the Center (Delhi), and they said you won’t do anything with these clothes but would mass-stitch for us to support the government and the society.
Hecoll is an eco-friendly and sustainable fabric. It shields you from 95% pollution, 99% ultraviolet rays (UV), and other viruses, including the Corona virus.
We can create baby wrappers for newborns, uniforms for patients, nurses, and doctors in ICU wards, army uniforms, and various travel kits.
So we have made and sold 20 different types of products.
Shark Tank Recap
Hecoll is an eco-friendly and sustainable fabric. It shields you from 95% pollution, 99% ultraviolet rays (UV), and other viruses, including the Coronavirus.
- Ask: ₹1 crore in exchange for 1% equity, making the valuation stand at ₹100 crores.
- The National Accreditation Board for Testing and Calibration Laboratories (NABL), the Bureau Veritas lab in Germany, and Nelson Labs in the USA have all tested it.
- As such, no offers were made to them.
Shark Tank Live
Ask
₹1 crore in exchange for 1% equity making the valuation stand at ₹100 crores.
Business Model & Sales of Hecoll
The model is mixed, consisting of 75% B2B fabrics and the remaining 25% stitching products.
Deepthi stated that their stitching products are also doing pretty well on Amazon.
So, it generated a revenue of ₹1.07 crores (including GST) in the last year. Out of which,₹1 crore came from B2B and ₹7 lakhs from B2C.
Feedbacks from the sharks
- Ashneer: ₹1 crore sales is nothing.
- Anupam: You must focus on R&D only.
- Namita: This is a competitive market, and I am unable to assist you in this situation.
- Vineeta: The 100 crore valuation is too high at this time.
- Aman: You are very confused.
Deal
As such no offers were made.
Hecoll Beyond Tank tank updates
Beyond Tank constantly provide updates and follow-ups about the entrepreneurs from the day they appeared on Shark Tank India.