1 Hood is a social enterprise that works to empower underprivileged youth through entrepreneurship. The organisation was founded in 2013 by Shiza Shahid and Ahsan Zaidi, and has since worked with over 5,000 young people across Pakistan.
In 2016, 1 Hood was selected to participate in Shark Tank India, a reality TV show that gives entrepreneurs the opportunity to pitch their business ideas to a panel of investors. The 1 Hood team raised Rs. 1 crore (approximately US$150,000) from investor Rakesh Godhwani, making it the first social enterprise from Pakistan to receive investment from Shark Tank India.
The funds raised will be used to support 1 Hood’s work in empowering underprivileged youth in Pakistan. The organisation plans to use the funds to expand its reach to more young people, as well as to invest in its digital platform which will provide young entrepreneurs with access to resources, mentorship, and opportunities.
1 Hood’s participation in Shark Tank India is a significant achievement for the organisation, and for Pakistan. It is a testament to the quality of the 1 Hood team and their work, and it provides a much-needed boost to the social entrepreneurship ecosystem in Pakistan.
The 1 Hood team is excited about the future and the impact that they will be able to make with the support of their new investor. We congratulate them on this achievement, and we look forward to seeing the positive impact that they will have on the lives of young people in Pakistan.
2. How ‘Hood’ Was Able to Raise Funds
Hood, a social enterprise that creates and sells eco-friendly products made from upcycled materials, was able to raise funds via Shark Tank India. The company was founded by husband and wife team, Anuj and Ruchi Jain, who were inspired to create eco-friendly products after witnessing the pollution in their hometown of Delhi, India.
The couple started Hood with the goal of providing employment to women from low-income households, while also helping to reduce the amount of waste in their community. Hood’s products are made from upcycled materials, such as recycled saris and denim, and are sold online and in stores across India.
The company has been successful in raising funds from a number of sources, including Shark Tank India. In 2016, the company raised $100,000 from Shark Tank India judge, Ravi Shankar Prasad. The funds have been used to expand Hood’s product range and to open new stores in India.
Hood’s products are popular among eco-conscious consumers and have been featured in a number of publications, including The Huffington Post, Forbes, and India Today. The company has also won a number of awards, including the Social Enterprise Award at the India Innovation Summit.
Hood is an inspiring example of a social enterprise that is making a positive impact on the environment and the lives of those in their community. The company’s success is a testament to the power of sustainable business models and the growing demand for eco-friendly products.
3. The Impact of ‘Hood’ on the Indian Market
Hood, a social media platform that aims to make it easier for people to connect with their friends and family, raised funds via Shark Tank India. The company was founded by Ritesh Banglani, who is also a co-founder of online fashion retailer Myntra. Hood’s pitch was well-received by the sharks, with all of them expressing interest in investing.
The company has already had a significant impact on the Indian market. In just over a year, Hood has grown to become one of the most popular social networking platforms in the country. It is now the fifth most popular app in India, with over 10 million monthly active users.
Hood’s success is due in part to its focus on the Indian market. The app is available in both English and Hindi, and it offers a variety of features that are tailored to the needs of Indian users. For example, Hood allows users to share photos and videos with their friends and family, as well as post updates about their day-to-day activities.
The app has also been successful in building a strong community of users. In addition to its social features, Hood also offers a variety of games and quizzes that users can play with their friends. This has helped to make the app more engaging and addictive, which has in turn helped to increase its user base.
Hood’s impact on the Indian market is likely to continue to grow in the coming years. The company has plans to launch a number of new features that will further improve the user experience. In addition, Hood is also looking to expand its reach by launching in new markets. The company’s long-term goal is to become the world’s largest social network, and it is well on its way to achieving this.
4. How ‘Hood’ Plans to Use the Funds
Hood, a Mumbai-based startup that operates a mobile app-based laundry service, raised Rs 3 crore in funding from Shark Tank India. The company will use the funds to expand its operations to Delhi-NCR, Pune and Bengaluru.
Founded in 2015 by IIT Bombay graduates Rakesh Deshmukh and Shobhit Gupta, Hood provides an on-demand laundry service that enables users to schedule a pickup and delivery time for their clothes. The company has a network of over 500 laundromats and employs a team of 300 people.
Hood had previously raised Rs 1.5 crore in funding from a group of angel investors, including Rajan Anandan, Mahesh Murthy and Anand Chandrasekaran.