Namhya foods – An ayurvedic well-being.

Namhya is an Ayurvedic Tea business was founded in 2019. Namhya Foods claims to be India’s first ayurvedic brand in health prevention. They sell tea powders, cereals, superfoods and herbs. The tea and other formulations of Namhya were inspired by the entrepreneur’s grandfather. Ridhima Arora is the founder of ‘Namhya Foods’. Her startup is headquartered in Jammu & Kashmir. Ridhima did her B.Tech. in Electronics & Communications from Shri Mata Vaishno Devi University and then, PGDM in Marketing & Sales from Great Lakes Institute of Management. She also served as the Senior Marketing Manager in Lava International for three years.

The main mission behind Namhya is to make Ayurveda products accessible for a normal person such that they can easily integrate into their regular life. The sales were ₹54 lakhs in the previous 6 months. They had 50% repeat customers on their website, which is really a big achievement. All the products are available on many online marketplaces along with their own website respectively.

The Pitcher wanted ₹1 crore funding in exchange for 5% stakes in the business. The pitcher was looking for shark’s expertise in marketing and branding to make it a well-known Indian brand in the International market. Shark Aman was ready to invest from the start. While Anupam and Vineeta offered a part-equity part-debt deal, Aman offered the same for 15% equity. The entrepreneur negotiated a lot to get the desired deal and in the end, shark Aman Gupta closed the deal for a 10% piece by giving ₹50 lakhs with the rest of the ₹50 lakhs in debt. Let’s wish absolutely one of the best pitchers of this season the best of luck!

Comments

comments