Broomees ₹ 1 Crore for 3% Equity Win on Shark Tank India

Broomees, a startup based in Delhi, was founded by entrepreneurs Rajat, Shweta, and Ankit. They recently appeared on Shark Tank India to showcase their unique idea. The company focuses on providing assistance to homemakers by offering reliable and affordable help with household chores like cleaning, cooking, laundry, and gardening. They also prioritize the empowerment of their helpers through training, insurance, and social security.

Click here to visit their official website: Broomees

Broomees runs an online platform that connects customers with helpers, allowing customers to choose services, time slots, and preferred helpers, and even rate and review them afterwards. During their pitch on Season 2, Episode 22, aired on March 15th, 2023, they sought INR 80 lakhs for a 2% equity stake, valuing their company at INR 40 Crores.

Related: Neomotion ₹1 Crores for 1% Equity +royalty of 5% Win on Shark Tank India

The sharks were really impressed with how Broomees had grown and how dedicated they were to keeping their promises to customers. Even though the valuation was high, the sharks didn’t let that stop them, and they offered a deal of INR 1 Crore for a 3% stake in the company, valuing it at INR 33.33 Crore. Namita, Aman, and Peyush each invested INR 33.33 lakhs for a 1% stake in the company. The Broomees team was overjoyed by the offer and celebrated with the sharks. They were thrilled not just about getting the investment but also about the chance to learn from the sharks and improve their brand even further.

Our investigation into Broomees revealed that they successfully closed the deal with the Sharks. They even posted a picture of their time with Aman on their social media accounts after Shark Tank. A recent article in YourStory highlighted that the company has achieved an impressive monthly turnover of INR 3 crores. They have also managed to attract investments from several venture capitalists. With over 22,000 followers on Instagram as of September 2023 and a growing fan base, Broomees is making waves in the social media sphere.

Furthermore, Broomees has big plans for expansion. They aim to offer their services in more than 100 cities across India and bring on board over 1 lakh workers within the next five years. Both customers and helpers have given positive feedback about the platform, praising its dedication to quality and dependability. Broomees serves as a prime example of innovation and empowerment in the domestic help industry.