Hoovu Fresh revolutionizes India's flower market by fixing the supply chain for traditional flowers
Hoovu Fresh raised INR 1 crore for 2% equity from Shark Tank India with a unique floral business model
The startup was founded by Rhea and Yeshoda Karuturi in 2019 in Bengaluru
Their flowers have a shelf life of 15 days, and they offer a variety of products besides flowers
Hoovu Fresh has managed to secure partnerships with major retailers and online platforms
They collaborate with 500 flower farms and 300 temples for their business operations
The company hit INR 1 crore in sales within the first month of August 2022
Aman Gupta and Peyush Bansal invested in the startup, recognizing its potential in the market
They offer a diverse range of flowers with prices ranging from INR 40 to INR 100
Currently operating in 8 Indian locations, the company has already completed over 2 million orders by January 2023