On the most recent episode of Shark Tank India, founders Harshit and Manali pitched their way of life equipment model, Hexafun, hoping to safe ₹1 crore for 4% fairness, valuing the enterprise at ₹25 crore. Nonetheless, the panel of sharks rejected the pitch, citing points with high quality, pricing, branding, and general enterprise viability.
Hexafun makes a speciality of handkerchiefs, socks, and different equipment, however its excessive pricing—above opponents like Jockey—drew criticism. Earlier than their pitch, the founders gifted the sharks personalized handkerchiefs, which backfired when Namita Thapar noticed a typo. “I admire the love with which you’ve given the hanky to me, however I’m not going to put on one thing with a spelling mistake. You’re unfold too skinny, you’re making an attempt to do an excessive amount of without delay,” she mentioned.
Namita additionally took challenge with the model’s title, Hexafun. “I at all times cite the instance of Zerodha – zero means zero, and ‘rodha’ in Sanskrit means ‘hurdle’. Zerodha is such an exquisite phrase, and you’ll immediately join it to the enterprise. However your title is so obscure,” she defined.
When Manali tried to justify the title, Aman Gupta lower her off with, “Puri zindagi clarify hello karte reh jaoge.”
Aman was skeptical about their concentrate on handkerchiefs, calling it a “dying class.” He questioned their monetary viability, asking, “I might be shocked should you inform us you’re getting cash.”
The founders admitted to burning over ₹6 crore—together with ₹4 crore of their very own funds and over ₹2 crore from family and friends—in 5 years.
Kunal Bahl suggested the duo to re-evaluate their total enterprise technique. “Each start-up hits a ‘level of reckoning’ the place they should regroup,” he mentioned, recalling an analogous part in his personal entrepreneurial journey a decade in the past.
Anupam Mittal’s suggestions was the harshest. Criticizing a product with seen unfastened threads, he mentioned, “Itna low high quality.” He additionally ridiculed their suitcase cowl, asking, “Why would anybody purchase ₹3000 ke kapde for ₹5000 ka suitcase?”.
