“Hira Lashari founder of Aashi Herbs Requests Rs. 20 Lacs for 10% equity on Shark Tank Pakistan”
Hira Lashari the founder of Aashi Herbs is from a small town of Jacobabad. She said that I started my work when the covid was going on, I started a very good work but unfortunately covid hit everyone and my business too. She said I went to my granny and I said granny please tell me how come you have such good hair even in the 80s and 90s then she gave me her hair secret recipe. She is working for the last 5 years. She asked for Rs. 20 lacs for 10% equity. Rs. 2 Cr Valuation.
When I came live in a small group in my Sindhi community and it went viral and I got thousand of inquiries, so from there it came to my mind that why don’t sell this thing. When I started spreading awareness, I started with Rs.500 for the product price and I have made sales of Rs.80,000 in a day.
Shark asked her till now how much revenue have you generated? Founder said that from my entire startup when I started my business, I earned Rs.21 Lacs in 6 months in other cities and Rs. 4 Lacs in my own Hyderabad so my revenue in 6 months is Rs. 25 Lacs and if I talk about my sales in last month is Rs. 1 Lac . Sharks asked her to tell the breakdown of these products and how many are there which you offer? Founder said that when I started, I started with only one product hair oil and I made a good revenue with it, now I have started nine more products.
The production cost is 35%, 35% is in logistics like TCS and 30% percent is my net profit. Shark asked her what was the product you order from there, what are the inputs? Founder said that the main product which boosting it for me is our mustard. Sharks are impressed by her product.
Shark Faisal said that I have a e-commerce platform which is into beauty personal care called Back Gallery, so I have invested there as a investor they often sell similar products, so I am making you an offer because I think this can be paired up with that, so I am ready to give you the exact offer of Rs. 20 Lacs for 10% equity. Other Sharks are just impressed by her and said that you are so strong and they suggest her to go with the deal which the shark Faisal offered before. The founder accepted the offer and the deal is closed.
The founder is amazing, in how she started the business from a broken marriage to living a sustainable life. It’s a learning for the founder how she utilized social media only to sell her products instead of thinking of making flashy websites etc.
https://www.facebook.com/aashiherbs1
Sumbal is shark tank enthusiast, ever since the show started airing, she has followed it. She likes writing and researching about startups. She is also helping a few startups scale.
