Jasveer Singh is the company’s Co-Founder.
PERSONAL INFORMATION
Jasveer Singh is from a small village where he excelled in school since childhood. He has a bachelor’s degree in mathematics. He later went on to earn an MBA. Previously, he invested in large corporations and exited them at a valuation of 10 crores. Hood’s CEO is him.
ABOUT THE COMPANY HOOD
The hood is a pseudonymous social network where users can share anything without worrying about their identity being revealed. The anonymous group is their app’s most popular feature. Users can use this site to form college groups, company groups, or any other type of group. This app’s data is encrypted from beginning to end. People can share anything on this app, and it can provide valuable information. The app will be available in June 2022. They reached 5 lakh users in less than 45 days. There are 5000 groups in this app. They currently have 7.7 lakh users.
Monthly, there are 2.4 lakh active users. There are 60000 active users every day. Every day, approximately 6000 users post on Hood. Every day, approximately 1800 new threads are created on Hood.
SHARK TANK
The owners demanded 1.2 crores for 0.2% of the company’s equity at a valuation of 600 crores.
Previously, in January 2022, they raised a fund round of 23 crores at a valuation of 112 crores.
At a valuation of 112 crores, Peyush and Aman make a combined offer of 60 lacs for 0.54% equity and 60 lacs as debt at a 12% interest rate. The final agreement was reached with Peyush and Aman for 60 lacs at 0.54% equity in the company, valued at 112 crores, and 60 lacs in debt at a 12% interest rate.
