Avimee Herbal is an Ayurvedic company providing hair and skin care solutions. The company started with a family’s inspiration to help people with hair loss. The well-known Nanaji prepared different formulas based on his Ayurveda knowledge. He studied a lot of books since the beginning and created a hair growth solution for her daughter. Vinita Agarwal, his daughter felt some positive changes and hair growth. Afterwards, Nanaji and his family became popular overnight. Let us look at Avimee Herbal’s success story below
What Is Avimee Herbal?
Avimee Herbal is a hair care and skin care company known for its quality products. The company’s founders are Siddhant Agarwal, Ambika Agarwal, Radha Krishna Choudhary Urf Nanaji, Vinita Agarwal, and Vibhor Agarwal. Siddhant Agarwal resides in Surat, Gujarat and is 30+ years old. He is married to Ambika Agarwal who has 33.3% of the company’s shares. He is a CA by profession. His wife, Ambika also wanted to pursue CA but she is currently a social media influencer with a million followers. The couple have a son, Adhyant.
While Vinita Agarwal is Siddhant’s mother and Nanaji’s daughter. She has a shareholding of 13.3% in the company. While Siddhant’s brother, Vibhor has a shareholding of 33%. She also has expertise in marketing. If we talk about Nanaji, he was born around 1937. Nanaji completed his graduation in commerce in 1957. Born in Bhagalpur, Bihar, he saw British India’s independence and a lot of important events in history. He is currently 86 years old. Avimee Herbal’s products are clinically certified. It has 27 products in total but started with only 3 products. It has a mix of ingredients ayurvedic and model ingredients.
Avimee Herbal Revenue
Avimee Herbal has the majority of its sales from mouth-to-mouth marketing. Thus, the company has good sales numbers with completely organic marketing. It started its operations in August 2021. They closed at a revenue of Rs. 6.5 crores from Aug 2021 to Mar 2022. Further, the company has monthly revenue between Rs. 1.25 Crores to 1.75 Crores. It also awaited an order from Dubai worth Rs. 1 Crore during the telecast of the show. The product has been a best seller on Amazon till now.
Avimee Herbal Reviews
Avimee Herbal has positive reviews overall. The company’s products are effective for many people. A lot of them also shared their experiences in their YouTube videos. They mention the product to be worth buying. Avimee Herbal has a lot of re-orders as well. Thus, it became the best-selling product on Amazon a year ago. It was placed at 9th position. One can buy Avimee Herbal products from their website, Instagram, Facebook, and Amazon making it the number one product.
Avimee Herbal Shark Tank Success Story
Avimee Herbal’s Shark Tank journey has been inspiring for all sharks. They were highly impressed by Nanaji’s dedication to work in this age. Avimee Herbal’s founders ask for Rs. 2.8 Crores for 0.5% equity at a valuation of Rs. 560 Crores. Their main purpose for the investment is to set up a factory within a budget of Rs. 5-6 crores. Shark Amit Jain offers Rs. 1 Crore for 2.5% equity and Rs. 1.8 Crores debt at 12% interest at a valuation of Rs. 40 crores.
While Anupam offers Rs. 70 Lakhs for 2% equity and Rs. 2.1 Crores debt at 15% interest at a valuation of Rs. 35 Crores. Avimee Herbal offers a counteroffer for Rs. 2.8 Crores for 1.5% equity at a valuation of Rs. 186.67 Crores. However, the sharks didn’t accept the offer and went out of the deal. Keep reading with Charcha Times for more information.
