Indian Clarity

Light. Truth. Clarity.

Loading ad...
Companies

This Shark Tank India judge mortgaged his house to fund the skincare brand Hindustan Unilever bought for ₹2,955 crore

Shark Tank India, the series which has evolved into an influential platform for early-stage founders and entrepreneurs in the country, returned for a new season on 5 January, with five new judges on its panel. Among these, is Minimalist's co-founder Mohit Yadav, who shared that he mortgaged his house to fund the skincare brand, which was acquired by FMCG major Hindustan Unilever last year. Sharing his journey on the show, Yadav said that he struggled for initial funding for his first venture (a children's apparel line) and later for Minimalist had to mortgage his house to raise ₹1 crore loan, according to an Indian Express report.

This Shark Tank India judge mortgaged his house to fund the skincare brand Hindustan Unilever bought for  ₹2,955 crore

Credit: Livemint

Key Highlights

  • “Years ago, I had started a seed grant that used to make kids apparel.
  • It was my first venture in 2010–2011.
  • We (Mohit and his brother, co-founder Rahul Yadav) had also taken money from our families.
  • Even later, when we started Minimalist, we had mortgaged our house to raise ₹1 crore loan.
  • I knew in my heart that if this doesn’t take off, maybe my family won’t have a home to stay in,” he said, as per the report.
Loading ad...

Sources

  1. This Shark Tank India judge mortgaged his house to fund the skincare brand Hindustan Unilever bought for ₹2,955 crore

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

Related Stories

Loading ad...