Tohands makes it to shark tank S3
I am Aarihant Aaryan! Welcome to the Iron Sharpen Iron newsletter,
Every week I share my homework from my startup journey, learn about human behavior, and sometimes decode industries and business models for fun,
I can’t control my curiosity :)
Last night, Praveen Mishra and his team at Tohands were offered 60 lakhs for 2% equity by the sharks
Before Tohands closed their seed round and raised from the shark tank - they pitched to 50+ investors to raise capital
I’m Glad that Turbostart chose to lead their seed round, I had the privilege to see most of their struggles but the team at Tohands is extremely resilient and they deserve every bit of this. ( I'll write a post on their struggles and juggad when they become successful)
On a personal level, What I love about tohands:
1. Building the right product for small businesses - I have spent 4 years in this space, so I know I know they'll do well. This product opens up a bunch of possibilities in BFSI :)
2. Praveen Mishra, Satyam Sahu & Shanmugam are ambitious and resilient
3. Great opportunity, they are placed to become a go-to bookkeeping product for 3rd world countries and disrupt traditional ERPs.
At the end of 2022 I had invested in Tohands during their T-Tub around and became a small part of Praveen's journey ( they didn't have their V3 ready by then), in the first interaction itself I felt I had to be part of their journey Can't wait to see, what's in store for tohands and Praveen :)
They have the audacious Plan to sell 1M units in the next 2/3 years!
Happy to have Radhika Gupta & Varun Dua on the journey!