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Haqdarshak 1
Deal Done

Software, Apps & SecuritySeason 2Episode 6

Haqdarshak

Starts From - ₹0

Where to Buy

Sharks Invested

Product Details

Entrepreneur Background

Born and raised in Shimla, 33-year-old Doegar completed his undergraduate studies from Shri Ram College of Commerce in Delhi. He has previously worked as a teacher in a government school.Aniket Doegar is Season 2's most socially mission-embedded founder a Delhi School of Economics graduate (Shri Ram College of Commerce) who worked as a teacher in government schools in rural India, spent years observing at first hand how comprehensively India's rural and semi-urban poor were excluded from the government welfare schemes designed specifically for them not through government failure but through systemic information asymmetry and built a technology platform to close that gap.

The Product / Service

Founded in 2016, Haqdarshak is a mobile and web platform connecting citizens to eligible government welfare schemes. In six years, Haqdarshak claims to have served over 25 lakh customers and 50,000 micro-businesses and trained 25,000 agents. Haqdarshak is India's most comprehensive government welfare scheme access platform aggregating 2,000+ Central and State government schemes across health, agriculture, education, social protection, MSME development, and financial inclusion onto a single mobile and web platform, with 25,000 trained agents (primarily women from rural communities) who go door-to-door or conduct community gatherings to register beneficiaries, answer 40–45 eligibility questions, and generate a personalised list of schemes each family qualifies for then supporting the entire application process through to benefits disbursal.

The Ask

Amount Asked: ₹1 crore Equity Offered: 0.5% Implied Pre-Money Valuation: ₹200 crore

Pitch Presentation

Hoping to soar high, Aniket comes forth with the vision of helping 90 crore people in the nation to receive their dues, and for that to be a success, his ask of the day is for ₹1 crore against 0.5% equity. Aniket opened Season 2 Episode 6's second pitch with India's most morally urgent statistic: 90 crore Indians are eligible for government welfare schemes that most of them have never accessed. The pitch framed Haqdarshak not as a startup but as infrastructure the bridge between India's largest publicly funded social protection system and the citizens it was designed to serve. The most powerful pitch moment was bringing Jyoti Mule a real Haqdarshak agent from a rural community onto the Shark Tank stage. Jyoti demonstrated the agent experience: registering a family on the app, answering the eligibility questions, and generating the personalised scheme list. This live demonstration converted the abstract "we help people access government schemes" narrative into a visible, human, real-time experience that every Shark and every viewer understood immediately.

Sharks' Reactions & Criticism

Vineeta Singh exited citing doubts about scalability and growth trajectory. Vineeta was not convinced about the growth and had doubts regarding the scalability of the business. Anupam Mittal exited citing valuation and competitive generosity. Anupam could not invest in the business because he felt Peyush gave a very generous offer that he wouldn't be able to match Peyush Bansal was the most commercially structured Shark making the first formal offer (₹1 crore for 2% equity) that set the terms around which the three-Shark deal ultimately coalesced. Aman Gupta offered ₹50 lakhs for 1% equity and ₹50 lakhs debt at 10% interest a hybrid equity-debt structure that recognised the business's need for working capital (to train and deploy agents) as much as growth equity. Namita Thapar co-invested with Aman recognising that Emcure's rural healthcare distribution network and government health programme relationships were strategically aligned with Haqdarshak's PMJAY (Ayushman Bharat) health scheme facilitation capabilities.

Negotiation & Offers

Peyush offered ₹1 crore for 2% equity (₹50 crore valuation). Aman and Namita offered ₹50 lakhs equity + ₹50 lakhs debt at 10% for 1% equity. Aniket counteroffered to all three Sharks: ₹1 crore for 1.5% equity. The Sharks insisted they wanted at least 2% equity and wouldn't budge. Aniket agreed, and the deal was finalized at ₹1 crore for 2% equity from the three Sharks.

Final Verdict

Aniket Doegar accepted Peyush Bansal, Aman Gupta, and Namita Thapar's joint offer of ₹1 crore for 2% equity valuing Haqdarshak at ₹50 crore. Despite countering for 1.5% equity (implying ₹66.67 crore valuation), the three Sharks held firm at 2% and the founder accepted. The deal did not formally close post-show, though the company has continued growing independently and maintains strong institutional investor backing from other sources.