Abstract
HoneyVeda was founded in 2019 by Hardik Joshi, a business-analyst-turned-apiarist, to promote ethical beekeeping practices and produce and sell high-quality honey. To realise this vision, the startup partnered with farmers, farmer producer organisations (FPOs) and government agencies to supply beekeeping equipment, deliver training to novice beekeepers and produce honey from bee boxes placed on agricultural land. Over the years, HoneyVeda collaborated with 35 farmers, trained more than 1,000 beekeepers in six Indian states and retailed monofloral and multifloral honey varieties through its online storefront. In doing so, it faced numerous challenges in the Indian apiculture ecosystem such as farmers’ lack of awareness about beekeeping, issues of honey adulteration and value chain authentication, limited market linkages and poor demand for indigenous honey varieties. The startup also navigated organisational complexities vis-à-vis limited financial and mental resources and human capital challenges. The case highlights the startup’s challenges in scaling up within a fragmented and uneven honey value chain. The founder’s dilemma is the strategy for the startup’s future growth. How can he balance scaling up with retaining the core objective of evangelising ethical beekeeping and honey quality?
Additional Information
| Product Type | Case |
|---|---|
| Reference No. | CIIE0038 |
| Title | HONEYVEDA: Scaling Startup Presence Across the Honey Value Chain |
| Pages | 23 |
| Published on | Mar 11, 2026 |
| Year of Event | 2024 |
| Authors | Dani, Reeva; Mendonca, Valerie; Singh, Sukhpal; |
| Area | Centre for Innovation, Incubation, and Entrepreneurship (CIIE) |
| Discipline | Innovation and Entrepreneurship, Strategic Management |
| Sector | Agriculture and Animal Husbandry |
| Learning Objective | - Learn about the value chain approach in studying a primary production-based food sector. - Understand the challenges in scaling a startup in a fragmented ecosystem and regulatory environment. |
| Keywords | Startup, Apiculture, Value Chain, Scaling, Honey, Entrepreneurship |
| Country | India |
| State | Gujarat |
| City | Ahmedabad |
| Organization | HoneyVeda |
| Courses | MBA (PGP), MBA-FABM, MBA-PGPX, EEP |
| Access | For All |
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