Rare Planet shark tank, Net worth, Height, Weight ,Relationships ,Social Media, Married, Family, Biography
⭐⭐⭐⭐⭐ Rare Planet shark tank Net worth in 2024 is up to💰 $ 5 Million.⭐⭐⭐⭐⭐
Rare Planet Shark Tank General Information:
| Total Net Worth- | $ 5 million. |
| Name of The Brand | Rare Planet |
| Investor involved: | Namita Thapar |
| Monthly Income- | $ 80,000+ |
| Listed in stock market | Not Yet Listed |
| Category- | Ecommerce |
| info@rareplanet.in | |
| Address | AC-126, Vaishno Devi Apart, Fl No-A, Prafulla Kanan, Near Nonapukur, Kolkata-700101 |
| Age of the brand | started in 2017 |
| Founders | Ranodeep Saha and Vijay Kumar |
| Country | Indian Band |
Founding Roots and Initial Success
In 2017, Rare Planet, a Kolkata-based startup, emerged on the retail lifestyle scene, co-founded by Ranodeep Saha and later joined by Vijay Kumar TR in 2019.
The company’s mission revolves around the promotion and sale of Indigenous Indian Handicrafts, both online and offline, with a key focus on providing a sustainable income to local artisans.
Education Meets Entrepreneurship
Ranodeep, a graduate in computer science from IIT Calcutta, kickstarted the venture in 2015 to support his education.
The maiden outlet, strategically placed in a bookstore, achieved remarkable success, racking up sales of INR 1.5 lakh in its inaugural month.
The entry of Vijay, bringing experience from Luxury and Airport retail, marked a significant juncture as the co-founders successfully secured funds from startup incubators like Venture Catalysts.
Craftsmanship at Its Core
Rare Planet’s essence lies in its diverse range of handmade products, featuring kulhads, bowls, kettles, copper bottles, and mugs, all skillfully hand-painted by local artists.
These unique handicraft items find a home not only in the brand’s online store but also grace the shelves of select offline outlets, including those in airports.
Additionally, Rare Planet proudly owns a gift shop in Durgapur, West Bengal.
Financial Prowess and Future Aspirations
Prior to their pitch to investors, Rare Planet had already achieved commendable monthly revenues of INR 1 crore, boasting a 12% net profit margin.
Seeking further growth, the co-founders aimed to secure INR 65 lakhs in funding for a 1% stake.
Their expansion plans included opening more stores in airports, venturing into shopping mall shops, and diversifying their product line.
Local Artisans and Extensive Presence
Collaborating with 2,500 local artisans across five states, Rare Planet has successfully positioned itself in over 60 stores, including well-known names like Crossword, Stratmark, WH Smith, and Sapna Books.
Their products have also found a digital presence on popular platforms such as Flipkart, Amazon, MenXp, and their official website.
Shark Tank Triumph and Valuation Milestone
In a compelling pitch, Namita Thapar secured a deal, investing INR 65 lakhs for a 3% equity stake, valuing Rare Planet at ₹65 Crores.
The co-founders now proudly hold shares in a company that achieved a staggering revenue of Rs 6 crore in the previous year.
Future Outlook and Unique Entrepreneurial Spirit
Rare Planet, with its vision to expand its footprint and diverse range of handcrafted products, stands as a testament to the powerful combination of entrepreneurship and the promotion of local artistry.
The founders, Ranodeep Saha and Vijay Kumar, not only impressed the sharks but have set their sights on a prosperous future for their distinctive venture.
Rare Planet Shark Tank India 20 Stores Over the India:
Now, Rare Planet has stores in almost 20 cities in India, including Pune, Bangalore, Goa, Mangalore, Vijayawada, Visakhapatnam, Aurangabad, Mumbai, Vadodara, Bhopal, Ahmedabad, Indore, Varanasi, Kolkata, Agartala, Lucknow, Dehradun, Chandigarh, Amritsar, Guwahati, and Jammu.
Rare Planet shark tank Net Worth Analysis:
- In the year 2021 Rare Planet shark tank Net Worth is up to $ 1 million
- In the year 2022 Rare Planet shark tank Net Worth is up to $ 2 million
- In the year 2023 Rare Planet shark tank Net Worth is up to $ 3 million
Now In 2024 Rare Planet shark tank Net Worth is up to $ 5 million
Rare Planet shark tank Social Media:
| 1) | Rare Planet rare.planet 90 posts 26.7K followers 18 following | Instagram id: Click Here | |
| 2) | YouTube | Rare Planet @RarePlanetRP 79 subscribers 8 videos | YouTube id: Click Here |
| 3) | Joined June 2015 38 Following 137 Followers | Twitter Account: Click Here |
FAQ’s About Rare Planet shark tank:
Q1) Who are the founders of Rare Planet shark tank from?
Answer: Ranodeep Saha and Vijay Kumar are the founders of rare planet
Q2 ) Where is the Rare Planet shark tank basically from?
Answer: Rare Planet shark tank basically from Kolkata, India.
Q3) When Rare Planet shark tank is Started?
Answer: Rare Planet shark tank is basically started in the year 2017.
Q4) Who is the Investor of Rare Planet shark tank ?
Answer: Popular Industrialist and shark tank India shark Namita Thapar is the investor in Rare Planet shark tank .
