Rare Planet's remarkable performance in the past two years, following a successful deal on the show, has now achieved a groundbreaking milestone.
CEO of Emcure Pharmaceuticals, Namita Thapar.
The business reality show 'Shark Tank India' made its debut in the Indian market in 2021, providing a valuable platform for a diverse range of entrepreneurs to showcase their businesses. One particularly notable success story from the show is Rare Planet, now acknowledged as India's largest airport retailer. Rare Planet's exceptional performance in the last two years, following a successful deal on the show, has achieved a landmark milestone, marking the first-ever exit for a Shark with a 3.5x return on their investment. Founded as a venture during the first year of BTech by Ranodeep Saha and later joined by Vijaya Kumar TR as Co-Founder, the success of this company serves as a testament to the opportunities and recognition that Shark Tank India has brought to aspiring entrepreneurs in the country.
Ranodeep Saha's outstanding pitch alongside co-founder Vijaya Kumar TR in Season 1 of Shark Tank India made a lasting impression on the sharks, particularly Namita Thapar. The pitch seamlessly integrated the company's commitment to social responsibility, leading Thapar to make an independent investment in the company. Within just two years of securing funding from the show, Rare Planet has experienced remarkable growth, witnessing a 5X increase in revenue and double-digit PAT profit.
Namita Thapar was impressed by Rare Planet's exceptional revenue achievements and commendable impact on the lives of over 10,000 artisans. Since the initial investment by Namita and their appearance on Shark Tank India 1, Rare Planet's footprint has significantly expanded with a 12X growth in stores across India. Beginning with a presence in 5 airports, the company now operates in over 37 airports with 50 stores nationwide.
The third season of the business reality show, Shark Tank India, has enlisted Radhika Gupta, Ritesh Agarwal, Deepinder Goyal, and Azhar Iqubal as the new judges for this year. The show can be watched anytime on Sony LIV app.