Rare Planet Shark Tank India Update (Season 1)

Appeared in Rare Planet Shark Tank India Season 1 Episode 25 Kolkata Base is a handcrafted brand. This brand makes handmade terracotta & copper products from different artists in India, whose demand is very high in today’s time. The founder of this company has asked for ₹65 lakhs in exchange for a 1% share of his company in Shark Tank India.

In 2020, the global handicrafts market was valued at USD647.57 billion, this market is growing a lot. India’s handicraft products are most liked all over the world. All Indian handicraft products will be sold in the global market at a very good price. Many states of India are known for their handicraft products.

What Is Rare Planet?

Rare Planet Kolkata Base is a retail lifestyle startup launched in 2017 That promotes and sells Indigenous Indian Handicrafts in offline and online markets along with giving a sustainable income to local artisans. Many Indian craftsmen do not know the right price for their product, because of this middleman, they sell this product directly to the consumer.

So this Rare Planet works exactly like D2C. So first of all this startup started with terracotta kulhads product, and over time it started expanding its product. Right now it sells a wide variety of products like handicrafts, stationery, jewelry, pottery, bottles, and home decor products made from terracotta, copper, ceramic, brass, wood, and marble.

The founder says that his team designs and lists the product. When they get an order for a particular product, they pass the order on to the artisans who work in it. After the order is completed, he makes the payment to the craftsman.

Their product starts at Rs.399.

Company NameRare Planet
FounderRanodeep Shah, Vijaya Kumar TR
Producthandmade terracotta & copper product
Asked For₹65 Lakh for 1% Equity
Final Deal₹65 Lakh for 3% Equity
SharkNamita Thapar
Episode (Shark Tank India)Season 1 Episode 25
Business StatusIn Business
Net Worth/Valuation₹65 Crores
WebsiteVisit Website

Who Is The Founder Of Rare Planet?

So this Rare Planet was started in 2017 by Ranodeep Saha who is the founder of this startup. He has done his BTech degree from the Indian Institute of Information Technology, Kalyani. In 2019, Vijay Kumar was associated with this startup, which is the co-founder of this startup.

Rare Planet Shark Tank has done business for one crore before coming to India. It is currently working with 2,500 local artisans in 5 states. It makes the product available in more than 60 stores including Crossword, Stratmark, WH Smith, and Sapna Books.

It is also available on the online platforms Flipkart, Amazon, and MenXp with its website. The founder says that he made a revenue of Rs 6 crore last year.

This October, he raised Rs 3.5 crore in Ina per-series rounds from Venture Catalysts, and Sagar Daryani, Co-Founder of Wow! Momo.

In 2019, he bought the raised Rs 1.1 cross from Venture Catalysts.

Rare Planet Get Deals In Shark Tank India

The owners of this brand, Ranodeep Saha And Vijay Kumar have pitched the shark very well in Shark Tank India. The founder has asked Shark to invest ₹65 lakhs in exchange for a 1% share of his company.

Notify of
Inline Feedbacks
View all comments
Would love your thoughts, please comment.x