Urban Space stands as a beacon of innovation and quality craftsmanship. Founded by Rohit Agarwal and Radhika Koolwal, this home textile brand boasts a legacy of over 35 years in fabric manufacturing, offering a diverse range of products designed to elevate every living space.
Unraveling Urban Space
Urban Space’s commitment to excellence extends beyond mere aesthetics. With in-house designing, manufacturing, and packaging facilities, they have honed their craft to deliver bespoke solutions tailored to meet the unique needs of their discerning clientele.
From bedding essentials to statement décor pieces, Urban Space strives to redefine the art of home furnishing.
A Dive into Shark Tank India
In a bid to expand their horizons and garner investor support, Rohit and Radhika embarked on a journey to Shark Tank India Season 3. Their pitch resonated with the Sharks and the audience, highlighting their vision to democratize home décor by offering quality products at affordable prices.
However, their ambitious ask of INR 1.8 Crores for 1% equity raised eyebrows among the Sharks, prompting rigorous scrutiny into Urban Space’s business metrics.
Navigating the Waters Post-Shark Tank
While Urban Space did not secure investment from the Sharks, their appearance on Shark Tank India proved to be a pivotal moment in their journey.
Buoyed by the exposure and positive feedback, they emerged stronger and more determined than ever to carve a niche in the fiercely competitive home furnishing market.
Despite the initial setback, Urban Space continues to thrive, with profitability being a cornerstone of their success. With a net profit margin of 27% on an average monthly revenue of 5 crores, they have defied the odds and established themselves as a force to be reckoned with in the industry.
Innovating Beyond Boundaries
Urban Space’s post-Shark Tank journey is marked by a relentless pursuit of excellence and innovation. They have diversified their product offerings, ventured into new markets, and leveraged digital platforms to expand their reach. Through strategic partnerships and collaborations, they have cemented their position as a trusted name in the world of home textiles.
Who Is The Founder of Urban Space?
Rohit Agarwal and Radhika Koolwal are the visionary co-founders behind Urban Space, spearheading its journey towards excellence.
Is Urban Space Profitable?
Yes, Urban Space boasts impressive profitability, with a net profit margin of 27% on an average monthly revenue of 5 crores.
What Happened to Urban Space After Shark Tank?
While they did not secure investment from Shark Tank India, Urban Space capitalized on the exposure to strengthen their brand presence and continue offering quality products to their loyal customer base.
What Is The Valuation of Urban Space?
Urban Space aimed for a valuation of INR 180 crores on Shark Tank India, reflecting their ambitious growth trajectory and market potential.
In essence, Urban Space’s journey post-Shark Tank is a testament to their resilience, creativity, and unwavering commitment to excellence. As they chart new territories and redefine industry standards, their legacy continues to inspire and captivate audiences worldwide.
