Urban Space is a home textile brand with an experience of over 35 years in fabric manufacturing. Their team works hard to provide you with good quality and unique pieces to refresh your home space.
More About Urban Space
Urban Space as a brand has In-house designing, manufacturing, and packaging facilities that give them the flexibility required to offer highly customized solutions.
Founders of Urban Space
Rohit Agarwal and Radhika Koolwal are the co-founders of Urban Space, a complete home textile brand.
Urban Space Shark Tank Pitch and Updates
Rohit Agarwal and Radhika Koolwal appeared on Shark Tank India season 3 and shared details about their home textile brand Urban Space.
The founders started their pitch by sharing how important our houses are for us and we want to style them in the best possible ways. But, it takes both time and money to decorate a house and not everyone can afford that. To help people find quality textile products at affordable prices, they started Urban Space.
As per the founders, Urban Space completes all its customers’ home furnishing needs. They are the only brand that deals with so many product categories. Their products can be ordered through their official website and also through leading marketplaces like Amazon, and Myntra.
After that initial pitch, the founder demanded INR 1.8 Crores for 1% equity at a valuation of INR 80 crores.
After that, the Sharks started asking various questions about their business:
- All the Sharks were in shock because they asked for a valuation of 180 crores for their business.
- Aman Gupta asked the founders why they were asking for such a huge valuation. Rohit, the co-founder answered that they are on an annual revenue of around 45 crores.
- Namita Thapar asked them about their top categories and what are the major SKUs. She also wanted to understand the differentiation factor that puts them ahead of their competitors.
- Anupam Mittal asked them about their sales, profit margins, and how much is forecasted for the upcoming years.
- Amit Jain as usual asked them about their unit economics and how much profit margins they do have.
- Vineeta Singh asked them why this market was unorganized and why no brand was ever made in this category.
After all the discussion, the founders received two investment offers from Anupam Mittal and Amit Jain. In the end, they were not able to close a deal because the offers did not match their expectations.
| Company Name | Urban Space |
| Founders | Rohit Agarwal and Radhika Koolwal |
| Headquarters | Ahmedabad |
| Founded Year | 2018 |
| Business | Home furnishing Brand |
| Profitability | Yes |
| Shark Tank Episode | Season 3 – Episode 17 |
| Asked For | INR 1.8 Crores for 1% equity |
| Deal | No Deal |
| Sharks Invested | No Deal |
| Valuation Given | No Deal |
| Website | Click Here |
Urban Space was not able to secure an investment from the Sharks because their expectations were higher than their offers.
Frequently Asked Questions About Urban Space
After their appearance on Shark Tank India Season 3, people tried to find more information about Urban Space. So here are some of the frequently asked questions about them.
1. Who Is The Founder of Urban Space?
Rohit Agarwal and Radhika Koolwal are the co-founders of Urban Space, a complete home textile brand.
2. Is Urban Space From Shark Tank India profitable?
Yes, Urban Space is a profitable home furnishing brand with a net profit margin of 27% on an average monthly revenue of 5 crores.
3. What happened to Urban Space after the Shark Tank?
Urban Space was not able to secure any investment from Shark Tank India. However, they received a good response from the audience and they are now offering a special deal on their website.
4. What Is The Valuation of Urban Space?
Urban Space came on Shark Tank India to raise investment at a valuation of INR 180 crores.
