• Investment Memo: Rare Planet
  • Date: 17th March, 2022
  • Stage: Pre Series A
  • About the company: Building Asia’s number 1 airport retail brand which is purpose driven
  • Why I invested in the company:
    • Diverse founding team with depth, diversity and hustle mentality to operate within constraints
      • Ranodeep Saha - Btech + Student founder + Started this to pay for his college
      • Vijay Kumar TR - MBA + Regional manager at Swarovski and Lladro relevant retail experience + 30 years of experience
    • Interesting niche with large TAM
      • Purpose driven
      • Airport retail
    • Strong traction
      • 5 airports - 1 CR MRR - during COVID, EBITDA +
      • Shark tank exposure
    • Good investors
      • Sagar Daryani, Namita Thapar, VCATs, etc
      • Namita came in on the same valuation as her deal on shark tank was negotiated
    • Post investments - Won tenders for 16 airports including Bangalore T2
    • Good exits in this space - Can become the next FabIndia