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