Last updated on 18 February 2024.
Find everything about Rooftop’s pitch on Shark Tank India, founder Kartik Gaggar, and the latest updates about the company!
Rooftop on Shark Tank India
This startup wants to connect the new India with its old art heritage.
Here are the key details about their pitch on Shark Tank:
| Name | Rooftop |
| Founder | Kartik Gaggar |
| Episode | Season 3 Episode 9 |
| Ask | ₹2 Crores for 4% Equity |
| Deal | No Deal |
| Sharks | NA |
| Status | In-business |
Rooftop App offers live video courses and workshops to learn more about different art forms of Indian culture. These courses are created by award-winning artists. You can even book workshops both online and offline.
The entrepreneur was asking for ₹2 crores for 4% equity, which means a valuation of ₹50 crores. The plan is to launch an online marketplace soon. The idea was good but the pitch was a little confusing for the sharks.
Sharks thought the business model is quite complex for such an early-stage product and the numbers are not lining up perfectly. They are burning money at the stage, where Anupam questions him whether he has any other plans or not.
This is the reason why Vineeta was out because she thought that the model was not clear and needed more planning. Everyone else has similar views. Anupam was a little harsher than others.
Only Deepinder seemed interested and he wanted to know what the money would be used for. He saw a future in converting it into an online marketplace, but there were already many players in that area.
Watch the full pitch here:
Rooftop left Shark Tank India with no offers and no deal from any sharks.
About Kartik Gaggar
Kartik Gaggar is the founder and CEO of Rooftop, currently headquartered in Mumbai, Maharashtra.
Kartik finished his CA in 2013 and worked as a consultant in PwC for a few years, but his passion was in art and culture. So, he did a lot of research, connected with many artists in the country, and created courses for people to learn them.
So, he started Rooftop and Rajasthan Studio in 2019. Rajasthan Studio provides traveling experiences to visit offbeat locations and attend workshops. He does all this with his investment firm Kamaai Capital.
After Shark Tank Updates
Even if the comments were a little sharky, the founder took it in the right way. He mentioned that he had a detailed discussion with Shark Deepinder about how he created a community of artists. He wished it was shown on live TV.
Rooftop has made many changes after the pitch by reducing the acquisition cost and focusing more on growing active users. In a LinkedIn post, Kartik mentioned: “As we go forward, Rooftop’s focus is on scaling, profitability, and making art accessible”
By the way, other businesses featured in this episode were Pizza Galleria and AI Cars.
Here is more about their company: “Rooftop is India’s leading online learning platform for live art workshops and professionally curated art courses. Our mindfully selected classes help bridge the gap between artists and art lovers, making art easily accessible and approachable for all those who seek it. Our app not only provides creative services but also connects art enthusiasts to form an exclusive art community unlike anything seen before. Rooftop’s mission is to become a pioneering leader in the art industry by sculpting conceptual art and fostering creative genius. We aim to build a unique and transcendental community that empowers artists to bring their concepts to life.”
Takeaways
So now you know about the pitch of Rooftop Art Courses on Shark Tank India. We believe the mission is great but the method is still not crisp.
And if you don’t know who I am? I am Ranish Chauhan a.k.a. Fulmino Fan, a Fan of the Shark Tank show.