Biography of Rohit Agarwal: Founder and CEO of Urban Space- Entrepreneur
Biography of Rohit Agarwal:
A Vision for Beautiful Homes
Rohit Agarwal, an MBA graduate from the Management
Development Institute (MDI), Gurgaon, with a background in mechanical
engineering from Nirma University, co-founded Urban Space with Radhika Koolwal
in 2018. Driven by the belief that "everyone deserves a beautiful
home," Rohit embarked on a mission to democratize home decor and
furnishing. Urban Space offers quality products like bedspreads, curtains,
quilts, and cushion covers at affordable prices, ensuring accessibility to all,
irrespective of location, type, or budget.
Educational Foundations and Leadership Roles
Rohit pursued his MBA in Marketing and Operations at MDI
Gurgaon, graduating with distinction. During his time there, he served as
Secretary for Delphique 2011, the institute’s national management convention.
Earlier, at Nirma University, he completed his Bachelor’s in Mechanical
Engineering, where he held leadership roles, including Joint Secretary of
Ingenium and a core member of the Placement Committee.
Professional Journey Before Urban Space
Rohit's professional path began in the corporate sector. At
HCL Infosystems, he handled sales and distribution for Nokia in Maharashtra,
driving revenue growth and reorganizing the distribution structure. Later, at
Amber Textile Mills, he gained expertise in home furnishing fabrics, overseeing
production and sales for nearly eight years. This experience laid the
foundation for his entrepreneurial venture in the home textiles sector.
Biography of Rohit Agarwal: Founder and CEO of Urban Space- Entrepreneur/ Urban Space story/shark tank/startup/Rohit Agarwal story/age/net worth
The Birth of Urban Space
Recognizing a gap in the organized home furnishing market,
Rohit and Radhika launched Urban Space. Based in Ahmedabad, the company
distinguishes itself through in-house design, manufacturing, and packaging
capabilities. This approach enables flexibility and customization, offering a
wide range of high-quality products while maintaining affordability and
innovation.
Shark Tank India Experience
In February 2023, Urban Space appeared on Shark Tank India
Season 3, episode 17. Rohit and Radhika pitched their vision to the Sharks,
emphasizing their annual revenue of ₹45 crores and profitability. They sought
₹1.8 crores for 1% equity at a valuation of ₹180 crores. Despite engaging
discussions on revenue, profit margins, unit economics, and market
differentiation, they did not secure a deal due to a mismatch in valuation
expectations.
A Profitable and Growing Venture
Despite not closing a deal on Shark Tank, Urban Space
continued to thrive. The brand's profitability, with an average monthly revenue
of ₹5 crores and a net profit margin of 27%, underscores its success. The
appearance on the show garnered significant audience attention, bolstering the
brand’s reputation and reach in the competitive home furnishing market.
A Commitment to Innovation and Accessibility
Urban Space is the only brand in its domain that covers
multiple product categories. Its omni-channel approach ensures customers can
purchase products through its official website or leading marketplaces like
Amazon and Myntra. The brand remains committed to innovating its offerings
while keeping prices competitive, making stylish home textiles accessible to a
broad audience.
Challenges and Market Insights
During the Shark Tank discussion, the Sharks explored Urban
Space’s approach to addressing the unorganized nature of the home furnishing
market. Questions about product differentiation and strategic positioning
highlighted the founders’ deep understanding of market dynamics and their
commitment to creating a unique brand identity.
Community and Team Building
Urban Space thrives on a passionate team dedicated to
e-commerce, data-driven decision-making, digital marketing, and product
innovation. Rohit actively seeks like-minded individuals to strengthen the
company’s core team, fostering a culture of creativity and growth in the home
and kitchen sector.
Looking Ahead
While Urban Space did not secure funding on Shark Tank, the
experience reaffirmed its vision and inspired greater customer trust. The
company continues to grow, offering high-quality, customizable home furnishing
solutions. Urban Space is proof that with the right mix of passion, expertise,
and innovation, one can transform challenges into opportunities and create a
lasting impact in a competitive industry.
A timeline based on journey:
2018 - Rohit Agarwal co-founded Urban Space with
Radhika Koolwal.
2011 - Rohit served as Secretary for Delphique
2011 at MDI Gurgaon.
Before 2018 - Rohit worked at HCL Infosystems
and Amber Textile Mills.
February 2023 - Urban Space appeared on Shark
Tank India, seeking investment.
2023 - Despite no deal on Shark Tank, Urban
Space continued to thrive with ₹45 crores annual revenue.
2025 - Urban Space remains profitable, with a
27% net profit margin and a strong commitment to innovation.
