What is Rooftop?
Rooftop is a mobile application that offers different courses on traditional art forms. Renowned artists have created these courses. One can easily book these courses through the application. One can book different art workshops also.
There are more than 200 traditional art forms in India. Most people don’t know about these art forms and as days pass these art forms are disappearing from society.
With the help of the Rooftop app, these art forms will be preserved. At the same time, these artists can earn a livelihood. More than 3000 artists are currently partnered with the Rooftop app.
Who is the Founder of Rooftop?
Kartik Gaggar is the founder of Rooftop. He’s from Mumbai. He previously worked in a management consultancy firm.
Rooftop Before Shark Tank India?
More than 60,000 people have booked art workshops through the Rooftop app.
How much money did he ask for on the pitch?
He came to Shark Tank India seeking ₹2 Crores for 4% equity in the company Rooftop. Which gives the company a valuation of ₹50 Crores.
With the funding, he wanted to make the user experience better. He wanted to experiment with regional and foreign language content. He wanted to do more marketing of the app.
How much money did he raise for Rooftop?
He didn’t raise any money from outside investors. He took a loan of ₹3.25 Crores from his mother. He comes from a well-to-do family.
How to use the Rooftop app?
When a user opens the Rooftop app, he can browse all the art forms available. He can learn the history of any art. He can understand the importance of that art. He can get information about actual artists performing that art.
The app has multiple language options.
In the application, there are live classes and pre-recorded classes. If someone wants to learn the art form on-site, he can do that as well.
Unit Economics of Rooftop
Their monthly active users are 4500. The average customer acquisition cost is ₹1000. The monthly burn is ₹15 Lakhs.
Pricing of different services in Rooftop
|₹1000 ~ ₹2000
|₹2500 ~ ₹8000
What are the Annual Sales of Rooftop?
|2023 – 2024
|₹2.25 ~ ₹2.6 Crores Projected
Monthly sales are ₹8 Lakhs.
Which shark gave Rooftop an offer?
Vineeta Singh was out. She thought there was no product-market fit done yet.
Namita Thapar was out. She thought the business model wasn’t scalable. That’s why she didn’t give any offer.
Aman Gupta was out.
Anupam Mittal was out. He thought the founder wasn’t capable of running a business.
Deepinder Goyal was interested in making the app a marketplace. He asked a couple of questions but later got out and didn’t offer any deal.
What deal did Rooftop get in Shark Tank India?
Rooftop didn’t get any deal in Shark Tank India.
|₹2 Crores for 4%
|Company Net Worth
What is the net worth of Rooftop?
The net worth of Rooftop is ₹50 Crores according to the founder.
Is Rooftop still in Business?
Yes, Rooftop is still in the art form business.