Urban Monkey is another home-grown brand of India, know if the company got a deal on the Sony TV show Shark Tank India and who is its owner
Urban Monkey is one of the most popular hype beast brands of India.
Who Is The Owner Of Urban Monkey, Revenue And Turnover Of The Company Selling Caps And Glasses
Yash Gangwal, the founder of Urban Monkey himself being a huge hip-hop enthusiast and a skateboarder, founded this company intending to provide the necessary items skateboarders, athletes, and underground artists in India. During their initial days, they started with designing and selling caps and skateboards. Now they are the largest brand selling headwear in India.
Urban Monkey has a specialization in designing and selling caps and accessories but posts their popularity, they have launched various streetwear and lifestyle section. The company has till date done business to the tune of Rs.5 crore in revenue.
As the emergence of streetwear fashion has become one of the latest trends globally, it has also gained popularity in India by breaking its limitation of this style to be only reserved for artists and countercultures. In this trending market for streetwear, Urban Monkey has made it easy for people to choose products with style, comfort, and quality with their variety of streetwear and, hype beast clothing style to get the street style on point.
Did Urban Monkey Get A Deal On Shark Tank India And Its Valuation
Urban Monkey started with very the basic with a small office at Charni road with no employees, simply designing products for skateboarders and street stylers. But later on, they collaborated with Dharavi United which helped them to gain quite a lot of popularity. But their main breakout was after the movie โGully Boyโ, where their products were used heavily, and now, their sales have reached 50,000 products yearly.
Soon afterward their huge popularity, they also partnered with Rannvijay Singh, Raftaar, Bhuvan Bam, and Gully Gang. They are very famous among many dancers, athletes and, influencers.
During the famous show, Shark Tank, the owner and CEO, Yash had demanded Rs.1 crore for 1% of the company, putting its valuation at Rs.100 crore but he failed to strike a deal with anyone.
โItโs heartening to see that our vision and hard work has been appreciated by such noted Entrepreneurs and Venture capitals. We will continue to strive to be at the forefront of new-age Streetwear fashion and support the Hip Hop and Underground Community in India,โ says Yash Gangwal the Founder of the company.
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