Pabiben Rabari is the creator of the website pabiben.com.
PERSONAL INFORMATION
She is originally from Gujarat. She sees herself as both a businesswoman and an artist. Nilesh Priyadarshi and Nupur Kumari are also involved in this venture. Pabiben was only three years old when her father passed away. Nilesh spent ten years in Kutch doing handicrafts. Nilesh assisted with marketing, and Nupur assisted with design. Nupur, Pabiben, and Nilesh each have a 33.3% equity stake in the company.
ABOUT THE COMPANY PABIBEN
Rabari art is taught to women in their community from an early age. However, big designers purchase this artwork at a lower cost and resell it at a higher price. As a result, the women receive neither money nor recognition.
This had a significant impact on Pabiben Rabari. pabiben.com is an online platform that promotes artists. They produce various types of bags, accessories, and gift boxes for consumers. Their vision is to find such artists from all over India, give them name recognition, launch their business, and represent their work to the rest of the world.
This company is involved in three initiatives.
The first is pabiwan.com, which sells Rabari embroidery products.
Karigar clinic, where female artists are subjected to hell-checks
The Karigar ki dukan platform allows employees to investigate the product market.
Inquire with Pabiben, the owner.
At a valuation of 10 crores, the owner requested 50 lacs for 5% equity in the company.
SHARK TANK
A machine embroidery bag costs $1790, while a handmade embroidery bag costs $6900. They have approximately 500 SKUs. The lifetime sales amount to 2 crores. Sales in FY 21 to 22 are 36 lakhs, 28 lakhs in FY 20 to 21, and 33 lakhs in FY 19 to 20. The net margin is 35% and the gross margin is 50%.
Namita offered 5 lakhs for 2% equity and 45 lakhs in debt at 0% interest.
The owners make a counter-offer of 10 lakhs in exchange for 5% equity and 40 lacs in debt at 0% interest.
The final agreement was reached with Namita for 10 lakhs for 5% equity and 40 lakhs in debt at 0% interest.
