Matador Meggings Shark Tank Update (Season 15)

Matador Meggings is a brand specializing in men’s leggings, offering a range of products, including leggings, shorts, biking gear, and tops. These leggings are not only comfortable but also ideal for activities like cycling, biking, and hiking.

Each pair features a modesty panel, phone pocket, t-shirt loop, zipper pocket, and inner drawstring, providing a comprehensive solution for active men. The average price for a pair of meggings is $90, and they are available for purchase on the official website.

Another Shark Tank Pitch

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Who Is The Founder Of Matador Meggings?

Valentine Aseyov is the founder and CEO of Matador Meggings, which he established in 2019.

Aseyov studied management at Boston University and accumulated seven years of experience in the marketing department at Facebook.

After his tenure there, he launched Matador Meggings following his time running Valentine Aseyo Consultancy.

How Was The Shark Tank Pitch Of Matador Meggings?

After entering Shark Tank, Valentine Aseyov asked the Sharks for $250,000 in exchange for a 10% equity stake. Valentine delivered a captivating presentation. As of May 2023, the company has generated total sales of $2 million.

The business achieved sales of $365,000 in its first year, $800,000 in the second year, and $620,000 in 2022. Projections for this year indicate sales will reach $1 million. The cost of producing meggings is $18, while the retail price is $92.

So far in 2023, Matador Meggings has generated $200,000 in sales, with 97% of total sales coming directly from consumers. Despite this success, all the Sharks declined to invest in Matador Meggings.

Matador Meggings Shark Tank Update

Recently, the brand introduced a new style of reverse blue camo meggings, priced at $91.90.

Matador Meggings didn’t secure a deal on Shark Tank. Currently, there isn’t much information available about the brand. If any updates become available, we’ll post them here.

What Is Matador Meggings Net Worth?

Matador Meggings is estimated to be worth $5 million, based on the company’s lifetime sales and valuation.

The retail apparel and fashion company is based in Miami, Florida, and employs 2-10 staff members.