Baobab Clothing is a premium apparel and fashion brand that offers sustainable, high-performance polo shirts resistant to shrinking, fading, odors, and wrinkles.
The brand uses Pima Cotton, primarily sourced from Peru, and incorporates nanotechnology in its products. All items are designed in Harlem, New York City.
Baobab Clothing provides a variety of polo shirts and t-shirts, along with eyewear cleaning cloths integrated into the shirts. These versatile shirts are suitable for traveling, sports, and professional settings, priced at $98.
| Company Name | Baobab Clothing |
| Founder | Marcellus Alexander III and Brandon Davenport |
| Founded | 2016 |
| Product | premium luxury polo shirt |
| Asked For | $150K for 10% equity |
| Final Deal | No Deals |
| Shark | No Sharks |
| Episode (Shark Tank USA) | S11 E3 |
| Air Date | Oct 13, 2019 |
| Business Status | In Business |
| Website | Visit Website |
| Headquarters | New York, New York City, United States |
| Lifetime Worth (Sales) | $1 Million+ |
| Go To Amazon | Buy Now |
| Watch On | Amazon Prime |
Another Shark Tank Pitch
Who Is The Founder Of Baobab Clothing?
The co-founders of Baobab Clothing are Marcellus Alexander III and Brandon Davenport, both of whom are currently managing this business part-time.
Marcellus Alexander III
Marcellus has a background in business management and has worked at various companies, including Travelzoo, Hearst, and John Paul. After leaving his job in 2018, he dedicated himself to building his clothing brand. In May 2021, he joined Colgate-Palmolive as a Remote Selling and Digital Capabilities Specialist.
Brandon Davenport
Brandon is a marketing and finance expert. He studied finance at Morgan State University and previously worked at General Assembly. As the marketing head, he has held positions at several companies, including PwC and HyperActive Thinking. In July 2021, he joined Shopify as the Head of Equitable Commerce.
How Was The Shark Tank Pitch Of Baobab Clothing?
Marcellus Alexander and Brandon Davenport entered Shark Tank seeking $150,000 for 10% equity in their brand. They presented their premium polo shirts, which are made of 98% Pima cotton and 2% stretch, retailing at $98 each.
Currently, their gross revenue stands at $85,000, and they have invested $35,000 in the business to date. The duo primarily markets their products online, utilizing social media platforms, especially Facebook ads.
Unfortunately, all the sharks opted out, and Davenport and Alexander left the show without securing any investment.
What Happened To Baobab Clothing After Shark Tank?
Despite not securing an investment on Shark Tank, the founders of Baobab Clothing did not give up. They launched a Crowd SAFE campaign on Republic in 2021, successfully raising $103,459 from 292 investors by April 16, 2021.
Between 2019 and 2020, the company experienced an impressive growth rate of 800%. By 2022, their annual revenue reached around $1 million. As of February 2023, the company remains active, although both co-founders are managing the business part-time.
After the Shark Tank episode aired, thousands of visitors flocked to the brand’s website, with an estimated 10% of them likely making a purchase.
We’ll continue to follow Marcellus Alexander III and Brandon Davenport along with their company for further updates.
What Is The Net Worth of Baobab?
The clothing company sought a $1.5 million valuation on Shark Tank. Although they did not receive any funding, the brand gained significant exposure through free promotion on a national television show, leading millions of viewers to discover their products.
Yes, Baobab is still in business as of February 2023.
