BootayBag is an underwear subscription brand for women featured in Shark Tank Season 12 Episode 2. This brand focuses on providing good-quality underwear to women. The founder of this brand, Shark Tank, ask funding from Shark $500,000 for the growth of his company, in exchange for 5% of his company’s shares.
Underwear is a huge business category, many brands have already made a name for themselves in this niche. After becoming a brand, many of them are unable to maintain the quality of their product, due to which that company gradually goes down. At present, the market value of underwear alone is $30 billion, it is expected that its growth can reach $50 billion in the coming time. Underwear is a very big industry and due to it being a big industry, the competition is equally high.
What Is BootayBag?
BootayBag is an underwear subscription brand that makes flexible and high-quality underwear exclusively for women. According to its official LinkedIn account, this brand was launched in the United States in 2016.
This company works on a subscription and regular basis. If you subscribe to them, then you get some discount on it. Apart from this, whenever he brings some new design collection, first of all, he will give it to you, after that he will be available in regular category for other people.
BootayBag keeps on bringing new designs every month, they customize the underwear according to the user’s feedback and their demand. Their subscriptions are monthly and their sale cost starts from $10 per month in which you get one pair of underwear. If you go for the regular price, you will get this for $24.
BootayBag Shark Tank Update
|Founder||Elly Gheno Shark Tank|
|Product||Underwear Subscription Brand For Women|
|Asked For||$500,000 For 5% Equity|
|Final Deal||$500,000 For 10% Equity|
|Episode (Shark Tank USA)||Season 12 Episode 2|
|Business Status||In Business|
|Net Worth 2022 / Valuation||$5 Million *Approx|
BootayBag Contact Details
|Mobile App||Go To PlayStore|
Who Is The Founder Of BootayBag? – Ellyette Gheno Shark Tank
The founder of BootayBag is Ellyette Gheno Shark Tank This is a brave woman living in San Francisco, California, United States. She started his own startup for her hard work and a great flight, which has become a million-dollar company in today’s time. She made her own website by taking a $300 loan and started marketing it on Instagram, after that she got a lot of good responses.
Right now this business of his comes in the list of top 1000 fashion companies in the United States. She had struggled a lot during the time of her startup.
BootayBag Founder: Ellyette Gheno
BootayBag Before Shark Tank
BootayBag, who was successful even before Shark Tank, built this subscription base underwear sale business model with only a $300 loan. With the money of the same loan, she created a website and on the same website, he run her underwear subscription-based small business. They started getting orders only in two days.
The founder had revealed her sales in Shark Tank, she said that she had generated $3 million in 1 year. BootayBag total sales so far have been $15 million.
Did BootayBag Get a Deal on Shark Tank?
BootayBag founder, Elly Gheno, pitched his business model to Shark quite well after joining Shark Tank. The founder told Shark about this product with a beautiful story. The founder has asked for $500,000 in exchange for her company’s 5% equity in Shark Tank.
The sharks became quite shocked by it after the founder, Elly Gheno, told the sharks about the sales report of her business. She generated sales of $3 million in just 1 year. Shark Kendra Scott made up his mind to invest in this business. She invested $500,000 in exchange for 10% equity in this company.
What Happened To BootayBag After Shark Tank?
The sales rate of BootayBag was already quite good. Founder Elly Gheno started this business single-handedly. After coming to Shark Tank, their sales rate increased a lot because the truce of the people had increased a lot. The funding that this company got from Shark Tank, they used the funding to grow the marketing and manufacturing unity. After that, they have got very good results.
What Is The BootayBag Net Worth?
Talking about the net worth of BootayBag Worth, when he got funding from Shark Tank, his valuation was $5 million. Founder Ellyette Gheno Net Worth It would have grown to $2.5 million in 2022. It is scaling very well, if it continues to scale like this in the coming few years, then it can become a big company.
|BootayBag Net Worth 2022||$5 Million *Approx|
|Ellyette Gheno Net Worth 2022||$2.5 Million *Approx|
How was the experience in Ellyette Gheno Shark Tank?
Founder Ellyette Gheno says that her experience in Shark Tank has been very good. They got a very good deal for their startup, which is a big deal, so it is now ready to fulfill its dream. Ellyette Gheno Shark Tank had a very good pitch.
Next, we will give you information about the BootayBag startup.