Cincha Travel is a brand that designs travel belts and beltbags. Small size bags can be attached with large luggage through this travel belt and the belt looks stylish. Through this belt it becomes easy to handle another bag along with the luggage.
There are many people who carry multiple bags along with their luggage and sometimes the bag gets lost. In this way there are many people who face security issues at the airport and while traveling.
To solve this type of problem James H. Baker and Ashley M. Sharma both started this Cincha Travel Company in 2019. Both these couples are seasonal travelers and they had experienced the bag security issue while traveling.
Both these co-founders appeared in Shark Tank Season 14 Episode 19 and asked the sharks for $200,000 for 15% equity at $1.3 Million Valuation. It is a new startup promoting a comfortable and stylish travel experience.
What Is Cincha Travel?
Cincha Travel is an Oakland, California based brand that designs travel belts and belt bags. The small bag can be attached securely to a large suitcase using belts.
Metal buckle, vegan leather accents and herringbone patterned nylon have been used to make this belt. The brand also offers custom designed belts and belt bags.
The brand launches new limited-edition patterns every season and users can buy them by visiting the brand website. The average cost of a travel belt is $35.99 and the cost of a belt bag is $75. This product is also available on Amazon.
|Company Name||Cincha Travel|
|Founder||James H. Baker and Ashley M. Sharma|
|Product||Travel belt and belt bag design brand|
|Asked For||$200k for 15% equity|
|Final Deal||$100k + $100k as a line of credit for a 25% equity|
|Episode (Shark Tank USA)||S14 E19|
|Air Date||April 7, 2023|
|Business Status||In Business|
|Headquarters||Oakland, California, United States|
|Lifetime Worth (Sales)||$2.3M *estimated|
|Go To Amazon||Buy Now|
|Watch On||Amazon Prime|
Another Shark Tank Pitch
Who Is The Founder Of Cincha Travel?
James Baker and Ashley Sharma are the co-founders of Cincha Travels, both of these couples started this company in 2019.
Both these couples are natives of the Bay Area. Ashley is a marketing director for a consumer packaged goods brand and has worked in a number of companies.
James is a civil rights lawyer, he works as a supporter of this company.
Cincha Travel Before Shark Tank
Ashley and James are both a couple and belong to the Bay Area. Both of them are seasonal travelers and travel to different places through flights.
They faced a security issue regarding the bag, to securely attach the personal bag with a large luggage.
The brand partners with the nonprofit Miles4Migrants and donates 100 frequent flier airline miles for every travel belt sold.
In 2021, this brand had collected 500,000 airline miles and many families got direct benefits from this. By March 2021, the brand has donated 1 million miles.
What Happened To Cincha Travel After Shark Tank?
Cincha Travel Business receives $100K funding from Barbara Corcoran on Shark Tank for 25% equity and an additional $100K as a loan.
Some users on Twitter have shared their opinion regarding this belt. A Twitter user @LISA_C1990 says, she has been using this Cincha travel belt for more than 2 years and she likes it.
Cincha Travel Shark Tank Update
After both James and Ashley entered the couple shark tank, they explained the product to the sharks. They also told Shark to what extent this business can be scaled and what is the current market share of this industry. Many things related to this business were discussed.
We’re following James H. Baker and Ashley M. Sharma along with their company for further updates.
What Is The Net Worth of Cincha Travel?
The current estimated worth of Cincha Travels is $400,000. This company was officially launched in 2019 and in 2021, this company had completed 1 million miles donation by 2021.
According to some media website, the global market size of luggage & bags industry in 2023 is estimated to be $28.73bn. It is being estimated that the market value of this industry is going to increase further.
Is Cincha Travel Still In Business?
The travel belt and belt bag maker was able to generate some sales in the initial period after launching the company.
Luggage belts were present in the industry for a long time but it was very rare to have a good stylish designed belt.
The brand has been featured in several media publications including Travel Pulse, Travel Noire, HuffPost and many more.
The current headquarter of this company is in Oakland, California, United States and it will employ 1-5 people.
Yes, Cincha Travel is still in business as of April 2023.
frequently asked questions
What is the Cincha Travel Worth?
The current estimated worth of this company is $400k.
What Is the Cost of Travel Belt Bag?
The cost of the Travel Belt Bag is $75 and this product is available in multiple colors and patterns.