Foam Party Hats Featured in Shark Tank India Season 12 Episode 5 is a foam party hats company. This company makes attractive hats for parties and different occasions.
The founders of this hats startup Manuel Rojas And Grace Rojas asked sharks to invest $100,000 in Shark Tank in exchange for 15% equity.
Foam party hats are a unique brand, they have many different types of hats available. According to some recent reports, the valuation of the hats market is $10 billion. Its growth can be considered in the coming time.
There are many companies in the United States that manufacture hats. There are already a lot of businesses that are working on this domain because of their business strategy their business has been successful.
What Is Foam Party Hats?
Foam Party Hats There are fun-themed foam hats for every occasion. This is a Houston, Texas, United States-based company.
In today’s time, people keep doing something to separate themselves from others. It is the hunger of every person that how they get attention, so that’s why they do customized things with the dress, etc.
This foam party hats company was started in making people different through hats. It is a family business and its primary market is Weddings, Birthday Parties, and Corporate Events. It makes unique hats for Festivals, Places, Sports Events, Cruises, etc.
It has designated hats of +600 models listed on its website. If you want your own design then you can submit your design idea on this website. After appearing in Shark Tank, he created a section on his website called Shark Tank Hats.
|Company Name||Foam Party Hats|
|Founder||Manuel Rojas and Grace Rojas|
|Product||Foam Party Hats|
|Asked For||$100k For 15% equity|
|Final Deal||$100k For 25% equity|
|Shark||Mark Cuban and Lori Greiner|
|Episode (Shark Tank USA)||S12 E5|
|Air Date||Nov 13, 2020|
|Business Status||In Business|
|Headquarters||Houston, Texas, United States|
|Lifetime Worth (Sales)||$3.5M *estimated|
|Go To Amazon||Buy Now|
|Watch On||Amazon Prime|
Another Shark Tank Pitch
Who Is The Founder Of Foam Party Hats?
This foam party hat is the founder of the company, Mother & Son, whose name is Grace and Manuel Rojas.
Co-founder Manuel, who comes from a chemical engineering background, did his studies in Houston, Texas. Grace handles the design of the huts in this business.
Manuel who has seen the marketing part of this company, he also does chemical engineering job. They have a small team that sells hats online. With this, he is present on an online website like Amazon.
Foam Party Hats Before Shark Tank
Foam party hats had done a lot of sales before Shark Tank. So most of their sales have come through online. It is slowly taking its product to the offline market, its products are available in many retail stores of Texas, it is scaling very well.
Did Foam Party Hats Get a Deal on Shark Tank?
Mother and son Manuel Rojas And Grace Rojas, founders of Foam Party Hats, gave their presentation in an eye-catching manner in Shark Tank. Shark liked this presentation very much, so Shark checked the quality of its product and its usability.
The founder asked Shark to invest $100,000 in his company in exchange for 15% equity. There was a lot of argument between the founder and the investor regarding this.
Finally, Mark Cuban And Lori Greiner made up their mind to invest in this business, they invested $100,000 in this company in exchange for 25% equity.
What Happened To Foam Party Hats After Shark Tank?
Foam party hats were known in Texas Cities in their early days, but after participating in Shark Tank, they became known to everyone in the United States.
Looking at their idea, there are many people who are doing this business but people trust this foam party hats company, and hence their sales are also very high. They come in the time of maximum sales occasion.
Lori’s deal with this business is not closed yet. This company has launched many new products to expand its for different categories.
Right now these party hats are also available on Amazon, if you want to buy it, then it is given below for it. The winning product of this brand is Crocodile Hats. In June 2022, 1674 Crorodile Hats of this brand were sold.
What’s New On
This United States based brand ships hats to over 30 countries including Spain, UK, France, Singapore, Canada, Italy, China, Israel, New Zealand and more.
Crocodile hats from this brand were featured at the February 2023 “Mardi Gras! Galveston” event. The products of this brand are available in 750+ stores in the United States.
Foam Party Hats Shark Tank Update
Son and mother, Manuel and Grace are the founders of this company and they gave a very good pitch in Shark Tank. This unique hats company got successful funding in Shark Tank. After getting funding, many people even bought hats of this brand for parties.
March 3, 2023 Information about the sales of this brand was revealed in Shark Tank Season 14 Episode 15. From appearing on Shark Tank to March 2023, the company has generated $1.3+ million in sales.
Its products are available in 750+ stores nationwide and the founder has purchased a lot of equipment to automate the manufacture. This company has been scaling very well since Shark Tank.
We’re following Manuel Rojas and Grace Rojas along with their company for further updates.
What Is The Net Worth of Foam Party Hats?
The valuation of the foam party hats company after the deal in Shark Tank was $400,000 when the company was appeared by Shark Tank.
They hold all types of hats and have an average price of $39.99 for their hats. If you order more than $250 from their website, you will get free shipping in the United States. Currently Foam Party Hats worth could be $1.9 million in 2023.
Is Foam Party Hats Still In Business?
This hat company was growing very well before appearing in Shark Tank. The store of this brand on Amazon is getting very good response from the people.
Sales increased rapidly after this company got funding. Mark and Lori proved to be successful investors for this company.
The official headquarter of this company is in Houston, Texas, United States and it employs 5-10 people according to its LinkedIn profile.
Yes, Foam Party Hats is still in business as of March 2023.
frequently asked questions
Which is the best seller of the Foam Party Hats brand?
The best selling hats of Foam Party Hats brand are Jester Hat and Crocodile Hats.
Did the foam party hats get a deal on Shark Tank?
Yes’ foam party hats found funding in Shark Tank. Mark and Lori invested in this company.