Matador Meggings is a fashion brand that mainly sells men’s leggings. This business was founded in 2019 by Valentine Aseyov to provide comfortable and perfect leggings for men.
At one time Aseyov was training to become a yoga teacher and most of the students there were female. All the females were doing yoga training by wearing leggings. He needed a pair of leggings for yoga training but couldn’t find comfortable leggings.
He began making leggings for men using “No-VPL (Visible Penis Line)” technology, and Matador leggings were born.
Valentine Aseyov appeared in Shark Tank Season 15 Episode 2 to expand his business. Aseyov sought funding from the Sharks to move the brand forward.
What Is Matador Meggings?
Matador Meggings is a men’s leggings brand that sells leggings, short pants, bike gear, and tops. Apart from being comfortable, these leggings are also perfect for cycling, bike riding, mountain reading, etc.
Each pair is available with a modesty post, phone pocket, t-shirt loop, zipper pocket, and inner Drawstring. This is an all-in-one solution. The average cost of a pair of meggings is $90 and you can buy it from the official website.
|Company Name||Matador Meggings|
|Product||Collection of leggings for men|
|Asked For||$250k for 10% equity|
|Final Deal||No Deals|
|Episode (Shark Tank USA)||S15 E2|
|Air Date||Oct 6, 2023|
|Business Status||In Business|
|Headquarters||Miami, Florida, USA|
|Lifetime Worth (Sales)||$2.4M *estimated|
|Buy and Watch||Buy Now||Amazon Prime|
Another Shark Tank Pitch
Who Is The Founder Of Matador Meggings?
Valentine Aseyov is the founder and CEO of Matador Meggings Company. He started this business in 2019.
After studying management at Boston University, Aseyo worked in the marketing department of Facebook for 7 years. He started Matador Meggings after running Valentine Aseyo Consultancy for many years.
How Was The Shark Tank Pitch Of Matador Meggings?
After entering the Shark Tank, Valentine Aseyov demanded $250k from the sharks for 10% equity. Valentine gave a very interesting presentation. Total sales of $2 million have been made by May 2023.
The business had sales of $365,000 in the first year and sales of $800,000 in the second year. Sales for 2022 were $620,000 and this year’s sales are projected to reach $1 million. Making Cost of Meggings is $18 and the Retail Cost is $92
So far $200k in sales have been made in 2023, and 97% of total sales are direct to consumers. All the Sharks refused to invest in Matador Meggings.
What Happened To Matador Meggings After Shark Tank?
Matador Meggings did not get investment in Shark Tank but because of Shark Tank, the brand got free promotion on national TV. There are many people who do yoga and gradually the percentage of people doing yoga is increasing, they will definitely like this product.
What’s new on Matador Meggings
Last Update: October, 2023
Recently this brand has launched a new style of reverse blue camo meggings, its cost is $91.90.
Matador Meggings Shark Tank Update
Matador Meggings didn’t get the deal on Shark Tank. Right now we do not have much information available related to this brand, if any information is available then we will update it on this post.
What Is Matador Meggings Net Worth?
Matador Meggings’s net worth is estimated at $1.5 million. According to 2021 data, the global leggings market size was estimated at USD 34.25 billion and this figure is increasing every year. Every apparel brand in the United States makes leggings, but there are few brands that focus on men’s leggings.
Is Matador Meggings Still In Business?
The Matador Meggings brand is focusing its men’s leggings on the upper body. To expand the business, there is a need for a brand face along with better marketing.
The headquarters of this retail apparel and fashion company is in Miami, Florida, United States, and 2-10 employees are working in it.
Yes, Matador Meggings is still in business as of October 2023.
frequently asked questions
Who founded Matador Meggings?
Matador Meggings was founded by Valentine Aseyov.
Did Matador Meggings get a deal on Shark Tank?
Matador Meggings didn’t get the deal on Shark Tank.