NerdiT Now Shark Tank Update (Season 11)

NerdiT Now is a Mobile, Computer & Electronic Device repairs and resell business. In addition to repairs, you can sell old phones to them. They also offer device donation, recycling, and technical training services.

Who Is The Founder Of NerdiT Now?

Markevis Gideon is the founder of NerdiT Now Company. Along with running this company, he also worked as a fellowship in the Metropolitan Wilmington Urban League. He is the co-founder of Speaker Angel, an investment company. He is also known as a speaker coach, he joined TEDx as a speaker.

How Was The Shark Tank Pitch Of NerdiT Now?

Jonathan, Jake, and Markevis enter Shark Tank and ask the sharks for $150k for 20% equity. They gave a very good presentation.

They need funding so that they can buy the motherboard for the build of software. So far this year they have had sales of $74,000, with an estimated $250,000 by the end of the year.

Last year their sales were $157,000. In an ambulance, they make around $30,000 in one month. All the sharks said this business is not investable and it is early, so they are out.

Finalized: NerdiT Now didn’t get the deal in Shark Tank.

NerdiT Now Shark Tank Update

During 2020 Covid-19, they had to face a lot of struggle, because they did not get many devices for repair due to the supply chain being destroyed.

Some positive things also happened to him with difficulty. They received a grant amount of $75,000 from Discover Bank. They donated many laptops and computers, and in 2020 their goal was to provide 1,000 laptops to students.

They received $2,500 as the 2020 Reventing Delaware winner. They received a $25,000 grant from Capital One and a $100,000 grant from Barclays to distribute refurbished devices to KIDS.

They established the NERDiT Foundation in 2021, through which they donate mobile, laptop, desktop, etc. devices to people for free.

According to delawarebusinesstimes, Gideon said that 40% of the staff in his company are women.

In December 2022, they designated East Side Charter’s 47,000-square-foot warehouse as their NERDiT NOW recycling headquarters.

Till April 2023, this company has donated 7,392+ computers and has also repaired 4,729+ devices. The annual revenue of this company is estimated at $4.8 million.

What Is the Net Worth of NerdiT Now?

All the asset and liability data of this company have not been disclosed. The net worth has been calculated by considering lifetime sales and the last valuation, estimated to be $7.5 million.

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