ootBox is a company that provides movable, temporary, and aesthetically pleasing workspaces. It participated in Shark Tank Season 13, Episode 16. ootBox addresses the need for a quiet and functional workspace by offering a temporary office solution. The founder of this company sought $300,000 in exchange for 5% equity.
Many aspiring entrepreneurs and small business owners struggle with high office rental costs, making it difficult for them to afford a dedicated workspace. ootBox provides a cost-effective solution by transforming a 10-foot shipping container into a functional office. This innovative startup caters to individuals who work from home but need a separate, private space for their work.
Founded on November 12, 2020, and based in Columbus, Ohio, ootBox offers a unique approach to workspace solutions. Founder Robbie Friedman was inspired to create ootBox after needing a separate workspace near his home.
The company’s model stands out because it offers a rental service for $1,500 per month, making it a more affordable option compared to other companies that sell small offices for hundreds of thousands of dollars.
In essence, ootBox provides a flexible and innovative workspace solution that addresses the growing need for temporary office spaces.
| Company Name | OotBox |
| Founder | Robbie Friedman and Allison Zofan |
| Founded | June 2020 |
| Product | Full-service offices delivered wherever they are needed |
| Asked For | $300k for 5% equity |
| Final Deal | $300k for 9% equity |
| Shark | Barbara Corcoran |
| Episode (Shark Tank USA) | S13 E16 |
| Air Date | Mar 18, 2022 |
| Business Status | In Business |
| Website | Visit Website |
| Headquarters | Columbus, Ohio Area, United States |
| Lifetime Worth (Sales) | $5M *estimated |
| Go To Amazon | Buy Now |
| Watch On | Amazon Prime |
Another Shark Tank Pitch
Did ootBox Get a Deal on Shark Tank?
The founders of ootBox, Robbie Friedman and Allison Zofan, delivered a compelling pitch on Shark Tank, which impressed the Sharks. They sought $300,000 in exchange for 5% equity in the company.
The Sharks asked about the startup’s future plans and profitability. In response, the founders provided details about their sales report.
Barbara Corcoran offered $300,000 for a 9% stake in the company. The founders accepted this offer, making Barbara a 9% shareholder in ootBox.
What Happened To ootBox After Shark Tank?
After appearing on Shark Tank, ootBox’s popularity soared. The exposure from the show greatly increased awareness of the startup. As a result, many startups are likely to replicate its business model.
The success from Shark Tank led to a surge in orders, driven by the demand for temporary workspaces.
In January 2023, ootBox constructed a large container for UBCO – Electric Adventure Vehicles at the Moda Center. By April 2023, the company had launched two new models: the OG XL and the Curbside.
The success and funding received from Shark Tank brought significant national attention to ootBox. This increased visibility generated numerous inquiries from across the United States interested in purchasing their products.
What Is The ootBox Net Worth?
The current valuation of ootBox is $3.3 million. The founder states that the startup is a profitable business. However, the primary reason for seeking investment on Shark Tank was to enhance marketing and scaling efforts.
Despite the emergence of many competitors, ootBox remains a profitable brand. It currently employs more than 10 people and is headquartered in the Great Lakes region of the Midwest.
Yes, ootBox Ski Bikes is still in business as of April 2023.
