Zoom Interiors is a virtual interior design service company and is co-founded by Madeline Fraser, Elizabeth Grover, and Beatrice Fischel-Bock. These three women started this business through Zoom to provide a better interior solution to the consumer.
Within the first few months of starting the business, the CO-Founder had to face a lot of difficulties, however, They handled everything very well.
The CO-founder appeared on Shark Tank Season 6 Episode 28 to expand the business and asked the sharks for $100k for 20% equity at a $500k Valuation. This business is completely based online.
What Is Zoom Interiors?
Zoom Interiors is a virtual interior design service that provides a virtual interior design test in which the user can design the house according to his/her liking. Their algorithm provides some design ideas by analyzing your room.
Their design service is free for every user but they earn money by doing affiliate marketing of furniture items.
|Company Name||Zoom Interiors|
|Founder||Madeline Fraser, Elizabeth Grover, and Beatrice Fischel-Bock|
|Product||online interior design company|
|Asked For||$100k for 20% equity|
|Final Deal||$100k for 33% equity|
|Episode (Shark Tank USA)||S6 E28|
|Air Date||May 8, 2015|
|Business Status||Out of Business|
|Headquarters||Los Angeles, California, US|
|Lifetime Worth (Sales)||$40M *estimated|
|Buy and Watch||Buy Now||Amazon Prime|
Another Shark Tank Pitch
Who Is The Founder Of Zoom Interiors?
The Co-Founder of Zoom Interiors Company is Three Female Madeline Fraser, Elizabeth Grover, and Beatrice Fischel-Bock. They started this company in 2013.
How Was The Shark Tank Pitch Of Zoom Interiors?
The three co-founders Madeline, Elizabeth, and Beatrice entered Shark Tank and asked the sharks for $100k for 20% equity. They told Shark about their business, their 1st year’s total sales were $186k and their net margin was only $3,000.
All the sharks refused to invest in this business but Barbara Corcoran was interested and offered $100k for 33% equity. The CO-founders accepted the offer.
What Happened To Zoom Interiors After Shark Tank?
Zoom Interiors got a deal on Shark Tank. Barbara invested in this business and said that she would make changes to the software.
In 2016 Sean Rad, CEO of Tinder Company, reached out to Co-Founder and CEO of Zoom Interiors, Beatrice Fischel-Bock, and renamed the brand name Homee after 1 year.
Sean Rad and other investors invested a total of $7.2 million in Homee Company. A few years later the Homee brand name was renamed Hutch. Unfortunately in 2020, the Hutch app was shut down.
What’s new on Zoom Interiors
Last Update: August 16, 2023
As of August 2023, Zoom Interiors is now out of business.
Zoom Interiors Shark Tank Update
After this episode of Shark Tank aired, Zoom Interiors Company made a lot of achievements but in the end, the company got shut down. Right now there will not be any latest update related to this company.
What Is the Net Worth of Zoom Interiors?
Zoom Interiors has an estimated net worth of $5 million. In today’s time, many virtual interior services have been made and competition is increasing continuously in this industry. Big brands that have their own furniture are also providing virtual interior design for free.
Is Zoom Interiors Still In Business?
Zoom Interiors Company was started in 2013 but in 2020 this company was shut down. The company raised a total of $20 million in funding including rebranding.
The headquarters of this company is in Los Angeles, California, United States.
No, Zoom Interiors is Out of business as of August 2023.