Ade And Ayo Shark Tank Net Worth-What Happened After Shark Tank?
What is Ade And Ayo Shark Tank Net Worth in 2023?
Ade & Ayo’s current valuation is about $600,000, but it is not clear what Temidayo Adedokun’s net worth is as it depends on how much of the company she owns
Ade and Ayo is an African design clothing line for children that debuted on Shark Tank Season 13. Temidayo Adedokun, the company’s founder and CEO, requested $175,000 from Shark Tank in exchange for 10% of the company’s shares valuing Ade and Ayo at $1.75 million.
Barbara Corcoran was interested in this business proposal and invested $200,000 in this startup for 33.3% equity and a $500,000 line of credit.Thing brings Ade & Ayo’s valuation down to about $600,000.
After appearing on Shark Tank, Ade and Ayo’s sales increased eightfold while remaining profitable.
The valuation asked during the show was $1,200,000 which was brought down by Barbara to $600,600.
Ade and Ayo are still in operation as of 2022. They are available in both online and offline markets. They also have family PJs for a common look.
Ade And Ayo Shark Tank Updates
Ade and Ayo is a clothing brand that was featured on Shark Tank Season 13 Episode 15. The brand is based in Oakland, California, and offers children’s apparel and accessories with unique designs that reflect African culture.
Temidayo Adedokun is the founder and CEO of Ade and Ayo, and her goal is to cultivate a genuine appreciation for African culture among people from the African diaspora and others. The clothing is soft, washable, and represents real prints from Africa.
After 11 months of business, Ade and Ayo had $160,000 in sales. The brand has been featured in numerous media publications, including Vanity Fair and the Today show. Ade and Ayo boosts its sales by collaborating with other children-focused ventures.
In February 2022, they joined hands with three other Black-owned baby brands to commemorate Black History Month.
Ade and Ayo products are not available on popular platforms like Amazon, but they can be purchased on their website. The brand receives more than 100 orders every day, and their products are affordable.
A portion of the proceeds from each sale at Ade and Ayo goes to improve the education gap for little learners, and each quarter, Ade and Ayo supports one organization.
Ade And Ayo Shark Tank Table Summary:
|Founder and CEO
|Shark Tank Valuation
|Shark Tank Investment
|$200,000 for 33.3% equity and $500,000 line of credit
|Sales after Shark Tank
|Sales in 11 months
|Ade and Ayo Net Worth (2022)
|Children’s apparel and accessories with African culture designs
|Organic cotton and bamboo textiles
|Educate kids on African culture and cultivate appreciation for it
|Black-owned baby brands
|Improving education gap for little learners
What Is A Ade And Ayo? Who Is The Founder Of Ade And Ayo?
Ade + Ayo is a business based in Oakland, California, that offers children’s apparel and accessories with unique designs. Temidayo Adedokun is the founder of Ade and Ayo children’s clothing company. She was born in Nigeria but relocated to Canada when she was four.
She earned a bachelor’s degree in economics from the University of California, Davis, before earning a Doctor of Law (JD) degree from Yale. Temidayo created Ade + Ayo to help her young son stay true to his Nigerian identity and culture while living in the USA.
The name “Ade + Ayo” combines the Yoruba words for “crown” and “joy,” reflecting the pride and happiness children bring to their parents’ lives.
Temidayo Adedokun appeared on Shark Tank season 13 with her husband Abisola. Before starting Ade + Ayo, Temidayo worked as an associate at Jones Hall, APLC, and Morrison & Foerster LLP.
Ade + Ayo’s products are artisan-crafted, made from bamboo and organic cotton textiles, and prioritize eco-friendly practices.
Ade + Ayo boosts its sales by collaborating with other children-focused ventures. In February 2022, they joined hands with three other Black-owned baby brands to commemorate Black History Month.
The company also has an official website where customers can purchase their products. As of 2022, the business’s net worth is estimated to be $2.1 million.
How Does Ade And Ayo Works?
Ade and Ayo is a children’s clothing brand that creates clothes and toys for kids through African culture design. Temidayo Adeokun, a Nigerian Canadian, founded the company to showcase the beauty of Africa and her Nigerian culture to her newborn son.
The name Ade and Ayo comes from the first three letters of her last name and the last three letters of her first name. Ade means “crown” and Ayo means “joy” in Yoruba, a Nigerian language.
Ade and Ayo’s products are made with organic cotton fabric that is soft and machine-washable. The company offers a diverse range of clothing and toys that are affordable and thoughtful, with distinct patterns and colors inspired by traditional African designs.
The garment size chart is not always accurate, which can be a downside for some customers.
Ade and Ayo is an online startup that runs in online mode, with a good marketing strategy that showcases African culture. The company boosts its sales by collaborating with other children-focused ventures.
A portion of the proceeds from each sale at Ade and Ayo goes to improve the education gap for little learners, and each quarter, Ade and Ayo supports one organization. The company’s mission is to educate kids on African culture and cultivate a genuine appreciation for it.
What Happened To Ade And Ayo At The Shark Tank?
Temidayo Adedokun appeared on Shark Tank to request a $120,000 investment in exchange for a 10% stake in his business. During the presentation, Temidayo explained his business idea and demonstrated the product.
The Sharks inquired about the sales, profit margin, and the business’s journey so far.
However, the Sharks did not seem particularly interested in investing in this business and began to leave one by one, citing various reasons for not investing.
Eventually, only Barbara Corcoran remained in the tank, and she made an offer of $200,000 for a 33.3% stake, which amounts to one-third of Ade and Ayo, plus an additional $500,000 in credit.
Temidayo accepted the offer without making a counter-offer, and the pitch was finalized with a handshake and a check. The other Sharks were hesitant to invest in the business due to the risk factors, early stage, and the significant amount of work required.
What Happened To Ade And Ayo After The Shark Tank?
After appearing on Shark Tank, Ade and Ayo received a positive response with many people purchasing their products. As a result, their sales have increased eightfold while remaining profitable.
As of 2022, Ade and Ayo’s net worth is estimated to be $2.1 million. The clothing brand has been featured in Vanity Fair, the Today show, Good Morning America, The Good Trade, and more.
Ade and Ayo seeks to help children be proud of their African culture by using prints, fabrics, traditional toys and aesthetics to introduce children to their rich heritage.
Ade and Ayo is a clothing brand that appeared on Shark Tank Season 13 Episode 15. The founder, Temidayo Adedokun, asked for $120,000 in exchange for 10% of the company’s shares. Barbara Corcoran invested $200,000 for 33.3% equity and a $500,000 line of credit in the startup.
After appearing on Shark Tank, Ade and Ayo’s sales increased by eight times and the company is still profitable.
However, there is no information available about the net worth of its founders.
Is Ade And Ayo Still In Business?
Yes, Ade and Ayo are still in business as of 2022. They offer African-inspired clothing and artisan-made toys for children, using fabric from Africa to manufacture their products.
Ade and Ayo receive over 100 orders daily because their products are reasonably priced and they aim for a simple design that is difficult to find elsewhere. They also have family PJs available for a common look. Ade and Ayo’s net worth is estimated to be $1.7 million as of 2022.
Ade and Ayo debuted on Shark Tank Season 13, where the founder approached the investors to invest in her company. The valuation asked during the show was $1,200,000 which was brought down by Barbara Corcoran to $600,600.
However, Ade and Ayo are still in operation as of 2022. Their products are not available on popular platforms like Amazon but can be purchased through their website.