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.
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.
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.
