BAOBAB Shark Tank Update| What Happened to BAOBAB after Shark Tank?
What is BAOBAB?
BAOBAB Clothing is a polo shirt company that was created in 2017 and specializes in developing and producing polo shirts with additional adaptability, durability, and softness.
It employs advanced nanotechnology to prevent wrinkles, stains, fading, and smells. Most significantly, the product is currently the leading smart premium polo shirt in the world.
The firm was formed by Brandon Davenport and Marcellus Alexander. Marcellus Alexander has extensive experience in digital marketing and consulting, having previously worked as a Business Development Manager at Americas.
Who is the founder of BAOBAB?
Brandon Davenport and Marcellus Alexander founded the firm. The firm name was inspired by the Baobab tree. It is a tree that may be found in both Africa and Australia.
According to mythology, the tree may survive for hundreds of years and feeds people who collect its fruit and water. The clothes, like the tree, are meant to last a long time.
While working in New York City, Brandon and Marcellus decided to launch their company. After successfully starting and selling a firm, the two IT entrepreneurs were seeking for a new opportunity.
They both enjoyed wearing polo shirts since they looked well with anything, from a sport jacket to sweatpants. They didn’t like the low quality of the polo shirts they were purchasing. The colors faded, the collars bent, and they just did not endure.
The two guys set out to create the ideal polo, and so Baobab was created. They spent nearly a year “engineering” their shirts. They created a fabric that is stain resistant, colorfast, antibacterial (you can wear it 10 times without washing it), and pre-shrunk using nanotechnology.
Their unique stay-flat collar is the secret sauce. A microfiber cloth is sewed inside the inner bottom right of the shirt as an extra bonus for cleaning glasses and smart device screens.
They began shipping stuff roughly nine months after the ads ended. The shirts are available in black, blue, white, and grey, and they cost $88 for a short sleeve and $98 for a long sleeve.
What Happened to BAOBAB at Shark Tank pitch?
In Shark Tank episode 1104, Brandon Davenport and Marcellus Alexander III aim to find a fit for Baobab, their ultimate polo shirt. They want a Shark’s assistance in bringing it to the next level.
Brandon and Marcellus enter the Shark Tank pitch seeking $150,000 for a 10% stake in their firm, which worth $1.5 million.
They share their narrative and provide samples. The Sharks like the samples but not the quantity. They have barely $83,000 in sales.
Robert was the first Shark goes out, followed by Kevin. Daymond liked the product but was unimpressed with the sales, so he also exited.
Lori likes the product as well, but she believes it is too early to invest, so she goes out. Only one Shark remains and Mark tells the guys that they were too focused on the other Shark, so he goes out.
This, along with the fact that the shirt material isn’t proprietary, prompts all of the Sharks to depart. Finally, the guys walked away from the pitch without a deal.
What Happened to BAOBAB after Shark Tank?
Despite exiting the pitch without a deal, the firm is still in operation as of July 2020, selling on their website.
During the epidemic, they also began producing facemasks. They raised $103,459 on the Crowdfunding platform Republic in April 2021. The company is still in business with $1 million annual revenue as of January 2022.
Net Worth BAOBAB
The company valuation was $1.5 million during and after the pitch. Since then the company have been performing well in sales with annual revenue of $1 million and hence the company net worth had elevated.
What is BAOBAB?
BAOBAB Clothing is a polo shirt company founded in 2017 that focuses in researching and manufacturing polo shirts with increased adaptability, durability, and softness.
It makes use of cutting-edge nanotechnology to prevent wrinkles, stains, fading, and odors. Most importantly, the product is currently the world’s top smart premium polo shirt.
Who is the founder?
Brandon Davenport and Marcellus Alexander III created the firm.
The firm name was inspired by the Baobab tree. It is a tree that may be found in both Africa and Australia, and it feeds people who gather its fruit and water.
According to mythology, the tree may survive for hundreds of years and feeds people who collect its fruit and water. Their clothes are meant to last a long time.
How much were they seeking on Shark Tank?
They were seeking for $150,000 for a 10% stake in the company, which is worth $1.5 million.
Did they have the deal?
No, they didn’t have any deal.
Is BAOBAB still in business?
Yes, it’s still in business as of January 2022.
Where is the location of BAOBAB?
They are based in New York City.
What is BAOBAB website?
The firm is represented by a website. The website is located at http://www.baobabclothing.com/.
What is the URL of BAOBAB Facebook page?
The firm’s Facebook page is found at https://www.facebook.com/baobabclothing/.
How do I contact BAOBAB?
For further information, customers can email them at [email protected]
What is the market size of BAOBAB?
The market size of BAOBAB is $1 million.
What are BAOBAB products?
They sell polo shirts, casual coats, and women’s products. Their clothes have built-in adaptability, durability, and softness using nanotechnology.
The material is resistant to wrinkles and stains and is colorfast and pre-shrunk. It cleans glasses and smart devices using the shirt itself.
How many colors are BAOBAB sell?
They are currently selling the BAOBAB polo shirt in three colors: black, blue, and white.
Is BAOBAB profitable?
Yes, they are profitable.
Is BAOBAB shipping their product?
They are shipping their product as of January 2022.
What is the shipping cost of BAOBAB?
Shipping costs vary depending on the shirt. Their shirts are available for $88 for short sleeves and $98 for long sleeves.
How to Begin a Return?
To begin the return, simply go to The BAOBAB Returns Center and input their order number and zip code.
They will give customers a return postage slip to use to mail their clothing back to our shipping facility in order to complete their return. They will give their refund after the shirts have been received and satisfactorily examined.
When will my order be delivered?
They guarantee that each order will be delivered to customers as soon as possible. Monday through Friday, orders are handled. Depending on the time of day they order, they have a 1-2 day processing time. Depending on the shipping option selected after checkout, delivery takes between 1 and 5 days.
How do I pay BAOBAB?
They accept payment through PayPal only.
Is BAOBAB affiliate program?
No, they do not have an affiliate program.
Is BAOBAB offer discount?
They offer a discount to students and teachers; there is a 10% off for orders of $100 or more for students and 20% off for teachers, both are valid on their website.
Do they offer free shipping?
Yes, all of their shirts include free shipping.
Where are the founders now?
Brandon Davenport and Marcellus Alexander are still working on the business as of January 2022. Brandon has since founded a company named BluPanther while Marcellus is now working at the MIT Media Lab in Cambridge, Massachusetts.
What is the net worth of Brandon Davenport?
The net worth of Brandon Davenport is not available.
What is the net worth of Marcellus Alexander?
The net worth of Marcellus Alexander is not available.