Brellabox Shark Tank Update | What Happened to Brellabox after the Shark Tank Pitch?
What is Brellabox? Who is the creator of Brellabox?
Brellabox is a business that rents out umbrellas for a 12-hour period for $1.50. The concept behind the business is to provide an eco-friendly alternative to disposable umbrellas and to make it more convenient for people to obtain them.
The company was founded by John O’Connor and Anusha Kambhampaty, who pitched the idea on Shark Tank in 2016.
John O’Connor currently runs a firm that helps people customize their diets based on their genetics, and Anusha Kambhampaty is the Director of Business Development at Progenics Pharmaceuticals.
The service was primarily aimed at college students and city dwellers, and the locations of the vending machines were available on the Brellabox app.
The company had a successful trial program in New York City and was planning to expand to more campuses and corporate locations.
They also sold and leased equipment and umbrellas, and had advertising on the umbrellas to generate revenue.
What happen to Brellabox at the Shark Tank Pitch?
John O’Connor and Anusha Kambhampaty appeared on Shark Tank season 7 episode 26 to pitch their business, Brellabox, which rents out umbrellas for $1.50 for a 12-hour period.
They sought a $400,000 investment in exchange for a 20% stake, valuing the company at $2 million. However, the Sharks were skeptical about the idea, with Mark Cuban questioning the numbers.
Kevin O’Leary calling it the “dumbest concept” he’s ever heard, Chris Sacca not seeing a market for it in California, and Barbara Corcoran and Daymond John both expressing doubts about its convenience and potential for success.
Mark Cuban also raised concerns about the high investment for a small portion of the company with a lot of uncertainty. Despite some interest from universities in installing the machines on campus and a trial run, the Sharks all eventually went out, and John and Anusha left without a deal.
Brellabox after the Shark Tank Pitch
After appearing on Shark Tank, Brellabox continued to work on making its product more appealing to potential clients such as cities and colleges by lowering the price and reducing the vending machine’s footprint.
They were able to secure a contract with Penn State and expand the number of trial locations in New York City.
However, the company was unable to secure enough investment to continue operations and eventually went out of business in April 2018.
The founders, John O’Connor and Anusha Kambhampaty, have since moved on to other ventures: John continues to run his digital marketing firm JSO Digital in Austin, Texas and Anusha is the Director of Business Development at Progenics Pharmaceuticals.
Brellabox Net Worth
On Shark Tank, John O’Connor and Anusha Kambhampaty sought an investment of $400,000 in exchange for a 20% stake in their company, Brellabox, which they valued at $2 million.
Brellabox Competitors
There is no competitor identified for Brellabox.
Brellabox FAQS
What is Brellabox?
Brellabox was an umbrella rental business aimed towards both city people and college students. The firm intended to rent umbrellas for $1.50 each 12 hour period.
The service was designed to stop the practice of purchasing low-cost umbrellas just to discard them after they were damaged
Who is the founder of Brellabox?
John O’Connor and Anusha Kambhampaty founded Brellabox.
How much were they seeking in the Shark Tank?
John O’Connor and Anusha Kambhampaty appeared on the Shark Tank in search of a $400,000 investment in exchange for a 20% stake in Brellabox.
Did they get the deal from Sharks?
Unfortunately, the founders was unsuccessful in their pitch to the Sharks.
Is Brellabox still in business?
Brellabox ceased operations in April 2018.
When was Brellabox aired on Shark Tank?
Brellabox was aired on April, 29th 2016.
What episode of Shark Tank featured Brellabox?
Brellabox was on season 7 episode 26 of Sharks Tank.
How much was costs to rent an umbrella?
Each umbrella could be rented for $1.50 each 12 hour period.
How much were they charging for unreturned umbrella?
The business owners charged $40 for unreturned umbrella.
When was Brellabox founded?
Brellabox was founded in early 2014.
What is the net worth of John O’Connor?
John O’Connor’s net worth is unavailable.
What is the net worth of Anusha Kambhampaty?
Anusha Kambhampaty’s net worth is unavailable.