BZBox Shark Tank Net Worth 2023

BZBox Shark Tank Net Worth

BZBox is a collapsible home storage box that appeared on Shark Tank. The company was founded by Kaeya Majmunder and received an investment of $50,000 for 20% equity from Lori Greiner.

According to some sources, the company went out of business in 2019, while others report that they sold thousands of BZboxes within 48 hours after appearing on Shark Tank with Lori’s help. As of 2022, the net worth of BZBox is unknown.

What is BZBox and Who is the Founder of BZBox?

BZBox is a collapsible storage box with a unique locking mechanism that doesn’t require tape, making it easy to store and transfer items safely.

It was created by Kaeya Majmundar, an Emory University graduate with a BA in Economics and Sociology, who currently resides in Chicago and is a co-founder of a marketing firm named SwayPay.

The idea for BZBox came to Kaeya when she agreed to help her roommate move some boxes into storage, but everything fell through when one of the old, poorly packed cardboard boxes gave way, creating a huge mess. Determined to find a solution to this problem, she created the BZBox.

Initially seeking an investor to support her startup, Kaeya faced resistance from her parents when she shared her idea with them. Despite this, BZBox has continued to thrive thanks to its innovative design and utility.

BZBox Shark Tank Pitch

Kaeya Majmundar, the founder of BZBox, appeared on Shark Tank Season 5 Episode 29 seeking a $50,000 investment in exchange for a 20% stake in her company, which was valued at $250,000.

During her pitch, she demonstrated the BZBox’s unique locking mechanisms by racing Robert with a conventional box. While the Sharks were intrigued by the product, they had concerns about the cost of manufacturing and the lack of marketing efforts.

Mark Cuban felt that Kaeya was overthinking the product, while Barbara Corcoran felt that Kaeya was not an entrepreneur.

Kevin O’Leary made an offer of $50,000 for 50% equity if Kaeya could produce the boxes for $0.56, but ultimately Lori Greiner made a deal for $50,000 for 40% equity on the condition that they figure out a way to manufacture the boxes.

However, the deal was never finalized, and BZBox went out of business in 2017. Kaeya went on to create ZipTank, a tank top that turned into a tote bag, but it also did not succeed.

As of August 2021, Kaeya is the CEO of SwayPay, an app that offers cashback on purchases made by sharing them on TikTok. Some of the remaining BZBoxes are still available for purchase on Amazon.

Table Summary: Bzbox Shark Tank

TOPIC	INFORMATION
Product name	BZBox
Product description	Collapsible storage box with a unique locking mechanism
Founder	Kaeya Majmundar
Shark Tank	Season 5 Episode 29
Investment deal	$50,000 for 40% equity from Lori Greiner
Valuation	$250,000
Competitors	None identified
Status	Company went out of business in 2017
Latest venture	CEO of SwayPay, an app that offers cashback on purchases
Remaining stock	Available for purchase on Amazon

BZBox Net Worth

Kaeya appears on Shark Tank in search of $50,000 for a 20% stake in her company. This indicates a $250,000 valuation of the Company.

She accepted an offer from Lori of $50,000 for 40% of the business. The business is no longer available.

BZBox Competitors

There was no competitors identified for BZBox.

Bzbox Updates

BZBox is a collapsible, easy-to-assemble box designed for people who need to pack things up frequently. The product folds flat after unpacking in an instant for easy storage and is ready to go just as quickly when it’s time to pack up again.

BZBox appeared on Shark Tank Season 5 and made a deal with Lori Greiner. Lori offered $50,000 in exchange for 40% of the business, contingent upon whether they could figure out how to manufacture the plastic version as a storage box.

BZBox sold thousands of boxes within 48 hours thanks to the show.

There is limited information available about the current status of BZBox. The company’s website is no longer active, and it seems that the product is no longer being sold. However, Kaeya Majmundar, the creator of BZBox, did a successful Kickstarter for ZipTank, a tank top that converts into a tote bag.

 

BZBox FAQS

What Is Bzbox?

BZBox is a collapsible, innovative storage box designed by Kaeya Majmundar, a sophomore at Emory University. The product was featured on Season 6, Episode 29 of Shark Tank, aired on May 8, 2015.

The idea behind BZBox was to develop a versatile, durable, and reusable storage solution that would simplify assembling and collapsing boxes for moving or storage purposes. The unique design of BZBox allows users to quickly fold and unfold the box without the need for adhesive tape or additional tools.

Made from durable, water-resistant, and eco-friendly materials, BZBox is built to withstand wear and tear, making it an ideal solution for temporary and long-term storage needs.

BZBox is a foldable box that helps store clothes and other accessories. Its plastic interior and fabric finish make it the most durable, attractive, and easy-to-use storage box. BZBox adds fun and functionality to your space while keeping it organized and clutter-free.

The product comes in a variety of colors and sizes. At the time of the Shark Tank appearance, BZBox was valued at around $125,000. However, there is no update on the revenue because the business did not last.

How Does Bzbox Works?

BZBox is a collapsible, reusable storage box designed for easy and convenient use. It was created by Kaeya Majmundar, a sophomore at Emory University, who pitched the product on Shark Tank in 2015.

The product is made from durable, water-resistant, and eco-friendly materials, making it ideal for temporary and long-term storage needs. The unique design of BZBox allows users to quickly fold and unfold the box without the need for adhesive tape or additional tools.

The BZBox is designed for people who need to pack and unpack frequently, such as college students. It folds flat after unpacking for easy storage and is ready to use just as quickly when it’s time to pack up again. The product is available in a variety of colors and sizes, and it costs $1.75 per box.

During her Shark Tank pitch, Kaeya Majmundar demonstrated the BZBox’s unique design by inviting Robert Herjavec to a race against a traditional cardboard box. Herjavec assembled the cardboard box, while Majmundar assembled the BZBox.

The BZBox was assembled and ready to use in seconds, surprising the Sharks. However, the deal with Lori Greiner never closed.

It is unclear what has happened to BZBox since its appearance on Shark Tank in 2015. The company did not have any sales at the time of the pitch, and it is unknown if the product is currently available for purchase.

What Happened To Bzbox After Shark Tank?

BZBox is a collapsible cardboard box that can be customized to advertise a business. The founder of BZBox, Kaeya Majmundar, appeared on Shark Tank in May 2014 to pitch her product. She sought $50,000 in exchange for a 20% equity stake.

Kevin O’Leary and Lori Greiner were both interested in her design, but both also had reservations. Both felt that the Biz Box was costly to manufacture as-is. However, Greiner saw that Biz Box had potential. She invested in the company with the goal of tweaking the design.

Since Shark Tank, Biz Box has done just that. It ditched the velcro and pivoted to a streamlined, brandable cardboard box that’s marketed toward real estate agents.

After Shark Tank, Kaeya Majmundar had a diversion in her business and ended up with a new company called Keayos, which had its very own product development.

However, Keayos Inc. is completely focused on the BZBox[4]. With Lori’s help, Kaeya was able to grow the brand. In 2015, she launched Kaeyos, Inc., which seemed to focus on clothing lines.

What Is The Current Valuation Of Bzbox?

BZBox is a foldable box designed to help store clothes and other accessories. BZBox appeared on Shark Tank in May 2014, where the founder, Kaeya Majmunder, asked for $50,000 for 20% equity at a $250,000 valuation.

Lori Greiner offered $50,000 for a 40% equity stake in the company, and Kaeya accepted the deal. At the time of the Shark Tank appearance, BZBox was valued at around $125,000.

However, the current status of BZBox is unknown. The partnership with Lori Greiner positively impacted the growth of BZBox, but specific details about the company’s current status are not readily available. It is reported that BZBox went out of business in 2019, and the product is no longer available in the market. The current net worth of BZBox is unknown, as the business is not in operation since 2019.

In conclusion, BZBox’s current valuation is unknown as the company is no longer in operation.

Is Bzbox Still In Business?

BZBox is a collapsible, easy-to-assemble box designed for people who need to pack things up frequently. The product folds flat after unpacking for easy storage and is ready to go just as quickly when it’s time to pack up again.

BZBox appeared on Shark Tank in 2013, and Lori Greiner offered to invest $50,000 in exchange for 20% of the company. BZBox sold thousands of boxes within 48 hours after the show aired.

However, it seems that BZBox is no longer in business. After securing a deal with Lori Greiner on Shark Tank, BZBox experienced increased exposure and growth. Kaeya Majmundar, the founder, worked closely with Lori to improve and expand the product line.

But after the show, Kaeya decided to pivot her entrepreneurial journey and pursue other ventures. While specific details about the company’s current status may not be readily available, it seems that the product and its website are no longer active.

Despite the lack of information about the current status of BZBox, it is still possible to purchase the product from Amazon.

What is BZBox?

BZBox is a foldable box that may be used to store clothing and other items.

It’s a collapsible storage box, which means it can collapse down to be stored when not in use.

Alternatively, while in use, it may securely contain objects and allow the user to transfer items without danger of the box collapsing.

Who was the founder of BZBox?

Kaeya Majmundar was the founder of BZBox.

How much was she asking in the Shark Tank Pitch?

Kaeya was in search of $50,000 for a 20% stake in her Company.

Did she get the deal from the Sharks?

She secure an investment from Shark Lori Greiner.

How much was the deal?

She got the deal from Shark Lori Greiner for $50,000 for 40% of the Company.

How much is BZBox worth now?

It’s no longer in production.

Is BZBox still in business?

No, it appears that BZBox is no longer in business.

Where can they buy BZBox?

BZBox is no longer in business.

What became of BZBox after Shark Tank?

Lori Greiner is Kaeya’s mentor, although BZBox didn’t require her money. Kaeya has not given up ownership.

Following the concert, a thousand BZBox boxes were sold in the 48 hours that followed. She hasn’t updated her website in a while since the market is too tiny, and she’s working on new ideas.

Where is Kaeya Majmundar now?

Kaeya Majmundar is now the CEO of a new start-up called SwayPay. It’s an app that allows them to “get cashback on goods they bought by sharing it on TikTok, regardless of how many followers they have.”

When was BZBox started?

In 2012, Kaeya Majmundar began creating the BZBox while pursuing patents and applying for Shark Tank.

When was BZBox featured on Shark Tank Pitch?

BZBox was featured on the Season 5 Episode 29 of Shark Tank on May, 16th 2014.

When did BZBox go out of business?

The firm appears to have gone out of business in 2017, however some of the storage boxes are still available on Amazon as of August 20, 2021.

What weight was BZBox holding?

Kaeya Majmundar has stated BZBox was able to hold up to 20ibs.

What is net worth of Kaeya Majmundar?

Kaeya Majmundar’s net worth is unavailable.