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.
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 FAQS
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.
