Do Amore Shark Tank Net Worth-What Happened After Shark Tank?
What is Do Amore Shark Tank’s Net Worth?
Krish Himmatramka is the founder of Do Amore, a Houston-based startup that sells engagement and wedding rings directly to consumers while contributing to clean water projects.
Krish entered the Shark Tank seeking $600,000 for 6% of his business giving an estimated net worth valuation of about $10 million.
Later, Daniel Lubetzky offered $600,000 for 15% of the company’s equity reducing the company valuation to an estimated $4 million.
In terms of revenue, Do Amore made $8.3 million in sales in 2020 and projected $11.5 million in sales for 2021. As of June 2021, the company had made $5.2 million in sales so far that year. In 2020, Krish netted a little less than $100,000 but had already netted $460,000 by June 2021.
Reports show that Do Amore’s net worth before appearing on Shark Tank was $10 million (business valuation), and its current net worth in 2022 is more than $4 million. Krish Himmatramka has a net worth of $10.8 million as of 2022.
What Is Do Amore And Who Founded Do Amore?
Do Amore is a direct-to-consumer wedding ring company that offers ethical, handcrafted engagement and wedding rings. The company was founded by Krish Himmatramka in 2013 with $18,000 of his own money.
Do Amore’s rings are made in the USA from recycled precious metals, as well as diamonds and gemstones that are conflict-free and ethically sourced.
The company is committed to positive social change and ethics, with each ring purchased providing clean water to a community through its partner Charity: water.
Krish Himmatramka started Do Amore because he believed that symbols of love should never come with questions of ethics.
He wanted to create a company that could help address both the issue of conflict diamonds and the lack of access to clean water in developing countries. As of 2023, Do Amore has already delivered clean water to over 3,500 people in 14 communities.
In addition to wedding and engagement rings, Do Amore also sells “regular” rings, earrings, and necklaces. They also make jewelry with man-made diamonds created in a laboratory. In 2020, the company did $8.3 million in sales and projected $11.5 million in sales for 2021.
Table: Do Amore Shark Tank Summary
| INFORMATION | VALUE |
| Founder | Krish Himmatramka |
| Company name | Do Amore |
| Industry | Wedding ring company |
| Product line | Ethical, handcrafted engagement and wedding rings |
| Revenue in 2020 | $8.3 million |
| Projected revenue in 2021 | $11.5 million |
| Sales as of June 2021 | $5.2 million |
| Investment on Shark Tank | $600,000 from Kevin O’Leary for 15% equity |
| Net worth before Shark Tank | $10 million (business valuation) |
| Valuation on Shark Tank | $10 million (estimated) |
| Valuation after Shark Tank | $4 million (estimated) |
| Krish Himmatramka’s net worth | $10.8 million as of 2022 |
| Jewelry options | Engagement and wedding rings, regular rings, earrings, and necklaces |
| Lab-created diamonds | Yes |
| Recycled precious metals | Yes |
| Conflict-free and ethically sourced | Yes |
| Partner for charity | Charity: water |
| People provided clean water | Over 3,500 in 14 communities (as of 2023) |
| Do Amore’s expansion after Shark Tank | Expanded product line, improved customer service |
| Current status | Still in business |
| Website | doamore.com |
What Happened To Do Amore At Shark Tank?
On a Shark Tank episode that aired on March 18, 2022, Mark Cuban declined Do Amore’s offer for $600,000 in exchange for 6% of the company.
Cuban was impressed by Do Amore’s revenue and philanthropy but thought any engagement ring company could start donating a percentage of sales to charity, negating Do Amore’s competitive advantage.
Kevin O’Leary offered $600,000 for 6% of the company with a $100 royalty on each sale until he made back three times his investment. Lori Greiner advised Himmatramka to take the offer, noting O’Leary’s experience in the wedding industry.
After Shark Tank, Do Amore expanded its product line to include earrings, necklaces, and milestone jewelry. The company also received an investment of $600,000 from Kevin O’Leary for 15% equity.
In 2021, eight years after launching in 2013, Do Amore brought in $11.5 million in revenue and made $26 million in lifetime jewelry sales.
What Happened To Do Amore After Shark Tank?
Do Amore, a company that sells ethically sourced engagement rings and uses the profits to build wells for communities in need, appeared on Shark Tank Season 13 seeking for $600,000 in exchange for 6% equity.
initially, Kevin O’Leary offered $600,000 for 6% of Do Amore with a $100 royalty on each sale until he made back three times his investment. Robert Herjavec invested $600,000 in this startup in exchange for 15% equity.
Since appearing on Shark Tank, Do Amore has grown and expanded. The company focuses on providing excellent customer service and being the “no-brainer” option when it comes to choosing an engagement ring store.
Despite crashing their site within minutes of airing on Shark Tank due to massive interest, Do Amore continues to be successful.
Is Do Amore Still In Business?
Yes, Do Amore is still in business. The company was founded by Krish Himmatramka in 2013 with the mission to provide ethically sourced engagement rings and to help build wells to provide clean water to communities in need.
Since then, the company has expanded its offerings to include earrings, necklaces, milestone jewelry, and man-made diamonds that are created in a laboratory. All of their products are made from recycled precious metals and sustainable materials.
Do Amore has been profitable since its inception and has experienced significant growth. In 2020, the company generated $8.3 million in sales, and it projected $11.5 million in sales for 2021.
Despite being rejected by Mark Cuban on Shark Tank due to potential competition, Do Amore continues to thrive as a sustainable and competitive business.
Customers can purchase Do Amore jewelry on their official website at prices ranging from $250 to $50,000 depending on their budget.
In summary, Do Amore is still in business and continues to offer ethically sourced jewelry made from recycled precious metals and sustainable materials while also helping build wells to provide clean water to communities in need.
Do Amore Shark Tank Updates
Do Amore is a jewelry company that provides ethically sourced engagement and wedding rings and is committed to providing clean water to communities in need.
The company was featured on Shark Tank in season 13, where Krish Himmatramka, the founder of Do Amore, asked for $600,000 in exchange for 6% equity. Daniel Lubetzky, the guest shark on the show, offered $600,000 for 15% equity, which Himmatramka accepted.
Lubetzky also pledged to donate the difference between their offers, equivalent to 3% of the company’s equity, towards Do Amore’s social mission upon the company’s eventual exit or acquisition.
Since appearing on Shark Tank, Do Amore has grown and expanded its catalog, which now includes engagement rings, women’s and men’s bands, as well as jewelry made with ethically sourced sapphires and moissanite.
The company has also completely stopped importing gemstones from Russia after they invaded Ukraine and is up for reusing old gemstones, creating jewelry with lab-produced diamonds, and using recycled precious metals for their products.
For each ring that Do Amore sell, they donate a portion of their profits towards making clean water readily accessible in developing countries.
Do Amore is the only engagement ring jeweler to ever be featured on Shark Tank. The company has had solid sales, with $8.3 million in sales during the previous year and projected growth.
Despite the massive interest in Do Amore after the Shark Tank episode aired, the company’s website crashed due to the high traffic.
How Does Do Amore Shark Tank Work?
Do Amore is a jewelry company that was featured on Shark Tank in March 2022. The company was founded by Krish Himmatramka in 2014 and is the only engagement ring jeweler to ever be on the show.
Do Amore provides ethical, handcrafted engagement and wedding rings that are made with ethically sourced sapphires and moissanite. For each ring that Do Amore sell, they donate a portion of their profits towards making clean water readily accessible in developing countries.
During the Shark Tank episode, Himmatramka asked for $600,000 in exchange for 7% of the company’s equity.
The Sharks were impressed with the company’s mission and business model, and Himmatramka was able to secure a deal with Mark Cuban and Lori Greiner for $600,000 in exchange for 10% equity.
Since appearing on Shark Tank, Do Amore has grown and expanded. The company continues to focus on providing the best customer service experience possible and has updated its technology to handle the increased interest in the company after the Shark Tank episode aired.
Do Amore’s Facebook page is updated about once per month, and the company has continued to donate a portion of its profits towards making clean water accessible in developing countries.
Overall, Do Amore is a unique business that focuses on resolving the water crisis and creating a better world for lesser privileged people. The company’s clear mission and the founder’s passion make it a unique business not seen very often.
How Has Do Amore Grown Since Appearing On Shark Tank?
Do Amore, a company that sells ethically sourced engagement rings and uses the profits to build wells for communities in need, appeared on Shark Tank Season 13 seeking $600,000 in exchange for 6% equity. Kevin O’Leary invested $600,000 for 15% equity.
Since appearing on Shark Tank, Do Amore has expanded its product line to include earrings, necklaces, and milestone jewelry.
The company has also grown and expanded, focusing on providing excellent customer service and being the “no-brainer” option when it comes to choosing an engagement ring store.
Do Amore has been profitable since its inception and has experienced significant growth. In 2020, the company generated $8.3 million in sales, and it projected $11.5 million in sales for 2021.
In 2021, eight years after launching in 2013, Do Amore brought in $11.5 million in revenue and made $26 million in lifetime jewelry sales. Despite crashing their site within minutes of airing on Shark Tank due to massive interest, Do Amore continues to be successful.
Mark Cuban rejected Do Amore on Shark Tank because he foresaw competition and didn’t think the company could stand up to it. However, Do Amore has continued to grow and expand since appearing on the show, and it remains in business.
What Is The Current Valuation Of Do Amore After Shark Tank?
Do Amore is a luxury jewelry brand that provides ethical, handcrafted engagement and wedding rings. The company appeared on Shark Tank in Season 13 seeking $600,000 in exchange for 6% equity. Kevin O’Leary invested $600,000 for 15% equity in the company.
After Shark Tank, Do Amore expanded its product line to include earrings, necklaces, and milestone jewelry. The company has been profitable since its inception and has experienced significant growth.
In 2020, the company generated $8.3 million in sales, and it projected $11.5 million in sales for 2021. As of June 2021, the company had made $5.2 million in sales.
Do Amore’s valuation is currently $5 million. However, Geeks Around Globe reports that Do Amore’s current net worth in 2022 is more than $12 million, and Krish Himmatramka, the founder of Do Amore, has a net worth of $10.8 million as of 2022.
It is unclear why there is a discrepancy between the two sources. Nonetheless, it is evident that Do Amore has experienced significant growth since appearing on Shark Tank and has become a successful brand.
