GoGo Gear Shark Tank Net Worth
GoGo Gear appeared on Shark Tank in 2022 and had a valuation of $2 million. The founders, Arlene Battishill and Desiree Estrada, have a net worth of $3 million as of 2023.
Daymond John, one of the Sharks, has a net worth of $350 million. GoGo Gear did not receive the $300,000 they requested from Daymond on the show.
What is GoGo Gear and Who is the GoGo Gear’s founder?
GoGo Gear is a line of motorcycle clothing designed for women that combines fashion with safety. The garments are made from durable, abrasion-resistant materials and feature reflective fabrics to enhance visibility in case of an accident.
The company was founded by Arlene Battishill and Desiree Estrada, both of whom lost their jobs in corporate America in 2008.
Battishill had previously worked in the real estate industry for Brookfield Homes Southland, Inc. and later ventured into e-commerce. She now serves as the Chief Technology Officer for Voices Amplified.
GoGo Gear Shark Tank Pitch
After appearing on Shark Tank season 3 episode 10, Arlene Battishill and Desiree Estrada were able to secure a $300,000 investment from investor John Paul DeJoria in exchange for a 65% stake in GoGo Gear.
However, the negotiation was a challenge as the Sharks criticized the valuation of the company and questioned their future plans. While Daymond John served as an adviser, he did not invest in the company.
Due to the economic downturn at the time, the partners decided to reduce manufacturing and focus on retail sales. However, in 2021, GoGo Gear is still in business and making a profit of $3 million per year.
What is the Net Worth of GoGo Gear?
Arlene Battishill and Desiree Estrada appeared on Shark Tank season 3 episode 10 in search of $300,000 in exchange for a 15% stake in GoGo Gear. This equates to a $2 million valuation.
They accepted an offer from Daymond of $300,000 for 65% stake which brings valuation to be $461,538. The current valuation is higher since the Company has grown in sales.
Who are the Competitors of GoGo Gear?
GoGo Gear faces competition in its market space from the Companies such as;
Motochic, RevZilla, Corazzo Design and Yellow Jacket Bee.
GoGo Gear FAQS
What is GoGo Gear?
GoGo Gear is a collection of stylish yet safe motorcycle riding clothing aimed largely towards women.
In addition to being fashionable, GoGo Gear is made of abrasion-resistant materials and luminous fabric to keep riders safe in the event of a mishap.
GoGo Gear comprises kevlar armoured leggings, armoured hoodies, and armoured jackets. Men’s riding pants are now available from the brand.
Who is the founder of GoGo Gear?
GoGo Gear was founded and by Arlene Battishill and Desiree Estrada.
How much were they seeking in the Shark Tank Pitch?
They requested $300,000 for 15% stake in the company.
Did they get the deal?
They accepted an offer from Daymond of $300,000 for 65% stake.
Is GoGo Gear still in business?
With the market improving, they are resuming production of their GoGo Gear items and growing retail sales. The company has since grown in revenue and the Sharks assisted them to achieve this.
Profits are increasing! Fast forward to November 2021, and they are still in business, bringing in $3 million each year.
Where is GoGo Gear located?
Arlene Battishill, the company’s president and CEO, founded GoGo Gear in Los Angeles to provide stylish alternatives to standard riding gear for women.
What happened to GoGo Gear?
After ‘Shark Tank,’ a $300,000 motorcycle clothing deal fell through Brand partners Desiree Estrada and Arlene Battishill of Los Angeles offered their business GoGo Gear on Shark Tank in 2012.
While GoGo Gear is still available for purchase online, Battishill and Estrada never got the $300,000 from John.
When was GoGo Gear founded?
GoGo Gear was founded in 2009.
How can they get in touch with them?
Please contact Desiree at the following email address: [email protected]
What methods of payment do they accepts?
They accept the following payment methods:
Visa, MasterCard and PayPal.
Where are GoGo Gear Shipped From?
Ships from Toronto, ON Canada. GoGo Gear Protective Leggings can be worn as a foundation layer beneath other clothing for further abrasion resistance.
Do GoGo Gear shipped internationally?
Yes, GoGo Gear does ship internationally.
What is their website?
GoGo Gear is available exclusively on the web at www.gogogearla.com.
What are their social media outlets?
GoGo Gear has active social media profiles, they can reached them on their Website, Facebook, Twitter and Instagram.
