Jiggy Puzzles Shark Tank Update| Jiggy Puzzles after Shark Tank
What is Jiggy Puzzles?
Jiggy Puzzles is a unique puzzle game that features a beautiful picture of animals on the outside and a jigsaw puzzle on the inside. The goal is to find the matching pairs in the picture and complete both puzzles.
The company was founded by Kaylin Marcotte, who was inspired by her daily use of puzzles to unwind after a hectic start-up job, but felt that the designs could be improved.
As a result, she started her own company that focuses on featuring artwork by female artists who receive a portion of the sales.
Since its establishment in 2019, Jiggy Puzzles has been committed to creating captivating and one-of-a-kind puzzles that can also be used as home decor.
Who is the founder of Jiggy Puzzles?
Jiggy Puzzles, a company founded by Kaylin Marcotte, creates unique and intriguing jigsaw puzzles featuring artwork by female artists.
The company began in 2019 with the goal of producing puzzles that can be displayed as pieces of art in the home.
Customers in the United States can subscribe to the service for a monthly fee starting at $26, and puzzles range in price from $40 to $150. The puzzles also come with adhesive to preserve the artwork once the puzzle is completed.
What Happened to Jiggy Puzzles at Shark Tank?
Jiggy Puzzles, a company founded in early 2019, has experienced significant growth and is projected to end the year with over $2.25 million in sales.
The company, run by Kaylin, has been profitable with no debt or outside investors. Kaylin went on Shark Tank seeking a partner who would invest $500,000 for a 5% stake of the business, valued at $10 million.
She hopes to find someone to help her manage the rapid growth of the company and to potentially introduce a subscription model.
The Sharks are impressed with the product and mission but have doubts about the company’s longevity after the pandemic.
Kevin O’Leary offers to invest $100,000 for 15% equity and a $400,000 loan at 10% interest for 36 months for 26% equity shares.
Kaylin is hesitant about giving up so much equity, but ultimately accepts Mark Cuban’s offer of $500,000 for 15% ownership and a matching fundraising effort of $50,000.
What Happened to Jiggy Puzzles after Shark Tank?
A few weeks after appearing on Shark Tank, the company’s unique puzzles began selling rapidly. It has even received custom designs from celebrities such as Sophia Bush, Lili Reinhart, Allison Williams, and Demi Lovato.
The company continues to release new and creative puzzle designs and has also started a membership service called Jiggy Puzzle Club, which offers exclusive access to new products, special deals, and a community of members. The company’s annual revenue is projected to surpass $4 million in 2021.
Net Worth of Jiggy Puzzles
After Mark Cuban invested, the company’s value was estimated at $3.3 million, following an initial valuation of $10 million during the pitch. The company’s net worth may increase in 2021 due to sales.
Jiggy Puzzles FAQs
What is Jiggy Puzzles?
Jiggy Puzzles is a new, patent pending puzzle that not only has a beautiful picture of your favorite animals, but also a jigsaw puzzle inside. The object of the game is to find the matching pairs in the picture.
Who is the inventor?
Kaylin Marcotte, the company’s founder, utilized puzzles to unwind each day after working at a hectic start-up the position.
She appreciated the exercise but said the designs might be improved.
What is her offer on Shark Tank?
Kaylin was asking for $500,000 for 5% of the enterprise.
Did she get the deal?
Yes, Mark Cuban offered her $500,000 for 15% of the company.
Is still in business?
Yes, the company is still in business.
How is Jiggy doing after shark tank?
Since the Jiggy Shark Tank episode first aired in April 2021, the firm has received five-star reviews online, notably at Amazon, and has received extensive press coverage, as shown in the Today Show footage below.
How many rounds are there in the game?
There are three puzzles included in each game, both from an animal and a jigsaw puzzle pictures.
How many puzzles is she making?
The company is currently in production mode, turning out between 800 and 1000 puzzles per day. The designs are also available online.
How old does Jiggy Puzzles have to be to enter?
Jiggy Puzzles is for people aged 12 and older.
How do you glue Jiggy puzzle?
Create a thick line of glue down one side of the puzzle using your JIGGY puzzle glue tube. Spread the glue from one side to the other using the provided gold straight edge, applying enough pressure to get the glue in between the pieces while avoiding pooling.
Where are Jiggy puzzles made?
Each JIGGY comes with puzzle glue to help them keep their masterpiece together. It’s art – in fragments. Based in Brooklyn, New York, the firm goes above and above by allowing clients to showcase their finished puzzles as if they were works of art.
How do I buy?
Puzzles are available online, starting at $35 for a 300-piece puzzle, and going up to $65 for a 400-piece puzzle.
Jiggy Puzzles is also available on Amazon. The company offers shipping to US and Canada, as well as several European nations.
How do I pay?
Following the company’s successful debut on Shark Tank, all orders now come with free shipping, and the company is accepting PayPal and major credit cards.
How can I order?
To order, visit the company’s official website at https://www.jiggypuzzles.com/ – view our full catalog – and check out our shop page to see puzzles that are available for purchase.
How many people are employed at Jiggy Puzzles?
Jiggy Puzzles employs 25 people.
What is the industry of Jiggy Puzzles?
Jiggy Puzzles works as a Toys & Games and Manufacturing industry.
What technology is used by Jiggy Puzzles?
Jiggy Puzzles makes use of the following technologies: Google Analytics, Google Global Site Tag, Bold Commerce, and Woobox.
What is the net worth of Kaylin Marcotte?
The net worth of Kaylin Marcotte is unknown.