Jiggy Puzzles Shark Tank Update| Jiggy Puzzles after Shark Tank
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, and complete both puzzles.
Kaylin Marcotte, the company’s founder, utilized puzzles to unwind each day after working at a hectic start-up position. She appreciated the exercise but said the designs might be improved.
As a result, she founded her own jigsaw puzzle firm dedicated to featuring artwork by female artists who earn a portion of the proceeds.
Jiggy Puzzles’ mission, since its inception in 2019, has been to develop fascinating and distinctive puzzles that may be displayed as works of art in the home.
Who is the founder of Jiggy Puzzles?
Kaylin Marcotte, the company’s founder, used puzzles to decompress after a stressful start-up job. She enjoyed the activity but suggested that the designs be improved.
As a result, she established her own jigsaw puzzle company committed to exhibiting artwork by female artists who receive a percentage of the revenue.
Jiggy Puzzles’ objective has been to create intriguing and unique puzzles that may be presented as pieces of art in the home since its debut in 2019.
As a result of the outbreak, many of us became bread makers and hobbyists. If solving puzzles has become one of their new favorite pleasures in the last year, but they wish there was a way to continue enjoying them after they’re finished, Jiggy Puzzles is the game for them.
Customers in the United States have the option of subscribing to the service. The monthly dues for the club start at just $26.
While some Jiggy puzzles might cost up to $150, there are many less expensive choices. The lowest option at the time of writing is $40, which contains 450-piece puzzles.
They also contain the adhesive required to keep the artwork safe once the puzzle is done. The 800-piece puzzles include around 800 pieces total, including the adhesive.
What Happened to Jiggy Puzzles at Shark Tank?
Jiggy Puzzles has enjoyed spectacular growth since its inception in early 2019, and it is set to complete the year with over $2.25 million in predicted sales.
Kaylin has totally bootstrapped the firm, which is profitable with no debt or external investors.
Kaylin came to Shark Tank looking for a partner ready to spend $500,000 in exchange for a 5% stake of her business at valuation of $10 million.
She is looking to find a Shark who is willing to assist her with the logistics of fast developing her firm so that she can stay up with market demand for her goods.
She would also want to consider introducing a subscription model for Jiggy Puzzles, given they have a high rate of return customers.
The Sharks like her product and social mission, but they are concerned about the company’s long-term success after the pandemic.
They predict that Jiggy Puzzles is doing so well right now because many people are at home and looking for ways to keep themselves entertained; however, when things return to normal, the Sharks are concerned that demand for the product will fall.
Although he is unsure that their success will be sustainable in the long run, 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 concerned about giving up so much of her company’s equity. Kaylin approached Mark Cuban, her ideal Shark, and asked him to consider investing in Jiggy Puzzles.
Mark agrees to invest $500,000, but only if he receives 15% ownership of the firm. He also agreed to match her fundraising efforts, which are expected to total $50,000 more. Mark Cuban’s offer to invest in Jiggy Puzzles is accepted by Kaylin.
What Happened to Jiggy Puzzles after Shark Tank?
A few weeks following her debut on Shark Tank. Since then, the company’s one-of-a-kind puzzles have been selling like hotcakes.
She’s even had puzzles designed for her by celebs like Sophia Bush, Lili Reinhart, Allison Williams, and Demi Lovato, to name a few.
Jiggy Puzzles continues to sell more creative jigsaw puzzles and patterns, and the firm has now launched Jiggy Puzzle Club, a membership service.
Members have first access to new items and specials, as well as exclusive material and access to a secret community of other club members. In 2021, the company’s yearly revenue will exceed $4 million.
Net Worth of Jiggy Puzzles
The company was valued at $10 million during the pitch, after the investment of Mark Cuban the company valued at $3.3 million and since then the company have made sales which might increase the company net worth in 2021.
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.