Pandaloon Shark Tank Net Worth 2023
When Daymond acquired the company in 2021, it was valued at $171,427 less than the initial pitch of $400,000; however, since then the company has been doing very well and has managed to generate a revenue of $900,000 by 2021.
This significant jump from the initial valuation is proof of how successful the business has become and continues to grow.
As of January 2023, The Company is still active and profitable with an annual revenue of $2 million which has provided an even higher net worth for the company compared to before.
What is Pandaloon?
Pandaloon specializes in creating adorable dog costumes, with their most famous design being the panda bear costume. The business was founded by Eugenia Chen, who used to be a college math instructor and was also a content creator for Huxley the Panda Puppy.
Ms. Chen earned her degree from the University of California, San Diego, and holds a Master of Business Administration in Computational Science from San Diego State University. She currently focuses on running Pandaloon.
The company gained worldwide recognition when Ms. Chen posted a video on YouTube featuring her pet Pomeranian dressed up in a panda costume. The video went viral, with over 140 million views, and significantly increased traffic to the Pandaloon website.
Pet costumes are the main feature of the company, which operates in Southern California, selling panda-themed clothes, accessories, and costumes for pets. However, Pandaloon also offers merchandise featuring other animals, such as teddy bears, polar bears, and lions.
Aside from pet costumes, Pandaloon also sells human items like t-shirts, slippers, caps, and socks, as well as dog harnesses and carrying bags. Ms. Chen is passionate about pandas and supports Pandas International by donating a portion of each sale.
What Happened to Pandaloon at Shark Tank Pitch?
Eugenia, who had gained internet fame, decided to pitch her business idea to Shark Tank investors to further grow and thrive in the future, despite being busy with her online success.
Seeking a $60,000 investment for a 20% stake in her business at a $300,000 valuation, Eugenia presented her business, Pandaloon, with her business partner Huxley, dressed as a panda.
After some joking around with the Sharks, Eugenia distributed samples of her costumes and shared that they cost $4 to create and retailed for $39.99. She had sold $300,000 worth of outfits in three years and needed the investment to stock up on supplies for Halloween.
While some of the Sharks didn’t see the potential in the business and exited the pitch, Daymond offered $60,000 for 35% ownership of the business, with 10% going to animal-related charities. Following some discussion and offers from other Sharks, Eugenia accepted Daymond’s offer, and the deal was completed.
After the show aired, Pandaloon’s outfits sold out, and they are now available for purchase on Amazon. The company continues to operate and generates $900,000 in yearly sales, with a portion of the charity contributions going to organizations such as Remember Me Thursday and the Petco Foundation.
Eugenia continues to attend pet exhibits and meet up with other dressed-up dogs with Huxley by her side.
Net Worth of Pandaloon
During the pitch the company was valued at $400,000 and after Daymond acquired the company valued at $171,427.
Since then the company had made a good sale with a revenue of $900,000 in 2021, this show that the company’s net worth has raise.
Pandaloon Shark Tank Updates
Pandaloon is a company that sells costumes for small dogs and puppies, with a focus on panda costumes. The founder, Eugenia Chen, appeared on Shark Tank in Season 9 in January 2018, asking for a $60,000 investment in exchange for a 20% stake in the company.
Daymond John made an offer of $60,000 for 35% equity, with 10% of the equity to be donated to animal charities, which Chen accepted. As of January 2023, Pandaloon is still in business and generates $2 million in annual revenue.
Pandaloon began as an online store around 2015 and went viral when Chen made a video of her puppy wearing a panda costume. Most of Pandaloon’s costumes are sold on its website and have generated around $300,000 in revenue since launching three years earlier.
The average cost per costume is just under $5, and they are sold for $39.99. The costumes are patented, adjustable, and lightweight for the pet’s comfort.
Chen continues to take her dog, Huxley, to pet shows and does meet-ups with other costumed dogs regularly.
Daymond John’s investment has helped Pandaloon thrive, and he kept his word by donating 10% of the equity to animal charities. Pandaloon is still the place to go to turn your dog into a panda.
A table summarizing the information provided about Pandaloon:
| TOPIC | SUMMARY |
| Valuation | Initially pitched at $400,000 but acquired by Daymond for $228,573 in 2021 |
| Revenue | Generated $900,000 in 2021 and $2 million in 2023 |
| Products | Specializes in creating pet costumes, mainly featuring panda designs; also sells human items, dog harnesses, and carrying bags |
| Founder | Eugenia Chen, a former college math instructor and content creator for Huxley the Panda Puppy |
| Shark Tank | Appeared in Season 9, and secured a $60,000 investment for 35% equity from Daymond John |
| Net worth | Estimated to be higher than the initial valuation due to increased revenue |
| Charity | Donates a portion of each sale to Pandas International, Remember Me Thursday, and the Petco Foundation |
| Location | Based in Ramona, Southern California |
| Famous moment | Went viral on YouTube with a video featuring a pet Pomeranian in a panda costume |
| Mascot | Huxley the Panda Puppy, Chen’s furry business partner |
| Updates | The company is still in business and continues to thrive with Daymond’s investment. Chen attends pet shows and regularly meets up with other costumed dogs. |
Pantaloon FAQs
What Are Pandaloon, Owners, And How Does It Work?
Pandaloon is a brand that specializes in creating cute pet costumes for animal lovers. The store was founded by Eugenia Chen, an educator and panda lover, with the help of her furry business partner, Huxley the Panda Puppy.
Pandaloon’s mission is to share high-quality, innovative pet products with fellow pet lovers while fostering a sense of community among pet owners and supporting animal rescue and conservation efforts.
Pandaloon LLC is a woman-owned and operated small business based in Ramona, California.
Pandaloon became famous after Eugenia Chen appeared on Shark Tank in January 2018 to pitch her company.
She asked for a $60,000 investment in exchange for a 20% stake in her business. John agreed to invest $60,000 for 35% equity, ten percent of which he agreed to donate to animal charities.
Pandaloon is still in business today, and its products are available on its website and on Amazon. Currently, Pandaloon offers nine dog costumes, including panda, teddy bear, unicorn, bumblebee, lion, penguin, rabbit, and polar bear.
Pandaloon’s costumes are designed to maximize pet comfort by having an adjustable design with an open back, so pets are happy and properly ventilated.
The idea for Pandaloon came about when Eugenia Chen decided to expand her existing panda-themed product business to include a panda costume for her dog Huxley.
Pandaloon started off as a viral video that Eugenia Chen created of her dog Huxley in a homemade panda costume, which garnered over 160 million views online.
What Happened To Pandaloon After Shark Tank?
Pandaloon is a line of a small dog and puppy costumes that appeared on Shark Tank in episode 911. Eugenia Chen, the founder, and CEO of Pandaloon, sought a $60,000 investment for 20% equity stakes in the business, valuing the company at $300,000.
Daymond John made a deal with Chen, acquiring the company in 2021 for a valuation of $171,427 less than the initial pitch of $400,000.
After the show aired, Pandaloon’s outfits sold out, and they are now available for purchase on Amazon. As of January 2023, the company is still in business and generates $2 million in annual revenue.
Eugenia continues to take her dog, Huxley, to pet shows and meet-ups with other costumed dogs regularly.
What is the current valuation of Pandaloon?
During the pitch on Shark Tank, Pandaloon was valued at $400,000. After Daymond John acquired the company, it was valued at $171,427.
However, the company has continued to operate and generate $900,000 in yearly sales, with a portion of the charity contributions going to organizations such as Remember Me Thursday and the Petco Foundation.
Therefore, it is likely that the current valuation of Pandaloon has increased since its acquisition by Daymond John. However, the exact current valuation of Pandaloon is not provided in the search results.
What Is Pandaloon Offer On Shark Tank?
Pandaloon is a line of a small dog and puppy costumes that was pitched on Shark Tank episode 911 by Eugenia Chen. The costumes resemble different animals, but Chen is particularly enamored with pandas.
She sought a $60,000 investment in exchange for a 20% stake in her company. Daymond John and guest shark Sara Blakely were interested in investing, but Chen ultimately accepted John’s offer of $60,000 for 35% equity, with ten percent of the equity going to animal charities.
Since appearing on Shark Tank, Pandaloon has generated around $300,000 in revenue and most of its costumes are sold on its website. The average cost per costume is just under $5, and they are sold for $39.99.
Pandaloon has been successful, with annual revenues skyrocketing to more than $1 million per year. The company also has a VIP list for exclusive offers, pre-orders, and product testing opportunities.
Did Pandaloon Get The Deal?
Yes, Pandaloon got the deal on Shark Tank. Daymond John offered $60,000 for 35% equity, and Eugenia Chen accepted the offer. John also agreed to donate 10% of his equity profits to animal rescue charities.
Since appearing on Shark Tank, Pandaloon has continued to be in business and has generated over $1 million in annual revenue.
Its products are available on its website and Amazon, and it offers nine dog costumes, including panda, teddy bear, unicorn, bumblebee, lion, penguin, rabbit, and more.
What Is The Pandaloon Offer?
Pandaloon is a company that offers a variety of dog costumes, including panda, teddy bear, unicorn, bumblebee, lion, penguin, rabbit, koala, and more.
The company was founded by Eugenia Chen and began as an online store selling panda-themed gifts in 2015. Before appearing on Shark Tank, Pandaloon was making $100,000 in annual revenue.
On Shark Tank, Chen asked for $60,000 for 20% equity in her company. Daymond John offered $60,000 for 35% equity, with 10% of the equity profits going to animal-related charities. Chen accepted John’s offer.
Since appearing on Shark Tank, Pandaloon has continued to be in business and its products are available on its website and on Amazon. The company has expanded its product line to include costumes for other animals, such as teddy bears, polar bears, and lions.
Pandaloon has also expanded its product line to include human products, such as t-shirts, slippers, hats, and socks. The company has generated around $300,000 in revenue since launching three years earlier and has annual revenues of more than $1 million per year.
Is Pandaloon Still In Business?
Yes, Pandaloon is still in business as of April 2023. The company sells panda-themed apparel, accessories, and pet costumes, including the famous panda costume that went viral after Eugenia Chen made a video of her Pomeranian, Huxley, wearing it.
Pandaloon was featured on Shark Tank in 2017, where Daymond John invested $60,000 for 35% equity. Since then, the company has continued to operate and generate revenue, with annual revenue of $2 million as of January 2023.
Pandaloon’s products are available on its website and on Amazon. The company offers nine dog costumes, including panda, teddy bear, unicorn, bumblebee, lion, penguin, rabbit, and more. The costumes are patented, adjustable, and of high quality.
Pandaloon also donates a portion of its sales to animal charities, such as Pandas International, Remember Me Thursday, and the Petco Foundation.
In summary, Pandaloon is still in business and thriving, with annual revenue of $2 million as of January 2023.
The company sells panda-themed apparel, accessories, and pet costumes, including the famous panda costume that went viral after Eugenia Chen made a video of her Pomeranian, Huxley, wearing it.
Pandaloon’s products are available on its website and Amazon, and the company donates a portion of its sales to animal charities.
Where is the Pandaloon headquarters located?
Pandaloon’s headquarters are located at PO Box 711732 in Santee, California 92072.
What is the official website of Pandaloon?
The official website of Pandaloon is located at www.pandaloon.com.
How much money does Pandaloon make?
Pandaloon generates $5 million in income.
How many workers does Pandaloon have?
Pandaloon employs 25 people.
What industry does Pandaloon operate in?
Pandaloon is a manufacturer of pet products, consumer goods, and apparel.
What technology stack does Pandaloon use?
Pandaloon makes use of the following technologies: Signifyd, Klaviyo, Twitter Cards, and Cloudflare Content Delivery Network
What is the goal of Pandaloon?
Pandaloon creates pet costumes, which are an integral part of Halloween for many people. The company aims to continue to design and produce these cool items for years to come.
What is a panda puppy?
However, the Panda Dog is not actually a Panda; it is often a Chow, a fluffy breed of dog native to China, which has been properly groomed, haircut, and colored to resemble Pandas.
What is a teddy bear dog?
Shichons are a combination of the Shih Tzu and Bichon Frise dog breeds. These pups are affectionate, bright, and extroverted, inheriting some of the greatest characteristics from both of their parents.
Shichons are also known as Shih Tzu-Bichon mixes, Zuchons, and Teddy Bear dogs.
What episode of Shark Tank is Pandaloon on?
In Shark Tank episode 911, Eugenia Chen seeks a Shark to partner with her in Pandaloon, a line of a little dog and puppy costumes.
What is the height of Huxley the panda?
Huxley, the panda dog in the Pandaloon Company, is 28 inches tall.
What is the net worth of Eugenia Chen?
The net worth of Eugenia Chen is unknown.
