Raising Wild Swimwear Shark Tank Net Worth 2023
Raising Wild Swimwear appeared on Shark Tank to raise money for further development and manufacture.
During the pitch, the company was estimated to be worth $500,000. Barbara’s investment increased the company’s value to $200,000.
After their appearance on Shark Tank, Raising Wild made over $400,000 in sales. Since its beginning, the company has generated revenue of $25 million in 2021.
Raising Wild Swimwear is still in business and has grown since their appearance on Shark Tank. As of May 2021, they have expanded into children’s swimwear.
The firm was valued at $500,000 during the pitch and now has a net worth of $200,000. Valuation of Raising Wild has hit $25 Million over the years from its initial phase.
What is Raising Wild Swimwear? Who is the founder of Raising Wild Swimwear?
Raising Wild Swimwear is a clothing company that specializes in creating swimwear for wild swimming.
The brand recognizes that humans have designed swimsuits to make it easier to enjoy water, but for animals, it can be harmful as they are not designed to move in any direction other than downward.
To address this issue, the company has launched its Swim-Suits-for-Wildlife line.
Raising Wild is a swimwear brand co-founded by two sisters from Florida, Rachelle Hyde and Kara Haught. The company offers all-around swimsuits that are designed for fit, fashion, and function.
They cater to both adults and children and are committed to getting individuals confident in swimwear and out of their beach chairs to embrace their unique style.
Their swimsuits are designed to provide comfort and style, allowing wearers to feel confident and empowered. Rachelle and Kara grew up in Florida and spent most of their time on the beach in their bathing suits. To them, a swimsuit is like a pair of pants, and they even watched their mother sew when they were young.
In 2015, the sisters decided to follow their mother’s footsteps and create their own swimwear brand that would look great while also allowing for a range of motion during outdoor activities such as fishing and wake surfing.
While their swimsuits are elegant and alluring, they also encourage women to embrace their wild side.
Raising Wild Swimwear Shark Tank Pitch
Kara and Shelly opted to present their invention to investors on Shark Tank with the aim of obtaining funding for development and manufacturing. They sought $100,000 for a 20% stake in their company, which was worth $500,000.
During the presentation, they shared their story, distributed samples, and answered questions about their sales. They claimed to have made $130,000 in total sales and had managed all social media marketing on their own.
They also mentioned that their profit margins were healthy, manufacturing suits for $38 and selling them for $130 to $160.
While they required funding for marketing, Mark argued that they needed a plan, and Kevin didn’t think their invention was worth investing in and left immediately.
Mark believed that their proposed expansion into children’s swimwear was too ambitious, so he rejected the offer.
Lori thought that it would require a lot of effort, and she declined as well. Robert felt that it was too early to invest, so he also rejected the proposal. All four Sharks, except for Barbara, exited without making a deal.
Barbara made an offer of $100,000 for a 51% stake in the company, but the girls countered with a 35% stake. After negotiations, they eventually agreed to a 50% stake in the company, with the other 50% to be split with Barbara.
Kara and Shelly finalized the deal with Barbara, and after their initial appearance, they sold $400,000 worth of suits in the following year.
Since the Barbara investment, the company has grown steadily, and as of May 2021, they have expanded into children’s swimwear, with total lifetime sales exceeding $25 million.
Net Worth of Raising Wild Swimwear
The firm was valued at $500,000 during the pitch, after the investment from Barbara the company valued at $200,000.
In 2021 the company has revenue of $25 million since inception, this shows that the company net worth has also elevates.
Raising Wild Swimwear FAQs
What is Raising Wild Swimwear?
Raising Wild Swimwear is a clothing brand that focuses on creating suits and bathing suits for swimming in the wild. The company believes that humans have developed swimsuits to make it easier to enjoy the water.
But, for animals, this behavior can be detrimental because they are designed to only move in one direction downward.
The company started by finding a way to combat this problem with their Swim-Suits-for-Wildlife line.
Who is the founder?
Rachelle Hyde and Kara Haught, sisters from Florida, founded Raising Wild Swimwear. The two sisters grew raised in Florida and spent their days in their beach costumes.
They founded their firm with the goal of providing ladies with a fashionable swimming suit that “embraces mobility.”
How much were asking on Shark Tank?
They were asking for $100,000 for a 20% stake of their business at value of $500,000.
Did they get the deal?
Yes, they got a deal from Barbara of $100,000 for 50% of Raising Wild, contingent on them selling their garments at $99.
Is Raising Wild Swimwear still in business?
Yes, the company is still in business and has grown since their appearance on Shark Tank.
What is the net worth of Raising Wild?
Raising Wild Swimwear has a net worth of $200,000 since the company valuation was worth $500,000 during the pitch. In 2021 the company has revenue of $25 million since inception.
What business trends are relevant to Raising Wild Swimwear?
Unique and sturdy is a key item as well as a growing number of individuals that are more health aware with more options to engage in physical activities and enjoy nature.
How much does it cost?
A bathing suit costs $130 to $160.
How do I buy Raising Wild Swimwear?
Customers can buy Raising Wild Swimwear from their website at raisingwildswim.com.
How do I pay?
Customers can pay by credit cards, Pay Pal and Amazon.
What is the benefit of Raising Wild Swimwear?
The product is made from 100% certified organic cotton and is soft on the skin.
What are the target markets?
Women who love the great outdoors and want to be able to swim in lakes and streams without worrying about their bathing suit.
What is the retention rate?
The retention rate for Raising Wild Swimwear is unknown.
Is it safe to buy online?
Yes, one can buy online without being worried about being scammed.
Is any opportunity in Raising Wild Swimwear?
It is unclear how the company’s exposure on the show may have affected interest in the firm.
What is the marketing strategy?
Raising Wild is the only company so far that has used all social media marketing to date. The company created videos, used the hashtag “#swimsuitsforwildlife” and used Facebook ads to drive traffic to their website.
Is it any good?
Raising Wild Swimwear’s swimwear is quite durable and has a comfortable fit. However, many of the individuals who have purchased a suit from Raising Wild Swimwear have stated that they would not recommend the product to others because of its durability.
What was the inspiration behind Raising Wild Swimwear?
The idea came from their time spent as children in Florida and their desire to be able to swim with nature without worrying about losing sight of their location and being seen by predators.
What is the financial model for Raising Wild?
According to Rachelle and Kara, Raising Wild Swimwear plans to make all of its profits from sales of its suits.
What is the net worth of Rachelle Hyde?
Rachelle Hyde has a net worth of $1.5 Million.
What is the net worth of Kara Haught?
Kara Haught net worth is unknown.