Raising Wild Swimwear Shark Tank Update | Raising Wild Swimwear after Shark Tank
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.
Raising Wild is a swimwear brand founded by two Florida sisters Rachelle Hyde and Kara Haught. The company is in the business of all-around swimsuits defined as created for fit, fashion, and function.
Delivering swimsuits to both adults and kids, the sisters are devoted to getting individuals confident in swimwear out of their beach chairs and dropping their towels to raise their particular type of crazy.
The suits are created to give comfort and elegance to make the wearers confident and smart.
Who is the founder of Raising Wild Swimwear?
Rachelle Hyde and Kara Haught, sisters from Florida, founded Raising Wild, a swimwear firm.
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.”
When they weren’t at the beach, fishing, wake surfing, or otherwise enjoying the Florida outdoors in their bathing suits, they stayed in them!
To a Floridian, a swimming suit is comparable to a pair of pants. They also spent their formative years watching their mum sew.
In 2015, they decided to follow mom’s lead and create their own brand of bathing suits that looked excellent but yet allowed for some range of motion while participating in outdoor sports.
While the Raising Wild bathing suits are elegant and seductive, they nevertheless allow women to grow their own wild.
What Happened to Raising Wild Swimwear at Shark Tank pitch?
Kara and Shelly decided to pitch their invention to Shark Tank investors in order to get funding for development and manufacturing.
Kara and Shelly are asking $100,000 for a 20% stake in their firm, which is valued at $500,000. They share their tale, distribute samples, and begin fielding queries about their sales.
They claim to have generated $130,000 in lifetime sales and have handled all social media marketing to date. Profit margins are healthy: they manufacture suits for $38 and sell them for between $130 and $160.
They require funding for marketing, but Mark asserts that they also require a plan. Kevin claims there is nothing worth investing in and exits immediately.
Mark believes their projected expansion into children’s swimwear is too much, too soon, and he is left the deal. Lori believes it’s a lot of effort, and she, too, is out.
Robert declares that it is too soon, and he goes out, along with all four Sharks except Barbara, is eject from making the deal.
Barbara offers $100,000 in exchange for 51% stake in the firm, contingent to the suits being sold at $99.
The girls counter with a 35% stake in the firm, and they eventually agree to a 50% stake in the company and a 50% to be split with Barbara, and they all strike a deal.
What Happened to Raising Wild Swimwear after Shark Tank?
Kara and Shelly finalized the transaction with Barbara after striking a deal during the pitch. They sold $400,000 worth of suits the year after their initial appearance. The firm has grown steadily since the Barbara investment.
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.
