Sseko Designs Shark Tank Net Worth 2023

Sseko Designs appeared on Shark Tank in season 6, episode 19, seeking $300,000 for a 10% stake. This would make the Company’s valuation $3 million at that time.

Fast forward to 2022 and that valuation has grown significantly – the Company’s net worth is now estimated to be 12 Million USD.

Sseko Designs has experienced rapid growth and success since their appearance on Shark Tank in 2013, firmly positioning them as one of the premier female-founded ethical fashion businesses on the market today.

What Is Sseko Designs? Who Is The Founder Of Sseko Designs?

Sseko Designs is a company headquartered in Portland, Oregon that specializes in selling handcrafted sandals featuring interchangeable decorations. The sandals are made by women from Uganda who are striving to achieve their goals and overcome financial hardship.

Sseko provides female Sseko Fellows in Uganda with valuable training in life skills, professional mentorship, and opportunities for further education.

While initially focused on sandals, Sseko has since expanded its product line to include a wide range of fashion items, all of which are exclusively manufactured by Ugandan women. These products are available for purchase on the company’s website, as well as in more than 100 small boutiques throughout the United States and Canada.

After completing her college degree in 2008, Liz moved to Uganda to work for a non-profit organization in public relations and communications. During her time there, she encountered many young women who were struggling to pay for their college education.

In response to this, Liz decided to start a sandal-making business and employed these same young women. Through their work at Sseko Designs, these women were able to earn money to fund their college education.

Liz takes great satisfaction in the knowledge that she is making a positive impact in the lives of these individuals, helping them to break the cycle of poverty and find purpose and meaning in their lives.

What Happened To Sseko Designs At The Shark Tank Pitch?

Sseko Designs made an appearance on season 6 episode 19 of Shark Tank, where they asked for $300,000 in exchange for a 10% stake in their company, which gave them a $3 million valuation. During their pitch, they showcased their sandals and explained their work-study program for women in Uganda.

They made it clear that they were a for-profit organization and that their altruism stemmed from hiring Ugandan women rather than donating a percentage of their revenue to charity.

Liz shared how she got into the business, and Barbara was curious about how she had hired the women. Liz explained that the women she had befriended in Uganda had become her employees.

Liz also distributed sandals while discussing the program and revealed that they had already had 47 women graduate from the program, all of whom had completed college.

Although they had generated $1.1 million in sales that year and borrowed $250K to employ salespeople, they admitted that they wouldn’t be profitable for a few years. Barbara compared Sseko to Grace and Lace but felt that they were more focused on profit, unlike Ben and Liz.

Mark was not convinced of the cause-and-effect relationship and saw too much self-promotion that wasn’t helping them achieve their goals, so he backed out. Kevin valued the company at only $700,000 and didn’t believe they could reach an agreement, so he also withdrew.

Robert advised that investing in a small business was best done when the sales were already coming in, rather than ahead of time. He also saw no viable way for them to grow and chose not to invest.

Lori was enthusiastic about the company’s mission and style but struggled with the sandal’s fit during the pitch. As a result, she also decided not to invest, leaving Liz and Ben without a Shark Tank investment.

What Happened to Sseko Designs after the Shark Tank?

Within 48 hours of their original air date, they managed to sell the amount of merchandise that would typically be sold in a month. The company is still operating as of August 20, 2021, and has since broadened its product range to include purses, outerwear, jewellery, and coffee.

They are also collaborating with women from Kenya, Ethiopia, and India. The company generates an annual revenue of $24 million.

What is the Net Worth of Sseko Designs?

On Shark Tank season 6 episode 19, Sseko Designs appeared seeking $300,000 for a 10% stake in the firm. This equates to a $3 million valuation of the Company. Current valuation is evidently higher since the Company has grown.

Who are the Competitors of Sseko Designs?

Sseko Designs’ main competitors include Chaco, OluKai, KEEN, Kamik, Sanuk, soleRebels, and Wiivv.

Sseko Designs Shark Tank Updates

Sseko Designs is a socially conscious company that produces hand-made leather sandals, shoes, handbags, scarves, and other accessories. The company was founded in 2009 by Liz Bohannon, who traveled to Uganda to do PR and communications for a non-profit.

She met many young women who were struggling to fund their college educations, so she decided to start making sandals, employing the same young women. Their income from Sseko Designs allowed them to pay for their college educations.

Sseko Designs appeared on Shark Tank in 2015, pitching their interchangeable sandals that give the customer the option of several different looks for the price of one.

Although they did not receive a deal on the show, their appearance resulted in a month’s usual revenue being made in 48 hours after the show.

As of August 2021, the company is still in business and has added handbags, outerwear, jewelry, home goods, and coffee to their line of products. They have a whopping $20 million in sales annually and are still growing.

In 2016, the Sseko Fellows launched, and for the first time, women all across the U.S. launched their own impact businesses by selling Sseko and styling their communities. The company’s mission is to create opportunity and community for women across the globe.

They partner with artisan groups and ethical factories to produce their products, and a portion of their profits goes towards sending bright young women in Uganda to university.

Sseko Designs Shark Tank Table Summary:

ITEM	INFORMATION
Shark Tank Pitch	Sseko Designs appeared on season 6, episode 19, asking for $300,000 for a 10% stake in the company, valuing it at $3 million
Current Net Worth	Estimated to be $12 million USD as of 2022
Company Description	A socially conscious fashion company that sells handcrafted sandals featuring interchangeable decorations made by Ugandan women. The company also provides these women with life skills training, professional mentorship, and educational opportunities
Expansion	Sseko Designs has expanded its product line to include a range of fashion items, and collaborates with women from Kenya, Ethiopia, and India
Competitors	Chaco, OluKai, KEEN, Kamik, Sanuk, soleRebels, Wiivv
Shark Tank Update	Although they did not receive a deal, their appearance resulted in a month’s usual revenue being made in 48 hours after the show, and the company now generates an annual revenue of $24 million.

Sseko Designs FAQS

What Is Sseko Designs And How Does It Work?

Sseko Designs is a socially conscious fashion company that produces unique, handcrafted footwear and accessories. The company was founded in 2009 as a way to generate income for high potential, talented young women in Uganda to continue on to university.

Sseko Designs employs these women to make sandals, shoes, handbags, scarves, and other accessories, and their income from Sseko Designs allows them to pay for their college educations.

The company has grown significantly since its founding, becoming the largest footwear exporter in East Africa and expanding its product line to include handbags, outerwear, jewelry, home goods, and coffee.

In addition to providing employment opportunities for young women in Uganda, Sseko Designs also has a program called the Sseko Fellows, which allows women all across the U.S. to launch their own impact businesses by selling Sseko products and styling their communities.

The company’s mission is to create a positive social impact by empowering and educating women, and to provide customers with high-quality, ethically-made products that they can feel good about purchasing.

What Products Does Sseko Designs Offer?

Sseko Designs offers a variety of sustainable fashion products, including handcrafted footwear, handbags, outerwear, jewelry, home goods, and coffee. The company’s products are designed with dignity and thoughtfully created to have beautiful stories behind them.

Sseko Designs started with hand-made leather sandals and has since expanded its product line to include a range of apparel, such as kaftans, sweatshirts, and reversible skirts.

The company is committed to creating educational opportunities for academically gifted female scholars in Uganda and has created opportunities for hundreds of women to continue on to university and become leaders in their communities.

Sseko Designs is a socially conscious brand that believes in creating dignity and opportunity for every person involved in their business, from the factories where their products are produced to the artisans who create them.

Who founded Sseko Designs?

Liz Bohannon founded the company after moving to Uganda after graduating from college in 2008 to work in public relations and communications for a non-profit.

What Was The Outcome Of Sseko Designs Shark Tank Pitch?

Sseko Designs appeared on Shark Tank in season 6, episode 19, seeking $300,000 for a 10% stake, but did not receive a deal from any of the Sharks.

Despite not receiving a deal, the company is still in business and has experienced rapid growth and success since their appearance on the show in 2013. The company’s net worth is now estimated to be $12 million USD.

Sseko Designs has expanded its product line to include handbags, outerwear, jewelry, home goods, and coffee. The company’s appearance on Shark Tank resulted in a significant increase in revenue, with a month’s worth of sales being made in just 48 hours after the episode aired.

What Happened To Sseko Designs After Its Appearance At The Shark Tank?

After appearing on Shark Tank, Sseko Designs did not receive a deal from the sharks. However, the company’s appearance on the show resulted in a significant increase in revenue, with a month’s worth of sales being made in just 48 hours after the episode aired.

Despite not receiving a deal on the show, the company is still in business and has expanded its product line to include handbags, outerwear, jewelry, home goods, and coffee. As of 2021, the company is still in business and growing, with new types of products being added to their line.

Sseko Designs is committed to empowering women and their communities, and their products are available for purchase on their website.

In 2016, the Sseko Fellows program was launched, allowing women across the U.S. to launch their own impact businesses by selling Sseko products and styling their communities.

How much were they seeking in the Shark Tank?

In Shark Tank season 6 episode 19, they asked for $300,000 for a 10% stake in the firm.

Did they get the deal from the Sharks?

No. they left the Tank without the deal from the Sharks.

Is Sseko Designs still in business?

Yes. They’ve expanded their product range to include purses, outerwear, jewellery, and coffee, and they’re collaborating with women in Kenya, Ethiopia, and India and as of August 20, 2021, the company is still in operation.

Where is Sseko Designs located?

Sseko Designs is based in Portland, Oregon.

Are Sseko Designs products made in Uganda?

The sandals are handmade by Ugandan women who are “trying to follow their aspirations and overcome poverty.”

Are Sseko sandals comfortable?

They are comfortable. The straps are simple to adjust. They may personalize their sandals by using different ribbons and threads

What is the website address of Sseko Designs?

Sseko Designs website is at www.ssekodesigns.com

Where can they buy Sseko Designs?

They can buy Sseko Designs on their website as well as in over 100 small boutiques throughout the United States and Canada.

What methods of payment do they accepts?

They accept credit cards, Visa, America Express and PayPal.

When was Sseko Designs founded?

Sseko Designs was founded in 2009.

Is Sseko Designs privately or publicly owned?

Sseko Designs is privately owned.

Do they have any competitors?

Sseko Designs’ main competitors include Chaco, OluKai, KEEN, Kamik, Sanuk, soleRebels, and Wiivv.

What is the annual revenue of Sseko Designs?

As of August 20, 2021, the company is still in operation and reported $24 million annually in revenue.

What is the net worth of Liz Bohannon?

Liz Bohannon’s net worth is unavailable.

Who is Liz Bohannon?

Liz Forkin Bohannon earned a Master’s degree in Journalism from the University of Missouri.

She relocated to Uganda in 2008 to help with communications for a youth development organization based in Kampala.

During her time there, Liz founded Sseko Designs, a non-profit organization that provides employment and entrepreneurship training to women in East Africa.