STEM Center USA Shark Tank Net Worth 2023

When STEM Center USA appeared on the television show Shark Tank to pitch their business idea, their net worth was assessed at $1 million.

However, the company has since continued to provide its services and generate income. As of the year 2021, it is estimated that the net worth of STEM Center USA has increased to $1.6 million.

This suggests that the company has been successful in its operations and has been able to grow its financial assets over time. STEM Center USA is still in business with annual revenue of $2 million as of 2022.

 

What is STEM Center USA? Who is the founder of STEM Center USA?

STEM Center USA is a non-profit organization founded in 2011 by Melissa and Lavanya Jawaharlal. Their goal is to share their passion for engineering with middle school, high school and college students through hands-on, experiential learning at their physical location in Claremont, California.

They offer a variety of programs for students of all ages and host public events to engage the community in STEM fields.

Melissa is an engineer at Raytheon Space and Airborne Systems and Lavanya is a student in the Mechanical Engineering program at the University of California, Berkeley.

They raised over $100,000 on Kickstarter in 2014 to support their PI Robot kit, which allows students to build a robot at a low cost for hands-on experience.

STEM Center USA Shark Tank Pitch

Lavanya and Melissa, who are known as the Jawaharlal sisters, presented their STEM education center, STEM Center USA, on Shark Tank.

They aimed to secure $150,000 in exchange for 15% ownership of their $1 million-valued company. During their pitch, they highlighted the accomplishments of their 85 members and $135,000 in profits.

However, some of the Sharks were hesitant about the scalability and focus of their business, and a few declined to invest.

Nevertheless, Chris Sacca expressed interest and offered $150,000 for 25% ownership of the company, which was valued at $600,000. The sisters refused this offer since they were set on their $1 million valuation.

Lori Greiner also expressed interest and offered $150,000 for a 20% equity share, which was valued at $750,000. Eventually, they agreed on a deal of $200,000 for a 20% equity share in the company with a $1 million valuation, and the deal was finalized.

After the Shark Tank appearance, STEM Center USA did not finalize a deal with Lori Greiner. Nevertheless, the organization continued to operate, adapt, and expand.

They launched a Kickstarter campaign on the same night as their Shark Tank appearance for a wearable electronics kit called the Fiat LUX. They intended to use Lori’s funding to franchise and expand their business across the United States.

When the COVID-19 pandemic hit, they adapted to the situation by offering virtual lessons, and they claim to have served over 20,000 students. As of 2021, their yearly income is reported to be $2 million.

Net Worth of STEM Center USA

The net worth of STEM Center USA was valued at $1 million during their pitch on Shark Tank. However, since then, the company has continued to generate revenue from their services, and as of 2021, it is estimated to have a net worth of $1.6 million.

STEM Center USA Shark Tank Updates

STEM Center USA is a membership-based learning center that provides a STEM curriculum to help students excel in science, technology, engineering, and math.

The company was founded by sisters Lavanya and Melissa Jawaharlal. In their Shark Tank pitch, they asked for $150,000 for 15% equity and ended up making a deal with Lori Greiner for $200,000 for 20% equity.

At the time of filming, the service had 85 members and $135,000 in profits. As of January 2023, their annual revenue is $2 million.

During the Covid-19 pandemic, STEM Center USA provided virtual classes and served over 20,000 students. After Covid, they partnered with 10 charter schools to provide curriculum. They still have one center located in Claremont, California.

The company launched a Kickstarter campaign on the same night as its Shark Tank appearance for a wearable electronics kit called the Fiat LUX. They intended to use Lori’s funding for the franchise and expand their business across the United States.

STEM Center USA’s net worth was valued at $1 million during their Shark Tank pitch. However, as of 2021, it is estimated that their net worth has increased to $1.6 million. The company has continued to provide its services and generate income after its Shark Tank appearance.

Summary Table: STEM Center USA Shark Tank Net Worth 2023

KEY INFORMATION	DETAILS
Company Name	STEM Center USA
Founders	Melissa and Lavanya Jawaharlal
Year Founded	2011
Location	Claremont, California, USA
Business Description	A non-profit organization providing STEM education programs
Shark Tank Pitch	Asked for $150,000 for 15% equity and accepted $200,000 for 20% equity from Lori Greiner
Net Worth	Valued at $1 million during Shark Tank pitch, now estimated to be $1.6 million (as of 2021)
Annual Revenue	$2 million (as of 2022)
Programs Offered	Hands-on, individualized K-12 STEM programs, robotics, and coding classes (in-person and virtual)
Kickstarter Campaign	Successfully raised over $100,000 in 2014 for the PI Robot kit and launched a campaign on the same night as the Shark Tank appearance for a wearable electronics kit called Fiat LUX
COVID-19 Response	Adapted to the situation by offering virtual lessons and serving over 20,000 students.
Expansion Plans	Intended to use Lori’s funding to franchise and expand their business across the United States. Currently have one center located in Claremont, California, and partnered with 10 charter schools to provide curriculum.

 

STEM Center USA FAQs

What Is  STEM Center USA And How Does It Work?

STEM Center USA is a company founded by sisters Melissa and Lavanya Jawaharlal with a mission to inspire the next generation of STEM leaders.

The company offers hands-on, individualized K-12 STEM programs that make learning fun, meaningful, and long-lasting.

The programs are designed to equip the next generation with life skills including critical thinking, creativity, and a basic understanding of how technology works.

STEM Center USA has designed a unique sequence of courses and activities that have been offered throughout Southern California and worldwide, reaching over 40,000 students.

STEM Center USA offers both virtual and in-person robotics and coding classes for kids and school districts. The company provides personalized, virtual experiences through private or group lessons.

STEM Center USA is a constant source of education and inspiration for children, and the staff is dedicated, caring, and completely devoted to providing a rich experience for all students. The company is a trusted source of STEM education for parents and teachers alike.

STEM Center USA is located in Pomona, CA, where they conduct a wide variety of after-school classes for kindergarteners through college ages, all revolving around STEM principles.

Students pay a yearly membership fee of $1295, plus additional monies for classes that require additional materials. The curriculum includes a robotics kit, a Raspberry Pi kit, and two educational games that teach students the ABCs of technology.

STEM Center USA provides students with an experiential education that excites, engages, and enriches them through a hands-on, learn-by-doing approach.

The company inspires the next generation of STEM leaders by developing a passion for STEM careers at a young age and maintaining interest throughout middle and high school.

Who is the founder?

The STEM Center was co-founded by entrepreneurs Lavanya and Melissa Jawaharlal.

What Kind Of Programs Does STEM Center USA Offer?

STEM Center USA offers a wide range of programs for K-12 students to inspire the next generation of STEM leaders.

They provide hands-on, individualized STEM programs that make learning fun, meaningful, and long-lasting. STEM Center USA offers classes in STEM, technology, coding, programming, robotics, science, STEAM, art, academics, events, pod learning, drawing, gaming, and open play.

They also offer online activities. STEM Center USA has designed a unique sequence of courses and activities that have been offered throughout Southern California and worldwide, reaching over 40,000 students.

STEM Center USA provides students with an experiential education that excites, engages, and enriches them through a hands-on, learn-by-doing approach.

They offer robotics kits, Raspberry Pi kits, and educational games that teach students the basics of technology. STEM Center USA inspires the next generation of STEM leaders by developing a passion for STEM careers at a young age and maintaining interest throughout middle and high school.

Their mission is to equip the next generation with life skills including critical thinking, creativity, and a basic understanding of how technology works.

What Was The Outcome Of STEM Center USA Shark Tank Pitch?

STEM Center USA received a deal from Lori Greiner on Shark Tank. The Jawahar sisters pitched their membership-based learning center with a STEM curriculum and asked for $150,000 in exchange for 15% equity.

Lori Greiner offered $200,000 for 20% equity, which the sisters accepted. However, it is unclear if the deal was finalized and if Lori Greiner became an investor in the company.

Since its appearance on Shark Tank, STEM Center USA has continued to provide its services and generate income.

As of January 2023, their annual revenue is $2 million, and their net worth is estimated to be $1.6 million in 2021. The company has also expanded its reach by partnering with 10 Charter schools to provide curriculum.

What Happened To STEM Center USA After Its Appearance On Shark Tank?

STEM Center USA is a membership-based learning center with a STEM curriculum that was founded by sisters Lavanya and Melissa Jawaharlal.

The center was featured on Shark Tank in 2016, where they pitched for $150,000 in exchange for 15% of their business. Lori Greiner offered an investment of $200,000 for a 20% equity in STEM Center USA, which the sisters accepted. However, it was later revealed that the deal never closed.

Despite this, STEM Center USA is still in business and has partnered with 10 charter schools to provide curriculum. As of January 2023, the center has an annual revenue of $2 million.

STEM Center USA also launched a new Kickstarter campaign called the Fiat LUX wearable electronics kit on the night their segment aired.

They used their investment from Lori to start franchise paperwork so they could expand STEM Center nationwide, but franchising has not happened as of June 2022.

The net worth of STEM Center USA is $3 million as of 2022, and the center has a self-assembly product that was launched on its website in 2014, adding another lucrative revenue stream to its business after a highly successful Kickstarter campaign.

During the Covid-19 pandemic, they also offered virtual classes. Overall, while the deal with Lori Greiner did not close, STEM Center USA has continued to grow and expand its reach.

Where is the center located?

The STEM Center is located in Claremont, California.

What is their offer on Shark Tank?

They were asking for $150,000 for 15% stake in their company with a valuation of $1 million.

Did they get the offer?

Yes, they got the offer.

How much was the offer?

Lori offers them $200,000 for 20% equity shares in their STEM firm with a valuation of $1 million. But they never close the deal.

Is still in business?

Yes, they are still in business.

How many students are parts of their club?

They have over 20,000 students in the US and Europe.

Who is the target student?

The STEM Center has a very wide reach in terms of its target students.

What is the Net worth after Shark Tank?

They are estimated to be $1.6 million in net worth by 2021.

How do I contact the STEM Center?

You can contact the STEM Center by calling (909) 399-1300 or through their website.

What is a middle school welder?

It’s a program for students who want to learn how to weld while building construction toys, designed for middle schools.

What do they do?

They hope to inspire kids to follow their dream passion for engineering with their educational programs.

Who is Melissa Jawaharlal?

Melissa Jawaharlal is the co-founder and President of STEM Center USA. Her professional experience as a biomedical engineer and work as a software engineer at Raytheon Space and Airborne Systems has given her the background and experience to run and grow the organization.

She enjoys seeing young people excel, especially those who have to overcome obstacles to accomplish their goals.

How is the business model?

The STEM Center has one kind of membership that gives exclusive access to all their programs.

Is it safe?

When an individual joins the STEM Center, their information is not sold to third parties. This also applies to other email lists Melissa has.

They only use the information for communication purposes and do not sell it.

How long have they been in business?

Since 2011, when Melissa founded STEM Center USA.

How did they make a profit?

Their revenue comes from selling memberships to their programs, which cost from $1400-1800 per year depending on what program a member chooses to take part in.

What are the strengths?

The STEM Center teaches kids how to make, build and create things. This is a very important skill in the future of business.

Is there any opportunity?

Yes, the opportunity is for those who want to be part of the fastest growing (education) business.

How does STEM Center USA use social media?

They use social media as a way to promote their services and products.

What is their goal?

Is to educate kids and inspire them to pursue a career in engineering and technology.