Toymail Net Worth
Toymail was valued at around $12 million at the time of its appearance on Shark Tank. The company went out of business in 2018 and filed for bankruptcy.
Toymail’s net worth is not available, but its YouTube channel has a net worth of $10,252 as of March 1, 2023.
Toymail is an American YouTube channel with over 1.13K subscribers that started nine years ago and has 43 uploaded videos. The company’s website is no longer live, and it stopped updating its social media pages in early 2019.
What is Toymail and Who founded Toymail?
Toymail is a corporation that was established by Guari Nanda. The company produces plush toys with Wi-Fi capabilities that are referred to as Talkies. These toys can utilize a companion application to send and receive voice and text messages.
Furthermore, they respond to physical play, such as laughter when they are shaken. Talkies are the most costly and largest of the three sizes available, costing $59. Smaller versions are also available, including Teensies and Weensies, which can record a child’s voice and make entertaining noises, costing $10 and $15, respectively.
The product has received positive feedback from customers, indicating that it not only functions effectively but also brings pleasure.
Toymail Shark Tank
Toymail, founded by Guari Nanda in 2013, was initially launched through a successful Kickstarter campaign that raised $83,341. The funds were used to cover the company’s initial production costs.
Later, as the CEO of Toymail, Gauri appeared on Shark Tank seeking $250,000 in exchange for 2.5% ownership of the company. During the pitch, Gauri demonstrated how the product kept families connected, highlighting its interactive features.
She disclosed that Verizon and Amazon had already invested $1.6 million in the company. The cost of producing Toymail was $20, but Gauri aimed to reduce it to $10.
The Sharks showed interest in the product and asked questions about the company’s past and future potential. Eventually, Chris and Mark offered $400,000 and $500,000 respectively for a 5% stake in the company.
However, Lori suggested teaming up with Chris, and he agreed to increase his offer to $600,000 for a 5% stake, with Lori sharing in the profits. Gauri happily accepted the offer. Despite this, a deal between Chris and Lori did not materialize.
Toymail has expanded its product line to include “talkies,” which are Wi-Fi-enabled plush toys that can send and receive voice and text messages.
These talkies are now available for purchase on the company’s website, Amazon, Target, and Best Buy. Toymail also introduced a monthly subscription service that allows customers to download new content, such as stories and music, for $2.99.
Unfortunately, the company filed for bankruptcy in November 2018 and is no longer in operation.
FAQS of Toymail
Who founded Toymail?
Toymail is founded by Gauri Nanda
What happen to Toymail at Shark Tank?
Toymail met their goal of landing a deal with the Sharks, but unfortunately it went so well that Nanda was not able to gain investors for her business.
She secured an investment from Lori Greiner and Chris but never came to a closed.
How much money was raised by the Kickstarter campaign?
Toymail raised an impressive $83,341 from their Kickstarter campaign before the Sharks offered a deal.
What does Toymail do?
Toymail enables children to connect through text and voice chat about anything they want, whether it’s playing with their toys or playing outside, while being able to listen to the voice recordings of the toys.
What are Toys?
Toys can be anything that can be played with. Some toys are functional, such as a fire truck that you use to put out fires.
What other brands are similar to Toys?
Some companies are similar to toys, but other brands are not.
For example, Pokemon toys do not allow kids to converse with friends because they may talk about what they’re doing in the game world rather than in real life.
How much profit is made from Toys?
Some brands make a profit from the sale of toys, but many other brands do not.
What do the Toys talk about?
The toys want to play, so they just want to ask questions all the time. If kids give positive answers, they will be rewarded with new messages and sometimes with music.
Can the kids talk to Toys?
Yes, it is possible that kids can converse with their toys. They must be very good at communicating with the toys because they may talk about what they’re doing in the game world rather than real life.
How much does it cost to use Toymail?
Toymail is free to use, and it works over Wi-Fi. The company also offers a cloud service for $2.99 per month, which is useful if kids want to listen to something new.
How much does it cost to buy the toys?
The toys are currently priced at $20-$25 apiece.
What data is collected from the kids?
Kids do not need to enter any personal information to start using Toymail.
Why should kids use Toymail?
Kids should use Toymail because it’s an educational and entertaining app that allows them to connect with friends and play with their toys.
Who are the competitors of Toymail?
The company has no direct competitors because it is unique.
What do the products offer to the kids?
Toymail offers toys that respond to kids’ voices and questions. The company also offers a subscription service for $2.99 per month.
What is the age limit for using Toymail?
Kids should be able to use Toymail because it’s a fun and entertaining app that allows them to connect with friends and play with their toys.
What are the benefits that parents can get from Toymail?
Parents do not need to worry if their kids are communicating with their toys via Toymail because they will always be playing safe.
What exactly is Toymail?
Gauri Nanda intends Toymail, wifi-enabled plush toys that send voice or text messages, to transform the way children communicate.
What is your educational background?
Lori inquires about her history, and she explains how she designed an alarm clock while studying at MIT.
What’s the proposal?
Gauri comes in with a proposal of $250,000 for 2.5 percent of her company.
What Talkies applications are available?
Toymail cloud for Talkies includes programs such as Remindie, an audio calendar for kids, Sleepie, which provides calming sounds and music during night, and Voicie, a speech filtering tool.
What is Gauri’s background?
She described herself as a first-generation American, the offspring of Indian immigrants who arrived in America with only $10 in their wallets.
What features do you gain access to?
Songs and stories, as well as instructional information, are among the alternatives.
What else does Toymail add?
Toymail has also incorporated a new subscription option that is both entertaining and useful.
When was Toy mail founded?
Gauri Nanda and Audrey Hill co-founded Toymail in 2013. It is a startup that creates Wi-Fi-enabled toys for children that send voice and text messages.
What is Gauri’s aim for Toymail?
Gauri’s goal with Toymail is to alter the way children engage with toys.
What happened in the shark tank Gauri’s sales pitch?
Gauri began her presentation by explaining that Toymail was all about keeping families connected, especially while they were separated.
Gauri took a toy from the stage and explained that kids may use it to send a voice message to their parents.
What was the valuation?
She stated that she was looking for $250,000 in exchange for 2.5 percent of her company. That is a valuation of about 10M
What was the deal made with Lori Greiner?
She agreed to a $600,000 deal with Lori Greiner and guest shark Chris Sacca in exchange for a 5% stake in Toymail. That raises the company net worth of about $12Million valuation.
What exactly are Toymail Talkies?
Toymail is all about bringing families closer together by opening up new communication avenues.
It allow your children to communicate with their friends and family in a two-way voice chat without requiring them to use a computer or mobile device.
How does Toymail function?
Toymail Talkies platform includes a variety of applications such as Remindie (“an audible calendar for kids”), Sleepie (the toy produces calming noises at night), and Voicie (kids may apply amusing filters to their voice), among others.
How can I communicate with Talkies?
To send messages to Talkies, parents and adults must first download the free Toymail app.