Toymail Shark Tank Net Worth

Toymail was valued at around $12 million at the time of its appearance on Shark Tank[1]. 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 Gauri 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.

Toymail Shark Tank Updates

Toymail is a wifi-enabled plush toy that delivers voice or text messages, allowing friends, families, and kids to communicate without using a phone. Gauri Nanda pitched Toymail in Shark Tank Season 8, seeking a $250,000 investment in exchange for 2.5% equity.

Chris Sacca and Lori Greiner invested $600,000 for 5% equity. However, the deal with Chris and Lori never closed.

Toymail got its business off the ground with a successful Kickstarter campaign that raised $83,341.00. At the time of its appearance on Shark Tank, Toymail was valued at around $12 million.

However, the company went out of business in 2018 and filed for bankruptcy. Its website is no longer live, and it stopped updating its social media pages in early 2019.

Toymail’s net worth is not available, but its YouTube channel has a net worth of $10,252 as of March 1, 2023. The company has added new Talkies and has a subscription service for $2.99 a month that downloads the content to the Talkies.

Toymail Shark Tank Summary:

CATEGORY	INFORMATION
Valuation on Shark Tank	$12 million
Net worth	Not available
YouTube channel net worth	$10,252 (as of March 1, 2023)
Founder	Gauri Nanda
Product	Wi-Fi enabled plush toys called Talkies that can send and receive voice and text messages
Product range	Talkies, Teensies, and Weensies
Price range	$10-$59
Kickstarter funding	$83,341
Shark Tank pitch	Asked for $250,000 for 2.5% equity, accepted $600,000 for 5% equity from Chris Sacca and Lori Greiner
Other investors	Verizon and Amazon invested $1.6 million
Expansion	Introduced a monthly subscription service for new content for $2.99
Availability	Was available on the company’s website, Amazon, Target, and Best Buy
Bankruptcy	Filed for bankruptcy in November 2018
Current status	Company went out of business in 2018, and its website is no longer live. Its social media pages were last updated in early 2019.

FAQS of Toymail

What Is Toymail, Founder, and How Does Toymail Work?

Toymail is a wifi-enabled plush toy that allows kids to communicate with friends and family without using a phone.

Toymail was founded in late 2013 by Gauri Nanda and Audrey Hill. They got their business off the ground with a successful Kickstarter campaign that raised $83,341.00.

Toymail’s centerpiece is the “Talkies,” which are plush toys that connect to a proprietary app. The app allows friends, families, and kids to talk to each other using voice or text messages.

Gauri Nanda is the founder of Toymail. She is a serial entrepreneur who also created Clocky, an alarm clock that runs away to get you out of bed.

Toymail was pitched on Shark Tank in season 8, where Nanda asked for $250,000 for 2.5% equity. She ended up accepting a deal for $600,000 for 5% equity from Chris Sacca and Lori Greiner.

Toymail began with the idea of giving parents a safe, screen-free way to connect with young kids by sending messages through toys. The founders of Toymail turned down an initial offer to appear on Shark Tank, opting to perfect their product before going on the show.

Their decision paid off, and they eventually landed a better deal than they had asked for on the show.

What Happen To Toymail At Shark Tank?

Toymail is a company that turns stuffed animals into communication devices, allowing kids to send and receive voice messages without access to smartphones.

In Season 8 Episode 17 of Shark Tank, Gauri Nanda, the founder of Toymail, appeared seeking $250,000 for 2.5% of her company. The Sharks made a deal with Chris Sacca and Lori Greiner for $600,000 for 5% equity.

After appearing on Shark Tank, Toymail’s valuation rose to $12 million. However, the company filed for bankruptcy in November 2018 and is no longer in business.

Its website is no longer live, and it stopped updating its social media pages in early 2019. Gauri Nanda still operates Clocky, the business she started in college.

Is Toymail Still In Business?

Toymail, a company that produces wifi-enabled plush toys that deliver voice or text messages, filed for bankruptcy in November 2018 and is out of business.

The company was founded in late 2013 by Gauri Nanda and Audrey Hill, and they got their business off the ground with a successful Kickstarter campaign that raised $83,341.00. Toymail was valued at around $12 million at the time of its appearance on Shark Tank.

Although the company is out of business, some of its products can still be bought on Amazon. Toymail’s YouTube channel has a net worth of $10,252 as of March 1, 2023, but its website is no longer live, and it stopped updating its social media pages in early 2019.

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 in 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 safely.

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 the 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’s net worth by about $12Million valuation.

What exactly are Toymail Talkies?

Toymail is all about bringing families closer together by opening up new communication avenues.

It allows 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.

Toymail Pitch & Negotiation on Shark Tank Episode