Toymail Shark Tank Update | Toymail after Shark Tank
What is Toymail?
Toymail is a Wi-Fi-enabled toy firm that sends voice and text messages to children.
Talkies, the company’s core product, is accompanied with an app that allows users to send, receive, and respond to messages using Talkies.
Additionally, the plush toys respond to physical play, such as by laughing loudly when shaken.
They are available in three different sizes.
The largest and most expensive are the talkies, which cost $59.
Teensies are a smaller version that does not send messages and instead records a child’s voice for $10.
Weensies are little stuffed animals that make amusing noises and may be attached to a key chain for $15.
Customer feedback indicates that not only does the product operate well, but that it also makes people happy.
Who founded Toymail?
Guari Nanda is the founder of Toymail.
What happen to Toymail at the Shark Tank?
Toymail was established by Nanda in late 2013.
They launched their company with the help of a Kickstarter campaign that raised $83,341.00. They used the money towards their first round of production.
Gauri is looking for $250,000 in exchange for 2.5 percent of her company.
The value makes both Robert and Daymond squirm.
She shows off her product and claims that it helps to keep families together.
Chris Sacca is pleased as she displays the functionality.
They also respond to physical play; for example, when you shake the toy, it laughs. She distributes samples, and the questioning begin
Gauri explains that they work on the basis of Wi-Fi.
Verizon is an investor, she explains, and they don’t have a gadget aimed at children under the age of 10, so they think Toy Mail would be a good fit.
Amazon has also put out $500,000 in order to develop Toy Mail and an Echo gadget. She has raised $1.6 million from investors thus far.
The toys now cost $20 to create, but they are striving to reduce the price to $10.
Lori inquires about her past, and she relates how, while at MIT, she designed an alarm clock.
It would run around the room instead of merely ringing.
She made a total of $10 million in sales. Kevin wants to know if the clock is included in the deal
Gauri, according to Robert, is the genuine deal, but he won’t get out of bed for 2.5 percent, so he’s out.
She informs Mark that in a few years, she may be worth $100 million. Kevin goes out after repeating Robert’s claim about the 2.5 percent.
Chris is pleased by Gauri and offers $400,000 in exchange for a 5% stake. Mark offers $500,000 in exchange for a 5% stake.
Lori stands up and suggests that if Mark was interested in teaming up, she’d be willing to do so.
Chris expresses an interest in partnering with Lori and offers $600,000 in exchange for a 5% stake in the company, with Lori dividing the profits.
Gauri enthusiastically accepts.
Toymail after Shark Tank
Chris and Lori’s arrangement never came to fruition.
Toymail has added a few talkies to its repertoire after landing a deal on Shark Tank.
A penguin and a sloth named Chunk are among the new plushies, which are showcased on the company’s Facebook page.
The toys are still available for purchase on the website and on Amazon.
They’re also available at bigger stores like Target and Best Buy.
Toymail has also incorporated a new subscription option that is both entertaining and useful. You and your child may use the cloud for $2.99 per month.
This permits fresh material to be downloaded, such as tales or music.
The talkies were offered on the Amazon launchpad as of November 7.
Gauri seemed to have benefitted significantly by accepting the Sharks’ offer.
The company was declared bankruptcy in November 2018 and is no longer in existence.
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 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.