What Happened To Cincha Travel Belt After Shark Tank?
During the pitch, one of the sharks, Barbara, offers to invest $200,000 in the entrepreneur’s business in exchange for a 33% stake.
However, another shark, Robert, also makes an offer to invest $200,000 but only asks for a 20% stake with a $4 royalty per unit until the investment is paid then drops to $0.5 in perpetuity. Robert’s offer is a “royalty deal,” which means he will receive a percentage of every sale until he recovers his initial investment.
After some negotiation, the entrepreneur accepts Barbara’s offer of $200,000 for a 25% stake in their business. The entrepreneur seems pleased with the deal, and the sharks congratulate them on securing funding for their business.
Cincha Travel Belt Shark Tank Update
Cincha Travel is a brand that designs travel belts and belt bags that can be attached securely to a large suitcase using belts. The flagship product, the Travel Belt, is designed to securely attach personal bags to luggage handles, providing hands-free convenience.
The company offers unique and stylish products that cater to modern travelers’ needs, while actively supporting initiatives to reconnect migrant families.
Cincha Travel was founded by Ash and James, two passionate travelers who found themselves frustrated with the lack of stylish and functional accessories for securing personal bags to luggage.
Cincha Travel appeared on Shark Tank Season 14 Episode 19 and asked the sharks for a $200,000 investment for 15$ equity in their company ($1.33 million valuation). The co-founders explained the product to the sharks, and the brand has since collected 500,000 airline miles and donated 1 million miles to families in need.
They received a $200,000 investment from Barbara for 25$ equity in their company ($0.8 million valuation).
The brand’s products have received positive reviews from customers who appreciate the convenience and style of the travel belts and belt bags.
What is Cincha Travel Belt?
Cincha Travel Belt is a brand that designs travel belts and belt bags. The Cincha Travel Belt is an adjustable nylon band that can be used to secure personal bags to carry-on or checked luggage handles, making it easier to maneuver hands-free.
The belt is made with metal buckle, vegan leather accents, and herringbone-patterned nylon.
Cincha Travel also offers custom-designed belts and belt bags. The brand’s products have been featured in various publications and are available for purchase online.
The founders of Cincha Travel, James H. Baker and Ashley M. Sharma, aimed to solve an everyday travel problem of securing personal bags to luggage handles. They experienced the issue themselves while traveling with multiple bags and wanted to create a stylish and functional solution that would make airporting easier for everyone.
Cincha’s flagship product, the Travel Belt, securely attaches personal bags to luggage handles, providing hands-free convenience and solving the problem of carrying multiple bags along with luggage. The brand’s mission is to make traveling more accessible for those in need, and they work with the nonprofit Miles4Migrants to donate 100 frequent flier airline miles per Travel Belt purchase to help reconnect migrant families
What Is The Price Range For Cincha Travel Belt?
The price range for Cincha Travel Belt is between $35.99 to $43.99, depending on the model and the website where it is purchased. The Cincha Travel Belt for Luggage is available on Amazon for $40.
The Travel Belt – Damas is available on the Cincha Travel website for $40 or 4 interest-free installments. The Travel Belt – Jet is available on the Cincha Travel website for $43.99.
What Is The Story Behind Cincha Travel’s Appearance On Shark Tank
James and Ash felt the struggle while traveling with multiple bags, which led them to create Cincha Travel. They appeared on Shark Tank Season 14 Episode 19 and asked the sharks for a $200,000 investment for 15$ equity in their company.
During the episode, they explained their product to the sharks and discussed the potential for scaling their business. The brand has since continued to grow and promote a comfortable and stylish travel experience, as seen on their website.
What Happened To Cincha Travel Belt At Shark Tank?
The co-founders, James Baker and Ashley Sharma, appeared on Shark Tank in Season 14 Episode 19 and asked the sharks for a $200,000 investment in their business. They asked the sharks for a $200,000 investment for 15$ equity in their company ($1.33 million valuation).
One of the sharks, Barbara, offers to invest $200,000 in the entrepreneur’s business in exchange for a 33% stake.
However, another shark, Robert, also makes an offer to invest $200,000 but only asks for a 20% stake with a $4 royalty per unit until the investment is paid then drops to $0.5 in perpetuity. Robert’s offer is a “royalty deal,” which means he will receive a percentage of every sale until he recovers his initial investment.
After some negotiation, the entrepreneur accepts Barbara’s offer of $200,000 for a 25% stake in their business. The entrepreneur seems pleased with the deal, and the sharks congratulate them on securing funding for their business.
What Happened To Cincha Travel Belt After Shark Tank?
During the pitch, one of the sharks, Barbara, offers to invest $200,000 in the entrepreneur’s business in exchange for a 33% stake.
After some negotiation, the entrepreneur accepts Barbara’s offer of $200,000 for a 25% stake in their business (0.8 million valuations). The entrepreneur seems pleased with the deal, and the sharks congratulate them on securing funding for their business.
After appearing on Shark Tank, Cinch Travel Belt experienced a significant increase in sales. The company received a lot of exposure from Shark Tank and could also help Cinch Travel Belt secure deals with major retailers.
Overall, it seems that Cinch Travel Belt has been successful since appearing on Shark Tank.
Cincha Travel Belt Net Worth 2023
Cincha Travel was featured on Shark Tank in 2023 and its net worth was reported to be $0.8 million as of April 2023. It is a travel belt and beltbag company that was founded in 2019 by Ashley Sharma and James Baker.
They appeared on Shark Tank Season 14 Episode 19 and asked the sharks for a $200,000 investment for 15$ equity in their company ($1.33 million valuation). They received a $200,000 investment from Barbara for 25$ equity in their company ($0.8 million valuation).
What Inspired James And Ash To Create Cincha Travel
James and Ash founded Cincha Travel based on their own experience of struggling while traveling with multiple bags. They designed the innovative travel belt to solve an everyday travel problem and make airporting a whole lot easier.
James and Ash are a BIPOC couple who founded Cincha Travel to make traveling more accessible for everyone. They aimed to design a travel accessory that is stylish, functional, and accessible to all. They wanted to create a product that travelers would actually want to use on any trip, with any bag, as seen on their website.
Cincha Travel Belt FAQs
Cincha Travel Belt Shark Tank Update Summary
Cincha Travel Belt is a brand that designs travel belts and belt bags that attach securely to luggage handles. Founders James H. Baker and Ashley M. Sharma appeared on Shark Tank Season 14 Episode 19 and asked the sharks for a $200,000 investment in exchange for a 15% equity stake in their company ($1.33 million valuation).
Barbara offered $200,000 for a 33% stake, and Robert offered $200,000 for a 20% stake with a $4 royalty per unit until the investment was paid then drops to $0.5 in perpetuity. After negotiation, the entrepreneurs accepted Barbara’s offer of $200,000 for a 25% stake in their business ($0.8 million valuation).
Cincha Travel has since grown and donates frequent flier airline miles to Miles4Migrants to help reconnect migrant families. The price range for Cincha Travel Belt is between $35.99 to $43.99.
| Topic | Summary |
| Cincha Travel Belt | Cincha Travel Belt is a brand that designs travel belts and belt bags. The Cincha Travel Belt is an adjustable nylon band that can be used to secure personal bags to carry-on or checked luggage handles, making it easier to maneuver hands-free. |
| Shark Tank Pitch | Cincha Travel appeared on Shark Tank Season 14 Episode 19 and asked the sharks for a $200,000 investment for 15% equity in their company ($1.33 million valuation). Barbara offered to invest $200,000 for a 33% stake, and Robert offered $200,000 for a 20% stake with a $4 royalty per unit until the investment is paid then drops to $0.5 in perpetuity. The entrepreneur ultimately accepted Barbara’s offer of $200,000 for a 25% stake in their business. |
| Cincha Travel Belt After Shark Tank | Cincha Travel received a $200,000 investment from Barbara for 25% equity in their company ($0.8 million valuation). The brand’s products have received positive reviews from customers who appreciate the convenience and style of the travel belts and belt bags. The company has continued to grow and promote a comfortable and stylish travel experience. |
| Price Range | The price range for Cincha Travel Belt is between $35.99 to $43.99, depending on the model and the website where it is purchased. |
| Founders | Cincha Travel was founded by James H. Baker and Ashley M. Sharma, two passionate travelers who aimed to solve the everyday travel problem of securing personal bags to luggage handles. |
| Net Worth | As of April 2023, Cincha Travel’s net worth is estimated to be $0.8 million based on the investment valuation. |
| Shark Tank Episode | Season 14, Episode 19 |
| Deal | $200,000 investment 25% in the company ($0.8 million company valuation) offered by Barbara |
| Business Status | Cincha Travel is Still in Business as of April 2023. |
What Are The Features Of The Cincha Travel Belt?
The Cincha Travel Belt is an adjustable nylon band designed to fit around most purses, backpacks, diaper bags, totes, briefcases, and more. The belt has a metal buckle, vegan leather accents, and herringbone-patterned nylon.
The elastic slip is the most important feature of the belt as it secures the belt around most trolley handles, helping to keep the bag in place and the user on the move.
The belt is available in a range of fun colors and can be personalized with a monogram. The Cincha Travel Belt is a stylish and thoughtful product that makes traveling easier and more effortless. It is also affordable and functional.
What Colors Are Available For The Cincha Travel Belt?
The Cincha Travel Belt is available in a range of colors including Glitter, Jet, Aerial Cherry, Golden Plum, Rugby Maple, and more.
According to the Cincha Travel website, customers can choose from a range of fun colors and add a monogram for a truly personal touch. The travel belt is available in two different sizes and a variety of colors, from fun, punchy patterns to subtle neutrals.
The Cincha Travel Belt Bag, which can be worn as a stylish sling or used as a travel belt with the trolley passthrough feature, is available in five classic colorways.
Cincha Travel’s founders, Ash Sharma and James Baker, appeared on a television show called Shark Tank, which is a reality TV show where entrepreneurs pitch their business ideas to a panel of investors (called “sharks”) to secure funding and mentorship.
During their appearance on Shark Tank, Ash Sharma and James Baker presented their product or service to the sharks and managed to secure a deal with Barbara Corcoran, who agreed to invest in their company in exchange for a stake in the business.
Since then, Cincha Travel has grown and is estimated to be worth $0.8 million as of 2023. This means that the company’s value has increased significantly since its appearance on Shark Tank, which can be attributed to a combination of factors such as increased sales, strategic partnerships, and effective management.
What Was The Outcome Of Cincha Travel’s Pitch On Shark Tank
The outcome of Cincha Travel’s pitch on Shark Tank is be determined after airing. However, it is mentioned that the co-founders, James Baker and Ashley Sharma, appeared on Shark Tank in Season 14 Episode 19 and asked the sharks for a $200,000 investment in their business.
They explained their product, which is a comfortable and stylish travel experience, and discussed the potential for scaling the business and the current market share of the industry.
Cincha Travel donates 100 airline miles per travel belt purchase to Miles4Migrants and has donated 1 million airline miles in 2022.
