What Happened to ROQ Innovation after the Shark Tank Pitch? ROQ Innovation Shark Tank Update
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What is ROQ Innovation?
ROQ Innovation is a brand that creates useful, daily goods that make life simpler.
HEADLIGHTZ, their best-selling product, is a beanie with a built-in LED light that doubles as a multifunctional tool.
HEADLIGHTZ is a rechargeable LED winter beanie that is ideal for outdoor running, walking the dog, and a variety of other practical and safety applications requiring hands-free lighting.
Raquel has enormous ambitions for the future, including the development of many more unique goods spanning several consumer sectors.
Headlightz Beanies have a unique incorporated light. Our USB-rechargeable LED is lightweight and detachable, thanks to its tiny design.
Choose between three brightness levels, and the battery will last between 1.75 and 8 hours.
There are no cables to tangle with when charging. When the battery is fully charged, the light flashes and becomes solid.
One size fits most heads – from babies to adults – and is sized to cover your ears. Regardless of fabric or colour, all of our beanies are comfy, soft, and toasty.
Simply remove the light, and Headlightz are machine washable! Dry on low heat or hang to dry.
Headlightz are ideal for a variety of outdoor activities like jogging, bicycling, hiking, fishing, and more.
We recommend having an additional one on hand in case of an emergency, such as power outages, ice storms, blackouts, hurricanes, or changing your tires on the side of the road.
Who is the brains behind ROQ Innovation?
Raquel Graham, the brains behind Roq Innovation, earned a bachelor’s degree in history and economics from Wesleyan University before working as an operations analyst at J.P. Morgan.
She later founded her own marketing firm, Roq Marketing Group, where she worked as a Marketing Strategist and Consultant and held the distinguished position of Vice President and Marketing Director at Ebony Media.
Raquel, eager to advance her career, managed her employment and motherhood while earning her MBA from North-western University’s Kellogg School of Management, before launching her own firm, Roq Innovations, in 2009.
Raquel founded Roq Innovation because she wanted to create items that would make dealing with daily challenges simpler.
Raquel wants to keep creating interesting new items that, although easy and uncomplicated to use, will make a meaningful impact in people’s lives.
Roq Innovation now offers various goods on its catalog, including Nekz, which serves as a more manageable and less bulky alternative to scarves, Headlightz Beanies, which has a powerful light connected to it, as well as light-up gloves and headbands.
The hats are ideal for night-time walking or running. They are available in a range of colours, including tie dye.
Caps are $29.99, while scarves with “faux fur” cost $40. The headbands cost $24.99, while the “glove lights” cost $14.99.
What Happened to ROQ Innovation at the Shark Tank Pitch?
Racquel appeared on Shark Tank Season 13 Episode 11 in search of $200,000 for a 15% stake in her firm. This translates to a $1.3 million valuation.
She discusses the importance of having hands-free lighting at night. She takes out a Headlightz hat and invites the Sharks to taste their products.
Lori describes it as “bright.” Daymond wears his sideways. She has a store on HSN. Racquel disclosed during her presentation that she had $2.4 million in lifetime sales.
Her items have been on Oprah’s list, the Home Shopping Network, and other television networks.
She made $1.4 in Headlightz last year and expects $1.7 this year (2021).
On her website and Amazon, she sells them for $14.99-$24.99. Raquel discusses the “O List” and Good Morning America with the Sharks. She usually sells between $25,000 and $40,000 on HSN.
Raquel is having difficulty keeping up. Mr. Wonderful is curious whether she has key man insurance.
Her patent application has been pending since 2018. Peter describes her as “all over the place.” He claims she requires the assistance of a supercharged entrepreneur.
Kevin says he’ll make her an offer. He claims she has insane chicken energy.
He offers $200,000 in exchange for a $2 per hat royalty until he recoups his investment, after which the royalty lowers to $1 in perpetuity.
In the summer of 2016, she became quite ill with fungal pneumonia, which led her to suffer a stroke.
She took off shortly after recovering from her sickness. She was upset by the crazy chicken joke, she recalls as she tears up narrating her experience.
Kevin says something out of admiration, not to offend Daymond. Peter is taken with her. He claims he can assist her in selling it all over the world.
Following a brief pause, Peter makes an offer of $200,000 for a 25% stake in the company. Raquel has stated that she is not a lover of royalties.
Lori claims to have done something similar, therefore she’s out. Mark claims he’s leaving because he doesn’t believe he can bring value.
Daymond is leaving because he believes someone will come for her patent.
Raquel has blown Peter away, and he recalls how he lost everything at the age of 28.
He claims he’ll share the deal with Mr. Wonderful. Kevin and Peter exchange glances, and Raquel looked befuddled.
They offer $200,000 for 20% plus a $1 royalty each unit until they reclaim $600,000. “Deal,” says Raquel.
What Happened to ROQ Innovation after the Shark Tank Pitch?
Raquel Graham left the Tank with two Sharks deal and they still in business.
What is net Worth of ROQ Innovation?
Racquel appeared on Shark Tank Season 13 Episode 11 in search of $200,000 for a 15% stake in her firm. This translates to a $1.3 million valuation.
She accepted an offer from Kevin and Peter of $200,000 for 20% plus a $1 royalty each unit until they reclaim $600,000 which brings valuation to be $1 million.
Who are the Competitors of ROQ Innovation?
There are no competitors identified for ROQ Innovation?
ROQ Innovation FAQS
What is ROQ Innovation?
ROQ Innovation designs, develops, markets and sells various goods on its catalog. Its products include Nekz, which acts as a more manageable and less bulky alternative to scarves.
The company also offers Headlightz Beanies with a powerful light connected to it.
Who founded ROQ Innovation?
Raquel Graham founded Roq Innovation in 2009.
How much was she seeking in the Shark Tank?
Racquel wanted $200,000 for a 15% stake in her firm. This translates to a $1.3 million valuation.
Did she get the deal from the Sharks?
She accepted an offer from Kevin and Peter of $200,000 for 20% plus a $1 royalty each unit until they reclaim $600,000 which brings valuation to be $1 million.
Where is ROQ Innovation located?
ROQ Innovation is located in Chicago, Illinois, U.S.A.
What is the company’s return policy?
Customers may return products in good condition sold and refilled by Roq Innovation for a refund within 30 days of delivery.
Returns must be in their original, unworn condition. The buyer is responsible for the cost of return shipping.
When was ROQ Innovation aired on Shark Tank?
ROQ Innovation was aired on episode 11 of season 13 on January 14th, 2022.
Where can they contact ROQ Innovation?
They can reach Roq Innovation by visiting the company’s website at www.roq-innovation.com
What methods of payment did they accepts?
They accepts payments from major credit cards, as well as PayPal.
Are Headlightz rechargeable?
Headlightz Beanies feature a unique embedded light. Their USB-rechargeable LED is lightweight and detachable, thanks to its tiny design.
What is the net worth of Raquel Graham?
Raquel Graham’s net worth is unavailable.
