What Happened to ROQ Innovation after the Shark Tank Pitch? ROQ Innovation Shark Tank Update
What is ROQ Innovation?
ROQ Innovation is a company that designs and produces daily essentials that make life more convenient.
Their most popular item, the Headlightz Beanie, is a hat with a built-in LED light that serves as a multifunctional tool.
This rechargeable beanie is perfect for outdoor activities like running, walking the dog, and more, as it provides hands-free lighting.
Raquel, the founder of ROQ Innovation, has big plans to create many more innovative products in various consumer sectors.
The Headlightz Beanie has a removable, lightweight LED light that has three brightness levels and can last between 1.75 and 8 hours on a full charge.
It is easy to charge with no cables to deal with and one size fits most. The beanie is machine-washable and suitable for a variety of outdoor activities.
It is recommended to have an extra one on hand for emergency situations.
Who is the brains behind ROQ Innovation?
Raquel Graham, the founder of Roq Innovation, began her career with a bachelor’s degree in history and economics from Wesleyan University and worked as an operations analyst at J.P. Morgan.
After that, she founded her own marketing firm, Roq Marketing Group and held the position of Vice President and Marketing Director at Ebony Media.
She balanced her career, motherhood, and education by earning an MBA from Kellogg School of Management while launching Roq Innovations in 2009.
The goal of Roq Innovation is to create simple yet impactful products, such as Nekz as an alternative to scarves, Headlightz Beanies with built-in lights, light-up gloves, and headbands.
These products are available in various colors and range in price from $14.99 for the “glove lights” to $40 for scarves with “faux fur”.
What Happened to ROQ Innovation at the Shark Tank Pitch?
Racquel, the founder of a company that sells hands-free lighting products, appeared on Shark Tank seeking $200,000 for a 15% stake in her firm, which she valued at $1.3 million.
She discussed her products, which have been featured on Oprah’s list and the Home Shopping Network, and disclosed that she had $2.4 million in lifetime sales.
The Sharks expressed mixed reactions to her pitch, with some offering deals and others declining.
Ultimately, Kevin and Peter made a joint offer of $200,000 for 20% plus a $1 royalty per unit until they recouped $600,000, which Racquel accepted.
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 sought $200,000 in exchange for a 15% ownership of her company on Shark Tank Season 13 Episode 11, valuing her firm at $1.3 million.
She ultimately accepted a deal from Kevin and Peter, who offered $200,000 in exchange for 20% ownership and a $1 royalty per unit until they recoup $600,000, bringing the company’s valuation to $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.