What Happened to SmartGurlz after the Shark Tank Pitch? SmartGurlz Shark Tank Update
What is SmartGurlz? Who is the Founders of SmartGurlz founders?
SmartGurlz is a company that creates self-balancing robots and action dolls to inspire girls to learn to code. The company was founded in 2014 by Sharmi Albrechtsen and Jesper Nissen.
The dolls, called Siggy Robots, can be controlled using a smartphone or tablet and can be programmed using MIT’s coding block program.
The dolls are designed to be educational and promote STEM education, while also appealing to a diverse group of girls with four distinct characters each having their own personalities and interests. The cost for a set of a doll and scooter is $79.99.
What Happened to SmartGurlz at the Shark Tank Pitch?
Sharmi, the founder of SmartGurlz, appeared on Shark Tank season 9 episode 10 with two young girls seeking $200,000 in exchange for a 5% stake, which translates to a $4 million valuation.
She made her pitch, shared her story, and demonstrated the toys. She also brought dolls that resemble all of the Sharks on stage.
After her presentation, the Sharks inquired about sales and production expenses. Daymond loved the product and offered $200,000 for 30% of the company, but Sharmi counter-offered to $200,000 for 25% which Daymond finally agreed to.
However, the other Sharks dropped out from the deal. After completing the transaction, Daymond embraced Sharmi.
What Happened to SmartGurlz after the Shark Tank Pitch?
After appearing on Shark Tank, SmartGurlz experienced a significant increase in sales. Despite the deal with Daymond not coming to fruition, Sharmi continued to grow the company.
In 2018, the company generated $1.2 million in sales, and in 2019, she raised an additional $525,000 through WeFunder.
SmartGurlz also announced a partnership with Walmart for a new product line set to launch in fall 2019. The company was also recognized as the “Best Start-up” at the IEEE Women in Engineering Leadership Conference.
In 2019, SmartGurlz collaborated with Pitsco Education to create Smart Buddies, an online coding curriculum for 3rd-5th grade students.
Due to the COVID-19 pandemic in 2020, the curriculum was made available online, and as of June 2021, the company is still in operation and Sharmi expects to end the year with more than $20 million in revenue.
What is the Net Worth of SmartGurlz?
Sharmi, along with two young girls, appeared on Shark Tank season 9 episode 10 and sought $200,000 in exchange for a 5% stake, resulting in a $4 million valuation.
They ultimately accepted an offer from Daymond of $200,000 for a 25% stake, which lowered the valuation to $800,000. However, the current valuation of the company is now higher due to its growth.
Who are the Competitors of SmartGurlz?
Nanjing Sciyon Wisdom Technology, ABB Sakti Industri, Embodied, Inc., Mega-Fabs Motion Systems, and Info Solution are among SmartGurlz’s main rivals.
What is SmartGurlz?
SmartGurlz is a company that makes self-balancing robots and action dolls to inspire females to learn to code.
Who founded SmartGurlz?
Sharmi Albrechtsen founded SmartGurlz in 2016.
How much was she seeking in the Shark Tank Pitch?
Sharmi was seeking $200,000 in exchange for a 5% stake in SmartGurlz. This equals to $4 million valuation.
Did she get the deal from the Sharks?
Yes, she did. She accepted Daymond’s offer of $200,000 for 25% equity.
How much is SmartGurlz worth?
SmartGurlz was worth $800,000 according to the deal with Daymond. Current valuation must be higher since the company has grown.
What is headquarters of SmartGurlz?
The headquarters of SmartGurlz is located in San Jose, California.
When was SmartGurlz founded?
SmartGurlz was founded in 2016.
When was SmartGurlz’s episode aired on Shark Tank?
Shark Tank aired the episode at Season 9 Episode 10 on November 12, 2017.
What happened to SmartGurlz after the Shark Tank?
Sharmi was undeterred by the fact that the transaction with Daymond never came to fruition. In 2018, sales totalled $1.2 million.
She raised additional $525,000 on WeFunder in 2019.
The firm is still running well as of June 2021, and Sharmi thinks that they will end the year with more than $20 million in revenue.
How does SmartGurlz Siggy communicate with smart devices?
SmartGurlz Siggy communicates with newer iOS and Android smart devices through BLE (Bluetooth low energy) technology.
What exactly is SmartGurlz Siggy?
Siggy is a fun app-controlled, self-balancing inverted pendulum robot that is controlled by the Sugar Coded SmartGurlz app.
Is the app available in different languages?
The Sugar Coded app is available in English, French, Spanish, German, and Danish.
What methods of payment do they accepts?
SmartGurlz accepts Visa, MasterCard, American Express, PayPal, Amazon pay, Discover and Venmo.
What is website address of SmartGurlz?
The website address of SmartGurlz is www.smartgurlz.com
What is the net worth of Sharmi Albrechtsen?
Sharmi Albrechtsen’s net worth is unavailable.
Do they offer free shipping?
Yes, SmartGurlz offers free shipping in the USA.
How can they contact SmartGurlz?
They like hearing from their consumers! Please contact them at their email at [email protected] at any time.
Do they offer wholesale?
Send them an email at [email protected]smartgurlz.com.