Yubo Lunch Box Shark Tank Update | Yubo Lunch Box after Shark Tank
What is Yubo Lunch Box?
The Yubo lunch box is a reusable, modular system that includes washable containers that stack inside the lunch box.
The lunch box can be personalized with the child’s name and removable face plates featuring various designs.
The Yubo concept was created by Paul and Cyndi Pedrazzi in 2007.
The lunch box can be easily disassembled and cleaned in the dishwasher, and it comes with a variety of compartments for different types of food and an ice pack that fits perfectly at the bottom.
Who is the founder of Yubo Lunch Box?
In 2007, Paul and Cyndi Pedrazzi founded the Yubo Lunchbox to address their dissatisfaction with the excessive use of plastic baggies for their children’s lunches.
The company has seen steady growth and in 2013, the basic lunchbox was priced at $30. The lunchbox is made of materials free of BPA and phthalates, and is also durable.
The Yubo Lunchbox offers a variety of food storage options with its three different container inserts, allowing for a variety of lunch options.
The Pedrazzi’s believe that the design possibilities keep children from getting bored with their lunch. The Yubo Lunchbox is available on Amazon and at retailers worldwide.
What Happened to Yubo Lunch Box at Shark Tank pitch?
Cyndi and Paul, the creators of Yubo Lunch Box, pitch their product to investors on an episode of Shark Tank. They seek $150,000 in exchange for a 15% stake in their company, which is valued at $1 million.
They showcase the eco-friendly features of their dishwasher-safe lunchboxes, which are estimated to save 2,000 plastic bags per year.
They also have plans to work with Disney to sell personalized versions in gift shops.
They receive offers from multiple investors, including Mark Cuban and Barbara Corcoran, but ultimately agree to a deal with Robert Herjavec and Kevin O’Leary for $150,000 in exchange for 15% equity, with the option for the stake to be reduced to 10% if the investment is repaid in 18 months.
What Happened to Yubo Lunch Box after Shark Tank?
After appearing on Shark Tank, the Yubo brand gained significant attention and success. A deal was made with Kevin, Robert, and Yubo Lunch Box.
The Sharks helped boost the popularity of the Yubo lunch box, which is now available in various countries such as Australia, Canada, Hong Kong, Indonesia, the Netherlands, Norway, Turkey, the United Arab Emirates, and England, in addition to the United States.
The lunch boxes can be purchased through various retailers including Amazon and Disney shops.
Yubo also launched a new product, the Yubo Tote, which is a washable bag that can lay flat for easy cleaning and has a larger capacity for older children and a more mature design.
However, the company stopped operations in January 2019, and a message from the company’s owner, Cyndi, was posted on the company’s Facebook page.
Competitors of Yubo Lunch Box
The Yubo Lunch Box competes with the following competitors in the market space; LunchBots, LunchBlox, and School Zone Lunch Boxes.
Net Worth of Yubo Lunch Box
The company was valued at $1 million during the pitch, after the investment done by two Sharks company valued $750,000. Since then the company is no longer operating and hence the current net worth is unavailable.
Yubo Lunch Box FAQs
What is Yubo Lunch Box?
Yubo Lunch Box is a lunch box designed to separate kids from their plastic baggies and offer them a more typical lunch box experience.
Who is the founder?
Cyndi and Paul Pedrazzi was the founder of Yubo Lunch Box.
How much were asking on Shark Tank?
They were seeking for $150,000 for 15% stake of their company.
Did they have the deal?
Yes, they had the deal with two Sharks, Robert Herjavec and Kevin O’Leary.
How much was the deal?
They came back with a deal at $150,000 for 20% stake in their company which valued at $750,000.
Is Yubo Lunch Box still in business?
Yes, Yubo Lunch Box is no longer in business.
What was the conversion rate per unit?
Since they were selling from their own factories, their product consisted of two products.
Where is Yubo Lunch Box manufacture in?
The company is headquartered in Miami, Florida.
Where can I find Yubo Lunch Box?
Yubo Lunch Box can be purchased online from Amazon or at many of its retail partners, such as Cubby’s and Disney.
How was the company started?
Yubo was created by Cyndi and Paul Pedrazzi during the spring of 2015. The company originally designed cloth-lined lunch boxes, but when they found that traditional plastic bags were causing more waste in landfills, they decided to start up a business that would reduce plastic bag waste.
How much is Yubo Lunch Box?
Yubo Lunch Box can be purchased from Amazon at $25-$30. The price may vary depending on the type of Yubo purchased.
Was Yubo Lunch Box a scam?
No. The company appears to be operating as a legitimate business and is not a scam.
Is Yubo Lunch Box worth it?
The quality and durability of the Yubo Lunch Box are not very clear from company’s website, so it difficult to figure out whether it is worth investing in this product or not.
Was Yubo Lunch Box shipping?
Yubo Lunch Box does not seem to offer international shipping.
Is Yubo Lunch Box safe for hot food?
According to the company’s website, the product is BPA free and microwave safe.
How does Yubo Lunch Box work?
The Yubo Lunch Box has a combination of interlocking, flexible silicone lids, ranging from small containers to large containers that can hold multiple servings of food.
What is the net worth of Cyndi and Paul Pedrazzi?
Cyndi and Paul Pedrazzi are still unknown.
