Press "Enter" to skip to content

Bala Bangles Shark Tank Update

0

What if you have your gym at your house without the big equipment but the smaller yet effective ones?

Bala Bangles is a company that produces workout equipment. These tools add a constant but comfortable resistance to your workout. They are to be worn on wrists or ankles. They are useful if one is into Yoga, Aerobics, Walking, Boxing, Pilates, Home workouts, and Core training.

But what are these Bala Bangles made of? Don’t worry, these are made of high-quality fitness materials- steel wrapped in baby-soft silicone. What makes it a perfect fit every time is the athletic elastic and hook and loop fasteners.

They believe that beautiful, functional fitness equipment will change the way you move.  They understand that life includes exercise but is not exclusively defined by it.  Bala Bangles is a perfect home gym. They are stylish, lightweight, and kid-friendly.

Bala Bangles at a Glance-

IdeaTo empower everyone to move, through creativity and self-expression.
FoundersNatalie Holloway and Maximilian Kislevitz
Asked For$400,000 For 10%
Accepted Deal$900,000 For 30%
SharksMaria Sharapova and Mark Cuban
Business statusIn Business
Episode No.Season 11, Episode 13
Buy on AmazonBuy Now!

Index:

What is Bala Bangles?

Bala Bangles is a fitness accessory that allows people to add a little extra weight to their workouts without compromising on mobility. The product was pitched on Shark Tank in 2019 and received an investment of $900,000 from Mark Cuban and Maria Sharapova in exchange for a 30% stake in the company.

Founder Story:

Natalie Holloway and Maximilian are the founders and creators of Bala Bangles.  This couple from Los Angeles, California worked for the marketing agency 72 and sunny. They spent around 10 years in the advertising industry. On a trip across Southeast Asia, they spent their time to know about daily fitness and yoga.

And upon returning, they established Bala Bangles in 2018. Well, the story of this is very interesting. It’s very surprising to know that this home gym wasn’t invented during an exercise session but it began on a napkin in 2018.  They wanted to create something different other than the ultra-serious, fitness industries and their equipment.

Did Bala Bangles get a deal on Shark Tank?

Yes, Bala Bangles did get a deal on Shark Tank. In 2020, the founder appeared on the show asking for $400,000 for 10% of the company.  After revealing their sales, guest shark Maria Sharapova is most interested in the product.

See also  What Happened to Red dress boutique After Shark Tank?

Kevin that is Mr. Wonderful offers a $400,000 loan for 3 years at 7.5% interest in exchange for 5% of the company. The other immediate offer was by Maria who was fascinated by the product. She offered to give $200,000 for 15%.

But the offers do not stop here. Daymond John and Lori also offer to give $200,000 for 15%. In the end, after a lot of discussion between the entrepreneurs and the sharks, Mark and Maria get ready to make a deal with what the entrepreneurs asked for that is $900,000 at 30% of the stake.

What Happened to Bala Bangles after Shark Tank?

 Appearing on the show and winning a deal took Bala Bangles to success. The founders had invested $10,000 of their own to start the company. They raised $40,000 from a Kickstarter campaign.

Before Shark Tank, they had made sales worth $2 Million which grew to $3 Million after the show. Their revenue went up to $20 Million. The valuation of the company during the pitch was $4 Million, which was brought down to $3 Million. As of now the value of the company is $10 Million.

The products that Bala Bangles offers are The Play Mat, Bala Beam, Bala Bangles, Bala Bars, their best seller The Power Ring, and many more. They also offer bags, sweatshirts, Shorts, and other accessories. All the products are available in different colors.

Since appearing on the show, Bala Bangles has seen tremendous success. The company’s products are now sold in over 200 retail stores across the US, including Neiman Marcus, Free People, and Anthropologie. Bala Bangles has also expanded its product line to include other fitness accessories such as resistance bands and yoga mats.

What is the net worth of Bala Bangles?

The valuation of the company during the pitch was $4 Million, which was brought down to $3 Million. As of now the net value of the company is $10 Million.

Is Bala Bangles still in Business?

Yes, Bala Bangles is still in business. In addition to its retail success, Bala Bangles has also gained a large following on social media. The company has over 100,000 followers on Instagram and regularly posts workout videos and fitness inspiration.

Overall, Bala Bangles has continued to grow and thrive since its appearance on Shark Tank, thanks in part to the exposure and investment it received on the show.

Social Links:

Do Share Your Thoughts:

Do tell us all your thoughts in the comments section below, we look forward to reading all the comments in the section below.

Also, don’t forget to try our Android app 📱 which contains startup case studies and business book insights 📚 , verified business strategies, and no bullshit!!

Related Articles:

Who are the Sharks and Guest Sharks?Worst Shark Tank Pitches
Top Controversial Shark Tank Deals Ever MadeBehind the Scenes of Shark Tank
Top 15 Best-Selling Shark Tank products of all TimeShark Tank vs. Dragons’ Den
What is the process of being on Shark Tank?Top 10 Worst Shark Tank Failures
ShowNo Towels Shark Tank updateBee Free Honee Shark Tank update

FAQs:

What is Bala Bangles?

Bala Bangles is a company that produces workout equipment. They are to be worn on wrists or ankles. They are useful if one is into Yoga, Aerobics, Walking, Boxing, Pilates, Home workouts, and Core training.

What's the net worth of Bala Bangles?

The valuation of the company during the pitch was $4 Million, which was brought down to $3 Million. As of now the net value of the company is $10 Million.

Leave a Reply

You cannot copy content of this page