BrellaBox was a company that rented umbrellas in the city. Does it ever happen to you, that you forget to keep your umbrellas with you on a stormy day, and it suddenly starts pouring down? This company BrellaBox found a solution for this.
BrellaBox aimed to install the machines in different locations of the city, schools, and colleges for city people. One could rent umbrellas from these machines, each for $1.50 for 12 hours. The one needed to return the umbrella after their use to the nearest machine itself.
An application too was created that gave reminders to people to return umbrellas. If one failed to return the umbrella one would be charged $40 for it. The idea behind this was to stop the purchase of low-cost umbrellas from street vendors that were just thrown away after damage.
BrellaBox at a Glance-
| Idea | Reduce the purchase of low-cost umbrellas from street vendors that were just thrown away after damage. |
| Founders | John O’Connor and Anusha Kambhampaty |
| Asked For | $400,000 For 20% |
| Accepted Deal | No deal |
| Sharks | No shark |
| Business status | Out of business |
| Episode No. | Season 7, Episode 26 |
Index:
Founder Story:
John O’Connor and Anusha Kambhampaty are the founders of the company. Living in NYC they often got stuck in rainstorms without umbrellas. The couple got a solution to this problem and so as to fix it they invented BrellaBox.
They started this business as a more environmentally friendly option. John now runs his digital marketing firm JSO digital in Texas and Anusha works at Progenics and holds the position of Director of Business Development.
Did BrellaBox get a deal on Shark Tank?
The founders pitched in their idea on the show and asked for $400,000 in exchange for 20% of the company. Despite their explanations, they couldn’t convince sharks to invest.
Kevin found the business absurd with no intention but, just a waste of time. Barbara and Daymond had doubts about its potential. The other sharks too were very uncertain and all of them denied to invest.
What Happened to BrellaBox after Shark Tank?
Though it did not get a deal on Shark Tank, BrellaBox worked and expanded its business. They sold their products to the University at Penn State. They released their fifth iteration. The valuation of the company during the pitch was $2 Million. The net worth of the company is not known as of 2023 as it ceased its business in 2018.
What’s the net worth of BrellaBox?
The net worth of BrellaBox during the pitch was $2 Million. The net worth of BrellaBox is not known as of 2023 as it ceased its business in 2018.
Is the company BrellaBox still in Business?
No, BrellaBox is out of Business in 2023. Two years later after shark Tank, they stopped accepting orders.
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FAQs:
What is BrellaBox ?
BrellaBox was a company that rented umbrellas in the city. The company aimed to install the machines in different locations of the city, schools, and colleges for city people.
What's the net worth of BrellaBox ?
The net worth of the BrellaBox during the pitch was $2 Million. The net worth of the BrellaBox is not known as of 2023 as it ceased its business in 2018.