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What Happened to Dapper Boi After Shark Tank?

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Are you a girl who struggles to find her size of clothes in the men’s section even when you love the designs there? Or, Are you simply a person who cannot find their size in any standard brand sizes?

Dapper Boi is here to cure all these problems with its gender-neutral clothing line that is curated specially for people who don’t follow boundaries and flow free in the shackles of public stereotypes!!

Dapper Boi at a Glance:-

IdeaGender-neutral clothing line
FoundersCharisse Pasche and Vicky Pasche
Asked For$250,000 for 5%
Accepted DealNone
SharksNone
Business statusIn Business
Episode No.Season 14, Episode 20
Buy on AmazonBuy Now!

Index:

What is Dapper Boi?

Dapper Boi is a gender-neutral clothing line that manufactures clothes for people with all body shapes and sizes irrespective of gender or any other stereotypes.

The company goes with the motto of “What we wear, is what we are” and hence, claims to make its customers comfortable in their skin while wearing the Dapper Boi’s products.

The company hosts a website with the same name, i.e., Dapper Boi where they sell their different lines of clothing at affordable prices.

Their products include jeans, joggers, T-shirts, jackets, and much more. The designs of the clothes are stylish, and comfortable and give street fashion vibes.

Founder Story:

Vicky and Charisse, the founders of the Dapper Boi are a couple. Vicky liked clothes from the men’s section but always struggled with the sizes and nothing exactly fit her frame.

The couple did a lot of research on gender-neutral clothes and on finding none, Dapper Boi was born.

Dapper Boi started with a Kickstarter campaign that earned them $26,364.

They also raised $282,414 on the StartEngine platform at a valuation of $6 million, where a total of 564 investors invested in the company. The company started flourishing and crossed $1 million in sales with 75-85% profit margins.

Did Dapper Boi get a deal on Shark Tank?

Vicky and Charisse entered the Tank with a demand of $250,000 for 5% equity.

They started with the company’s presentation wherein they stated how and why they started their company and what exactly is the aim of the brand in the coming future.

They sell their products in D2C mode completely relying on Social Media and influencer marketing.

Their lifetime sales at the time of the pitch were $3.5 million with $1.2 million in the last year and a customer retention rate of 51%. They were also completely bootstrapped at the time.

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The company then states that they currently have only $100 in their account and are on the verge of bankruptcy due to the huge shipping costs incurred.

The Sharks were shocked to hear this and hence, all of them saw no point in investing in the company. The duo had to return without any investment in their hands.

What happened to Dapper Boi after Shark Tank?

Dapper Boi might not have got any deal on the show but they definitely got free promotion on National Television, leading to a surge in their business.

The company owners also made a smart move by introducing a shopping app just before their episode aired, which led to them getting greater profits.

The owners have since gained a lot of popularity and have done a lot of podcasts on their journey. On April 15, 2023, the company announced that Kelly Ann Winget had become an investor in their venture, Dapper Boi.

The owners are planning to share the investment journey on their official YT channel, under the title: “She Anels Series”.

Product Details:

  • Dapper Boi manufactures products that are gender-neutral.
  • Their products have sizes that fit any body shape and type irrespective of gender.
  • They have various SKUs to sell, such as Jeans, T-shirts, joggers, etc.
  • The designs of the clothes are very stylish and indicative of gender neutrality.

What’s the net worth of Dapper Boi?

The company entered the tank with a demand of $250,000 in exchange for 5% stakes of the company, evaluating it to $5 million. Unfortunately, the company could not grab any deal on the Show.

After its stint on Shark Tank, the company not only got free promotions but also got a loyal customer base along with increasing business traffic. This led to the company’s estimated Net Worth to be around $5 million.

Who are the competitors of Dapper Boi?

  • The Studio Heat
  • Floyd
  • Track 23
  • Hobbs Clothing

Is Dapper Boi still in business?

Yes, the Dapper Boi has been up and running since the year 2015, working tirelessly on the aim of creating gender-neutral clothing.

Dapper Boi is currently doing decent in terms of revenue and profits, but it is only a small portion of the $3.2 billion worth of the clothing industry in the US. The business has still a long way to go.

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FAQs:

What is Dapper Boi?

Dapper Boi is a gender-neutral clothing line that manufactures clothes for people with all body shapes.

What's the net worth of Dapper Boi?

Dapper Boi entered the tank with a demand of $250,000 in exchange for 5% stakes of the company, evaluating it to $5 million. Unfortunately, the company could not grab any deal on the Show. The company’s estimated Net Worth is around $5 million.

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