Hot Mama Gowns is a company or brand specialized in the creation and sale of formal gowns or dresses, potentially catering to pregnant women. These gowns are made of 100% organic cotton, with short sleeves for injections, they are covered from the back and designed for breastfeeding.
It was started in 2009. It was specialized for pregnant women to not face humiliation in the hospitals and avoid the unhygienic gowns in the hospital. The business has always been low profile and sold directly to customers. The gowns are designed in number sizes, from 2-24 that is for women of every size.
A glance at Hot Mama Gowns:
|Idea||Creating comfortable and hygienic gowns for pregnant women.|
|Asked For||$30k For 20%|
|Accepted Deal||No deal|
|Business status||Out of business|
|Episode No.||Season 2, Episode 6|
Deidra Haysel is the founder of the company, Hot Mama Gowns. Not every entrepreneur has an emotional story connected to their business, but Deidra does. Fours years before she appeared on Shark Tank, she delivered her first daughter. She explains it to be the most beautiful yet humiliating moment.
When admitted to the hospital, the pregnant women are given unhygienic gowns which are open from the back. Wearing it becomes uncomfortable in front of many strangers and so Haysel decided to create and design gowns that are comfortable and fashionable too.
Did Hot Mama Gowns get a deal on Shark Tank?
Deidra appeared on the show seeking $30,000 for 20% and had made $11,500 to date. It had no debt or loans. However, the sharks were disappointed by the sales, also sharks like Kevin and Daymond did not get the answers they wanted.
The sharks liked the idea but said it was merely an idea and not a business and thought that the founder is not giving her 100% to the company to which Deidra disagreed. Even though the company had fewer sales, in the end, only Barbara was willing to offer a deal but was worried to work with Deidra as a partner.
Despite that, she offered $30,000 for 40% with condition that she wanted the gowns to be in only three small sizes medium, and large. Deidra found the offer a huge loss for her, and so left without any deal.
What happened to Hot Mama Gowns after Shark Tank?
It does not take a huge investment to run a business, after her appearance on the show shark tank, Deidra did not stop and continued to sell her products directly to the customers. She brought down the prices of the gowns from $119 to $69-89.
Nonetheless, Hot Mama Gowns deteriorated in 2013. The official website was taken down and the social media handles were not updated since then. The valuation of the company during the pitch was 1.5 Million.
Competitors of Hot Mama Gowns:
- Bigg Maternity
- Tilly Maternity
What’s the net worth of Hot Mama Gowns?
The net worth of Hot Mama Gowns at the time of pitch was $1.5 Million. Today the valuation is not known as the company is no longer in business.
Is Hot Mama Gowns still in business?
No, Hot Mama Gowns ceased its operations in 2013. The official website was taken down and the social media handles were not updated since then.
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.
- Who are the Sharks and Guest Sharks?
- FiberFix Shark Tank Update
- Hot Tot Shark Tank Update
- Aquapaw Shark Tank Update
- Petnostics Shark Tank Update
- Lucy Drawing Tool Shark Tank Update
What is Hot Mama Gowns?
Hot Mama Gowns is a company or brand specializing in the creation and sale of formal gowns or dresses, potentially catering to pregnant women. These gowns are made of 100% organic cotton.
What's the net worth of Hot Mama Gowns ?
The net worth of the company during the pitch was $1.5 Million. Today the valuation is not known as the company is no longer in business.