Jiggy Puzzles Shark Tank Update

Jiggy Puzzles was introduced as a company that sells artistically designed, displayable, and unique puzzle designs. The jigsaw puzzles are made and submitted by local female artists from around the world. This company turns artwork created by female artists into jiggle saw puzzles that can even be framed as artwork.

It is a great company with a great product that sells stress-relieving jigsaw puzzles that can be glued and displayed with an even better social cause as the company also supports its featured and upcoming creative artists by donating a certain percentage of every sale of its product to its creative artists from different parts of the world.

Jiggy Puzzles at a glance

SeasonSeason-12, Episode-22
Business IdeaStress-Relieving Jigsaw Puzzle Designs.
FoundersKaylin Marcotte
Asked For$500,000 for 05% of Equity.
Accepted Deal$500,000 for 15% of Equity.
SharksMark Cuban
Business IdeaIn Business.
WebsiteJiggy Puzzles
Buy on AmazonBuy Now!

Index:

Founder Story:

Jiggy Puzzles is a company making unique jigsaw puzzles that was founded and developed by a New York City-based young lady and entrepreneur named, Kaylin Marcotte. She founded Jiggy Puzzles in the year 2015. The idea behind the incorporation of this company came to the mind of Kaylin when she was working long hours at a start-up and every evening, she used to solve jigsaw puzzles for relaxation. After knowing how popular and satisfying her puzzles were, Kaylin left the start-up company and started her own firm, Jiggy Puzzles.

She founded this company so that others could also experience the same calm and peace she felt every evening for years while solving puzzles as there is so much more to Jiggy Puzzles than just solving it as Jiggy Puzzles has inspired and motivated many young ladies to pursue their artistic dreams through each puzzle’s unique and inspiring artwork.

Did Jiggy Puzzles get a Deal on Shark Tank?

Jiggy Puzzles was broadcasted on ABC’s famous reality TV show Shark Tank in Season 12 and Episode 22. The founder Kaylin Marcotte presented her business to Sharks and also described the products offered by her company and its valuation and profitability. She entered the Shark Tank show seeking an expectation of receiving $500,000 in exchange for 5% equity of her company’s stock in consideration for her investment and was also looking for a partner that will help her to grow her company.

The Sharks liked the product and with such a staggering number of sales in just a few years, the Sharks were fascinated with how great the company has performed in past in so little time. Firstly, Kevin offered her to invest $100,000 in exchange for 1% equity and an additional loan of $400,000 at 10% interest for a total of 26% equity. However, Kaylin didn’t want to lose too much equity so she refused.

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Later, Mark after pitching to the Dallas Mavericks owner directly responded to her with an offer to invest $500,000 for 15% equity of her company with a promise to match all non-profit donations the company had made in 2020 with a sum of $50,000 as part of their deal. In the end, Kaylin accepted the offer of Mark Cuban. Thus she got a deal on the show.

What Happened to Jiggy Puzzles after Shark Tank?

After its appearance on the show in April 2021, Jiggy Puzzles received a massive increase in its sales and also continues to receive five-star reviews online including at giant retailer Amazon and has been receiving great press coverage, promotions, and popularity in the market.

Jiggy Puzzles continues to sell more unique designs and jigsaw puzzles and the company is also offering its customers, an option to directly buy Jiggy Puzzles from their website or Amazon individually or they can also sign-up for a monthly subscription service, Jiggy Puzzle Club, where members get new products and promotions before everyone else with exclusive content and access to a private community of other members from the club.

Competitors of Jiggy Puzzles

Jiggy Puzzles is a company that offers one-of-a-kind unique jigsaw puzzles to its customers. The puzzles come with a variety of unique artistic designs which are hard to find in the market from other offerors. Thus, no competitors are found for Jiggy Puzzles as of now in the open market.

Net Worth of Jiggy Puzzles

Jiggy Puzzles at the time of its Shark Tank appearance was valued at around $4 million. Since then, it has blown up quickly and was expected to increase its net worth by $2.25 million, according to its founder by the end of 2021. During the lockdown, it reported an increase of 550% in its sales and an increase of 250% in the number of visitors to its website. The present valuation of Jiggy Puzzles in 2022 is estimated to be around $10 million.

Is Jiggy Puzzles Still in Business?

Yes, Jiggy Puzzles is still surviving and existing in the market and has grown exponentially in such a short span of time after appearing on the Shark Tank show. It is performing very well in its segment and is able to generate a good number of profits and revenue.

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FAQs:

What is Jiggy Puzzles?

Jiggy Puzzles was introduced as a company that sells artistically designed, displayable, and unique puzzle designs. The jigsaw puzzles are made and submitted by local female artists from around the world. This company turns artwork created by female artists into jiggle saw puzzles that can even be framed as artwork.

Who founded Jiggy Puzzles?

Jiggy Puzzles is a company making unique jigsaw puzzles that were founded and developed by a New York City-based young lady and entrepreneur named, Kaylin Marcotte.

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