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Jungle JumpaRoo Shark Tank Update

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Parents are always worried about the well-being of their kids and want to avoid any situation that can lead to their children getting hurt.

Trampolines are one of those play accessories that have suffered due to this.

Hence, the owners of Jungle Jumparoo came to the rescue, by providing a solution that not only helps children increase their physical activity but also prevents them from getting hurt while on a trampoline!

Jungle JumpaRoo at a Glance:-

IdeaTrampoline and bounce house for children
FoundersRachel and Steve McMurtrey
Asked For$100,000 for 20%
Accepted DealNone
SharksNone
Business statusIn Business
Episode No.Season 6, Episode 5
Buy on AmazonBuy Now!

Index:

What is Jungle JumpaRoo?

The Jungle Jumparoo is a modern-day playtime accessory that will lure your child to go out and have fun on the bounce toy without the parents having to worry about trampoline injuries.

It is a creativity-friendly product that allows your kid to enjoy the provided accessories in any number of ways possible.

The product is an injury-safe and kid-friendly product that contains a number of accessories such as jumping base, climbing bars, and swing.

It helps reduce the screen time of children and also helps increase their physical activity and imaginative capability.

Founder Story:

The Husband and Wife duo of Steve and Rachel have come together to introduce their product Jungle Jumparoo in the toy world.

The major driving force behind the product is the number of casualties that happen due to trampoline injuries. Nearly 105,000 kids get injured every year due to trampolines.

To reduce these injuries and to make jumping a leisurely process, the duo came up with Jungle Jumparoo which is inspired by a jumping toy that Rachel had as a child.

The McMurtreys had an unsuccessful Kickstarter campaign in 2013 and want to infuse both the capital and experience of a shark in their business.

Did Jungle JumpaRoo get a deal on Shark Tank?

Steve and Rachel entered the tank seeking $100,000 for 20% equity. The couple starts their presentation by bringing in a bunch of kids who jump around on their product.

They demonstrate their product and all the attachments along with it and claim that they own the rights to the product and have a patent lined up.

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The Sharks Robert and Mark think that the toy is still dangerous and thus don’t want to associate themselves with it.

Lori thinks that packaging and demonstration of the product would be a major problem, so she is out. Daymond is confused about the product margins since they had sold only 1200 units in a year.

Due to various issues in the manufacturing and process handling of the product, the sharks decided not to invest in the company and hence, the duo had to walk away without any deal.

What happened to Jungle JumpaRoo after Shark Tank?

After the Shark Tank episode aired, the startup experienced a huge spike in its sales as a result of the “Shark Tank Effect”.

In 2017, they also appeared in Toy Box, a show similar to Shark Tank but for toys, and pitched their 220-piece construction set called TubeLox.

The U.S. Consumer Product Safety Commission issued a recall on the yellow-colored poles due to increased levels of lead.

The duo however managed to successfully handle the situation and issue refunds and replacements to the customers. The company has managed to stay in business with an annual revenue of $1-$2 million.

Product Details:

  • The Jungle Jumparoo is a trampoline and jungle gym playset for children till the age of 10.
  • The product is a series of steel bars mounted on top of a strong inner tube.
  • It is a lot safer than trampolines since it is closer to the ground.
  • It helps reduce screen time and promotes physical activity.
  • The product is available in two sizes: Jungle Jumparoo mini and Jungle Jumparoo.

What’s the net worth of Jungle JumpaRoo?

Jungle Jumparoo owners entered the tank with an ask of $100,000 for 20% of the company, valuing it to $500,000. The duo could not secure any deal on the show.

After the Shark Tank stint, the company is currently doing an annual business of around $1-$2 million in revenue. The company has managed to grab additional funding and partnerships bringing the net worth to around $2 million.

Who are the competitors of Jungle Jumparoo?

The major competitors of Jungle Jumparoo are giants of the existing toy industry. Some of them are:

  • Hamleys
  • Lego Shop AU
  • Pop in a Box
  • Funko, and many more.

Is Jungle JumpaRoo still in business?

Yes, the company has managed to stay afloat and has started grabbing its fair share of the toy market. It still has a long way to go in terms of revenue and profits but it surely is working in that direction successfully.

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FAQs:

What is Jungle JumpaRoo?

The Jungle Jumparoo is a modern-day playtime accessory that is a mixture of trampoline and gym set.

What's the net worth of Jungle JumpaRoo?

The estimated Net Worth of the company is around $2 million.

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