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Rounder Bum Shark Tank Update

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Rounder Bum is a premium line of underwear for men. Rounder Bum offers underwear for men that enhances their special attributes. Rounder Bum makes the men’s bottom rounder. Rounder Bum underwear is made with numerous technologies.

There is compression tech that helps to give support and a slimming effect, gravity tech provides for a free fall pouch for the package, package tech to provide some bulk to the jewels of a man, and lift tech helps in providing bands that lift saggy bums and padding tech adds more pads to the underwear to make bums look rounder.

Rounder Bum at a Glance:-

IdeaMuscles T-shirt and padded underwear business
FoundersJonathan Diersing
Asked For$150,000 for 10% equity
Accepted Deal$150,000 for 5% equity + $2 royalty until doubled is recouped
SharksKevin O’Leary
Business statusIn Business
Episode No.Season 9, Episode 18
WebsiteRounder Bum
Buy on AmazonBuy Now!

Index:

Who are the founders of Rounder Bum?

 Jonathan Diersing is the founder of Rounder Bum. In 2015, he arranged to license and manufacture with a Mexican company named Round wear which manufactures underwear with other brand names associated with it. He started manufacturing boxers and briefs not only for men but panties for women as well.

With briefs and panties, he started manufacturing compression shirts for men and compression socks too. He has made the products available on Amazon and also in some small mom-and-pop shops. The products might not be cheap but they are of premium quality and provide the best results. Diersing just wanted some help from a shark with expanding into more retail stores.

Did Rounder Bum get a deal on Shark Tank?

Diersing, the founder of Rounder Bum, came onto the show in season 9, episode 18. Diersing came on the show looking for an investment of $150,000 for 15% equity in exchange for their expertise. Jonathan had brought a model along with him during the pitch to demonstrate and show what the actual rounder bum contributes.

Jonathan gave samples to all the sharks and also shared that the pad inside could be removed. After the demo, Jonathan Diersing shared that before coming to the show, they had made sales of $ 1 million and were forecasting $1.5 million in sales in the upcoming year. Sharks asked him why he needed this investment. Jonathan said he wanted to hire a good and skilled marketing player because his business needed that. Daymond John, one of the sharp sharks, made his way out as he cleared that he is not much engaged in the clothing business.

Kevin O’Leary was impressed with Jonathan and gave him an offer of $150,000 for a $2 royalty until its double amount is covered along with 5% equity in the business. Mark Cuban said he didn’t see much growth in the future and went out. Robert Herjavec was the second shark to give an offer, which was of  $150,000 for 20% equity in exchange. Jonathan Diersing gave a counter of going with 15% equity. Robert rejected the counter. Jonathan gave another counter for $300,000 for 20% equity in exchange. Robert Herjavec rejects that too by saying no. Jonathan takes his time and goes with the Kevin O’Leary deal in the end.

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What happened to Rounder Bum after the Shark Tank Show?

After the show, the deal made on the show between Kevin and Rounder bum was finally closed after the show aired. Rounder bum was successful in pulling public interest towards Rounder bum. Kevin O’Leary stood as in supporter of Jonathan as he helped him in brand building and marketing too. Kevin also promoted his social platforms. Kevin O’Leary also shared that he didn’t wear his old underwear anymore, he had switched to Rounder bum too, which was a strong key to getting customers.

During the pitch, they had a valuation of $1,000,000 but the offer selected by Jonathan had shuffled the valuation to $3,000,000 along with a $2 royalty until $300,000 is recouped.

After the show, Rounder bum enjoyed great success and learning. Kevin and his expertise proved to be best for Rounder’s bum success and growth. After the show, they went on to a few popular shows too. They had their biggest sale on Aftermath and are also at 4th position on the best-selling underwear list on Amazon.

Rounder bum is the business of muscles, a t-shirt, and underwear. Rounder bum costs range from $35 to $42 as mentioned on their website. Rounder bum had a few new additions, like Stelaeath lift trunk for $35 and Chromatic lift boxer at $29. If you order from their website, they give a 10% discount on your first purchase. Go, grab the deal now! at https://rounderbum.com/collections/padded. After the show, Rounder’s bum didn’t take its steps back.

Competitors of Rounder Bum are:-

  • Tommy John
  • Meundies
  • 2Xist
  • Jockey
  • Ethika
  • TomboyX
  • The underwear expert

What is the net worth of Rounder Bum?

The valuation during the pitch was $1.5 million and by the end, it was $3 million, along with a $2 royalty until doubled is recouped. The estimated net worth of the Rounder bum is $3 million.

Is Rounder Bum still in business?

Rounder Bum is still in business and doing great. Rounder Bum had its biggest sale on the Aftermath show and is also the top 4 bestseller underwear on Amazon. Rounder bum made a few new additions too. Bizz Bucket wishes them many more years on their journey.

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FAQs:

What is Rounder Bum?

Rounder Bum is a premium line of underwear for men. Rounder Bum offers underwear for men that enhances their special attributes. Rounder Bum makes the men’s bottom rounder. Rounder Bum underwear is made with numerous technologies.

Who founded Rounder Bum?

 Jonathan Diersing is the founder of Rounder Bum. In 2015, he arranged to license and manufacture with a Mexican company named Round wear which manufactures underwear with other brand names associated with it. He started manufacturing boxers and briefs not only for men but panties for women as well.

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