Press "Enter" to skip to content

Shower Toga Shark Tank Update

0

Ever wished for a personal shower curtain for the activities that you love doing outdoors? Well, that wish has been fulfilled. Shower toga brings a product made from nylon fabric that wicks water. There are small pockets attached to the body’s ‘shower curtain’ to keep soap and shampoo.

There are also pockets to access and shower the private parts. The cloth clings to the body by locking it with cords. It costs $35 and started with a Kickstarter campaign that raised $14,735. The product is available for sale on Amazon.

Shower Toga at a Glance:-

IdeaExplain in one line
FoundersKressa Peterson
Asked For$80,000 for 33%
Accepted Deal$80,000 for 40%
SharksAlli Webb and Mark Cuban
Business statusIn Business
Episode No.Season 10, Episode 14
WebsiteShower Toga
Buy On AmazonBuy Now!

Index:

Who are the founders of Shower Toga?

Kressa Peterson is the founder of Shower Toga. She wanted to create a product that people could carry with them anywhere and use as their shower curtain. She has always been passionate about participating in outdoor activities, especially races, and knows how important it is for a person to shower right after the activity is over.

In July 2017, she delivered her product for the first time and has partnered up with many associations, such as The Shark Bite Half Marathon, The Mud Titan Run, and Savage Race. She needed a shark’s help and expertise to make her product grow and reach more people.

Did Shower Toga get a deal on the Shark Tank?

Keressa Peterson entered the show seeking an investment of $80,000 for 33% of her business. Peterson shared her need for investment and explained the whole business model and shared her story of how she reached one of the good platforms. Keressa shared that she had sales of $80,000 in the first year with an impressive profit margin.

Sharks were impressed by the margins and the whole revenue chain of it. Kevin O’Leary shared his opinion by saying the same model can be created with the help of a garbage bag pack and went out. Robert Herjavec loved the idea and said something was still missing and went out.

Lori Greiner agreed to the missing factor and went out too. Mark Cuban was dazzled and he said if any other sharks were willing to join him he would be happy to give an offer made Alli Webb took his step ahead and they gave a combo offer of $80,000 in exchange for 40% equity in return. He got Kressa to accept the offer and the pitch was closed with a handshake.

See also  Decoy effect: Why it matters in business?

What happened to Shower Toga at a Glance?

Shower Toga was able to secure a deal with Mark Cuban on Shark Tank. The deal took off and they were able to grow their business as planned. In 2020, during the pandemic, Shower Toga sold its product to frontline workers at half price. During the pitch, they came up with a valuation of $242,424.24, which was later updated to $200,000 by Mark Cuban.

It was done so that people could shower fast as soon as they came home from work and clean themselves before entering. On the company’s official website, people can order a single Shower Toga for $39.95, Shower Toga and Shower to-go combo for $49.95, a Shower to-go for $21.95, Shower Toga Plus (for plus size) for $43 and their new Inclusive Shower Toga and Shower to-go combo for $54.95. Before the show, they made sales of $80,000, and currently, they are doing thrice that. Shower Toga costs $2.85 to make and is wholesale for $16 and retails for $35 on the market.

Shower Toga still hasn’t changed its name and has successfully made it a brand. As of August 2022, they are generating a revenue of $2.5 to $5 million.

Competitors of Shower Toga are:-

  • VZ Wraps
  • Dust Text Service
  • Decor Planet
  • Faucet Direct
  • BidetKing

What is the net worth of Shower Toga?

The estimated net worth of Shower Toga is. The valuation asked on the show was $242,424.4, which was later updated to $200,000. 

Is Shower Toga still in business?

Shower Toga is still in business and is doing well in the market. Mark Cuban has been more like a partner than an investor. Shower Toga has a vision of showering anywhere and everywhere.

Shower Toga Social Links:

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.

Also, don’t forget to download our Android app which contains startup and business book learnings, verified business knowledge and concepts, and no bullshit!!

Related Articles:

FAQs:

What is Shower Toga?

Kressa Peterson is the founder of Shower Toga. She wanted to create a product that people could carry with them anywhere and use as their shower curtain. She has always been passionate about participating in outdoor activities, especially races, and knows how important it is for a person to shower right after the activity is over.

Who founded Shower Toga?

Shower toga brings a product made from nylon fabric that wicks water. There are small pockets attached to the body’s ‘shower curtain’ to keep soap and shampoo.

Leave a Reply

You cannot copy content of this page