The primary goal of Woof is to offer pet owners peace of mind, assuring them that, in the face of an emergency, their cherished pets will be cared for.
Before Arsy Khodabandelou’s appearance on “Shark Tank,” the Woof app had a straightforward functionality. Pet owners could inform the app about the duration their furry companions would be left alone by setting a timer, ranging from one to twenty-four hours, as demonstrated in the episode.
If the timer expired without a response, Woof would promptly reach out to the pet owner’s emergency contact. In the event of unsuccessful contact, the app would then take the initiative to connect with local authorities, facilitating a home inspection for the well-being of the pets. Woof’s mission is to ensure that, even in challenging situations, pets are not forgotten and are provided with the care they deserve.
Woof at a Glance:-
| Idea | Pet safety app |
| Founders | Arsy Khodabandelou |
| Asked For | $100k for 10% equity |
| Accepted Deal | No deal |
| Sharks | No shark |
| Business status | In Business |
| Episode No. | Season 14, Episode 16 |
| Buy on Amazon | Buy Now! |
Index:
Founder Story:
Woof Company’s founder and CEO is Arsy Khodabandelou. Arsy has taken over as Verse Company’s Sales Team Leader. He worked for a number of companies after receiving his Master of Science from the University of Southampton, including NBCUniversal Media, Inovalon, and Clicknotices.
The company’s principal programmer is Raphael.
Did Woof get a deal on Shark Tank?
Following his appearance on Shark Tank, Arsy asked for $100,000 in return for a 10% stake in his business.
Woof had only been up for three months when Khodabandelou made an appearance on “Shark Tank,” and he appeared to be managing the website alone.
He says his monthly operating costs were less than $100, but that would change if his company attracted more than 5,000 subscribers.
In order to accomplish this, he sought a $100,000 investment in return for 10% of the business, which, considering that at the time fewer than 200 people were using the service, was an extremely generous $1 million valuation. The service costs $2.99 a month or $29.99 a year as of the recording.
Sadly for Khodabandelou’s potential pet savior, the sharks failed to see the viability of Khodabandelou’s proposal.
What happened to Woof after Shark Tank?
The “Shark Tank” Effect refers to entrepreneurs using the show as free advertising whether or not they successfully land a deal; in fact, some entrepreneurs, dubbed “Gold Diggers” by the sharks, go on the show just for the exposure, with no serious interest in a deal.
Normally, a business that appears on “Shark Tank” can take advantage of this phenomenon. But what makes Woof unique is that, after making its premiere on the show, it received very little attention.
In fairness, Pardo felt that the Woof app could be scaled up with ease, but he doubted if the service was really required, particularly since Woof was unable to send one of their (nonexistent) employees to personally help a pet or offer any other kind of service (like walking the pet or letting it relieve itself outside). Woof’s main selling point—and also its biggest drawback—was that it acted essentially as a concierge service with the option to call the police.
What is the net worth of Woof?
It is estimated that Woof is currently worth $1 million. May 2023 marks this company’s one-year anniversary, but things aren’t going well at the moment. After Shark, we hope our business can grow and succeed even more.
By 2022, the pet services market is predicted to grow to a value of $24.9 billion worldwide. Many developed close relationships with their pets during the pandemic. This sector of the economy keeps expanding every year.
Is Woof still in business?
Indeed, as of March 2023, Woof Help is still in operation. After being publicly launched in 2022, this service had been running for 11 months by March 2023. The app for this service hasn’t had a lot of downloads on the Play Store or App Store up to this point.
This is a new company that offers a seven-day free trial period in an effort to better serve its clients. Pet services are mostly under the authority of multinational corporations.
The company is based in New York, and employs two to ten people, according to LinkedIn.
One of Woof’s best-kept secrets is its small yet committed customer base. Khodabandelou may make use of it to help expand the company, maybe with something as basic as a referral scheme that rewards both new and current users who suggest the app to others.
This would not, however, solve the main drawback of the program, which is that it functions as a middleman only between you and your emergency contacts. The greatest course of action for Woof would be an acquisition by a big pet-friendly hotel chain, which could then deploy its staff to handle these check-ins.
They could run out of the current physical stores and would be better suited to take care of the animals (instead of Woof establishing its own network for this niche service).
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 try our Android app 📱 which contains startup case studies and business book insights 📚 , verified business strategies, and no bullshit!!
Related Articles:
FAQs:
What is Woof?
Woof objective is to provide pet owners comfort in knowing that, in the event of an emergency, someone else will be considering their beloved animals at home. Regretfully, those finned sharks would be far less amiable than the cute dogs who served as the initial inspiration for this project. Before Arsy Khodabandelou joined “Shark Tank,” the Woof app wasn’t too complicated. Pet parents may tell the app how long their fur child will be alone by setting a timer, which can be anywhere from one to twenty-four hours, based on the rudimentary display seen on the episode. Woof would get in touch with the parent’s emergency contact if the timer expired without a response, and if that failed, they would get in touch with the local authorities to have the home inspected for wellness.
What's the net worth of Woof?
It is estimated that Woof is currently worth $1 million. May 2023 marks this company’s one-year anniversary, but things aren’t going well at the moment. After Shark, we hope our business can grow and succeed even more.