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ZipIt Bedding Shark Tank Update

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ZipIt Bedding is a combination of a bedsheet and a comforter that can be zipped. It is a unique concept that can save a lot of time and energy. ZipIt is the perfect product for people who do not get much time on their hands to make their bed after waking up or do not have the energy to do so or simply don’t want to.

ZipIt is like a sleeping bag as the comforter and sheet can be zipped together to make one and it comes in twin and full sizes. One set comes with a comforter, pillow case and fitted sheet the twin-sized set cost $55, and the full-size set costs $65.

Zipit Bedding at a Glance:-

IdeaSleeping bedsheets for kids and babies.
FoundersHayley Carr and Jennifer Macdonald
Asked For$75,000 for 20% equity
Accepted DealNo deal
SharksNo Sharks
Business statusOut of  Business
Episode No.Season 5, Episode 18
WebsiteZipIt Bedding

Index:

Who are the founders of Zipit Bedding?

Hayley Carr and Jennifer MacDonald are the founders of ZipIt Bedding. Both are mothers and know that it is a struggle to get the kids to make their beds. Hence, they created ZipIt Bedding which saves a lot of time, is easy to use, and can just be ready in 2 to 3 seconds.

They are planning to launch the queen, king, and California king sizes of ZipIt in the future. They just needed a shark’s help with distribution and to make their product reach more people.

Did Zipit Bedding get a deal on the Shark Tank?

Hayley and Jennifer came on the show seeking an investment of $75,000 for 20% equity in exchange. They did a demonstration about the whole use of products for a better understanding of the business model. Hayley showed various samples and options they had in hand. Jennifer shared that they had applied for a patent but it is still in process.

To date, they have sold over 1000 units and earned $7,500 in just 3 minutes. They did this tremendous work when they got a television spot for 3 minutes, but expenses behind the sales were also too high. Hayley and Jennifer shared that they are trying their best to get a license with a supplier with a deal of getting a minimum order of 50,000 along with 4% on U.S. sales and 6% on international trade.

Robert Herjavec said ladies have a very clear vision and he is not the right guy to support their vision in the segment, so he’s out. Barbara Corcoran appreciated their passion and will but said she didn’t see any clear business plan and went out. Mark Cuban found them narrow-minded people and said he didn’t think they’d be good together and he went out.

See also  Bundil: What Happened After Shark Tank?

Lori Greiner said she couldn’t believe the sharks and their opinion. Lori suggested they change all their business as they are putting all their efforts in the wrong direction. No deal was offered but they had two things to choose from: either disappointment or suggestion. What would you think as a reader choose?

What happened to Zipit Bedding after the Shark Tank Show?

After the show, Zipit Bedding gained some popularity once the show aired. Sharks had already predicted the future of the ladies and later it turned out to be true. After the show, they ignored the sharks’ suggestions and continued with their strategy and plans.

During the show, the ladies came up on the platform with a valuation of $3,75,000, which was rejected by the sharks. On the show, ladies didn’t agree with the reviews of sharks, so, how would they work together? 

After the show, they did well for a while, and increases in sales were identified. They have mixed reviews from the customers on their website. In May 2022, they successfully got their positions in Target, Bed Bath and Beyond, and Walmart. But, that also didn’t work for them. By July 2022, the official website was shut down.

Competitors of Zipit Bedding are:-

  • Gymboree
  • Zuzu baby
  • Little hip star
  • Enfamil
  • Copper pearl
  • Newton Baby

What is the net worth of Zip Bedding?

The estimated net worth of the Zip Bedding is unidentified as they are no longer in business. The valuation for the show was $3,750,000. 

Is Zip Bedding still in business?

Zip Bedding is no longer in business. As of May 2022, they have taken positions in Walmart, Target, and Bed Bath and Beyond. The success was not the end of Zip Bedding. In July 2022, their official website was shut down and it is no longer available on the market.

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FAQs:

What is ZipIt Bedding?

ZipIt Bedding is a combination of a bedsheet and a comforter that can be zipped. It is a unique concept that can save a lot of time and energy. ZipIt is the perfect product for people who do not get much time on their hands to make their bed after waking up or do not have the energy to do so or simply don’t want to.

Who founded ZipIt Bedding?

Hayley Carr and Jennifer MacDonald are the founders of ZipIt Bedding. Both are mothers and know that it is a struggle to get the kids to make their beds. Hence, they created ZipIt Bedding which saves a lot of time, is easy to use, and can just be ready in 2 to 3 seconds.

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