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Zuvaa: What Happened After Shark Tank?

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Zuvaa translates to “Sunshine” in the Shona – Local Zimbabwean language. This is truly an online community and marketplace that presents African-inspired fashion across the consumers of the world.

Zuvaa currently consists of more than 75 designers from Africa and North America to display the charm and beauty of the African continent. Zuvaa is no doubt the most sought out marketplace for global design.

Kelechi explains the logic behind the magic, consumers browse the online marketplace to select from a gamut of over 75 handpicked, curated designers.

Once orders are placed get delivered from the designer directly or from the fulfillment center in Atlanta, Georgia. With the mentoring of the Sharks, Kelechi can showcase the beauty of Africa through design to the entire world.

Zuvaa at a glance:

EPISODE NOSeason 9 Episode 19
BUSINESS IDEAAfrican Fashions online marketplace
FOUNDERKelechi Anyadiegwu
ASKED FOR$460,000 For 10%
ACCEPTED OFFERNo/None
SHARKNo Shark
BUSINESS STATUSOut Of Business
WEBSITEZuvaa

Index:

Founders Story: 

Kelechi as a first-generation Nigerian was inspired by the vibrant colors and ecstatic patterns of African fabrics and received warm compliments whenever she adored these dresses in public. Post a few referrals of designers, she clearly discovered the opportunity to connect African designers to the rest of the world via the e-commerce route.

Zuvaa shark tank update
Kelechi Anyadiegwu

With her urge to grow and utilize her technical skills, she went on to create and launch ZUVAA in 2014 with an initial investment of $500 investment. In the next couple of years, ZUVAA generated over $2 million in sales and launched various pop-up shops across the country. Kelechi Anyadiegwu is the proud founder and former CEO of ZUVAA. 

What is Zuvaa?

Zuvaa, the online marketplace for African-inspired fashion and accessories. Are you tired of shopping at the same old retail stores and wearing the same styles as everyone else?

Zuvaa is here to help you stand out from the crowd with unique, vibrant, and stylish pieces that celebrate the beauty of African fashion. From bold prints to intricate beadwork, each item on Zuvaa tells a story and celebrates the rich cultural heritage of the African continent.

Whether you’re looking for a stunning dress for a special occasion or a one-of-a-kind accessory to add to your collection, Zuvaa has you covered. So come join us on a journey of discovery and let Zuvaa help you express your individuality through fashion!

Did Zuvaa get a deal on Shark Tank?

In his pitch, the founder of ZUVAA, Kelechi sought an investment of $460,000 investment for a 10% stake. The business model was questioned primarily, by the sharks how will the remuneration of Designers work? Is it order-based or monthly-based – how does one evaluate it. How many such Designers are optimum and what allocation of funds are expected for such expansion?

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Daymond has a question on what happens if there is a return, which can cause legal implications if a return has to go to Africa.  Kevin was in and made her debt offer at 12% interest plus 10% of her company. Kelechi declines the offer as it was not feasible for her.

Eventually, Kelechi realized her business model was not mature enough to get sharks’ investment. The Shark tank event ended as a No Deal.

What Happened to Zuvaa After Shark Tank?

In 2018, Zuvaa crossed $2 million in revenue and was valued Zuvaa at $4.6 million at the time of the Shark Tank pitch. In 2019, Kelechi issued a public notice to announce the shutdown of ZUVAA. The key aspect of the letter is the company simply grew too fast too quickly and did not manage the right infrastructure to deal with this overwhelming demand.

Currently, ZUVAA is out of business and plans to reopen under new management in 2020. In 2021, however, with the emergence of Anyadiegwu’s new company UjuuMedia, there is no doubt she has learned from her failure and become a better entrepreneur – gearing herself up for more success in the upcoming future.

How much is Zuvaa worth?

At the time of the shark tank appearance, Zuvaa was valued at around $4.6 million as per the founder. Although they are not in business at this time.

Interesting facts about Zuvaa:

  • Zuvaa Inc, is a great platform that allows e-commerce to globalize the African artisan market and connect with global customers. 
  • A unique model that encourages export and trade between the African continent and the rest of the world. 
  • Vibrant content and technology with wide distribution to shop for goods from the African Continent and designers.
  • Great variety of prints and native designs and great prices.
  • Wonderful opportunity to directly interact with the designers to accommodate unique sizing delivers in a timely manner.

Is Zuvaa still in business?   

Kelechi did make an emergence post-ZUVAA closure to come back with her learnings and a better start to her new venture in 2021, being the new founder and current CEO of UjuuMedia.

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What is Zuvaa?

Zuvaa is an online Marketplace For African Fashions. Zuvaa is here to help you stand out from the crowd with unique, vibrant, and stylish pieces that celebrate the beauty of African fashion. From bold prints to intricate beadwork, each item on Zuvaa tells a story and celebrates the rich cultural heritage of the African continent.

Who founded Zuvaa?

Kelechi as a first-generation Nigerian was inspired by the vibrant colors and ecstatic patterns of African fabrics and received warm compliments whenever she adored these dresses in public.

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