Eyewris Shark Tank Update: While many people find reading glasses required, regular users know how challenging it can be to remember where they are when they are needed. Also, the glasses are simple to break, and losing them can be pretty irritating.
What is Eyewris?
To provide readers a solution, Mark and Kenzo Singer established the Eyewris Folding Reading Glasses business.
They planned to develop foldable reading glasses that customers could carry with them at all times. The layout has two objectives. The first was to provide excellent fashion, and the second was durability.
Durability is the main issue with wearing folded glasses on the wrist. The good news is that Eyewris, the company that manufactures these glasses, claims that its ultra-durable lenses are 10 times more damage-resistant than conventional glass or plastic lenses.
They also include anti-reflective coatings and are scratch and smudge resistant. They provide 100% UV protection and contain a blue light filter.
Kenzo and Mark required that each pair of Eyewris glasses be built from an alloy of nickel-titanium memory metal, stainless steel, and Swiss-developed lightweight TR-90 thermoplastic, in addition to creating a convenient and hassle-free manner to store and carry glasses.
The scratch- and smudge-resistant lenses that Eyewris glasses also offer ensure greater longevity.
Who is the Founder of Eyewris?
The father-son duo, Mark and Kenzo, founded Eyewris. To meet a personal need, they founded the business. Mark had trouble seeing well and needed reading glasses, but he usually forgot to use them.
So they made Eyewris so he could always have his reading glasses on him.
The founders want their glasses to be enjoyed by customers and to be “always within reach” anytime they are required.
He is an excellent craftsman, sculptor, inventor, and fine furniture designer. His other businesses include Giati Designs and Gorilla Glue, so this is not his first venture.
In Los Angeles, he had previously worked as a structural engineer. He received his bachelor’s and master’s degrees in structural engineering and architecture from Cornell University.
What Happened to Eyewris at the Shark Tank?
Mark and Kenzo Singer presented Eyewris to the Sharks—Mark, Barbara, Kevin, Lori, and Daymond during an episode of Shark Tank.
The Sharks and spectators alike were drawn in by the Singers’ emphasis on Eyewris’ unique design and comfort. They highlighted the irritation experienced by typical studying-glass users and showed how Eyewris could effectively address this issue.
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Mark and Kenzo both entered Shark Tank and requested $25,000 for 5% equity from the sharks.
After hearing Mark Singer, Lori Greiner became extremely upset on the air and broke down in tears. For 10% equity, Lori offered $25,000.
Kevin O’Leary offered $50k in exchange for 10% equity. Although every shark wants to do business with them, the founder is unwilling to provide significant ownership.
All five sharks – Mark Cuban, Daymond John, Kevin O’Leary, Barbara Corcoran, and Lori Greiner—said they would pay $125,000 for 25% equity stock.
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Eyewris Shark Tank Update
|Founder||Mark Singer and Kenzo Singer|
|Product||Reading Glasses On Your Wrist|
|Asked For||$25k for 5% equity|
|Final Deal||$125k for 20% equity|
|Shark||Mark Cuban, Daymond John, Kevin O’Leary, Barbara Corcoran, and Lori Greiner (All 5 Sharks Deal)|
|Eyewris Shark Tank Episode||S14 E22|
|Air Date||May 19, 2023|
|Business Status||In Business|
|Headquarters||Santa Barbara, California, United States|
|Eyewris net worth||$28K *estimated|
|Eyewris Instagram||View Profile|
|Eyewris Website||Visit Here|
|GO TO AMAZON||View Product|
Eyewris after the Shark Tank
After the shark tank, they became very popular, and shark tank has a huge audience, so among them, there are many users who need this type of eyeglasses.
There has been no competitor for Eyewris till now.
Is Eyewris Still In Business?
Yes, as of May 2023, ‘Eyewris’ is still in business.
Eyewris Received Broad Support As Soon As It Launched, And The Business Quickly Increased Its Customer Base. The Durability And Quality Of Eyewris Have Always Been The Best On The Market, And Customers Were Eager To Experience New Ways Of Keeping And Transporting Their Reading Glasses.
Also, Eyewris had virtually no competitors because the spectacles used a novel and creative technique to wrap around the wrist, which made it simple for them to seize the US market.
Eyewris net worth
The present valuation of Eyewris is approximately $625,000.
Based on data, it has been determined that around 64% of individuals living in the United States utilize corrective eyewear in the form of glasses. Approximately 70% of adults in the United States utilize eyeglasses.
In 2022, the estimated market size of wearables in North America amounted to around USD 26.55 billion.
According to projections, the estimated value of this industry is expected to reach USD 41.29 billion by the next 3 to 4 years.
Eyewris is a pair of foldable reading glasses. You can wear these reading glasses on your wrist.
Mark and Kenzo, a father-son squad, created Eyewris. They started the company to fulfill a personal need.
After the pitch of the founder, All five sharks wanted to work with them. So they offered founders $125,000 for 25% equity stock which involved all 5 sharks.
The estimated net worth of Eyewris is $28K.
Yes, Eyewris is still in business and doing good.
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