What Happened To SlumberPod After Shark Tank?
SlumberPod After Shark Tank Update: SlumberPod is a portable privacy tent business for babies that was officially launched in 2018 by Lou Childs and Katy Mallory. Lou Childs and Katy Mallory are both mother and daughter.
December 2014 Katy and her husband and baby visit Katy’s mother’s house for the winter holidays. These three people had to share 1 room and her child kept getting up at night repeatedly searching for the parents and did not sleep again.
Katy started searching the internet to solve this product but unfortunately, she could not find anything. Katy discussed it with her mother, Lou, and in 2016, SlumberPod was born.
What Is SlumberPod?
The SlumberPod is a safe, easy, and portable solution to baby’s privacy and parents will be able to sleep better with this product.
This product is a kind of tent that completely encloses the baby’s sleeping area thus creating the baby’s personal space. This product is portable as well as completely lightweight.
Who Is The Founder Of SlumberPod?
The Co-Founder and CEO of SlumberPod is Katy Mallory and her mother Lou (Wingfield) Childs is a marketing expert.
Mallory has worked as a salesperson in many corporate companies after completing her journalism studies.
SlumberPod Shark Tank Update
| Company Name | SlumberPod | |
| Founder | Lou Childs and Katy Mallory | |
| Founded | 2016 | |
| Product | portable tent for babies | |
| Asked For | $400k for 20% equity | |
| Final Deal | $400k for 20% equity | |
| Shark | Barbara Corcoran | |
| Episode (Shark Tank USA) | S11 E10 | |
| Air Date | Jan 5, 2020 | |
| Business Status | In Business | |
| SlumberPod Net Worth | $5M *estimated | |
| Headquarters | Atlanta, Georgia, US | |
| SlumberPod Instagram | View Profile | |
| GO TO AMAZON | Buy Now | |
Also Read This: What Happened To The Frozen Farmer After Shark Tank?
SlumberPod On Shark Tank Pitch
After entering the Shark Tank, Katy & Lou explained their business to the sharks and asked for $400k for 20% equity. The landed cost of the product is $56 and it is sold for $149.99.
In 2021, the company’s annual revenue reached $5 million. On October 2022, they launched a new version product called Slumberpod with a fan included. On October 2022, BabyQuip signed a Strategic Partner deal with SlumberPod.
This product is available on Amazon, Target, and other retail and online stores. As of August 2023, the company’s annual revenue is $10 million.
They’ve done $556,000 in sales since the start of the business. Barbara Corcoran offered $400k for 25% equity. Kevin O’Leary offered $400k as a loan at 9% for a 7% equity. Katy counters Barbara with 20% equity and Barbara agrees.
Tenikle Net Worth
SlumberPod’s current net worth is estimated at $5 million. This company is running paid ads for product sales. According to Similaweb, 30% of visits are direct visits to the company site.
Is SlumberPod Still In Business?
Yes, SlumberPod is still in business as of August 2023.
This company has been running since 2018 and has been making profits since its inception. Now the founders have a plan to expand the business internationally, especially in the countries of Europe.
The company is headquartered in Atlanta, Georgia, United States, and employs 11-50 people, according to its LinkedIn profile.
FAQs
The Co-Founder and CEO of SlumberPod is Katy Mallory and her mother Lou.
SlumberPod’s current net worth is estimated at $5 million.
Yes, SlumberPod is still in business as of August 2023.
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