Naja Shark Tank Update
To make luxurious lingerie affordable for all women, Catalina Girald founded Naja in 2013. She decided to take her family business of making comfortable clothing further and do something different for underprivileged women. With this ambitious project, Catalina appeared in season 6 of Shark Tank. So, what happened next? What about the latest Naja Shark Tank update?
Although all the Sharks liked Naja’s products and profit margin, it didn’t get any fair deal on Shark Tank. The Sharks dismissed Catalina’s deal by saying she was over-evaluating the company’s value. However, this didn’t stop Catalina from going on with her project, and she raised funds from several other investors.
As of now, Naja is still in business and generating handsome revenue each year. Read on as we explore the journey of Naja on Shark Tank and beyond.
Naja Shark Tank Profile
Let’s take a look at the overview of Naja’s Shark Tank profile and its most recent updates:
| Company Name | Naja |
| Founder | Catalina Girald |
| Founded In | 2013 |
| Product | Luxurious lingerie for women |
| Special Features | Made of recycled products, comes in all body sizes, premium feel and look |
| Asked For | $500,000 for a 5% equity |
| Final Deal | No deal |
| Shark | None |
| Naja Shark Tank Episode | Season 6, Episode 22 |
| Naja Shark Tank Episode Aired In | March 13, 2015 |
| Pre-Sale Data | Around $55K from Kickstarter and presales |
| Business Status | In Business |
| Website | Naja |
| Location | 1010 Wilshire Blvd Ste 404, Los Angeles, California, 90017, United States |
| Net Worth | $2.9 million (as of 2022) |
| Sales After Shark Tank | $2.9 million in a year |
| Available On | Naja Website |
| 2023 Update | Selling products on their website |
| Watch On | Prime Video |
Naja and Its Owner on Shark Tank
Catalina Girald, the owner of Naja, pitched Naja on Shark Tank in season 6, episode 22. Catalina explained that Naja’s lingerie is made from recycled materials in a fair-trade factory in Colombia. In fact, the factory is owned by her uncle, and the innerwear is made by the single mothers who work there
Apart from that, the company also has a program called Underwear for Hope. Catalina donates a significant amount of Naja’s profit here as it provides sewing training to single mothers in Colombia
After giving her pitch and showing the Naja products to the Sharks, Catalina asked for a $500,000 investment in exchange for 5% equity in her company
Despite a compelling pitch and a strong social mission, the Sharks were concerned about the company’s high valuation and the competitive nature of the lingerie market
Finally, Kevin O’Leary offered her $500K for a 50% stake and partial ownership of the company. However, Catalina didn’t agree to the deal as the amount was too low
In the end, Naja didn’t receive an investment from any of the Sharks.
What Happened to Naja After Shark Tank?
Although Naja didn’t get a deal on Shark Tank, it’s still in business in 2023. Catalina had received handsome offers from various investors even before appearing on Shark Tank.
The company has been involved with 17 investors since its launch in 2013. During her pitch, Catalina stated that it takes only $7 to make each lingerie, and the pieces are sold at $60 each. So, the profit margin is about 72%, which is impressive for such a new company.
In 2016, Naja launched its activewear line, which didn’t turn out to be popular among consumers. Hence, Naja launched a new line of cotton-based innerwear with its “Let’s Get Real” campaign. According to the latest reports, Naja earned $2.9 million in sales revenue in 2022.
Naja Net Worth
In her pitch, Catalina evaluated the net worth of Naja at $10 million. However, the Sharks thought the estimation was absurd as Naja wasn’t an established brand yet.
With his $500K for a 50% stake offer, Kevin valued Naja at $1.5 million to $2 million. As of 2023, Naja today has a net worth of $2.9 million. Naja’s owner Catalina Girald’s estimated net worth is valued at around $1 million.
Naja Sales Data
As Naja is a private company, it doesn’t release its sales data to the public. However, from Catalina’s pitch on Shark Tank and some media sources, we’ve collected the following sales data:
| Year | Sales Data |
|---|---|
| 2014 | Earned around $55K from pre-sales |
| 2016 | Made $145,000K within about 6 months of operation |
| 2022 | $2.9 million sales revenue |
Is Naja Profitable Now?
As the recent production cost of each Naja innerwear is unknown, it’s difficult to say whether the company is running on profit or loss. However, based on the company’s annual revenue of $2.9 million, it is likely that Naja is at least breaking even.
The company has also raised over $1 million in funding. So, we can assume that investors believe in the company’s long-term profitability. Since its appearance on Shark Tank, the company has been featured in numerous media outlets. And it continues to promote its mission of promoting sustainability in the fashion industry.
From what we’ve seen from the various interviews, the company isn’t going to shut off anytime soon. Instead, the founders will go ahead with their vision as long as possible.
One concerning thing about the company’s status is the customer ratings. Naja Lingerie has only a 3-star rating on the website. Besides, many users have complained about its poor customer service and questionable money-back policies.
Overall, it’s too early to say for sure whether Naja is profitable now. The company is growing rapidly and has a strong mission and values. All these factors suggest that Naja is well-positioned for long-term success.
Witness the journey of growth and success as we delve into the SBU story and explore the latest updates from Swimply. These remarkable entrepreneurs have harnessed their Shark Tank experiences to propel their ventures to new heights. Discover how they’ve adapted, innovated, and thrived in their respective industries, leaving an inspiring mark on the entrepreneurial landscape.Wrapping Up!
From our Naja Shark Tank update guide, you’ve learned about Naja’s journey after its appearance on Shark Tank. Despite having to walk away without any deal, Naja has continued to thrive and introduce new products. The good thing is Naja has been backed by multiple investors, which helped it to grow.
Overall, Naja is now a well-known company with strong growth potential. The company’s focus on sustainability and social responsibility is a major differentiating factor. It’s likely to continue to attract customers in the future.
