Baobab Shark Tank Update: Before & After The Show
If you are a huge fan of polo shirts, the Baobab clothing company might just be what you need. The startup, which was featured on Shark Tank, manufactures premium-quality polos with collars that never curl.
But what is the Baobab Shark Tank update? Unfortunately, when the company’s founders appeared on Shark Tank season 11, they did not close a deal with the sharks. The good news is that the business is still operating, and its sales have also increased. In addition, they have introduced new products over the years.
Want to know more about the clothing brand and its shirts? We’ve got you covered in this guide.
Baobab Shark Tank Profile
Baobab is a clothing company that designs and manufactures polo shirts resistant to wrinkles, staining, shrinking, and fading. The baobab tree is the inspiration for the startup name due to its long lifespan.
As it turns out, the brand was established in 2016 by two tech entrepreneurs, Marcellus Alexander III and Brandon Davenport. According to the duo, they started the company after successfully selling a venture company.
According to a Baobab update, the founders ran successful IndieGoGo and Kickstarter campaigns in 2017. They fundraised about $57,645 to help them launch the company. And 9 months after closing the campaigns, they started shipping the shirts.
With that said, here is a quick summary of the Baobab Shark Tank profile:
| Startup Name | Baobab |
| Inventors | Brandon Davenport and Marcellus Alexander III |
| Year Established | 2016 |
| Merchandise | Short and long-sleeved polo shirts |
| Requested For | $150,000 funding for 10% stake |
| Ultimate Offer | No offers |
| Investor | None |
| Season | S11 E03 |
| Date Aired | October 13, 2019 |
| Business Status | In Operation |
| Official Website | Visit Here |
| Location | 25 W 132nd Street, Suite 17C New York, New York 1037 |
| Sales (Lifetime) | $1 million + (estimated) |
| Buy Product | On Official Website |
| Watch | Amazon Prime |
How Was Baobab On Shark Tank?
Baobab was featured in episode 3 of season 11, which aired in 2019.
At the show, Baobab founders requested $150,000 in funding from the sharks in exchange for 10% ownership in their business. After sampling the shirts, the sharks were impressed with their quality.
However, the sharks were unhappy with the sales and company’s valuation. This is because, since the launch of the startup, the entrepreneurs had only made $83,000 worth of sales. In addition, they were valuing the business at $1.5 million after only investing about $35,000 of their own money.
So, in the end, they walked out of the show with no deal from any of the sharks.
What Happened to Baobab After Shark Tank?
Since Brandon and Alexander did not get a deal, what happened to Baobab after Shark Tank? The company continued to operate as usual, selling its products online on its website and Amazon. Also, they witnessed significant traffic on their site after the show.
In 2020, during the COVID pandemic, the startup started producing and selling facemasks. In addition, they introduced 5 new polo shirt colors in the same year. Later, in 2021, the entrepreneurs fundraised about $103,459 via the Republic crowdfunding site.
As if that’s not enough, the company received an award for the “Best New Polo Shirt of the Season” from the Men’s Journal. This further helped the business with more advertising.
Still, in 2021, the startup introduced bigger polo shirt sizes alongside Crew neck tees. In 2022, Baobab launched women’s polo shirts, another new product.
Baobab Net Worth
At the time Baobab was being featured on Shark Tank, the company’s net worth was about $1.5 million. This explains the reason the owners were seeking $150K funding for a 10% stake.
As of 2022, the startup’s net worth was still at $1.5 million based on the Baobab Shark Tank update. However, as of 2023, Baobab is estimated to have a net worth of between $2 and $3 million.
Baobab Sales Data
While the company was founded in 2016, it did not make any sales during that year. However, between 2017 and 2019, the business made sales worth about $83,000 as per the Baobab Shark Tank episode. In 2020 alone, their sales were around $700,000.
With that said, the founders expected to hit $3 million in sales in 2021. However, between 2021 and 2022, they made around $1 million in sales. Check out this table with a summary of the yearly sales data for Baobab:
| Year | Sales Estimates ($) |
|---|---|
| 2016 | Zero |
| 2017 – 2019 | $83,000 |
| 2020 | $700,000 |
| 2021 -2023 | $1 million + |
Is Baobab Profitable Now?
Yes, it is. After all, the company is still in business despite not getting a deal at Shark Tank.
In addition, when you look at Baobab after Shark Tank sales data, it is evident that the business is doing well. Its net worth has also increased from $1.5 million to about $3 million.
Conclusion
Although Baobab did not get a deal on Shark Tank, the business continued to operate. And since their appearance on the show, their sales have continued to increase. Baobab today has even expanded its product range to include tees and women’s polo shirts.
So, if you are interested in quality and non-fading polo shirts, you could consider Baobab. You can buy their products on Amazon or through their official website. They have various sizes and colors to cater to the needs of everyone.
