After appearing on Shark Tank in 2019, Zorpads secured a valuable deal and have since experienced impressive growth selling their odor-eliminating shoe inserts and other products.
Their story highlights how an innovative solution and strong execution can build a prospering business.
The Success Story of Zorpads after Shark Tank
Zorpads, founded in 2017 by Zierra Smith and Taylor Weigele, has become a multi-million dollar business selling innovative shoe inserts that eliminate unpleasant odors.
After making a deal with celebrity investors Charles Barkley and Lori Greiner on ABC's Shark Tank in 2019, Zorpads has expanded its product line and continues to grow revenue.
Valuable Deal Made on Shark Tank
In January 2019, Smith and Weigele pitched their odor-eliminating shoe inserts to the Shark Tank investors, asking for $150,000 in exchange for 8% equity.
They ended up accepting an offer from Barkley and Greiner for $150,000 for 22.5% equity, valuing their company at $666,666.
This influx of capital and advice from seasoned business veterans provided the momentum needed to scale up Zorpads.
Rapid Growth Since Appearing on the Show
Since securing investment on Shark Tank in early 2019, Zorpads has experienced impressive growth.
While annual revenue figures are not publicly available, various reports estimate 2023 annual sales surpassing $4 million.
The company has also expanded its product line to include odor-eliminating insoles for sports shoes and travel pouches. As of 2023, the net worth of Zorpads is estimated to be over $4 million.
Founders' Vision Coming to Fruition
Co-founders Smith and Weigele set out to solve an annoying everyday problem that many people experience - unpleasant shoe odor.
With Smith's marketing background and Weigele's chemical engineering and business credentials, they have managed to take their solution into retail stores and ecommerce platforms.
Their success proves that an unmet consumer need combined with strong execution can result in a prospering business.
What products does Zorpads sell?
Zorpads sells odor-eliminating shoe inserts for various types of shoes. They also sell additional products like sport shoe insoles and travel pouches that help eliminate odors.
What is Zorpads's estimated annual revenue?
While specifics are not disclosed, Zorpads's estimated annual revenue as of 2023 exceeds $4 million based on market reports.
Did Zorpads get a deal on Shark Tank?
Yes, Zorpads secured a $150,000 investment deal from Charles Barkley and Lori Greiner in exchange for 22.5% equity in the company. This Shark Tank deal helped propel their growth.
The story of Zorpads exemplifies how an innovative solution to a common annoyance, fueled by the right mix of business acumen and investor backing, can result in an impactful, multi-million dollar company.
Their odor-eliminating products continue to captivate customers, and they seem poised for continued success.