ROQ Innovations On Shark Tank Update – Shark Tank Season 13
Featured on Shark Tank
ROQ Innovations On Shark Tank Season 13
ROW Innovations is a washable beanie featuring a rechargeable LED light. Founder Raquel Graham secured a $200,000 investment for 15% equity from Kevin O’Leary and Peter Jones Summary:
-
- Company Name: ROQ Innovations
-
- Founder: Raquel Graham
-
- Founded: 2020
-
- Product: A washable beanie featuring a rechargeable LED light
-
- Asked For: $200,000 for 15% equity
-
- Final Deal: $200,000 for 20% equity, along with a $1 royalty per hat until they recouped $600,000
-
- Season/Episode (Shark Tank USA): Season 13, Episode 11
-
- Business Status: In Business
-
- Headquarters: Boston, Massachusetts, USA
-
- Lifetime Worth (Sales): $2.4 million in lifetime sales
-
- Investor: Kevin O’Leary and Peter Jones
-
- Go To Amazon: Buy Now
-
- Watch On: Amazon Prime
Shark Tank Pitch
- Satisfaction Guaranteed
- No Hassle Refunds
- Secure Payments
Description
ROQ Innovations On Shark Tank Update – Shark Tank Season 13
Raquel Graham presented her company, ROQ Innovations, on Shark Tank Season 13, seeking $200,000 for a 15% equity stake. She showcased her product, Head Lightz, a washable beanie featuring a rechargeable LED light designed for hands-free illumination during nighttime activities.
ROQ Innovations Deal and Offers
During her pitch, Raquel revealed that her company had achieved $2.4 million in lifetime sales, with projections of $1.7 million for the current year. Despite initial interest, concerns arose regarding her pending patent status, which had been filed in 2018. Ultimately, she secured a deal with Kevin O’Leary and Peter Jones for $200,000 for 20% equity, along with a $1 royalty per hat until they recouped $600,000 .
ROQ Innovations Post-Show Developments
Since appearing on the show, ROQ Innovations has experienced significant growth. The company has expanded its product line to include various items such as face masks, neck wraps, and a new flashlight glove called Handy Lightz. Raquel’s products have gained visibility through features on platforms like Good Morning America, The View, and Oprah’s List.
Currently, ROQ Innovations is thriving with a strong online presence, including sales on Amazon, where the Head Lightz beanie has received over 1,000 positive reviews. With the backing of two Sharks, the company is well-positioned for continued growth and innovation in the market.
