What Happened to Raising Wild Swimwear After Shark Tank?
What is Raising Wild Swimwear?
Raising Wild Swimwear is a clothing line that specializes in swimwear and bathing suits for swimming in the wilderness. According to the firm, humanity invented swimsuits to make it simpler to enjoy the water.
However, for animals, this habit might be harmful because they are only built to travel in one direction: downward. The firm began by devising a solution to this problem with its Swim-Suits-for-Wildlife line.
Raising Wild is a swimsuit company started by two sisters from Florida, Rachelle Hyde and Kara Haught. The firm manufactures all-around swimsuits that are designed for fit, fashion, and function.
The sisters are dedicated to getting those who are secure in their swimwear out of their beach chairs and dropping their towels to raise their special sort of crazy by delivering swimsuits to both adults and children. The suits are designed to provide comfort and elegance, allowing the wearers to feel confident and sophisticated.
Raising Wild Swimwear was started by whom?
Raising Wild is a swimsuit company started by sisters Rachelle Hyde and Kara Haught from Florida.
The two sisters grew up in Florida, where they spent their days dressed up in beach outfits. They launched their company with the intention of offering attractive swimming suits for women that “embrace movement.”
They stayed in their bathing suits while they weren’t at the beach, fishing, wake surfing, or otherwise enjoying the Florida outdoors!
A swimming suit is akin to a pair of jeans to a Floridian. Their early years were also spent watching their mother sew.
In 2015, they decided to follow in their mother’s footsteps and design their own line of bathing suits that were both fashionable and allowed for some range of motion while partaking in outdoor activities.
While the Raising Wild swimming suits are exquisite and alluring, they also enable women to cultivate their own wild.
What Happened to Raising Wild Swimwear’s Shark Tank pitch?
Kara and Shelly made the decision to propose their product to Shark Tank investors in order to get funds for research and manufacture.
Kara and Shelly entered the Shark Tank seeking $100,000 for a 20% stake in their company, which is worth $500,000.
They tell their story, hand out samples, and start answering questions about their sales.
They claim to have produced $130,000 in lifetime sales and to have handled all social media marketing up to this point. Profit margins are healthy: suits are manufactured for $38 and sold for between $130 and $160.
They need money for marketing, but Mark says they also need a plan. Kevin declares that there is nothing worthwhile to invest in and exits immediately.
Mark feels that their planned expansion into children’s swimwear was too much, too fast, and he also went out.
Mark feels that their planned expansion into children’s swimwear was too much, too fast, and he also went out. Lori thinks it’s a lot of work, and she’s also out. Robert claims that it is too soon, and he, along with the other four Sharks save Barbara, only remains from the deal.
Barbara offers $100,000 in return for a 51% stake in the firm, subject to the suits selling for $99.
The girls reply with a 35% stake in the company, and they ultimately agree to a 50% ownership in the company and a 50% split with Barbara, and they all strike a deal.
Raising Wild Swimwear: What Happened After Shark Tank?
Kara and Shelly closed the deal with Barbara after striking a deal during the pitch. The first year after their debut, they sold $400,000 in suits. Since Barbara’s investment, the business has developed steadily.
They have moved into children’s swimwear as of May 2021, with total lifetime sales topping $25 million.
Raising Wild Swimwear’s Net Worth
During the pitch, the firm was valued at $500,000; following Barbara’s investment, the company was valued at $200,000. Since its beginning in 2021, the firm has generated revenue of $25 million, indicating that its net worth might have more than that of pitch.
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Raising Wild Swimwear FAQs
What kind of suit designs are they offering?
Raising Wild Swimwear offers a wide range of products, including single-piece bathing suits and two-piece suits; one-shoulder bathing suits and halter bathing suits; cut-out swimsuits and tannins.
Why did they make their business?
Raising Wild Swimwear was started by sisters from Florida, who grew up in the beach life. They wanted to offer stylish swimsuits that let you move with ease and feel fashionable.
What are the products made of?
Raising Wild Swimwear is made from a variety of fabrics and other materials that offer durability, style, and flexibility.
Are they in production?
They have a small production of their swimsuits on the West Coast. They plan to expand into children’s swimwear production as well as enter an e-commerce website.
What are the prices?
The swimsuits range in price from $130 to $160.
What is Raising Wild Swimwear return policy?
The company’s return policy allows for exchanges or store credits within 28 days of delivery.
What is the colors produce by Raising Wild Swimwear?
The colors used by the company are white, shades of grey, black, red, and mint.
What is one of their other products?
They also offer sunglasses from their Sport line collection.
What is one of their other investments?
Raising Wild Swimwear also plans to expand into children’s swimsuits in addition to entering an e-commerce website.
What is Raising Wild Swimwear warrant?
They offer a limited warranty on all swimwear that has a material and workmanship defect for a period of 1 year from the date of purchase.
What is the shipping cost of Raising Wild Swimwear?
The company has fairly inexpensive shipping and returns policy that allows for exchanges or store credits within 28 days of delivery.
How does Raising Wild Swimwear make money?
Raising Wild Swimwear offers a wide range of products, including single-piece bathing suits and two-piece suits; one-shoulder bathing suits and halter bathing suits; cut-out swimsuits and tannins.
Where are they based?
The company is based in Las Vegas, Nevada.
What is the target market of Raising Wild Swimwear?
Raising Wild Swimwear is popular with adult women, in particular those who are interested in wearing fashionable swimsuits.
Is Raising Wild Swimwear part of a franchise?
Raising Wild Swimwear is not associated with any franchise restaurant or non-profit organization.
What are the credentials of Raising Wild Swimwear?
The majority of the principals in Raising Wild Swimwear have backgrounds in fashion design, marketing, and retail sales.
How do I make payment to Raising Wild Swimwear?
They accept payments by any of the major credit cards, as well as by check.
