What Happened to ROQ Innovation after Shark Tank Pitch?
What exactly is ROQ Innovation?
ROQ Innovation is a brand that makes practical, everyday items that make life easier.
HEADLIGHTZ, their best-selling item, is a beanie with an integrated LED light that also functions as a versatile utility.
HEADLIGHTZ is a rechargeable LED winter beanie that is perfect for outdoor running, dog walking, and a number of other practical and safety uses that require hands-free lighting.
Raquel has lofty goals for the future, including the creation of a slew of new, one-of-a-kind products in a variety of consumer markets.
Headlightz Beanies feature a one-of-a-kind built-in light. Because of its small size, our USB-rechargeable LED is both lightweight and detachable.
Choose from three brightness levels, and the battery will last 1.75 to 8 hours.
When charging, there are no cords to bother with. When the battery is fully charged, the light flashes and then solidifies.
The hat is one size fits most heads – from new-borns to adults – and is large enough to protect your ears. All of our beanies are comfortable, soft, and warm, regardless of fabric or colour.
Simply remove the light, and Headlightz may be washed in the washing machine! Dry on a low heat setting or hang to dry.
Headlightz are ideal for a variety of outdoor activities such as jogging, bicycling, hiking, fishing, and other activities.
We recommend having a backup in case of an emergency, such as power outages, ice storms, blackouts, hurricanes, or replacing your tires on the side of the road.
Who is the man behind ROQ Innovation?
Raquel Graham, the brains behind ROQ Innovation, graduated from Wesleyan University with a bachelor’s degree in history and economics before working as an operations analyst at J.P. Morgan.
She eventually established her own marketing agency, ROQ Marketing Group, where she worked as a Marketing Strategist and Consultant, and she was Vice President and Marketing Director at Ebony Media.
Raquel, keen to develop her career, balanced work and parenting while receiving her MBA from North-western University’s Kellogg School of Management, before founding her own business, ROQ Innovations, in 2009.
Raquel started ROQ Innovation in order to design products that would make coping with daily issues easier.
Raquel hopes to continue developing intriguing new products that, although simple to use, have a significant influence on people’s lives.
ROQ Innovation currently sells a variety of products on its website, including Nekz, a more manageable and less bulky alternative to scarves, Headlightz Beanies, which have a bright light attached to them, as well as light-up gloves and headbands.
The caps are perfect for walking or running at night. They come in a variety of colours, including tie dye.
Caps are $29.99, while “faux fur” scarves are $40. The headbands are $24.99, while the “glove lights” are $14.99.
What Happened to ROQ Innovation during Shark Tank?
Racquel went on Shark Tank Season 13 Episode 11 in quest of $200,000 in exchange for a 15% share in her company. This works out to a $1.3 million valuation.
She talks about how important it is to have hands-free illumination at night. She pulls out a Headlightz cap and encourages the Sharks to sample their wares.
It’s “bright,” according to Lori. Daymond dresses in a sideways fashion. She has an HSN shop. Racquel said during her presentation that her lifetime sales totalled $2.4 million.
Her products have been on the Oprah Winfrey Show, the Home Shopping Network, and other television networks.
She earned $1.4 in Headlightz last year and anticipates earning $1.7 this year (2021).
Her prices range from $14.99 to $24.99 on her website and Amazon. Raquel speaks with the Sharks about the “O List” and Good Morning America. On HSN, she often offers items ranging in price from $25,000 to $40,000.
Raquel is struggling to keep up. Mr. Wonderful wonders whether she has key man insurance.
Since 2018, her patent application has been pending. She’s “all over the place,” according to Peter. He believes she needs the help of a supercharged entrepreneur.
Kevin says he’ll make her a proposal. He believes she has uncontrollable chicken energy.
He provides $200,000 in return for a $2 royalty on each hat until he recoups his investment, at which point the royalty is reduced to $1 in perpetuity.
She fell sick with fungal pneumonia in the summer of 2016, which led to a stroke.
She took off soon after she recovered from her illness. She was irritated by the bizarre chicken joke, she recalls as she sobs as she recounts her experience.
Kevin says something out of affection for Daymond, not to upset him. Peter is smitten with her. He promises to be able to help her sell it all over the world.
Following a brief delay, Peter makes a $200,000 offer for a 25% share in the firm. Raquel has indicated that she dislikes royalties.
Lori believes she did something similar, therefore she’s out. Mark claims he’s going because he doesn’t feel he can contribute anything worthwhile.
Daymond is leaving because he feels someone is going to come for her patent.
Raquel has taken Peter by surprise, and he recalls how, at the age of 28, he lost everything.
He promises he’ll split the profits with Mr. Wonderful. Kevin and Peter exchanged looks, and Raquel was perplexed.
They offer $200,000 in exchange for 20% plus a $1 royalty on each unit until they recoup $600,000. “Deal,” says Raquel.
What Happened to ROQ Innovation Following their Shark Tank Pitch?
Raquel Graham exited the Tank with two deals with the Sharks, and they are still in business.
What is ROQ Innovation’s net worth?
Racquel went on Shark Tank Season 13 Episode 11 in quest of $200,000 in exchange for a 15% share in her company. This works out to a $1.3 million valuation.
She accepted Kevin and Peter’s offer of $200,000 for 20% plus a $1 royalty on each unit until they regain $600,000, bringing the price to $1 million.
What Happened to STEM Center USA after the Shark Tank?
What Happened to Singtrix after the Shark Tank Pitch?
Who are ROQ Innovation’s competitors?
ROQ Innovation does not have any competitors?
ROQ Innovation FAQS
1. What is ROQ Innovation?
ROQ Innovation is a company that produces products, including Headlightz Beanies, light-up gloves, as well as Nekz scarves. The caps are perfect for walking or running at night.
2. Where is ROQ Innovation based?
ROQ Innovation is based in Chicago, Illinois, USA
3. Who founded ROQ Innovation?
ROQ Innovation was founded by Raquel Graham in 2009.
4. How much did she ask for in the Shark Tank?
Racquel demanded $200,000 in exchange for a 15% ownership in her company. This equates to a $1.3 million valuation.
5. Did she get the deal from the Sharks?
She accepted Kevin and Peter’s offer of $200,000 for 20% plus a $1 royalty each unit until they regain $600,000, bringing the worth to be $1 million.
6. What episode of Shark Tank was ROQ Innovation featured?
ROQ Innovation was aired on January 14th, 2022 on episode 11 of season 13.
7. How can people get in touch with ROQ Innovation?
They may contact ROQ Innovation by visiting the company’s website at www.roq-innovation.com
8. What is the company’s return policy?
Customers may return in good condition goods sold and refilled by ROQ Innovation for a reimbursement within 30 days of delivery.
Returns must be in their original, unworn condition. The customer is responsible for the cost of return shipping.
9. Is ROQ Innovation still in business?
ROQ Innovation is still in business and producing products (Headlightz Beanies, Light-up Gloves, Scarves, and Clothes).
10. Where can one buy ROQ Innovation products?
They can purchase ROQ Innovation’s product from the Company’s website, www.roq-innovation.com or from their Amazon Store.
