What Happens to Beddley Duvet After the Shark Tank Pitch?
What is a Beddley Duvet?
Beddley Duvet is a company that created a one-of-a-kind cover that easily fits over a duvet using ties and zippers.
They come in two varieties: Sleep Easy and Zero Stress, both of which provide a simple solution to the complexities of fitting a duvet cover and are made of 100 percent Egyptian cotton.
A queen size cover is $139, and a king size cover is $149. The Zero Stress collection comes in three colours and costs $165 for a queen and $185 for a king.
The Beddley duvet cover has three sides that zip and unzip. There will be no more strain when you try to shove or jiggle the insert into the cover. Simply unzip the cover, place the insert on top, and rezip it.
It’s so easy that even someone with limited mobility can do it. It’s so simple that even youngsters can do it—and they might even enjoy it! The Beddley cover comes in three sizes: Twin/Twin XL, Full/Queen, and King/California King.
Who is the Beddley Duvet’s Founder?
Lola Ogden, an inventor, studied at Arizona State University and received her MBA from Columbia Business School.
Despite her STEM (chemical and physics) studies, her career has been mostly centred on finance and technology, with the majority of her experience in the financial industry.
This isn’t Ogden’s first venture into business; she previously established GapEnder, a women’s clothing solution for ensuring the best fit in dress shirts.
She was tired of putting her duvet into the duvet cover on a daily basis! She reasoned that there has to be a way to make the operation easier! Beddley assisted her in finding a solution.
The company’s goal is to provide solutions that address everyday problems and improve people’s quality of life.
What Happened to Beddley Duvet on Shark Tank Pitch?
Lola appeared on Shark Tank season 11 episode 18 in quest of $150,000 in exchange for a 10% share in her business. This equates to a $1.5 million valuation.
When she presents the items, the Sharks are just somewhat intrigued. When the Sharks discover she has only made $12,000 in sales for the year, they shiver and reject her evaluation.
Beddley has already featured in two Macy’s pop-up stores and is trying to get it on QVC.
Lori’s ears perk up when she hears the word QVC, and she proclaims that she feels it is of excellent quality. Unfortunately, she declares it’s not for her and is the first to depart without explaining why.
Mark loves the entrepreneur and the products, but not so much the sales figures. He then points out that she hasn’t budgeted for marketing sufficiently.
According to Daymond, marketing is a money trap. He says he thinks the product is a great idea, but he’s leaving since she hasn’t worked out her sales.
Meanwhile, Robert admires her entrepreneurial spirit and feels that everybody who starts a new business is taking a risk, but the entrepreneur hasn’t done a good enough job of outlining how Beddley would make his money, so he withdraws.
Finally, Mark believes that Beddley made the same mistake as many other new businesses in assuming that a lack of advertising is the only thing keeping major sales from occurring. As a result, he decides to withdraw.
Mr. Wonderful said nothing further about the offer other than, “No. Never. No. I’m out.” Which is something that entrepreneur can actually take back and use to her business.
Beddley was unable to reach an agreement with any of the sharks.
What Happens to Beddley Duvet After the Shark Tank Pitch?
Despite the fact that Beddley did get the deal, the firm is still in operation. As of June 2020, most items are out of stock due to the Covid-19 outbreak.
She’s back in business, with a total lifetime sales of $4 million as of June 2021.
She will resume selling on a “pre-order” basis in November 2021, with delivery “before Christmas.” Those packages did arrive in time for Christmas, and it appears that the supply chain issues have been resolved – at least for the time being.
What is Beddley Duvet’s Net Worth?
Lola appeared on Shark Tank season 11 episode 18 in quest of $150,000 in exchange for a 10% share in her business. This equates to a $1.5 million valuation.
Who are Beddley Duvet’s Competitors?
There are no competitors identified for Beddley Duvet.
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Beddley Duvet FAQS
1. When was Beddley Duvet aired on Shark Tank?
The episode was aired on April 3rd, 2020.
2. Where is Beddley Duvet located?
Beddley Duvet is located in Los Angeles, California.
3. What is Beddley Duvet’s price?
A queen size cover is $139, and a king size cover is $149. The Zero Stress collection comes in three colours and costs $165 for a queen and $185 for a king.
4. Who is Beddley Duvet’s competitor?
Charming Charlie.
5. Where can they buy Beddley Duvet?
They can buy a Beddley Duvet from their website
6. Who founded Beddley Duvet?
Lola Ogden, an inventor, studied at Arizona State University and received her MBA from Columbia Business School.
7. How much was Lola Ogden seeking in the Tank?
She was seeking $150,000 in exchange for 10% equity in the Company.
8. How much did they received in Shark Tank?
None of the Sharks were willing to invest in Beddley Duvet.
9. Is Beddley Duvet still in business?
Yes, it is still in business and In November 2021, she resume selling on a “pre-order” basis, with delivery taking place “before Christmas.”
10. How much is Beddley Duvet cost to purchase?
It cost $57.50 to create one Beddley and is sold for between $130 and $140.
11. Is Beddley Duvet authentic?
Yes, it is a 100% authentic brand and product.
12. What materials are Beddley Duvet made of?
The cover is soft, breathable microfiber, that’s machine washable. The insert is a mix of fleece and wool.
