This article is about BootayBag Net Worth and Other Information. Bootybag began as a women’s monthly underwear subscription. Subscribers receive selected bras and panties for a budget-friendly monthly fee.
Introduction The BootayBag
BootayBag is an exclusive women’s underwear subscription brand. It was established in the United States in 2016. The company operates on two models: subscription and regular purchase. Subscribers receive discounts and early access to new design collections.
They continuously introduce fresh designs every month, tailored to user feedback and demands. The monthly subscription starts at $10, and it includes one pair of underwear. The regular price for the same item stands at $24.
The Founders of BootayBag
Ellyette Gheno is the founder of BootayBag, a successful startup based in San Francisco, California, United States. Starting with a $300 loan, she created her website and promoted it on Instagram, receiving positive responses.
Originally from Colorado, Elly had plans to take over her mother’s hair salon, but she chose a different path. Her relentless efforts and determination yielded results, making BootayBag a million-dollar company.
It now ranks among the top 1000 fashion companies in the US. Throughout her entrepreneurial journey, she faced numerous challenges and struggles.
Establishing The Company (BootayBag)
In 2016, Elly Gheno came up with the concept of BootayBag. The idea started in 2016. Elly Gheno realized she had amassed more cosmetic products than she could ever use.
This abundance was due to her monthly subscription to a cosmetic box. The idea came to her when she noticed her surplus of cosmetic products from a monthly subscription box.
With a $300 small business loan, Elly Gheno swiftly launched her website. It didn’t take long for the site to start receiving orders, just within two days.
BootayBag Net Worth and Other Information
|Headquarters Location||San Francisco, California, United States|
|Asked for||$500k For 5% Equity|
|Final Deal||$500k For 10% Equity|
|Product||Women’s Underwear, Shopping, and Subscription|
|Air Date||Oct 23, 2020|
|Episode||Season 12 Episode 2|
|Company size||2-10 employees|
|Business Status||In Business|
|BootayBag Net Worth||$5 million|
BootayBag As A Public Figure – Social Media Influencer
|Social Media Site||Linked Destination|
|BootayBag Website||Click Here|
|BootayBag Facebook||Click Here|
|BootayBag Instagram||Click Here|
|BootayBag Twitter||Click Here|
|BootayBag Linkedin||Click Here|
|BootayBag Pinterest||Click Here|
BootayBag Before Shark Tank
Before Shark Tank, BootayBag was already successful. It was built upon a subscription-based underwear sales model with just a $300 loan.
Using this loan, the founder created a website for her underwear subscription small business. The website started receiving orders within two days.
During her appearance on Shark Tank, she disclosed impressive sales figures. She revealed generating $3 million in revenue within a year.
BootayBag Deal on Shark Tank
BootayBag founder, Elly Gheno, presented her business model convincingly to the Sharks on Shark Tank, sharing the product’s story. She asked for $500,000 in exchange for a 5% equity stake in her company.
The Sharks were stunned when Elly revealed her business’s impressive sales report. In just one year, she generated $3 million in revenue. Kendra Scott decided to invest in BootayBag, offering $500,000 for a 10% equity share in the company.
BootayBag After Shark Tank
BootayBag’s sales were already impressive, and founder Elly Gheno single-handedly started the business. When she appeared on Shark Tank, the sales rate surged significantly, as public interest grew.
The funding from Shark Tank was utilized for marketing and manufacturing. This investment led to remarkable outcomes for the company.
BootayBag Net Worth
As of 2023, BootayBag net worth is estimated at $5 million. If BootayBag maintains its current scaling trajectory in the next few years. It has the potential to evolve into a major company.
BootayBag Some of the Benefits
- Convenient: Never worry about running out of underwear with BootayBag.
- Affordable: Enjoy various subscription plans to suit your budget.
- Flexible: Easily skip a month or cancel your subscription whenever you need.
- Stylish: Choose from a variety of styles that cater to your preferences.
- Confidence-boosting: BootayBag fosters body positivity and self-confidence.
Don’t miss out on more of the same great content, check out our similar posts to “BootayBag Net Worth” now!
BootayBag Still In Business
BootayBag maintains its charitable contributions with every purchase. They support The Undies Project, a non-profit providing underwear to those in need.
The brand promotes body positivity on its Instagram page, engaging with 207,000 followers. They frequently showcase real people from their community. Additionally, BootayBag has an active Facebook community.
FAQ – BootayBag Net Worth
What is BootayBag net worth?
BootayBag net worth is approximately $5 million in 2023.
Who founded BootayBag?
The BootayBag founder is Elly Gheno.