Ilumi is a smart LED light bulb. This was started by Corey Egan and Swapnil Bora in 2011. As of October 2023, Ilumi net worth is $5 million. They’re pulling in a whopping $5 million in annual revenue.
In April 2014, they appeared on Season 5 of Shark Tank USA and made a deal with Mark Cuban for $350,000 for 25% of equity. The final valuation was $1.4 million, down from the founder’s initial estimate of $2.3 million.
Ilumi LED light bulbs gained much popularity in market after the Shark Tank pitch. If you want to purchase programmable, color-changing, smart light bulbs checkout their website.
Ilumi Net Worth
| Net worth | $5 million (2023) |
| Annual Sales Revenue | $5 million (2023) |
| Profits | – |
| Lifetime sales | – |
| Investor | Mark Cuban |
| Founder | Corey Egan and Swapnil Bora |
| Employees | – |
Ilumi Net Worth Timeline
| Net Worth 2023 | $5 million |
| Net Worth 2022 | $5 million |
| Net Worth 2021 | – |
| Net Worth 2020 | – |
| Net worth valuation in 2014 after appearing on Shark Tank | $1.4 million |
| Net worth valuation in 2014 before appearing on Shark Tank | $2.3 million |
Ilumi Pitch on Shark Tank
| Company name | Ilumi |
| Product | Smart LED light bulb |
| Episode | Season 05 Episode 25 |
| Founders | Corey Egan and Swapnil Bora |
| Asked for | $350,000 for 15% equity |
| Final deal | $350,000 for 25% equity |
| Shark | Mark Cuban |
| Location | Plano, Texas |
Don’t miss these products from Season 5
Ilumi Founders
Ilumi was founded by Corey Egan and Swapnil Bora in 2011. These two college friends had the passion to start their own business from a young age. They could eventually build a an award winning product as successful entrepreneurs. Ilumi’s founders Corey Egan and Swapnil Bora have a net worth of 3.75 Million USD as of 2023.
Key accomplishments
| Year | Accomplishment |
| 2014 | Shark Tank pitch and securing a deal |
| 2016 | Became a finalist of the LEDs Magazine Sapphire Awards |
| 2016 | Won the Bluetooth Breakthrough Award |
| 2017 | Launched IFTTT platform |
Conclusion
From their beginnings on Shark Tank to their current status as a thriving business, they have proven that with the right idea and execution, anything is possible. We can’t wait to see the future for Ilumi and its continued success.
