in , ,

BabyQuip Net Worth 2023 Update (Before & After Shark Tank)

BabyQuip, a baby equipment rental service, was started by Fran Maier & Joe Maier in May 2016. As of October 2023, BabyQuip’s net worth is $15 million, and they’re pulling in a whopping $23 million in annual revenue. 

In March 2020, they appeared on Season 11 of Shark Tank USA, seeking $500,000 for 5%, valuing the company at $10 million. However, the Sharks were not interested in investing in BabyQuip. The sharks liked the idea but worried about the big future costs. They said it’s risky and will need even more money later.

As of October 2023, the company is still in business with $23 million in annual revenue. You can purchase their products on e-commerce channels such as their website and Amazon.

BabyQuip Net Worth

Net worth$15 million
Annual Sales Revenue$23 million
Profits
Lifetime sales$3.7 million before appearance Shark Tank Show
InvestorNone
FounderFran Maier & Joe Maier
Employees25 employees

BabyQuip Net Worth Timeline

Net Worth 2023$15 million
Net Worth 2022$15 million
Net Worth 2021$ 14.5 million
Net worth valuation 2020 before appearing on Shark Tank  $10 million

BabyQuip Pitch on Shark Tank

Company nameBabyQuip
Productbaby gear-providing company
EpisodeSeason 11 Episode 14
Founders Fran Maier & Joe Maier
Asked for$500,000 for 5%
Final dealNo Deal
SharkNone
LocationSanta Fe, New Mexico

Don’t miss these product from Season 11

BabyQuip Founders

BabyQuip was founded by Fran Maier & Joe Maier in 2016. They are mom and son. Fran Maier serves as the Founder and CEO of BabyQuip. Previously, she was the Board Chair from 2008 to 2014, President from 2009 to 2012, CEO & Founder from 2008 to 2009, and Executive Director from 2001 to 2008 at TrustArc. BabyQuip’s founders, Fran Maier & Joe Maier, have a net worth of 8.5 million USD as of 2023.

Key accomplishments

YearAccomplishment
2020In March 2020, the company bought Tot Squad, a company that cleans car seats
2021As of June 2021, the company operates in more than 600 cities and makes $9 million in revenue each year

In December 2021, the company joined forces with Hyatt, Vrbo, AvantStay, Blueground, Xplorie, Guesty, DACK, and others to introduce a host referral program

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 BabyQuip and its continued success.

What do you think?

Written by GAG Team

Bala Bangles Net Worth 2023 Update (Before & After Shark Tank)

The Best Places to Live in Virginia