Bunch Bikes, a bike with baskets business, was started by Aaron Powell in 2015. As of September 2023, Bunch Bikes net worth is $2.4 million and they’re pulling in a whopping $4 million in annual revenue.
In April 2021, they appeared on season 12 of Shark Tank USA and made a deal with Barbara Corcoran, for $150,000 for 15% of equity. The final valuation was $1 million, down from the founder’s initial estimate of $2.5 million.
Bunch Bikes is still in business as of September 2023. They have a website, social media pages, and are still selling bikes. They also recently recalled a small number of their Preschool Electric Bicycles due to lead paint concerns, but they are working to replace the affected parts.
Bunch Bikes Net Worth
|Net worth||$2.4 million (2023)|
|Annual Sales Revenue||$4 million (2023)|
|Profits||Not publicly available|
|Lifetime sales||Not publicly available|
Bunch Bikes Net Worth Timeline
|Net Worth 2023||$2.4 million|
|Net Worth 2022||$3 million|
|Net worth valuation 2021 after appearing on Shark Tank||$1 million|
|Net worth valuation 2021 before appearing on Shark Tank||$2.5 million|
Bunch Bikes Pitch on Shark Tank
|Company name||Bunch Bikes|
|Product||Bikes with baskets for the whole family to ride|
|Episode||Season 12 Episode 18|
|Asked for||$250,000 for 10% equity|
|Final deal||$150,000 for 15% equity|
|Location||Dallas-Fort Worth Metroplex, Texas, US|
Don’t miss these product from Season 12
Bunch Bikes Founder
Bunch Bikes was founded by Aaron Powell in 2015. He is also the company’s CEO. He saw how these bikes allowed families to bike together, and he wanted to bring that same experience to the United States. Powell launched Bunch Bikes in 2015 with a single product, the Preschool Electric Bicycle. The bike quickly became popular among daycares, preschools, and large families.
Bunch Bikes’s founder, Aaron Powell, has a net worth of $3 million as of 2023.
|2019||Launches the Adventure Cargo Bike.|
|2021||Appeared on Shark Tank season 12 and Barbara Corcoran invested $150,000 for 15% equity|
|2022||Recalls a small number of its Preschool Electric Bicycles due to lead paint concerns.|
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 Bunch Bikes and its continued success.