BZBox, a collapsible storage solution pitched by Kaeya Majmundar on Shark Tank in 2014, initially secured a deal with Lori Greiner for $50,000 in exchange for 40% equity.
Despite the promise shown during the pitch, BZBox struggled to gain market traction. Although it won several entrepreneurial awards and garnered interest from retailers, the company ultimately went out of business in 2019.
At its peak, BZBox was valued at $250,000, but it is no longer operational as of 2024.
BZBox Net Worth
| Estimated Net worth | $250,000 (2014) Business Valuation |
| Annual Sales Revenue | Not available |
| Lifetime sales | Not available |
| Investor | Lori Greiner |
| Founder | Kaeya Majmunder |
| Employees | Not available |
BZBox Pitch on Shark Tank
| Product | Collapsible home storage box |
| Episode | Season 05 Episode 29 |
| Founder | Kaeya Majmunder |
| Asked for | $50,000 for 20% Equity |
| Company name | BZBox |
| Final deal | $50,000 for 40% Equity |
| Shark | Lori Greiner |
| Location | USA |
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BZBox Founder
BZBox was founded by Kaeya Majmunder in 2014.The net worth of BZBox’s founder, Kaeya Majmunder, is unknown as of 2024, since the business is no longer functioning.
Key accomplishments
| Year | Accomplishment |
| 2014 | Appeared on Shark Tank season 5 and Lori Greiner invested $50,000 for 40% Equity. |
| 2016 | Won the Product of the Year award from Parents Magazine. |
| 2017 | Launched a new line of BZBox storage accessories. |
Conclusion
Some companies that appear on the show have not achieved great success, and the BZBox was one of them. Sometimes businesses don’t succeed because of many reasons. Sometimes, the deal falls through after the founders say yes on camera. Or, as you’ll see, sometimes things happen to the founders themselves, and they choose to abandon the business. Anything is possible. However, BZBox went out of business in 2019. And the product is no longer available in the market.
