"Cincha Travel" Net Worth 2023 Update

Cincha Travel, a travel belt and belt bag design brand, was started by James H. Baker and Ashley M. Sharma in 2019. As of January 2024, Cincha Travel net worth is $2 million and they’re pulling in a whopping $5 million in annual revenue. 

In April 2023, they appeared on season 14 of Shark Tank USA and made a deal with Barbara Corcoran for$100,000 for 25% of equity. The final valuation was $400,000, down from the founder’s initial estimate of $1.3 million.

Cincha Travel is still in business as of 2023. Jordan and Ashley were able to increase profitability and decrease their cost of acquiring new customers because of the show’s exposure. To know more about their business, visit their official website.

Cincha Travel Net Worth

Net worth$5 million (2023)
Annual Sales Revenue$2 million (2023)
ProfitsNot publicly available
Lifetime salesNot publicly available
InvestorBarbara Corcoran
FounderJames H. Baker and Ashley M. Sharma
EmployeesNot publicly available

Cincha Travel Net Worth Timeline

Net Worth 2024$5 million
Net Worth 2022$5 million
Net worth valuation 2023 after appearing on Shark Tank  $400,000
Net worth valuation 2023 before appearing on Shark Tank  $1.3 million

Cincha Travel Pitch on Shark Tank

ProductTravel belt and belt bag design brand
EpisodeSeason 14 Episode 19
Founders James H. Baker and Ashley M. Sharma
Asked for$200,000 For 15% Equity
Company nameCincha Travel
Final deal$100,000 for 25% Equity
Shark Barbara Corcoran
LocationOakland, California

Don’t miss these product from Season 14

Cincha Travel Founders

Cincha Travel was founded by James H. Baker and Ashley M. Sharma in 2019. James H. Baker serves as the Chief Executive Officer and brings extensive experience in marketing, branding, and sales. Ashley M. Sharma holds the position of Chief Marketing Officer and has a strong background in marketing, communications, and content creation.Cincha Travel’s founders, James H. Baker and Ashley M. Sharma, have a net worth of $1.5 million as of 2024.

Key accomplishments

YearAccomplishment
2023Appeared on Shark Tank season 14 and invested $100,000 for 25% Equity
2023Continuing to experience significant sales growth and building a loyal customer base.

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 Cincha Travel and its continued success.

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