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

Shark Tank US (Net Worth 2023 Update)S05E25 ilumi

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)
Lifetime sales
InvestorMark Cuban
FounderCorey Egan and Swapnil Bora

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 nameIlumi
ProductSmart LED light bulb
EpisodeSeason 05 Episode 25
FoundersCorey Egan and Swapnil Bora
Asked for$350,000 for 15% equity
Final deal$350,000 for 25% equity
SharkMark Cuban
LocationPlano, Texas

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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

2014Shark Tank pitch and securing a deal 
2016 Became a finalist of the LEDs Magazine Sapphire Awards 
2016 Won the Bluetooth Breakthrough Award 
2017Launched IFTTT platform 


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.