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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)
Profits
Lifetime sales
InvestorMark Cuban
FounderCorey Egan and Swapnil Bora
Employees

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

Don’t miss these products from Season 5

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

YearAccomplishment
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 

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 Ilumi and its continued success.

What do you think?

Written by GAG Team

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