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)|
|Founder||Corey 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
|Product||Smart LED light bulb|
|Episode||Season 05 Episode 25|
|Founders||Corey Egan and Swapnil Bora|
|Asked for||$350,000 for 15% equity|
|Final deal||$350,000 for 25% equity|
Don’t miss these products from Season 5
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.
|2014||Shark Tank pitch and securing a deal|
|2016||Became a finalist of the LEDs Magazine Sapphire Awards|
|2016||Won the Bluetooth Breakthrough Award|
|2017||Launched 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.