Jiggy Puzzle is a revolutionary Jigsaw puzzle-creating company. It has a net worth of $4 million as of September 2023 and appeared on Shark Tank season 12, episode 22. So, the founder Kaylin Marcotte entered the Shark Tank hoping for $500,000 for 5% of her company. But finally, she secured a deal of $500,000 for 15% with Mark Cuban.
And with the attention received from the Shark Tank, Jiggy Puzzle is still in business in June 2023. With the huge support from social media platforms, it received around $1 million in annual sales.
But how did Jiggy Puzzle become this success after the years? Stay till the end of the article to find out more.
- 1. What Is Jiggy Puzzle Net Worth in 2023?
- 2. Jiggy Puzzle Shark Tank Pitch
- 3. What is Jiggy Puzzle?
- 4. Who Is The Founder Of Jiggy Puzzle?
- 5. What happened to Jiggy Puzzle in Shark Tank?
- 6. What Happened To Jiggy Puzzle After Shark Tank?
- 7. Is Jiggy Puzzle still in business?
- 8. Jiggy Puzzle Product review
- 9. FAQ
What Is Jiggy Puzzle Net Worth in 2023?
Jiggy Puzzle’s net worth is $4 million as of 2023 September. And the company was evaluated at around $10 million when it appeared on Shark Tank in 2019. Also, it continued to have around $ 4 million yearly revenue from 2020 -2022. And it continued to have around $ 2.5 million in annual revenue this year.
Now the company mainly focuses on creating original products of different artists. Followingly it offers jigsaw puzzles with different themes. However, the product mainly aimed to provide female artists worldwide with a way to express their skills while giving mental relief to the buyers.
Jiggy Puzzle Shark Tank Pitch
|Company Name||Jiggy Puzzles|
|Products||Jigsaw puzzles created by local artists and international artists|
|Asked For||$500k for 5% equity|
|Final Deal||$500k for 15% equity|
|Episode||Season 12, Episode 22|
|Business Status||Still in business|
|Net worth||$4 million (As of September 2023)|
|Location||New York, US|
What is Jiggy Puzzle?
Jiggy Puzzle is a jigsaw puzzle-creating company based in New York, USA. The founder was inspired by the mental relief received from creating jigsaw puzzles. And the company originated in 2015. It is also aiming for high-quality jigsaw puzzles with an original artistic approach.
A typical puzzle has 500- 1000 pieces. And The company focuses on supporting female artists in New York and worldwide. So it donates part of its sales to the artists. People can easily buy Jiggy puzzle products on the company’s official site or from retailers like Amazon, Bloomingdales, Nordstrom, and Anthropologie. Following that, they can also select puzzles according to their favorite theme.
Who Is The Founder Of Jiggy Puzzle?
Kaylin Marcotte is the founder and CEO of the Jiggy Puzzle company, and her net worth is 500K USD as of 2023 September. She is a graduate of Bachelor of Arts at Barnard College. Also, she worked as a director of marketing and community at TheSkimm company. She got the inspiration after her own experience with Jigsaw Puzzles, and she was excited about their stress-releasing ability of people.
Also aimed to support young female artists through her business and hopes to expand to more retail and wholesale this year.
What happened to Jiggy Puzzle in Shark Tank?
Kylin entered Shark Tank hoping for $500,000 for 5% of her company. Firstly, she gave an amazing introduction about her inspiration for creating the company. And the sharks were happy to hear her aim of empowering female artists.
Also, they were happy to hear about her success during the pandemic. However, Robert Hejavec and Daniel Lubetzky decided to drop the deal first. And Kevin O’Leary offered to invest $100,000 for 1% ownership and to borrow an additional $400,000 at 10% interest for a total of 26% equity. But Mark Cuban offered $500,000 in exchange for 15% of the company. And Kaylin finally accepted the offer.
What Happened To Jiggy Puzzle After Shark Tank?
Jiggy Puzzle received more attention as soon as the show officially aired. And the company had made $1.6 million in just nine months when it appeared on the show. And hoping for a $900,000 profit. This increased the company’s valuation to $10 million at the time. However, now the company is estimated to be around $4 million.
But it expanded and collaborated with Anthropologie and retailers like Bloomingdales, Amazon, Nordstrom, Macy’s, Paper Source, and Noble. It then featured Ellen DeGeneres, Forbes, and many other popular media platforms. Also, now the company focuses on creating original products with the Jiggy Club subscription service. And these made the companies business long run for years.
Is Jiggy Puzzle still in business?
Jiggy Puzzle was successful in business in September 2023. And according to our research online, the company’s net worth is estimated at around $4 million this year.
Following this, it managed to maintain around $1 million in yearly revenue in recent years. However, this year’s revenue has yet to be disclosed to the media.
Jiggy Puzzle Product review
Jiggy Puzzle has received positive reviews since the beginning of the business. So it continuously stayed at five-star rates in many online retailers like Amazon. According to thingtesting.com, Jiggy Puzzle has over four stars.
Also, many customers are happy with the quality of the product. Not only that, they praised the variety of available themes. Following this, many recommended the product as a gift and were happy with the facilities they received with the Jiggy Club subscription.
Jiggy Puzzle is still in business in 2023. And the company is worth $4 million this year.
Kaylin Marcotte is the founder and owner of the Jiggy Puzzle Company.
The average payment for puzzle makers in the United States is around $17 per hour.