KaZam created a balance bike designed to teach kids how to ride without using training wheels. Its unique footrest lets children develop balance and coordination naturally, making the transition to pedal bikes easy and fun. Parents love how KaZam turns learning to ride into a stress-free and exciting experience for kids.
KaZam appeared on Shark Tank in 2013 and received a $300,000 offer from Mark Cuban and Barbara Corcoran for 32% equity. However, the deal was never finalized after filming. Despite this, the show’s exposure helped KaZam secure partnerships with major retailers like Walmart and Target.
As of 2025, KaZam continues to thrive, offering innovative bikes and accessories for children. With a net worth of $5 million, the company remains privately owned and a trusted name in kids’ biking solutions.
KaZam Net Worth
Net worth | $5 million (2024) |
Annual Sales Revenue | $5 million |
Investor | Barbara Corcoran and Mark Cuban |
Founder | Mary Beth Lugo |
Employees | 10 – 25 |
KaZam Pitch on Shark Tank
Company name | KaZam |
Product | Two-wheeled balanced bicycle for kids |
Episode | Season 04 Episode 24 |
Founder | Mary Beth Lugo |
Asked for | $300,000 for 20% Equity |
Final deal | $300,000 for 32% Equity |
Sharks | Barbara Corcoran and Mark Cuban |
Location | Fairfield, New Jersey |
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KaZam Founder
Mary Beth Lugo founded KaZam. Mary is an entrepreneur with a background in Sales. She is a mother, and she got the inspiration for KaZam through his three-year-old son who could ride two-wheeled bicycles with good balance.
KaZam’s founder Mary Beth Lugo has a net worth of 5 Million USD as of 2023.
Key accomplishments:
Year | Accomplishment |
2015 | Shark Tank pitch and getting a deal |
2015 – 2023 | Distributing the product to over 20 countries |
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 KaZam and its continued success.