Lollacup, a stylish and functional sippy cup with a weighted straw, was started by Mark and Hannah Lim in 2010. As of October 2023, Lollacup net worth is $2 million. And they’re pulling in a whopping $2 million in annual revenue.
In April 2012, they appeared on season 3 of Shark Tank USA and made a deal with Robert Herjavec and Mark Cuban, for $100,000 for 40% of equity. The final valuation was $250,000, down from the founder’s initial estimate of $666,666.
Lollacup is still in business as of October, 2023. Their website is still active, and they continue to produce and sell their valve-free sippy cups on the website and Amazon.
Lollacup Net Worth
| Net worth | $2 million (2023) |
| Annual Sales Revenue | $2 million (2023) |
| Profits | Not publicly available |
| Lifetime sales | Not publicly available |
| Investor | Robert Herjavec and Mark Cuban |
| Founder | Mark and Hannah Lim |
| Employees | Not publicly available |
Lollacup Net Worth Timeline
| Net Worth 2023 | $2 million |
| Net Worth 2022 | $2 million |
| Net worth valuation 2012 after appearing on Shark Tank | $250,000 |
| Net worth valuation 2012 before appearing on Shark Tank | $666,666 |
Lollacup Pitch on Shark Tank
| Product | Stylish and functional sippy cup with a weighted straw |
| Episode | Season 03 Episode 12 |
| Founders | Mark and Hannah Lim |
| Asked for | $100,000 for 15% Equity |
| Company name | Lollacup |
| Final deal | $100,000 for 40% Equity |
| Sharks | Robert Herjavec and Mark Cuban |
| Location | Monrovia, California |
Don’t miss these product from Season 03
Lollacup Founders
Lollacup was founded by Mark and Hannah Lim in 2010. Mark Lim is a serial entrepreneur with over 20 years of experience in the consumer goods industry. Hanna Lim is a marketing and branding expert with over 15 years of experience. Lollacup’s founders, Mark and Hannah Lim, have a net worth of $1 million as of 2023.
Key accomplishments
| Year | Accomplishment |
| 2012 | Appeared on Shark Tank season 03 and Robert Herjavec and Mark Cuban invested $100,000 for 40% Equity |
| 2014 | Expanded product offerings to include new colors and designs of the Lollacup sippy cup |
| 2015 | Launched the Lollacup straw bottle |
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 Lollacup and its continued success.
