Shark-Tank-US-Net-worth-UpdateLuminAID
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LuminAID Net Worth 2023 Update (Before & After Shark Tank)

LuminAID, a solar powered inflatable light, was started by Andrea Sreshta and Anna Stork in 2010. LuminAID’s net worth was $1.3 million in 2015 based on the Shark Tank deal.

In February 2015 they appeared on Season 06 of Shark Tank USA and made a deal with Mark Cuban, $200,000 for 15% Equity .

In November 2021, Luminaid was acquired for an undisclosed sum by Adventure Ready Brands. However, the company is still in business as of October 2023 and, you can purchase products on e-commerce channels such as their website and Amazon.

LuminAID Net Worth

Net worth$7 million (2022)
Annual Sales Revenue$5.5 Million
Profits
Lifetime sales$2 million (2015)
InvestorMark Cuban
FoundersAndrea Sreshta and Anna Stork
Employees1-10 employees

LuminAID Net Worth Timeline

Net Worth 2023Not Disclosed
Net Worth 2022$7 million
Net Worth 2021$6.5 million
Net Worth 2020$6 million
Net worth valuation 2015 after appearing on Shark Tank  $1.3 million
Net worth valuation 2015 before appearing on Shark Tank  $2 million

LuminAID Pitch on Shark Tank

Company nameLuminAID
ProductSolar powered inflatable light
EpisodeSeason 06 Episode 20
Founders Andrea Sreshta and Anna Stork
Asked for$200,000 for 10% Equity
Final deal$200,000 for 15% Equity
Shark Mark Cuban
LocationChicago, Illinois

Don’t miss these product from Season 06

LuminAID Founders

LuminAID was founded by Andrea Sreshta and Anna Stork in 2010. Anna Stork and Andrea Sreshta developed this technology in 2010 as a response to the 2010 Haiti earthquake while studying at Columbia Graduate School of Architecture, Planning, and Preservation. They later witnessed the destruction caused by significant disasters during a school trip in March 2011 during the earthquake in Japan. LuminAID’s founders, Andrea Sreshta and Anna Stork, net worth are unknown as of 2023.

Key accomplishments

YearAccomplishment
2013The product claimed top prizes in various business contests, such as the $100K Midwest 2013 Clean Energy Challenge, the William James Business Plan Competition, and the Chicago Booth School of Business Social New Venture Challenge.
2015The company appeared on Shark Tank Season 06 and got the deal from Mark Cuban
2016LuminAID received a patent from the United States Patent Office in 2016 for their lighting technology
2021In July 2021, LuminAID’s website offered nine various solar lanterns for purchase, in addition to a solar speaker

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 LuminAID and its continued success.

What do you think?

Written by GAG Team

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