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) |
| Investor | Mark Cuban |
| Founders | Andrea Sreshta and Anna Stork |
| Employees | 1-10 employees |
LuminAID Net Worth Timeline
| Net Worth 2023 | Not 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 name | LuminAID |
| Product | Solar powered inflatable light |
| Episode | Season 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 |
| Location | Chicago, 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
| Year | Accomplishment |
| 2013 | The 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. |
| 2015 | The company appeared on Shark Tank Season 06 and got the deal from Mark Cuban |
| 2016 | LuminAID received a patent from the United States Patent Office in 2016 for their lighting technology |
| 2021 | In 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.
