Lumio, Lighting Solutions, was started by Max Gunawan in 2012. As of September 2023, Lumio’s net worth is $5 Million and they’re pulling in a whopping $350,000 in annual revenue.
On January 16, 2015, they appeared on Season 6 of Shark Tank USA and made a deal with Robert Herjavec, for $350,000 for 10% equity. The final valuation was $3.5 Million, up from the founder’s initial estimate of $3.1 Million.
Lumio Lights company is still in business. Their products are available on the official website and Amazon.
Lumio Net Worth
| Net worth | $5 Million (2023) |
| Annual Sales Revenue | $350,000 (2022) |
| Profits | – |
| Lifetime sales | – |
| Investor | Robert Herjavec |
| Founder | Max Gunawan |
| Employees | 27 |
Lumio Net Worth Timeline
| Net Worth 2023 | $5 Million |
| Net Worth 2022 | $4 Million |
| Net Worth 2021 | $3.5 Million |
| Net Worth 2020 | $3 Million |
| Net worth valuation in 2015 after appearing on Shark Tank | $3.5 Million |
| Net worth valuation in 2015 before appearing on Shark Tank | $3.1 Million |
Lumio Pitch on Shark Tank
| Company name | Lumio |
| Product | Lighting solutions |
| Episode | Season 06 Episode 06 |
| Founder | Max Gunawan |
| Asked for | $250,000 for 8% equity |
| Final deal | $350,000 for 10% equity |
| Shark | Robert Herjavec |
| Location | Fullerton Ave, Chicago |
Don’t miss these products from Season 6
Lumio Founder
Lumio was founded by Max Gunawan in 2012. Max Gunawan became an entrepreneur by accident. He wants to make things beautiful and eye catching so thats why he wanted to start this company. Lumio’s founder, Max Gunawan, has a net worth of USD 5 Million as of 2023.
Key accomplishments
| Year | Accomplishment |
| 2022 | Lumio Lights won several awards for its innovative designs |
| 2020 | Lumio Lights company featured in shark tank |
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 Lumio and its continued success.
