Monti Kids, once a thriving Montessori-based educational toy company that appeared on Shark Tank, is now out of business. Despite its initial success and securing a $200,000 investment from Shark investor Kevin O’Leary, the company faced challenges that led to its closure.
Monti Kids had raised additional funds through crowdfunding and private investors but struggled to maintain profitability in a competitive market. As of the latest update, Monti Kids’ net worth is no longer available, and the business is officially closed, leaving a legacy of innovative learning tools for early childhood development.
The company had a net worth of $8 million as per business valuation.
Monti Kids Net Worth
| Estimated Net worth | $8 million (2019) Business valuation |
| Annual Sales Revenue | $2.6 million (2023) |
| Lifetime Sales | Not available |
| Investor | Kevin O’Leary |
| Founder | Zahra Kassam |
| Employees | 25 employees |
Monti Kids Net Worth Timeline
| Net Worth 2024 | Out of business |
| Net Worth 2023 | $6.5 million |
| Net Worth 2022 | $6.5 million |
| Net worth Valuation 2019 before appearing on Shark Tank | $8 million |
| Net wort Valuation 2019 after appearing on Shark Tank | $8 million |
Monti Kids Pitch on Shark Tank
| Company name | Monti Kids |
| Product | An app where kids can learn different things by paying a monthly fee. |
| Episode | Season 10 Episode 12 |
| Founder | Zahra Kassam |
| Asked for | $200,000 for 2.5% equity |
| Final deal | $200,000 for 2.5% equity + $2.50 royalty until $600,000 repaid |
| Shark | Kevin O’Leary |
| Location | USA |
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Monti Kids Founder
Monti Kids was founded by Zahra Kassam in 2014. Zahra started Monti Kids because she wanted to help kids learn from when they are babies until they start preschool. So she picked toys that give a real Montessori education. Zahra did well in her studies, and she got a top psychology grade from Harvard and also earned a master’s degree from the Harvard Graduate School of Education. Monti Kids’s founder, Zahra Kassam’s net worth is unknown as of 2024 since Monti Kids is no longer functioning.
Key accomplishments
| 2019 | Monti Kids appeared Shark Tank Season 10. |
| 2023 | As of August 2023, Monti Kids earned $2.6 Million as annual revenue. |
Conclusion
Some companies that appear on the show have not achieved great success, and the Monti Kids was one of them. Sometimes businesses don’t succeed because of many reasons. Sometimes, the deal falls through after the founders say yes on camera. Or, as you’ll see, sometimes things happen to the founders themselves, and they choose to abandon the business. Anything is possible. However, Monti Kids went out of business in 2023. And the product is no longer available in the market.
