Quikflip, 2-in-1 quick flipping backpack hero hoodie, was started by Rener Gracie in 2017. As of September 2023, Quikflip net worth is $4 Million and they’re pulling in a whopping $4 Million in annual revenue.
In May 2019, they appeared on Season 10 of Shark Tank USA and made a deal with Lori Greiner, for $250,000 cash and $250,000 loan for 10% equity. The final valuation was $2.5 Million, down from the founder’s initial estimate of $10 Million.
In September 2023, Quilflip is still in business. You can purchase their products from the company website and other e-commerce channels.
Quikflip Net Worth
|Net worth||$4 Million|
|Annual Sales Revenue||$4 Million|
|Lifetime Sales||Not clearly available|
|Shark Tank Investor||Lori Greiner|
|Employees||Over 25 employees|
Quikflip Net Worth Timeline
|Net Worth 2023||$4 Million|
|Net Worth 2022||$3.7 Million|
|Net Worth 2021||$3.2 Million|
|Net Worth 2020||$3 Million|
|Net worth valuation 2019 after appearing on Shark Tank||$2.75 Million|
|Net worth valuation 2019 before appearing on Shark Tank||$10 Million|
Quikflip Pitch on Shark Tank
|Product||2-in-1 quick flipping backpack hero hoodie|
|Episode||Season 10 Episode 23|
|Asked for||$500,000 for 5% equity|
|Final deal||$250,000 cash and $250,000 loan for 10% equity|
|Location||Torrance, California, United States.|
Quikflip was founded by Rener Gracie in 2017. Rener tried to spent his life with the most efficient ways to neutralize aggressive context in real life. One thing was the lack of ways to carry an unworn hoodie. He finally decided to make a 2-in-1 Quick flipping backpack hero hoodie. Quikflip’s founder, Rener Gracie has a net worth of 5 Million USD as of 2023.
|2019||Appeared on Shark Tank season 10 episode 23.|
Named as one of the best inventions on Time Magazine.
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 Quikflip and its continued success.