“Roq Innovation” Net worth Update (Before & After Shark Tank)

“Roq Innovation” Net worth Update (Before & After Shark Tank)

“Roq Innovation” got featured on Shark Tank USA in 2021 November. It was founded by Raquel Graham.

Roq Innovation Net Worth in 2022

Here is an update on Roq Innovation’s net worth so far.

Roq Innovation’s Net worth before appearing on Shark Tank1.3 Million USD (business valuation)
Roq Innovation’s Current Net worth (2022) 4 Million USD

Roq Innovation’s founder Raquel Graham has a net worth of 2.8 Million USD as of 2022

Updated:

Shark Tank contest is a hub that adds value to innovative businesses. Thousands of success stories belonging to Shark Tank appeared in businesses all over the world. 

It not only adds value. It also helps to attract more and more customers too. So, today we are here to explore another Shark Tank success story. Let’s see Roq Innovation Net Worth and what Happened To Roq Innovation After Shark Tank.

What is Roq Innovation?

Roq Innovation is a company that creates innovative goods that fit our daily needs. Their every product is a solution to a problem we face in our day-to-day life. 

Their top-selling product is HEADLIGHTZ. It is an innovative hands-free LED light solution. Along with that product, there are various innovative products in the company product list.

Who is the owner of Roq Innovation?

Raquel Graham is the owner and founder of Roq Innovation. She has a bachelor’s degree in history and economics from Wesleyan University.

Founder Raquel Graham worked for a few companies before launching her Roq Innovation company. She created that brand because she wanted to simplify the daily challenges of everyone. 

What happened at the Shark Tank

In Season 13 of Shark Tank, Racquel Graham introduced Roq Innovations to negotiate $200,000 for a 15% equity deal. Racquel mentioned her lifetime sales of $2.4 million during her pitch. Her goods have appeared on numerous television shows, including Home Shopping Network and Oprah’s list. 

Before Racquel disclosed that her patent for Head Lightz was still pending, the sharks were on board with her. The fact that it was filed in 2018 and is still pending worries the sharks.

Kevin O’Leary, however, expressed interest and proposed. He made a $200,000 offer but demanded no equity. Instead, he proposed a royalty arrangement of $2 per hat up to 200,000 income, followed by $1 per hat forever. Peter Jones, a guest shark, countered with an offer of $200,000 for a straightforward 25% equity.

The other sharks started to leave after hearing about these two offers. As a result of Lori Greiner’s conflict of interest, Mark Cuban wasn’t sure how he could be of assistance. Daymond John also went out, but he was worried about the patent.

After some discussion, Peter enquired whether Kevin would make a deal with him. They agreed to an offer of $200,000 for 20% equity and an additional $1 per hat royalty until they recovered $600,000. Racquel agreed to this deal.

Roq Innovation SHARK TANK UPDATE 

Let’s see what happened to Roq Innovation after the shark tank presence.

Also read: What happened to the Magic 5 goggles after the shark

What happened to Roq Innovation After the Shark Tank 

We discovered that The View, Forbes, Good Morning America, and Black Enterprise have all featured the business. Additionally, Racquel consistently releases new goods. Now that she has two sharks on her team, the company is in an excellent position to boost sales significantly. However, there is no clear evidence that the Sharks deal is closed or not. 

In addition, you can find out more about this amazing company by visiting Facebook and Instagram pages, along with roq-innovation.com’s official website.

Competitors of Roq Innovation

All Roq Innovation’s products are innovative products that bring solutions to daily needs. So, there is no competitive product that 100% matched their innovations in reason of uniqueness. However, there are thousands of competitors of Roq Innovations that deliver relative products to Roq items.