Shark Tank contest is a hub that adds value to innovative businesses. So, today we are here to explore another Shark Tank success story Roq Innovation. Let’s see what Happened To Roq Innovation after the Shark tank. Roq Innovation got featured on Shark Tank USA in 2021 November. It was founded by Raquel Graham.
Roq Innovation Net Worth in 2023
As of 2023, Roq Innovation’s net worth is 3 million USD. Here is an update on Roq Innovation’s net worth so far.
|Roq Innovation’s Net worth before appearing on Shark Tank||1.3 Million USD (business valuation)|
|Roq Innovation’s Current Net worth (2023)||3 Million USD|
Roq Innovation’s founder Raquel Graham has a net worth of 2.8 Million USD as of 2022.
What is Roq Innovation?
Roq Innovation is a company that creates innovative goods that fit our daily needs. Their top-selling product is HEADLIGHTS. It is an innovative, hands-free LED light solution. Along with that product, there are various innovative products on 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.
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. Her goods have appeared on numerous television shows, including Home Shopping Network and Oprah’s list.
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.
Kevin O’Leary offered Roq Innovation a $200,000 loan in exchange for a 20% interest rate and a 35% equity stake in the company.
Peter Jones, a guest shark, countered with an offer of $200,000 for a short 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 a 20% equity stake in the company.
What happened to Roq Innovation After the Shark Tank
We discovered that The View, Forbes, Good Morning America, and Black Enterprise 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.
Competitors of Roq Innovation
All Roq Innovation’s products are innovative products that bring solutions to daily needs. So, no competitive product 100% matches their innovations because of its uniqueness.