Stem Center Net worth 2024 Update (Before & After Shark Tank)

As of 2024, Stem Center USA is thriving with a net worth of $3 million and annual revenue of $2 million
Picture of GAG Team
Shark-Tank-US-Net-worth-UpdateStem-Center

Melissa and Lavanya Jawaharlal created Stem Center USA to inspire kids through hands-on learning in science, technology, engineering, and math. They pitched their idea on Shark Tank in 2015 and secured a deal with Lori Greiner for $200,000. However, the deal didn’t go through.

Despite this, the company thrived, raising over $113,000 on Kickstarter and expanding its programs. As a result, by 2024, Stem Center has partnered with over 1,000 schools, trained more than 100,000 students, and reached a net worth of $3 million.

This article will explore how the business continued to succeed despite the deal falling through.

Stem Center Net Worth

Estimated Net worth$3 Million (2024)
Annual Sales Revenue$2 Million
Shark Tank InvestorLori Greiner
FoundersMelissa Jawaharlal & Lavanya Jawaharlal
Employees11-50 employees

Stem Center Pitch on Shark Tank

Company nameStem Center
ProductScience, technology, engineering, and math learning center
EpisodeSeason 7 Episode 6
Founders Melissa Jawaharlal and Lavanya Jawaharlal
Asked for$150,000 for 15% equity
Final deal$200,000 for 20% equity
Shark Lori Greiner
LocationAll Around United States

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Stem Center Founders

Stem Center was founded by Melissa Jawaharlal and Lavanya Jawaharlal in 2011. Melissa and Lavanya are sisters who founded STEM Center USA with a mission to share their love for tinkering and creating. They both graduated with degrees in Mechanical Engineering from USC and UC Berkeley, respectively. Lavanya is an entrepreneur, engineer, and educator who is passionate about providing equitable learning opportunities through hands-on, STEM education.

Stem Center’s founders, Melissa Jawaharlal, and Lavanya Jawaharlal’s net worth is unavailable. However, according to the deal of the Shark Tank pitch, they had 85% equity in the company. Therefore Melissa Jawaharlal, and Lavanya Jawaharlal should have more than $2.5 million combined net worth as of 2024.

Key accomplishments:

YearAccomplishment
2023They have trained over 100,000 students in robotics and coding.
2022They have partnered with over 1,000 school districts across the United States.
2021They have won several awards, including the Excellence in Education Award from the National Robotics Education Association.

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 Spretz and its continued success.