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The Hammbag Net Worth 2024 Update (Before & After Shark Tank)

The Hammbag, a versatility company, was started by Dylan Colman & Tom Smith. As of January 2024, The Hammbag net worth is $2 million and their annual revenue is not disclosed. 

In 2017 June, they appeared on Season 03 of Shark Tank Australia seeking $45,000 for 15% of equity valuing the company at $300K. But the Sharks were not interested in investing in The Hammbag. Their sales did not sufficient to the invest the company.

As of 2024 January, the company is still in business. You can purchase products through e-commerce channels such as their website and Amazon.

The Hammbag Net Worth

Net worth$2 million
Annual Sales RevenueNot Disclosed
ProfitsNot Disclosed
Lifetime salesNot Disclosed
InvestorNone
FoundersDylan Colman & Tom Smith
Employees1-10 employees

The Hammbag Net Worth Timeline

Net Worth 2024$2 million
Net Worth 2023$1.8 million
Net Worth 2022$1.6 million
Net Worth 2021$1.5 million
Net worth valuation 2017 before appearing on Shark Tank  $300K

The Hammbag Pitch on Shark Tank

Company nameThe Hammbag
ProductAn all-in-one hammock, backpack and towel
EpisodeSeason 03 Episode 02
Founders Dylan Colman & Tom Smith
Asked for$45,000 for 15% Stake
Final dealNo Deal
SharksNo Sharks
LocationAustralia

Don’t miss these product from Season 03

The Hammbag Founders

The Hammbag was founded by Dylan Colman & Tom Smith. Dylan and Tom, two friends passionate about the outdoors, desired a versatile product combining a hammock, backpack, and towel. With help from Mom sewing prototypes, they’ve established manufacturing in Bali. The Hammbag’s founders, Dylan Colman & Tom Smith, have a net worth of 2 million USD as of 2024.

Key accomplishments

YearAccomplishment
2017The company appeared on Shark Tank Season 03 Australia.

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 The Hammbag and its continued success.

What do you think?

Written by GAG Team

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