Sleeping Duck Net Worth 2024 Shark Tank Update
As of the beginning of 2024, Sleeping Duck’s net worth is $ 200 million. Also, the company has approximately $ 4.7 million in annual revenue. On July 17, 2017, Sleeping Duck Appeared on Shark Tank Season 03, episode 05 of Shark Tank Australia. However, it left the Shark Tank without a deal. Also, the company will still be in business in January 2024. It then sells its products on its site. Let’s find out how it has reached this success over the years.
Sleeping Duck Net Worth 2024
| Net worth | $200 million (2024) |
| Annual Sales Revenue | $4.7 million (2016) |
| Profits | – |
| Lifetime sales | – |
| Investor | – |
| Founder | Winston Wijeyeratne and Selvam Sinnappan |
| Employees | 50-200 |
Sleeping Duck Earned $ 300,000 in the first year and $2.4 million in the second. Followingly, it earned $4.7 million in the third year and is expected to have $5.5 million in the following year after the show.
Following that, Sleeping Duck will be worth $200 million in 2024.
Sleeping Duck Sales And Revenue
Sleeping Duck was a successful company when it appeared in the show and had a $10 million business valuation. So it is expected to have $5.5 million in the following year. It earned $ 300,000 in the first year, $2.4 million in the second year, and $4.7 million in the third year.
Followingly, the company is now worth $200 million in January 2024.
Net Worth Timeline
| Net Worth 2024 | $200 million |
| Net worth valuation in 2017 before appearing on Shark Tank | $10 million |
Competitors Of The Sleeping Duck
Few companies are producing similar products. Some of them include Emma Comfort, Origin , and Hugo.
Don’t miss these products from Season 03
Sleeping Duck Shark Tank Update
| Company Name | Sleeping Duck |
| Product | Customized mattresses |
| Episode | Season 3,Episode 5 |
| Founder | Winston Wijeyeratne and Selvam Sinnappan |
| Asked For | $500,000 for 5% equity |
| Final Deal | No Deal |
| Shark | No Shark |
| Location | Prahran, Victoria |
Adir Shiffman became the Sleeping Ducks’ chairman in 2017. The Sleeping Duck Pro mattress was chosen as the best Australian mattress by CHOICE in 2018 and 2019, confirming its popularity. Between late 2018 and mid-2019, Sleeping Duck saw incredible growth, with a nearly 500% increase in the first half of the 2019 financial year.
Also, the company reached around $500 million in the following years, 2021 and 2022. So followingly, its net worth will be $200 million in 2024, and it will still be in business successfully in 2024. And sells products on their official site.
What Is Sleeping Duck?
Sleeping Duck, an Aussie mattress company started in 2014 by Selvam Sinnappan and Winston Wijeyeratne, aims to simplify mattress buying. The mattress takes about 21 days to reach its best, but you can sleep on it from day one. They produce foams in Sydney and assemble mattresses in China, combining local and international elements. The Motherboard, a steel spring system, provides essential support, ensuring responsiveness—also, their pillow blends memory foam comfort with latex flexibility for a comfortable sleep experience.
Sleeping Duck Founder
Founders Winston Wijeyeratne & Selvam Sinnappan are pitching ‘Sleeping Duck.’ Sleeping Duck is a mattress that anyone can customize as per their wish to suit anyone’s unique sleep needs.
After finishing their engineering degrees, the two friends joined ANZ’s graduate program. They got annoyed with big businesses, especially in the mattress industry. So, they started creating their business plan during this time, fueled by their shared frustration.
FAQ
Sleeping Duck did not get any deal on the Shark Tank Show.
Sleeping Duck had $ 4.7 million in revenue since the beginning of the year.
Sleeping Duck’s net worth is $200 million in the year 2024.
Sleeping Duck is still in business in 2024.
None of the sharks received profit since the founders didn’t accepted the offers.
Company website: sleepingduck.com
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