Zuvaa, an African-inspired fashion and accessories, was started by Kelechi Anyadiegwu in May 2014. Zuvaa net worth was $4.6 million at the time of their pitch in 2018 based on the $460,000 offer for an 10% of equity of the company.
They appeared on season 9 of Shark Tank USA in 2018. But the Sharks were not interested in investing in Zuvaa. They were not convinced that Zuvaa had a unique selling proposition that could set it apart and guarantee success.
Zuvaa is no longer in business. The company shut down after experiencing rapid growth and struggling to keep up with demand. In a blog post announcing the closure, Zuvaa’s founder, Kelechi Anyadiegwu, explained that the company was facing challenges with infrastructure, customer service, and product quality.
Zuvaa Net Worth
|Net worth||$4.6 million (2023)|
|Annual Sales Revenue||–|
Zuvaa Net Worth Timeline
|Net Worth 2023||–|
|Net Worth 2022||–|
|Net worth valuation 2018 after appearing on Shark Tank||N/E|
|Net worth valuation 2018 before appearing on Shark Tank||$4.6 million|
Zuvaa Pitch on Shark Tank
|Product||African-inspired fashion and accessories|
|Episode||Season 09 Episode 19|
|Asked for||$460,000 for 10% equity|
|Location||New York, United States|
Zuvaa was founded by Kelechi Anyadiegwu in 2018. She has always been passionate about African fashion. She grew up surrounded by beautiful African fabrics and designs. And she loved wearing them. Zuvaa’s founder, Kelechi Anyadiegwu, has a net worth of $1 million as of 2023.
|2018||Appeared on Shark Tank season 09|
|2019||Zuvaa is featured in Forbes magazine.|
Some companies that appear on the show have not achieved great success, and Zuvaa was one of them. Sometimes businesses don’t succeed because of many reasons. Sometimes, the deal falls through after the founders say yes on camera. Or, as you’ll see, sometimes things happen to the founders themselves, and they choose to abandon the business. Anything is possible. However, Zuvaa went out of business in 2019. And the product is no longer available in the market.