Cardboard boxes presented several challenges that complicated the packaging process. One significant issue was their limited weight-bearing capacity. They were prone to deformation and easily buckled under substantial weight. Kaeya Majmundar came up with just the right solution to tackle this. She transformed the packaging industry with her ground-breaking box design.
She revolutionized conventional cardboard boxes that needed to be folded by hand, one flap at a time. Her cleverly designed box unfolded with a simple wrist shake. She came on the Shark Tank with an ask of $50,000 in exchange for 20% equity. Were the Sharks able to offer her a deal? Find out in our BZBOX Shark Tank Update!
BZBOX Net Worth
Kaeya Majmundar asked for a $50k investment in exchange for 20% equity in her company, BZBOX. This meant she valued her company at $250,000. She made a deal with Lori for $50k in exchange for 40% of her company. This new deal valued her company at $125,000. However, the company shut down in 2017. As of 2024, the current net worth of BZBOX is $0.
BZBOX Shark Tank Update
Lori’s contingency wasn’t met, and the company ultimately shut down. It seemed to have declined by 2017. Kaeya also ran a successful Kickstarter campaign for ZipTank. It was a tank top that transformed into a tote bag. That product also eventually faded away.
Robert expressed doubts about the size of the problem Kaeya was addressing with her product. He felt that it wasn’t a significant enough issue to invest in, and opted out. Mark felt that Kaeya needed to be more receptive to advice. He advised her to seek out a Shark who would be willing to write a check. However, he didn’t feel that he was the right fit. Barbara was concerned by Kaeya’s reluctance towards feedback. This ultimately led her to not invest. Kevin saw potential in Kaeya’s product.
He made an offer of $50,000 in exchange for 50% equity in the company. Despite his offer, Kaeya pleaded with Lori to invest. Witnessing this, Kevin took back his offer. Lori agreed to invest $50,000 for a 40% stake. However, she had her contingencies. Kaeya accepted Lori’s terms, and they successfully closed the deal.
| Shark(s) Name | Offer and Demand | Counteroffer | Accepted? |
| Kevin O’Leary | $50,000 for a 50% stake in the business | N/A | N/A |
| Mark Cuban | Out | N/A | N/A |
| Robert Herjavec | Out | N/A | N/A |
| Lori Greiner | $50,000 for a 40% stake in the business + contingent upon developing a plastic variant | N/A | Yes ($50,000 for a 40% stake in the business + contingent upon developing a plastic variant) |
| Barbara Corcoran | Out | N/A | N/A |
BZBOX Shark Tank Pitch
Kaeya was just a sophomore in college when she came with her innovative box design. The idea emerged from a practical experience of helping a friend move. It highlighted the need for a time-saving and user-friendly solution for assembling boxes.
On recognizing her product’s potential, she broke from her family’s tradition of pursuing careers in medicine. She chose to follow her passion for entrepreneurship. Her commitment to the product was recognized when she won the Collegiate Entrepreneurs Organization’s competition.
Kaeya entered the Shark Tank with a clear vision. She seeks $50,000 in exchange for 20% equity in her business. The Sharks were introduced to her innovative product, the BZBOX. It was a quick-assembly box designed to simplify and speed up the packaging process. To demonstrate its efficiency, she invited Robert to join her on stage for a box assembly challenge. While he struggled to assemble a traditional box, Kaeya effortlessly popped open the BZBOX. The Sharks were impressed by its ease of use.
In addition to the cardboard version, she also presented a plastic variant of the product. It caught the attention of Lori. Kaeya emphasized the product’s time-saving qualities and convenience. She believed it to be a potential game-changer in the packaging industry.
Kevin initiated the questioning by asking if Kaeya had any retail sales of her product. Kaeya responded that she had not. She further explained that her business was less than a year old and in its early stages. Robert then inquired about the pricing of her product compared to conventional cardboard boxes. She explained that the BZBOX cost around $1.75 per unit, while the traditional boxes were priced under a dollar. This startled the Sharks. He further questioned whether her product’s cost could be reduced. She confirmed that it could, but only with larger production quantities.
Kevin expressed concerns about the higher price point of her product. He questioned whether consumers would be willing to pay extra to save just 60 seconds of their day. Mark Cuban echoed this concern, but Kaeya remained confident. She insisted that people would see the value in her product.
Robert asked if she had been approached by any large businesses. To this, Kaeya mentioned that she had been in contact with an executive at Lowe’s. Lori followed up by asking if Lowe’s had expressed interest in purchasing the product. She confirmed that they had. She later revealed that she was unable to close the sale due to a lack of manufacturing capabilities at the time.
Kaeya also mentioned that companies were only willing to purchase the product if it could be priced under a dollar per unit. On hearing this, Mark pointed out that her product’s utility was not appreciated. Kevin asked if she could reduce her pricing to meet this requirement. Kaeya responded affirmatively. She stated that it could be achieved with bulk production.
Robert was the first one to opt out. He didn’t perceive a need to improve upon the standard cardboard box. Mark also declined to invest. He advised Kaeya that she needed to be more receptive to feedback. He also felt like he was not the right person to make an investment in her packaging business. Barbara shared similar concerns and expressed discomfort with Kaeya’s reluctance to take others’ opinions. Hence, she decided not to invest.
Kevin then stepped in with an offer of $50,000 in exchange for 50% equity. However, he emphasized that Kaeya’s primary task should be to bring down her product’s cost. When Kaeya expressed her preference for Lori as a partner, Kevin withdrew his offer. Fortunately, Lori did make her an offer of $50,000 for an equity of 40%. However, the proceeding was contingent upon Kaeya’s ability to successfully develop a plastic variant of the storage box. The deal was accepted.
Product Availability
The company stopped functioning in 2017. However, some of its products were available on Amazon as of August 2021.
Conclusion
Kaeya walked in with an ask of $50,000 for an equity of 20%. She received some backlash due to her unwillingness to take criticism and feedback. This eventually led to the majority of the Sharks opting out.
However, she was lucky enough to walk away with an offer made by Lori which was $50,000 for a stake of 40%.
My name is Saad, and I’m a Civil engineer turned web developer and a passionate content writer. One of my favorite tv shows to watch is Shark Tank. The entire business aspect of the show and how everyone wants to be an entrepreneur resonates with my inner entrepreneur side as well. Writing for the show as well as being a fan, I love every second that I write for it. Read more About me.
