Weddings are expensive. Many couples want big beautiful cakes for their special day. Kimberly Aya and her son Koray Aya managed to lower the cost of wedding cakes. FunCakes was their concept. They produced realistic-looking but far less expensive artificial cakes. Gum paste is used to coat the foam-based cakes. The pair made their company pitch on Shark Tank in Season 6.
They requested $285,000 for 25% of their business. They sought to expand their concept of renting wedding cakes. Their presentation demonstrated how the cakes have a secret space for a cake-cutting ceremony. The sharks wanted to know more about the company. Koray and Kimberly said that they have been in the company for seven years. Will the entrepreneur get a deal on Shark Tank? Check out the FunCakes Rental update!
FunCakes Rental Net Worth Shark Tank Update 2025
Kimberly Aya went on Shark Tank asking for $285,000 for 25% of her company. This meant she thought her business was worth $1,140,000. She did not make a deal with any Shark. The episode was aired on October 10, 2014. The fake wedding cake rental company later shut down and is no longer active. The current net worth of FunCakes is $0 in 2025.
FunCakes continued to operate following Shark Tank. To make their business better, they made adjustments. They stopped renting cakes when the epidemic struck. They began selling the cakes directly instead. This allowed them to remain relevant at smaller weddings. FunCakes’ debut on Shark Tank garnered positive media attention.
The business is still operating today. This beautiful website allows customers to browse and purchase beautiful cakes. The cakes are still well-liked by those looking for reasonably priced wedding choices. Despite not receiving funding, FunCakes managed to continue operating.
On Shark Tank, Kimberly and Koray were not given a deal. They requested $285,000 in exchange for a 25% stake in their business. The sharks didn’t believe it. Lori Greiner was the first to go because she preferred actual cakes. Kevin O’Leary and Mark Cuban came next.
They questioned the figures and the idea. Barbara Corcoran and Robert Herjavec both died. Barbara didn’t trust the founders’ business past but she felt the idea was ingenious.FunCakes departed without an investment once all the sharks were removed.
| Shark(s) name | Offer & Demand | Counteroffer | Accepted? |
| Barbara Corcoran | out | N/A | N/A |
| Lori Greiner | Out | N/A | N/A |
| Kevin O’Leary | Out | N/A | N/A |
| Robert Herjavec | Out | N/A | N/A |
| Mark Cuban | Out | N/A | N/A |
FunCakes Rental Shark Tank pitch
Baking was Kimberly Aya’s passion. Before founding FunCakes, she ran a bakery. She had years of experience creating wedding cakes and was aware of their high cost. Thousands of dollars were spent by many couples on something that is rapidly consumed. Kimberly aimed to provide a cost-effective choice. She started creating phony cakes. These cakes were far less expensive but nevertheless had the same lovely appearance.
Koray Aya assisted his mother in managing the company. They collaborated to expand FunCakes. It wasn’t simple. Their early years were fraught with difficulties. Fake cakes were considered odd by some. Some were not sure if they should hire a cake for their wedding. They put a lot of effort into changing people’s minds. They concentrated on creating the most realistic-looking cakes they could. They added features like a compartment for a real cake slice.
Marketing was also tough. They relied on word of mouth and small advertisements. It took time to build a customer base. The numbers were slow to grow. By the time they appeared on Shark Tank, they had only earned $150,000 in sales the previous year. But Kimberly and Koray believed in their idea and kept working to improve it.
Kimberly and Koray made a confident start to their Shark Tank pitch. As a method to save costs on wedding cakes, they invented FunCakes. The pair described the hundreds of dollars that actual cakes may cost. Conversely, FunCakes were as gorgeous but more reasonably priced. Gum paste was used to coat the foam cakes.
They gave an example of the concealed compartment function. The bride and groom were still able to cut their cake for pictures because of this. Koray and Kimberly said that they have been in the company for seven years. They disclosed their prior year’s sales figures. Their sales totaled $150,000, and their gross profit was $76,000.
The two requested $285,000 for a 25% stake. Their goal was to grow their cake rental company. The sharks listened carefully but were skeptical about the numbers and concept. The sharks listened carefully but were skeptical about the numbers and concept.
The sharks had many questions about FunCakes. They wanted to understand how the business worked. Kevin O’Leary asked about the market. He wanted to know how many people rented fake cakes. Kimberly explained that budget-conscious brides loved the idea. Lori Greiner asked about customer feedback. Kimberly said customers liked how the cakes looked. She mentioned that some couples rented FunCakes for other events too.
Lori still felt that real cakes were better. Robert Herjavec focused on the financial numbers. He asked why the company’s income was so low. Kimberly explained that they reinvested profits into the business. This helped them improve their products. Robert was not convinced. Mark Cuban and Kevin O’Leary asked about growth plans. They wanted to know if the company could expand beyond rentals.
Kimberly and Koray said they planned to grow slowly. They did not want to rush into new markets. Barbara Corcoran asked about the company’s history. She wanted to know why the business had not grown more in seven years. Kimberly explained that they faced challenges in the beginning. They worked hard to overcome them. Barbara felt the growth was too slow.
FunCakes did not impress the sharks. Lori Greiner was the first to go. She didn’t believe the idea would work and preferred actual cakes. Kevin O’Leary and Mark Cuban came next. They questioned the viability of the phony cake market.
Robert Herjavec concentrated on the numbers. He said that the figures did not make sense to him. He chose not to make an investment. Barbara Corcoran did not trust the founders but she loved the idea. She thought it was an issue that they hadn’t grown in seven years.
Kimberly and Koray exited the tank without a deal since there were no bids on the table.
What Went Wrong With FunCakes Rental On Shark Tank?
A number of problems with FunCakes made the sharks avoid them. The first was the poor financial figures. Only $150,000 was produced by the company last year, despite having been in operation for seven years. This was deemed insufficient by the sharks.
Second renting phoney cakes didn’t seem like a very viable idea. It was deemed innovative but overly specialized by some sharks. Lori Greiner claimed to like genuine cakes. Mark Cuban and Kevin O’Leary questioned the extent of the market.
Finally, there were worries about the founders’ lack of development. Kimberly and Koray were not trusted by Barbara Corcoran. She believed they ought to have had greater success throughout their seven years in business.
Product Availability
The company FunCakes is still operating today. FunCakes are available for purchase online. The company switched from rentals to sales during the pandemic. They were able to contact more clients because of this modification.
Numerous designs are available on the FunCakes website. Customers may select from a variety of sizes and styles. The cakes are well-liked for birthday celebrations, weddings, and other occasions. They are manageable and lightweight.
The design affects the price. Additionally, FunCakes provides customization choices. Customers may use this to design cakes that fit their themes. Customers receive direct shipping for the cakes.
FunCakes is still a wonderful choice for anyone looking for reasonably priced and attractive cakes.
Conclusion
FunCakes did not get a deal on Shark Tank. The sharks were not impressed with the business. Kimberly and Koray left without an investment. Despite this FunCakes continued to grow. The company adapted during the pandemic. It switched from rentals to sales and reached more customers.
FunCakes remains a unique choice for affordable wedding cakes. The journey of FunCakes shows the power of persistence. Kimberly and Koray found ways to improve their business. Their story inspires others to keep working toward success.
Hi, I’m Laiba Khurram, a BBA student specializing in Marketing at FAST NUCES ISB. My background includes experience in finance, marketing, and event coordination. My skills include teamwork, time management, and Microsoft tools. Watching Shark Tank has always inspired me, as I admire the innovative pitches and entrepreneurial spirit showcased on the show. This passion drives my approach to finding creative solutions and understanding market dynamics. Read more About me.
