Mia Murr, a fashion enthusiast, is at Shark Tank with her advanced jumpsuit product. She presented an amazing pitch about her product. Her product Monosuit is a specialized jumpsuit for women. It has a zip on its lower back to relieve itself on nature calls. She designed it this way as she felt very uncomfortable removing her entire dress in the bathroom.
She designed other accessories as well. Gloves, sneakers, and sleeves are part of the fashion line. The best part about the product is that it’s made from ocean waste. She has developed a technology that uses ocean waste to make designed fashion items.
Monosuit Net Worth
Mia was looking for a $150k investment in exchange for 5% equity in her company, Monosuite. She valued her company at $3 million at the time of the show. Despite good presentation and sales, Mia couldn’t secure a deal. After the episode aired, the brand got a great boost in its website traffic, sales, and social media exposure.
The brand was endorsed by celebrities like Kylie Jenner and Paris Hilton. Monosuit was also featured in Office Magazine. Considering the high-profile endorsements and post-Shark Tank boost, Monosuit’s growth could be estimated at a 20% annual growth rate. Therefore, with the 20% growth rate over the years, Monosuit’s current net worth is estimated at around $6 million.
Monosuit Shark Tank Update
What Happened to Monosuit After Shark Tank?
Monosuits are in business. They had a surge in their growth and made tremendous sales as well. Later, the brand was endorsed by celebrities like Kylie Janner and Paris Hilton. She was also featured in the Office Magazine. Mia explaiend her businesstragey in NotJust a Label.
Did Monosuit get a deal at Shark Tank
Unfortunately, no. Monosuit didn’t receive any deal.
| Shark(s) name | Offer & Demand | Counteroffer | Accepted? |
| Robert Herjavec | Out | N/A | No |
| Barbara Corcoran | Out | N/A | No |
| Kevin O’Leary | Out | N/A | No |
| Lori Greiner | Out | N/A | No |
| Mark Cuban | Out | N/A | No |
Founders & their Backstory
Mia belongs to a small village in the USSR. She wanted to be a fashion designer. She used to recycle older clothes and modify them to make clothes that could be worn. She had always wanted to be a fashion designer, so she merged her mission with her business.
Initial Pitch
Entrepreneur Mia begins the pitch with a song about her product. She introduced herself and her product Monosuit. She rhythm stated the struggle that women faced on nature’s call to jumpsuit. It’s a zipping jumpsuit at the lower back, is eco-friendly manufactured, and produces zero waste.
She shared her mission of cleaning up the oceans and to save Earth. She asked Sharks to help her in her mission by concluding the pitch and song. Sharks were excited and enjoyed the pitch. There were different samples for the product presented to the Sharks.
Lori loved the concept. She even asked for another design worn by her model. She then presented her proposal for $150,000 for 5% equity. She gave a little demonstration of the Monosuit. Additionally, she mentioned that there is a huge list of accessories like sneakers, sleeves, gloves, etc.
Queries about the Product
Robert begins the queries with the cost of each piece. Mia responded that each jumpsuit is sold for $290, and it takes $60 to make one. She mentioned that the product is manufactured in North Italy from ocean waste. Most of it is left behind fish nets. She then shared her backstory.
Kevin was interested in sales. Mia mentioned that the sales of the first business year were $245,000 without any paid advertising. Robert inquired if it was a jumpsuit company or a fashion line company. Mia replied that she would prefer it to be a technology-based jumpsuit. As its core is based on technology recycled clothes.
Barbara inquired about the material of all the product lines being the same. Mia answered yes from ocean waste. She then inquired about the sales percentage earned from Monosuits. Mia answered that it was 70%. Robert inquired if they had raised any money. Mia replied that they had raised $2 million from angel investors back in 2018.
Kevin inquired about the valuation of the company at that time to which Mia replied that $12 million. Next, Lori inquired about how she spent that money. She mentioned that they manufactured two different collections from that technology. She explains it as a zero-waste industry.
Shark’s Responses & Final Deal
Mark stepped out as Mia was dealing with too many things at the same time. As all those things require time and good investment he doesn’t think it is profitable. That’s why he’s out. Kevin was the next Shark to step in. He appraised the pitch and product. But he thinks that Mia needs to focus only on her jumpsuit.
Robert mentioned that he’s confused about the industry she belongs to. So he stepped out. Barbara mentioned that she loved the product and its idea. But she was dealing with lots of things at the same time made her reject the deal.
Last was Lori. She loved the concept, pitch, and product design. She would buy half of the design she presented. But she considers the money too little to make it useful as there are too many things to handle. So is out. Mia has to leave the platform without any deal.
What Went Wrong with Monosuit on Shark Tank
The pitch was amazing and Sharks liked the idea. The product was loved but was not investible. According to Sharks, Mia was involved in too much to handle. As she didn’t have the laser focus on one thing. Her unclear vision made the Sharks uninterested in the deal. So they all stepped out.
Product Availability
Monosuit offers a vast collection of jumpsuits, bodysuits, bottoms, dresses, accessories, and much more. The website has a featured section that lists celebrity choices and ongoing sales. Make sure to check their website for more details.
Conclusion
Mia Murr had a mission of producing a designer fashion line created from ocean waste. She presented her products amazingly and was appraised by all Sharks. The product Monosuit has a lower back zip-on jumpsuit for ladies to ease themselves without removing their entire clothes. There are accessories like sleeves, gloves, and much more.
She had developed a technology that converts ocean waste to designer dresses. But Sharks stepped out one after the other. As it seems Mia handling a lot of things at the same time. So Monosuit has to leave without any deal.
Hello everyone, I’m Sara Javed. I’m an IT professional expert with project management and design skills. Besides writing, I love playing video games, designing digital art, and reading books. I love Shark Tank due to its innovative business idea and unpredicted reactions of Sharks. This keeps me glued to the screens to watch the next catchy moment. Read more About me.