On Shark Tank, three friends pitched a new type of shoe. Ryan Cruz Eric Cruz and Kevin Zamora invented a slipper-shoe combo called Muvez. They saw a common problem. People do not want to bring dirty outdoor shoes inside their homes. It brings in dirt and bacteria. But changing from outdoor shoes to indoor slippers is a hassle.
They wanted to make it easier to switch from outside shoes to indoor slippers. So they made Muvez Footwear. Their shoes have a special feature: a removable sole. This lets people slip in and out of their indoor slippers with ease. They asked for $200,000 for 15 per cent of their company. Will the entrepreneur get a deal on Shark Tank? Check out Muvez’s update!
Muvez Net Worth Shark Tank Update 2025
Ryan Cruz, Eric Cruz, and Kevin Zamora asked for a $200,000 investment in exchange for 15% equity in their company. This meant they valued their company at $1.33 million. They made a deal with Daymond John for $200,000 in exchange for 25% of their company. This new deal valued their company at $800,000. After the show aired, Muvez saw a big increase in website traffic, sales, and social media exposure. With an estimated 10% yearly growth rate (typical business growth), the current net worth of Muvez is about $1.28 million.
In terms of Muvez’s research, Muvez had great success after Shark Tank. Sales of $400,000 were made shortly after the episode aired. The slipper shoes were much sought for. The business expanded quickly. It also made charitable contributions. During COVID, they donated $1 from every sale to the World Health Organisation.
They also gave shoes to nurses and doctors. Muvez is still operating as of 2024. The sneakers are well-liked and have a large following of satisfied buyers. In 2022, they emerged victorious in the FedEx Small Business Grant Contest. Additionally, they collaborated with Langston Galloway an NBA player. Muvez has a big social media following. People adore their footwear. Muvez is striving to expand its audience and strengthen its brand.
Yes Muvez got a deal on Shark Tank. Daymond John agreed to invest $200,000 for 25 per cent of the company. At first, the founders asked for $200,000 for only 15 per cent. But they ended up accepting Daymond’s offer for a bigger share of the company.
Daymond also wanted to help Muvez by licensing the shoes. This meant he would help them make deals to sell the shoes without doing all the work themselves. Daymond’s help was a big win for the team. The deal with Daymond helped them reach a larger audience and grow faster.
| Shark(s) name | Offer & Demand | Counteroffer | Accepted? |
| Robert Herjavec | Out | N/A | N/A |
| Lori Greiner | Out | N/A | N/A |
| Kevin O’Leary | Out | N/A | N/A |
| Daymond John | $200,000 for 33.3% equity | $200,000 for 25% equity | Yes |
| Mark Cuban | Out | N/A | N/A |
Muvez Shark Tank pitch
The founders of Muvez sought to address one issue. A lot of people enjoy wearing shoes indoors. However, they do not wish to bring dirt into their houses. Slippers are a good option for indoor use. But slippers are insufficient for someone who has to go outside. For a brief excursion outside, it can be inconvenient to put on shoes. The creators sought a straightforward method for alternating between indoor and outdoor footwear.
They wanted people to maintain a hassle-free floor cleanliness. Muvez shoes were difficult to make. The founders had a lot of issues. For manufacturing, they went to China. They purchased supplies, moulds, and samples. But according to their first factory, the shoes could not be made. The founders had to be creative as a result.
They created prototypes in their garage using materials they purchased from a hardware shop. Ryan’s foot was cast in order to create a mold. They created their first shoe model in this manner.
With confidence, the founders went into the Shark Tank. They described the operation of Muvez Footwear. With a snap-on sole, it can be worn outside as well as indoors as a slipper. They discussed how inconvenient it is to change shoes only for quick outside tasks. Their device enables users to walk outside when necessary while maintaining the cleanliness of their indoor shoes.
They requested $200,000 from the Sharks in return for a 15% share in the business. They outlined their goals for the brand and their strategy for expansion. The Sharks were even given customized shoes to try on. The Sharks enjoyed the shoes’ appearance and texture. They thought the dual-sole feature was unique and intriguing.
The Sharks asked a lot of questions concerning the merchandise as the pitch went on. They were curious about the price and cost. The business owners clarified that the sneakers sold for $110 at retail. It costs $26 to produce one pair. This profit margin was outstanding. The possibility of future sales piqued the Sharks’ interest. They were interested in the team’s strategy for expanding their clientele.
The founders described how they collaborated with athletes to market their footwear. They thought athletes could help them expand their social media following.
But several Sharks voiced their worries. They believed that it might be difficult for the brand to stand out in the marketplace. They believed reaching a large audience would be difficult. Despite acknowledging these obstacles, the entrepreneurs maintained their optimism over their product. They were passionate advocates of Muvez Footwear and thought it would be a success.
The Sharks’ opinions of the pitch were divided. They had some reservations despite being impressed by the device and its look. Kevin O’Leary stated that although he found the project interesting, he was not interested in making an investment. The risk seemed too great to him.
Additionally, Robert Herjavec left because he didn’t like the logo. Mark Cuban stated that he was out for the same reason as Robert. The concept appealed to Lori Greiner but she wasn’t sure she would invest on her own. A group agreement with another Shark piqued her curiosity.
Daymond John was the last to respond. He found room for improvement and liked the product. The only remaining Shark who hadn’t made an offer was him. Daymond offered $200,000 for a 33 per cent stake in the company. The entrepreneurs were thrilled but they offered $200000 in exchange for 25 % of the company. Daymond accepted the revised conditions.
This negotiation demonstrated the founders’ faith in their enterprise and product. They made a deal and left the tank. For the Muvez team, this was a huge accomplishment.
What Went Wrong With Muvez On Shark Tank?
Even though the entrepreneurs were successful in landing a deal with Daymond John, not all of the Sharks were impressed. A few Sharks decided against investing. They made the observation that branding would be difficult.
They believed the company could find it difficult to distinguish itself in the crowded market. They were concerned about the entrepreneurs’ unclear growth path. The Sharks also pointed out that successful product marketing may be very expensive. Many Sharks were skeptical as a result of these worries.
They voiced skepticism over the likelihood of success. The businesses successfully displayed their product in spite of these obstacles. Daymond John was sufficiently impressed by them to make a deal. The Sharks’ reaction included both compliments and criticism.
This illustrates how hard it is to secure a bargain on Shark Tank. It emphasizes how crucial it is to have a powerful brand and marketing plan. Despite numerous setbacks, the entrepreneurs maintained their composure and determination.
Product Availability
Muvez Footwear is a distinctive product. The shoes’ detachable sole makes switching between indoor and outdoor use simple. Muvez differs from conventional shoes and slippers in this way.
The design is both fashionable and cozy. A wide range of colors and styles is available to customers. This enables them to customize their shoes. Both practicality and style were considered in the creation of the shoes. They maintain the floors clean and offer comfort.
It is possible to buy Muvez Footwear online. Consumers can examine the products on the official company website. Their website allows customers to place direct orders for the shoes. Customers can purchase the outer soles individually from their web store as well.
The shoes are available for $110 at retail. The cost of the outer soles ranges from $19.99 to $29.00. Customers are able to expand their soles collection thanks to this pricing model.
Conclusion
Since their Shark Tank debut, Muvez Footwear has advanced significantly. Both the Sharks and the audience were captivated by the creative concept of shoes with detachable soles. For the entrepreneurs, the journey has been thrilling. They have been able to greatly expand their business. Their collaboration with Daymond John has created fresh prospects. In 2024, they are still operating and doing well.
Their dedication to society was further demonstrated by their charitable endeavors during the COVID-19 pandemic. Muvez Footwear is headed in the right direction because of its robust social media presence and satisfied customers. This distinctive footwear brand appears to have a bright future. They intend to keep growing and expanding.
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.
