Many people experience stress during swimsuit season because they are self-conscious about their appearance. Leila Shams designed a unique swimsuit with built-in shapewear to make this easier. Her business, TA3 Swim, created swimwear that defines and shapes your waist.
In Season 13, Leila presented her idea to Shark Tank in the hopes of receiving funding to expand her company. She requested $500,000 from the Sharks in exchange for a 10% stake in her business. Will the entrepreneur get a deal on Shark Tank? Check out our TA3 Swim update to find out!
ta3 swim net worth 2024
Leila Shams asked for a $500k investment in exchange for 10% equity in her company. This meant she valued her company at $5 million. Although the Sharks declined to make a deal, TA3 Swim has achieved remarkable success, with over $20 million in sales since its appearance on Shark Tank.
After the show aired, TA3 Swim 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 TA3 Swim in 2024 is about $24 million.
TA3 Swim Shark Tank Update
Following their appearance on Shark Tank, The Sharks declined to make a deal with Leila Shams and her business, TA3 Swim. But even without that investment, the business has performed incredibly well. Since its premiere, TA3 Swim has sold more than $20 million.
Beyond just swimwear, they now offer body-sculpting dresses and bodysuits in their product lineup. Leila now has over 240,000 Instagram followers and 50,000 TikTok followers. Demonstrating a tremendous increase in her social media following.
The business is commended by influencers and fashion experts, and it is highlighted in well-known publications including Women’s Health and InStyle. Since its debut on Shark Tank TA3 Swim has had great success and is still a major player in the swimsuit industry. Keep reading our TA3 Swim update to find out what happened next!
In terms of a TA3 Swim update, TA3 Swim did not secure a deal on Shark Tank. Leila Shams requested $500,000 in exchange for 10% of her business. None of the Sharks chose to invest, though. Daymond John, Barbara Corcoran, Mark Cuban, Kevin O’Leary, and Lori Greiner all declined to provide an offer. Leila was able to expand her business considerably on her own even though she was unable to get a deal on the show.
| 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 |
| Daymond John | Out | N/A | N/A |
| Mark Cuban | Out | N/A | N/A |
TA3 Swim Shark Tank pitch
Leila Shams wanted to provide a swimsuit that made everyone feel and look good. which is what motivated her to start TA3 Swim. She had experience working for big fashion houses in New York and was well-versed in the industry. But she also wanted to do something different.
She created swimwear with a shapewear component to assist sculpt and enhance the figure. Leila had to manage inventory and cope with high return rates while her business was just getting started. Her commitment to her product enabled her to stay focused in the face of these challenges and develop a strong brand.
In our TA3 Swim update research, Leila Shams introduced her business, TA3 Swim, and described how her swimsuits utilized a corset-like form to support and shape the body during her Shark Tank pitch. She approached the Sharks for $500,000 in exchange for 10% of her business.
Leila revealed that her sales in the first 13 months of her business had hit $1.4 million while showcasing three models dressed in her swimwear. The invention was not yet licensed. social media constituted the majority of her marketing efforts.
The Sharks asked TA3 Swim a number of questions. When they enquired about the product’s return policy. Leila acknowledged that it wasn’t the best. They also wanted to know her plans for the money from the investment. Leila stated that because her products were selling out so quickly.
So she needed to purchase extra inventory. The Sharks were worried about how sales of seasonal swimwear may be affected by cheap stores and how difficult it might be to move. Leila clarified that her swimsuits weren’t really swimwear rather they were more like shapewear.
The Sharks weren’t convinced to give up their hard-earned cash. Since she had previously invested in a venture of a similar nature, Barbara Corcoran was the first to withdraw. Mark Cuban went on to say that he wasn’t interested in swimwear. Kevin O’Leary didn’t connect with the product so he made the decision not to invest.
Lori Greiner intended to license the technology to large firms even if she thought it was good. Lori also left after Leila turned down her offer. Daymond John also left because he was worried about how difficult it would be to move the seasonal inventory. Leila eventually left the tank without making deals.
The Sharks’ decision not to invest in TA3 Swim was influenced by several considerations. Barbara Corcoran and the other Sharks were either uninterested in swimwear or worried the company would be like others in which they had previously invested.
One drawback was the high return rate which was compounded by the difficulties related to seasonal inventory. The Sharks were also apprehensive about Leila’s usage of the funds and the viability of the business plan without disregarding the goods.
Product Availability
Swimsuits by TA3 Swim are offered on their website. The swimsuits have a corset-like construction that helps to support and sculpt the figure. They come in a variety of styles to fit people with varying body shapes and sizes. Additionally, the business now sells bodysuits and dresses that mold the body.
Direct product purchases can be made by customers via the TA3 Swim website. Because of the company’s success, its products are now widely available on social media and have been highlighted in prestigious fashion magazines.
Conclusion
Shark Tank participant Leila Shams demonstrated that while not every entrepreneur on the show gets a deal, it doesn’t imply their company can’t flourish. Leila has built TA3 Swim into a profitable business with over $20 million in sales even in the absence of a transaction.
Positive evaluations have been given to her swimwear and new product lines, which are still having an impact on the fashion sector. We’re interested to see what TA3 Swim has planned going forward and how the business will develop going forward.
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.
