BZBox is a product that made a splash on Season 5 of Shark Tank. It is a foldable, collapsible storage box created by Kaeya Majmundar, a student from Emory University, to revolutionize the moving and storage industry.
BZBox stands out because it is designed to be reusable, durable, and waterproof, making it a significant upgrade from the traditional cardboard box that tends to be single-use and easily damaged.
BZBox is set apart by its patent-pending design, which allows it to be assembled quickly and without tape, a major advantage over traditional moving boxes.
BZBox can be folded flat for easy storage when not in use, and when needed, it can be popped open and locked into place in seconds. The product comes in various sizes to accommodate different storage needs, from moving homes to storing old clothes or books.
BZBox is an excellent choice due to its durability and convenience. Its design promotes sustainability by encouraging reuse and reducing waste from disposable cardboard boxes.
The waterproof feature gives users peace of mind, knowing their belongings will remain safe and dry, even in less-than-optimal conditions.
BZBox is a game-changer for those moving, organizing, or simply needing to store items. It simplifies the process while offering a more robust and eco-friendly solution than traditional cardboard boxes.
|Product||A collapsible box for home storage|
|Investment Asking For||$50,000 For a 20% stake in BZBox|
|Final Deal||$50,000 For a 40% stake in BZBox|
|BZBox Episode||Season 5, Episode 29|
|BZBox Business Status||Out Of Business|
|BZBox Website||Visit Website|
|BZBox Net Worth||$0|
What is BZBox?
BZBox is a collapsible, innovative storage box for easy and convenient use. The unique design of BZBox allows users to quickly fold and unfold the box without the need for adhesive tape or additional tools.
Made from durable, water-resistant, and eco-friendly materials, BZBox is built to withstand wear and tear, making it an ideal solution for temporary and long-term storage needs.
BZBox is a foldable storage box designed to help users store clothes and other accessories. Its plastic interior and fabric finish make it durable, attractive, and easy to use.
The collapsible design allows the box to be folded when not in use, saving space and making it convenient for storage. BZBox aims to add fun and functionality to your space while keeping it organized and clutter-free.
Who is the Founder of BZBox?
The founder of BZBox is Kaeya Majmundar, a highly enterprising young woman who was a student at Emory University when she first pitched her idea on Shark Tank.
Majmundar, who was studying Economics and Sociology, showcased her entrepreneurial spirit when she embarked on her journey to revolutionize the storage and moving industry.
The concept of BZBox was born out of personal frustration. While helping a friend move, Majmundar experienced the hassle and inefficiency of traditional cardboard boxes.
She observed that these boxes were difficult to assemble and required excessive amounts of tape, but they were also easily damaged and often ended up in the trash after a single use.
Inspired by these observations, she sought to create a more practical and durable alternative that would be easy to assemble and disassemble, thus giving birth to BZBox.
Beyond her success with BZBox, Majmundar has continued to stand out as an impressive entrepreneur. She has used her experience on Shark Tank and the development of BZBox as stepping stones, continually learning and evolving in her entrepreneurial journey.
Her story is an inspiring example of how a simple, everyday problem can be transformed into an innovative solution with the right amount of determination and creativity.
Before appearing on Shark Tank, BZBox and its founder, Kaeya Majmundar, had a journey involving significant groundwork and innovation.
The idea for BZBox sprang from a personal experience where Majmundar witnessed the inefficiencies and hassles of using traditional cardboard boxes while helping a friend move.
She then transformed this problem into an opportunity by creating a reusable, durable, and easily foldable box, which she named BZBox.
She worked on prototyping and refining her product, spending a great deal of time ensuring the functionality of her innovative design.
Majmundar also sought feedback and advice from mentors and peers to improve her product further, demonstrating the entrepreneurial spirit that would eventually catch the attention of the investors on Shark Tank.
Before its national television debut, BZBox also won the Emory University Entrepreneurship Summit Elevator Pitch Competition in 2013, which gave Majmundar the initial validation and exposure for her idea.
This win helped provide BZBox with a modest degree of momentum, increasing its credibility and visibility in the marketplace.
However, like many startups, BZBox was not without its struggles. Despite the ingenious design and practical application, gaining wide-scale recognition and acceptance was challenging.
The resources for mass production and marketing were also limited. So, despite its potential, BZBox was still in its early stages and required substantial financial backing and business expertise to scale.
This need for growth and expansion ultimately led Majmundar to present her business on Shark Tank.
How was the Shark Tank Pitch of BZBox?
Kaeya Majmundar appeared on Shark Tank in 2014 during Season 5 of the popular show, where she pitched her product, BZBox. She entered the Shark Tank seeking $50,000 in exchange for 20% of her business, valuing BZBox at $250,000.
Her presentation began with a demonstration of a typical struggle that people experience with conventional cardboard boxes: the difficulty and time consumption of assembly.
She emphasized the pain points of these traditional boxes being single-use, easily damaged, and difficult to store. She introduced BZBox, which she described as waterproof, durable, and easy to assemble.
Majmundar had samples of the BZBox for the Sharks to inspect, and she demonstrated how easily the box could be assembled and disassembled, emphasizing its potential for reuse and its eco-friendliness.
Her pitch effectively demonstrated the unique selling points of her product. However, despite her confident presentation, Majmundar faced some challenging questions from the Sharks.
Some Sharks raised concerns about her company valuation, while others questioned the costs associated with the production of the BZBox and how it would compete in a market dominated by cheap cardboard boxes.
The biggest hurdle in the pitch was when Majmundar struggled to assemble her box under pressure, which unfortunately undermined her claim about the ease of assembly.
Despite this setback, she maintained her composure and continued to articulate the potential of her product.
Ultimately, despite the concerns raised by the Sharks, Lori Greiner saw potential in the BZBox and Majmundar’s determination and entrepreneurial spirit. Greiner offered $50,000 for 40% of the company, twice the equity stake that Majmundar initially proposed.
Despite the higher equity request, Majmundar accepted the offer, securing BZBox’s future and gaining a valuable mentor and partner.
Final Deal: Lori Greiner agreed to invest $50,000 for a 40% equity in BZBox.
Did BZBox Get a Deal on Shark Tank?
BZBox did secure a deal on Shark Tank. Kaeya Majmundar, the founder of BZBox, appeared on Season 6, Episode 29 of Shark Tank and sought a $50,000 investment for a 20% stake in her company.
After facing some challenges and addressing the Sharks’ concerns, Lori Greiner offered a deal of $50,000 for a 40% equity stake in BZBox, which Kaeya accepted. The partnership with Lori Greiner helped BZBox gain more exposure and success in the market.
What Happened To BZBox After Shark Tank?
After appearing on Shark Tank, BZBox experienced initial success. Thanks to the exposure gained, they sold thousands of BZBoxes within 48 hours following the show.
With the help of Lori Greiner, Kaeya grew the brand and launched her own company called Kaeyos, Inc. in 2015, which focused on the BZBox.
In addition to BZBox, Kaeya also developed a second product called the Zip Tank, a zippered tank top that could be turned into a purse or gym bag in under 3 seconds.
She launched a successful Kickstarter campaign for the Zip Tank and raised over $8,100 with the support of 37 backers. The tanks were manufactured and shipped out to the backers.
BZBox was made available through online retailers like Amazon, and Kaeya even appeared on Steve Harvey’s talk show to discuss her products. However, sometime in 2017, Kaeyos, Inc. was shut down.
The company’s website went offline, and its social media accounts were deleted. Although there was no official announcement, it is speculated that the market for both the storage boxes and zippered tanks may have been too small.
Since then, Kaeya has pursued other endeavors. From 2017 to 2019, she worked at CaaStle, a technology platform for clothing rental services.
As of 2023, she is involved with Leangap, a startup incubator for high school entrepreneurs, and Toastmasters International. She is also the founder and CEO of Swaypay, a mobile app that offers cashback rewards for posting purchases on TikTok.
While BZBox experienced initial success and gained attention from appearing on Shark Tank, the business ultimately faced challenges sustaining its growth and market presence.
BZBox Shark Tank Update
After Kaeya Majmundar appeared on “Shark Tank” to pitch her collapsible cardboard box, the BZBox, she made a deal with Lori Greiner for $50,000 in exchange for a 40% stake in her company. Following the show, Majmundar took Greiner’s suggestions and made changes to the design of the BZBox.
The original BZBox featured velcro straps, which Greiner and Kevin O’Leary believed were too costly to manufacture. Majmundar heeded their advice and pivoted the design to a streamlined, brandable cardboard box.
The new design targeted real estate agents and offered customizable options for businesses to advertise. Additionally, the company expanded its product line to include durable plastic storage containers currently available on Amazon.
Although Kaeya Majmundar’s company, Kaeyos, Inc., which focused on the BZBox and another product called ZipTank, closed in 2017, according to OpenCorporates records, the BZBox itself is still available on Amazon.
Majmundar moved on to work with various eCommerce brands, collaborating with celebrities and influencers such as NBA star Derrick Rose and comedian Steve Harvey to create viral campaigns.
Majmundar is the founder and CEO of Swaypay, a tech company that aims to help consumers and brands convert advertising money into spending money. The company places a strong emphasis on Gen-Z culture.
In summary, the BZBox underwent design changes based on feedback from Lori Greiner after “Shark Tank.” Despite Kaeya Majmundar’s previous company closing, the BZBox is still available for purchase, and Majmundar has gone on to work on new ventures such as Swaypay.
Is BZBox Still In Business?
Our research shows that BZBOX, which offers quick-assembly boxes, is no longer in business. The deal that Kaeya Majmundar, the entrepreneur behind BZBOX, made with Lori Greiner on Shark Tank ultimately failed to progress beyond the 12-month due diligence phase.
Although the specific reason for the failure is not mentioned, it is implied that Lori’s contingency, which involved manufacturing the plastic version of the box as a storage box, was not met.
Consequently, BZBOX shut down. However, Kaeya found a successful platform called SwayPay, which specializes in viral marketing.
What Is the Net Worth Of BZBox?
According to our research, the net worth of BZBox is $0 since the company went out of business. The valuation of BZBox was $125,000 after securing an investment from Lori Greiner on Shark Tank.
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