BZBox is a collapsible, innovative storage box for easy and convenient use. The product was created by Kaeya Majmundar and featured on Season 6, Episode 29 of Shark Tank, aired on May 8, 2015.
The idea behind BZBox was to develop a versatile, durable, and reusable storage solution that would simplify assembling and collapsing boxes for moving or storage purposes.
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.
During her Shark Tank pitch, Kaeya Majmundar sought a $50,000 investment for a 20% stake in her company. However, the Sharks were not convinced about the product’s scalability and the market’s potential size. As a result, Majmundar did not secure a deal during her appearance on the show.
Despite the outcome of Shark Tank, Kaeya Majmundar continued to work on her entrepreneurial journey, exploring new ideas and products. The experience on the show provided valuable exposure and lessons that she could apply to her future endeavors.
What is BZBox?
BZBox is a foldable box to help you store clothes and other accessories. BZbox’s plastic interior and fabric finish make it the most durable, attractive, and easy-to-use storage box.
BZBox adds fun and functionality to your space while keeping it organized and clutter-free. This box collapses as you are no longer using it to save space.
|Product||BZBox Collapsible Storage Box|
|Investment Seeking||$50,000 for 20% equity in Storage Box|
|Final Deal||$50,000 for 40% equity in Storage Box|
|Episode||Season 5 Episode 29|
Who is the Founder of BZBox?
Kaeya Majmunder is the founder of BZBox. She is a sophomore in college and has shifted her focus from becoming a doctor to growing her business. Ms.Keaya Majundar’s college life was swimmingly until she discovered her best buddy was relocating.
While she was walking from her room to her car, all the boxed items tumbled out of the box and onto the street. She became frustrated when she realized her efforts had been in vain. She taped it from the bottom when she packed it again to prevent the goods from falling.
This was when Kaeya had the concept for BZbox and entered the country’s largest entrepreneurial competition, which she won. Her family immediately agreed and set aside what she wanted to accomplish with her life to support her and realize the idea would be a huge success.
BZBox Before Shark Tank
The founder of BZbox (pronounced Busy Box) is Kaeya Majmundar, a sophomore at Emory University. She wants a $50,000 investment for a 20% stake in her company in exchange for a $50,000 investment.
Kaeya got involved with BZBox shortly after her freshman year when her roommate asked her to store many boxes while she finished her chemistry final. Kaeya agreed. When she walked over to pick up the box, everything fell outright through.
Kaeya had to repack her roommate’s belongings for a long day; she needed a solution, which was when she invented the BZBox.
How was the Shark Tank Pitch of BZBox?
Kaeya Majmunder appeared on Shark Tank requesting an investment of $50,000 in exchange for a 20% stake in BZBox. Kaeya began discussing the occurrence with her buddy, which led to the concept of the storage box in front of them.
She explained how, after numerous prototypes, she developed the BZbox and used this concept to compete in an entrepreneur competition. She ultimately won the competition.
The sharks were invited to participate in a race, which Robert H accepted. Mark Cuban initiated the race, and the BZbox was built and ready to use within seconds. The sharks were surprised, but many decided to leave.
Kevin’s initial inquiry was about the cost of the BZbox. She stated that it was $1.75 for 10,000 boxes. Barbara stole the show when the girl was not considered an entrepreneur, and Kaeya could not listen.
Kevin was the first to offer the company $50,000 and 50% equity. Lori then makes a $50,000 offer for 40% company ownership. This brought joy to Kaeya’s eyes, and she agreed without hesitation.
Final Deal: Lori Greiner agreed to invest $50,000 for a 40% equity in BZBox.
BZBox Shark Tank Recap
Kaeya Majmundar, the founder of BZBox, presented her product on Season 6, Episode 29 of Shark Tank, which aired on May 8, 2015. During her pitch, Kaeya aimed to demonstrate the unique features and benefits of her collapsible, easy-to-use storage box.
She showcased the simplicity of assembling and collapsing the BZBox without needing adhesive tape or additional tools.
Kaeya emphasized the durability, water resistance, and eco-friendliness of the materials used in the construction of the BZBox, making it an ideal solution for moving or storage purposes.
Kaeya sought an investment of $50,000 for a 20% stake in her company. During the Q&A session with the Sharks, she faced several challenges. The Sharks questioned the product’s pricing, market potential, and scalability.
They also expressed concerns about the competition from other storage solutions and the overall demand for BZBox.
Lori Greiner offered $50,000 for a 40% equity stake in the company, and Kaeya accepted the deal. BZBox’s innovative design and space-saving features appealed to Lori, and the partnership helped the product gain more exposure and success in the market.
What Happened To BZBox After Shark Tank?
Lori appears to have utilized Kaeya for additional duties following her debut on Shark Tank. Kaeya is currently Kaeyos Inc., which is completely focused on the BZBox. Kaeya has grown to cover a diverse range of products, most now clothing lines.
The same online retailer that sells the BZBox also sells a range of other things, most notably apparel. Kaeya looks to have worked up to a management position under Lori’s tutelage and is living the American dream.
Following the transaction with the shark tank, Kaeya, the owner of BZbox, encountered a snag in her business. She eventually founded the new firm Keayos, which included its product development and marketing departments.
ZIP TANK was the second product that was featured on Project Runway. It’s an online subscription service for apparel. Kaeya, 22, is employed by Gwynnie Bee, a San Francisco-based technology firm.
Kaeya is also credited for developing the ZipTank, a tank top with a zipper. The tank top will transform into a bag, allowing it to be worn or utilized as a storage bag. Kaeyos, inc appears to be a venture heavily influenced by pop culture.
The product is available through online retailers such as Amazon. She had traveled to Laus for a contract to launch her enterprise. He was impressed with the product BZBox and requested that she contact him. However, Kaeya altered her course.
Lori Greiner mentors Kaeya Greiner, but BzBox does not need her money. Kaeya has not given up equity. A thousand BzBox boxes were sold over the next 48 hours following the show.
She has no longer updated her website because the market was too small, and she is working on other ideas.
BZBox Shark Tank Update
After appearing on Shark Tank, Kaeya Majmundar and her product, BZBox, faced some challenges, as she did not secure a deal with any of the Sharks. However, the exposure on the show helped bring attention to the innovative storage solution.
Following the show, it appears that Kaeya decided to pivot her entrepreneurial journey and pursue other ventures. While there is limited information available about the current status of BZBox, it seems that the product and its website are no longer active.
Kaeya found another company called Ziptank, which focused on creating clothing with a unique zipper design that allowed users to transition from a tank top to a sleeved shirt easily. She used the lessons learned from her Shark Tank experience to continue exploring new ideas and products.
Although BZBox did not achieve the desired success after Shark Tank, Kaeya Majmundar’s experience on the show provided her with valuable insights and exposure that helped her continue her entrepreneurial journey and explore new opportunities.
Is BZBox Still In Business?
After securing a deal with Lori Greiner on Shark Tank, BZBox experienced increased exposure and growth. Kaeya Majmundar, the founder, worked closely with Lori to improve and expand the product line.
They made several adjustments to the original design, including enhancing the durability and functionality of the boxes.
The partnership with Lori Greiner also helped BZBox gain access to her extensive retail connections, resulting in wider distribution and placement in well-known retail stores.
Additionally, BZBox benefited from Lori’s QVC platform, allowing them to reach an even broader customer base. The increased visibility and improvements made to the product contributed to the success of BZBox after its appearance on Shark Tank.
While specific details about the company’s current status may not be readily available, it’s evident that the partnership with Lori Greiner positively impacted the growth of BZBox.
The status of BZBox is unknown as the founder has not revealed any information regarding the business status. However, you can purchase BZBox from Amazon.
What is the Net Worth of BZBox?
The valuation of BZBox was $250,000 when it appeared on Shark Tank. The net worth of BZBox is unknown as of 2022 since the company went out of business.
Is BZBox Profitable?
Shark’s funding helped it get off to a strong start, but owner Kaeya had other plans. She refused to accept additional orders. Now that she is a member of a TECH startup, she has rebranded her business as ZIP TANK.