The Yubo Lunch Box is a product that was presented to investors in Season 5 of Shark Tank. It was designed with customization, sustainability, and practicality in mind, making it a truly novel solution to the classic lunch packing dilemma.
The Yubo Lunch Box is much more than just a regular lunch container. It incorporates a modular system that gives consumers the ability to customize their lunch box layout to suit their personal food preferences or dietary needs.
Users can neatly and conveniently pack a wide array of foods with interchangeable containers. The box also includes an integrated ice pack to keep food fresh and chilled, a bonus that significantly enhances the overall usability of the product.
Yubo Lunch Boxes stand out for their personalization capabilities. There are interchangeable faceplates on each box that can be swapped out to reflect the owner’s tastes, offering a virtually limitless variety of designs.
This feature not only adds a fun element to the otherwise mundane lunch box but it also provides children with a way to express their personality through their lunch gear, making it easier for them to identify their box in a crowd.
Furthermore, the Yubo Lunch Box was designed with sustainability at its core. It is made from BPA-free, phthalate-free, and lead-free materials, ensuring it’s safe for both the user and the environment.
The faceplates are recyclable, and the entire lunch box is dishwasher-safe, making it easy to clean. This aspect alone sets it apart from traditional lunch boxes, which are often discarded after a year of use, contributing to landfill waste.
The Yubo Lunch Box is an excellent choice for anyone seeking a versatile, customizable, and eco-friendly solution for packing meals.
It’s more than a lunchbox; it’s a statement of one’s commitment to reducing waste and expressing personal style with innovative design elements and a focus on sustainability.
Yubo Lunch Box offers a fresh approach to a daily necessity, turning mealtime into a fun and sustainable activity.
|Company Name||Yubo Lunch Box|
|Entrepreneur||Cyndi Pedrazzi, Paul Pedrazzi, and Dan Harden|
|Product||Lunchboxes with personalized designs|
|Investment Asking For||$150,000 for 15% equity in Yubo Lunch Box|
|Final Deal||$150,000 for 20% equity in Yubo Lunch Box|
|Shark||Kevin O’Leary and Robert Herjavec|
|Yubo Lunch Box Episode||Season 5, Episode 16|
|Yubo Lunch Box Business Status||Out Of Business|
|Yubo Lunch Box Website||Visit Website|
|Yubo Lunch Box Net Worth||$0|
What Is Yubo Lunch Box?
Yubo Lunch Box is a brand of customizable lunch boxes and accessories. It allows users to personalize their lunch boxes with interchangeable faceplates, containers, and ice packs.
Yubo Lunch Box is known for its eco-friendly and durable design, making it a popular choice for school and work lunches.
Yubo Lunch Box offers a unique and customizable lunch box experience. Here are some more details about Yubo Lunch Box:
- Personalization: Yubo Lunch Box allows users to personalize their lunch boxes with interchangeable faceplates. These faceplates can be easily switched out to match different styles or moods.
- Containers: The lunch box comes with three dishwasher-safe containers that are perfect for packing a variety of foods. These containers are leak-proof and can be used to store sandwiches, fruits, snacks, and more.
- Ice Packs: Yubo Lunch Box also includes an ice pack that fits perfectly inside the lunch box to keep food fresh and cool throughout the day. The ice pack is removable and can be easily frozen overnight.
- Eco-Friendly: Yubo Lunch Box is committed to sustainability. The lunch boxes are made from BPA-free materials and are durable, which means they can be reused for years, reducing the need for disposable lunch containers.
- Easy to Clean: The lunch boxes and containers are dishwasher-safe, making them easy to clean after each use. This feature saves time and ensures that the lunch box is ready for the next day.
- Size and Design: Yubo Lunch Box is designed to be compact and lightweight, making it easy to carry around. The lunch box is available in different colors and patterns, allowing users to choose a design that suits their style.
- Accessories: Yubo Lunch Box offers additional accessories such as water bottle holders, sandwich containers, and utensil sets that can be added to the lunch box for added convenience.
Yubo Lunch Box offers a customizable, eco-friendly, and practical solution for packing lunches. It allows users to express their style while keeping their food fresh and organized.
Who Is The Founder Of Yubo Lunch Box?
The Yubo Lunch Box was founded by Paul and Cyndi Pedrazzi, a couple who were motivated by the experience they had with their two young daughters’ school lunches.
Disappointed with the disposable nature of traditional lunch bags and the inadequate cleaning options for fabric lunchboxes, they saw a significant opportunity in the market for a sustainable and hygienic solution.
Before creating Yubo, they were regularly using around 2,000 plastic bags per year, an environmentally unsound practice that troubled them.
Furthermore, the lunchboxes they used would often come home dirty and were not dishwasher-safe, posing hygiene concerns. Unable to find a lunchbox that met their standards for cleanliness and sustainability in the market, they decided to invent their solution: Yubo.
Yubo was conceived with the aim of addressing both these concerns. The Pedrazzis designed the Yubo lunch box to be customizable, sustainable, easy to clean, and fun for children to use.
This creative solution included a customizable front plate that could be easily changed as per the child’s preferences, reducing the need to buy new lunch boxes and thus promoting sustainability.
They also made sure that the Yubo lunch box was dishwasher safe, resolving the cleanliness issue they had faced with traditional fabric lunch boxes.
Before Yubo Lunch Box appeared on Shark Tank, it was a budding business in its early stages. Despite the practical and innovative nature of their product, the Pedrazzis were struggling to break into the highly competitive lunchbox industry.
However, their dedication to their vision and their commitment to creating a product that was both fun for kids and better for the environment carried them through these early challenges, leading them to seek investment and exposure on Shark Tank.
How Was The Shark Tank Pitch Of Yubo Lunch Box?
Paul and Cyndi Pedrazzi pitched their innovative product, Yubo Lunch Box, on Shark Tank with clear enthusiasm and dedication. They were seeking an investment of $150,000 in exchange for a 15% stake in their company, valuing Yubo Lunch Box at $1 million.
Their presentation was thorough and detailed, demonstrating the unique aspects of Yubo, including its customizable designs, dishwasher-safe features, and the ability for children to create their designs.
The Sharks were shown custom Yubos, with faceplates easily changeable by simply pulling a corner.
Paul and Cyndi explained that Yubo came in two models: a basic lunchbox priced at $21.95 and a deluxe version that includes three containers and retails for $30 without personalization and up to $40 with personalization.
The Sharks appreciated the product’s design, particularly its easy disassembly and dishwasher-safe aspect.
The Pedrazzis informed the Sharks that Yubo had already entered approximately 100 retail stores nationwide and was sold internationally through their website.
In four years, they had entered the sales arena, selling $200,000 to $250,000 worth of products in the year of filming alone. They held two patents and the Yubo trademark.
The founders were not only looking to expand their existing channels but also aimed to integrate personalized photos into their product, which could be printed in real-time at amusement parks or locations like Disneyland. However, they needed the capital investment to make this deal.
Invested in their company, the Pedrazzis disclosed that they had put $350,000 of their own money into Yubo. To compensate their industrial designer, they gave him 20% of their company and a royalty of 5% to 1%, based on unit sales in perpetuity.
This deal was met with skepticism from the Sharks, especially Mark Cuban, who voiced concerns about the perpetual royalty and the competitiveness of the lunchbox industry.
Barbara Corcoran also expressed reservations about the size of the lunchbox, stating that it might not fit into a backpack.
Kevin O’Leary made an initial offer of $150,000 for a 10% stake in the company, plus a royalty that matched the designer’s. The Pedrazzis declined this offer due to the size of the royalty.
Subsequently, Robert Herjavec offered $150,000 for 30% equity, with no royalty involved. Lori Greiner, with existing relationships with Disney and Walmart, offered $150,000 for a 20% stake.
Further negotiations saw the Sharks adjusting their deals. Kevin revised his offer to $150,000 for 20% equity, which could drop to 12.5% if the investment was repaid in full within 18 months.
Lori then proposed a similar deal: $150,000 for 15%, with the investment to be repaid within 15 months.
However, it was a combined offer from Kevin O’Leary and Robert Herjavec that eventually won the Pedrazzis over. They proposed $150,000 for 20% equity, which would decrease to 10% once the investment was repaid within 18 months.
Paul and Cyndi accepted this deal, gaining the mentorship of two Sharks and the much-needed capital for their business.
Did Yubo Lunch Box Get a Deal on Shark Tank?
Yes, YUBO Lunch Box did get a deal on Shark Tank. Entrepreneurs Cyndi and Paul Pedrazzi presented their lunchbox system, which offered easy cleaning and food storage solutions.
They asked for $150,000 in exchange for 15% of their business. The Sharks showed interest in their product, and after negotiations, they reached a deal with Robert Herjavec and Kevin O’Leary.
The final agreement was $150,000 in exchange for 20%, with the possibility of reducing Kevin’s cut to 10% if the loan was repaid within 18 months. However, according to the update, YUBO ceased operations in 2019, five years after appearing on Shark Tank.
What Happened To Yubo Lunch Box After Shark Tank?
After their appearance on Shark Tank, Yubo Lunch Box experienced a significant upsurge in business. Their lunch box started selling all around the world, both online and in physical retail stores, demonstrating the power of the exposure they gained from the show.
In response to this success and growth, the company expanded its product line, introducing washable totes and larger food storage solutions designed to cater to a wider audience, including teens and adults with larger appetites.
Despite this success, the journey for Yubo Lunch Box came to an end a few years later. Cyndi Pedrazzi announced on the company’s social media pages five years after they appeared on Shark Tank that they would cease operations in 2019.
This was a surprising development given the promising growth and success of the Yubo Lunch Box post-Shark Tank. However, it highlights the challenging and unpredictable nature of entrepreneurship, even with initial success and publicity.
Yubo Lunch Box Shark Tank Update
After appearing on Shark Tank, Yubo Lunch Box experienced a significant increase in purchase orders and gained popularity in the lunch box market.
They started selling their product in various parts of the country and expanded to international markets, including Hong Kong, Turkey, Netherlands, UAE, and England. They received media coverage and interviews for their innovative product.
However, after 10 years of business, Yubo Lunch Box decided to shut down its operations in January 2019. The owners announced their decision on their Facebook page, mentioning their desire to pursue other adventures. The exact reasons for their closure were not disclosed.
Yubo Lunch Box faced competition in the lunch box market from brands such as LunchBlox, School Zone Lunch Boxes, and LunchBots.
At the time of appearing on Shark Tank, the estimated net worth of Yubo Lunch Box was $750,000. Although the company is no longer in business, it achieved a valuation approximately two times higher before shutting down.
Yubo Lunch Box experienced success and growth after appearing on Shark Tank but eventually decided to close its operations for undisclosed reasons.
Is Yubo Lunch Box Still In Business?
Our research shows that YUBO Lunch Box is no longer in business. Cyndi posted on the company’s social media pages five years after appearing on Shark Tank that the family would be moving on to new ventures and that the company would be ceasing operations in 2019.
What Is the Net Worth Of Yubo Lunch Box?
According to our research, the net worth of Yubo Lunch Box has been $0 since the company went out of business in 2019. The valuation of Yubo Lunch Box was $750,000 after securing an investment from Robert Herjavec and Kevin O’Leary on Shark Tank.
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