Kaeya Majmundar wants to pack up an investment for The BZBox, her collapsible, easy to assemble box, in the season finale of Shark Tank on May 16. The Emory College junior started designing the BZBox in 2012 while filing patents and applying for Shark Tank. The company didn't have any sales, so she was a bit hesitant about applying, but after winning the Collegiate Entrepreneurs Organizations National Elevator Pitch competition in November 2012, she was ready for a swim with the Sharks.
The BZBox is designed for people, like college students, that need to pack things up frequently. It folds flat after unpacking in an instant for easy storage and it's ready to go just as quickly when it's time to pack up again. The product isn't ready for market just yet (the business doesn't even have a website), but Kaeya is negotiating licensing deals while going to school.
The BZBox is likely looking for some Shark help getting those licensing deals done and getting into retail stores.
The BZBox Shark Tank Recap
Kaeya will pitch the panel of five Sharks on the business and its prospects for growth. She’ll need to convince Mark Cuban, Lori Grenier, Kevin O’Leary, Barbara Corcoran, and Robert Herjavec that the company is worthy of a Shark investment. A good business plan, good financials, and sales data will impress the Sharks, but she’ll need to show them SHE is capable of running the company to “Shark standards." A full pitch re-cap on The BZBox will be available on Shark Tank Blog once this episode airs.
The BZBox Shark Tank Update
The Shark Tank Blog constantly provides updates and follow-ups about entrepreneurs who have appeared on the Shark Tank TV show. Once an episode has aired, we monitor the progress of the businesses featured, whether they receive funding or not and report on their progress. The Shark Tank Blog will follow-up on The BZBox and Kaeya Majmundar as more details become available.
Posts About The BZBox on Shark Tank Blog
The BZBox Information