Rags to Raches Shark Tank Update

Rags to Raches Shark Tank Pitch

Rachel Nilsson appeared on Shark Tank Season 7, Episode 19, which aired on February 20, 2016, with kids rompers and jumpsuits.

Rags to Raches is listed in the Clothing Fashion category. In plain terms, the business is described as kids rompers and jumpsuits.

Rags to Raches asked the Sharks for $200,000 for 20%, implying a valuation of about $1 million.

On the show, Rags to Raches made a listed deal with Robert Herjavec for $200,000 for 15%.

If treated as straight equity, the listed deal works out to about $1.3 million implied valuation, up from the original $1 million implied valuation.

This pitch is included as context for the more important question: what happened after Shark Tank.

Rags to Raches After Shark Tank

Rags to Raches accepted an on-air Shark Tank deal for $200,000 for 15%. The on-air deal did not close. Follow-up reporting lists the company as in business. (Rags to Raches Shark Tank Update

She plans to continue to expand her line, and become the "Amazon of children's clothing." In 2018, she got a $1.5 million venture investment which helped propel the brand into retail. (Rags to Raches Shark Tank Update

She still uses the "limited edition" tactic as it keeps her customers engaged. (Rags to Raches Shark Tank Update

She had offers from over 100 retailers looking to sell her products. (Rags to Raches Shark Tank Update

She's now in Nordstrom's and has a deal with Disney. (Rags to Raches Shark Tank Update

The official website for Rags to Raches is listed as rags.com. (Rags to Raches website

Sources

Sources used for this page: Shark Tank API pitches