According to Alan Yeoh and Amelia Trumble, Americans throw away nearly 12 million tons of textiles every single year. That’s why they’ve created a company that makes it convenient to recycle unwanted clothes and household textiles for customers. Will the sharks offer them a deal on
Shark Tank Retold Recycling Update
- Entrepreneurs: Alan Yeoh and Amelia Trumble
- Business: Textile mail-in recycling service
- Ask: $300,000 for 15% equity
- Result: $300,000 for 25% equity
- Sharks: Mark Cuban
Alan and Amelia brought their mail service textile recycling company, Retold Recycling to
They explained that some items are not donatable to charities, so this was a great option. They are also beginning to partner up with clothing brands that want to offer this option to their customers.
Retold Recycling mails a postage-paid envelope to customers who pay $14.50 for the bag. They then fill that bag with around 5 pounds of textiles and drop it in the mailbox. The clothes are then carefully sorted before being sold to thrift stores, textile up cyclers, and recyclers.
Alan told the sharks that they had launched in 2020 and only generated about $12,000 that year. In the following year, sales jumped to $175,000. In the year of filming, they were projecting $500,000 in sales.
Kevin O’Leary was the first shark to drop out because he didn’t feel he’d get a return on his investment. Guest shark Emma Grede respects the mission but didn’t see it as a business, so she too went out. Lori Greiner and Robert Herjavec went out for that same reason.
Mark Cuban was willing to help, offering Alan and Amelia $300,000 for 25% equity and they accepted! What happened next for their company? Keep reading our Retold Recycling update to find out!
We have good news to share in our Retold Recycling update. Alan and Amelia are still working hard and the company is still in business and has continued to grow since securing a deal with Mark Cuban.
With the exposure of
We’ve partnered with six companies to put together a Shark Tank Stocking Stuffer Box that’s worth $100! Here’s everything that’s in the box:
- Sheets Laundry Club Travel Packs x2
- Honey Bee Bars - 12 Pack
- Snactiv Finger Chopsticks
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- Pizza Pack
- Nature’s Wild Berry Sampler Pack
Do you want to learn about the other companies featured in Season 14 Episode 14? Follow the links below for our other company updates from the episode.
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Jeremy is a regular contributor at Shark Tank recap. He has a ton of passion for the show and enjoys researching information about what all the companies are up to now. His favorite Shark Tank companies are The Cookie Dough Cafe and Kronos Golf!