Backpacks can be really boring, at least that’s what Jack DuFour and Alley Heffern discovered during a trip to Uganda. The beautiful local fabrics inspired them to create backpacks that represent countries using their traditional fabrics. Will their product earn them a deal on
Shark Tank Taaluma Totes Update
- Entrepreneurs: Jack DuFour and Alley Heffern
- Business: Backpacks using traditional fabrics from various countries
- Ask: $110,000 for 15% equity
- Result: No deal
- Sharks: None
Jack and Alley brought their Taaluma Totes backpacks into the tank for the sharks to see. They explained that each bag is paired with a country, and made using its traditional fabrics. When a bag sells, it funds a micro loan for a person in the country that the bag represents. The sharks were given samples and were not only impressed with the designs but also their quality.
In the ten months prior to filming, Jack and Alley had sold just over $60,000 in gross revenue sales. The cost to manufacture a single item is $27.00, while each bag sells for $65.00. Daymond John thought the bags should be priced much higher, while Lori Greiner appreciated that they were making their items more affordable.
Robert Herjavec was the first shark to drop out, sharing that the company was in too early of a stage for him to invest. Mark Cuban loved the product, but didn’t feel they were a company yet, so he too dropped out. Lori also dropped out for similar reasons. Daymond was impressed with their mission but not their margins, so he was next to drop out. Last but not least, Kevin O’Leary had issues with their valuation, so he was the final shark to go out.
With all of the sharks going out, Jack and Alley were forced to leave the tank without a deal. What became of their company? Keep reading our Taaluma Tote update to find out!
Our Taaluma Totes update is surprisingly positive! In terms of how the company has grown over the years, it’s estimated that they’ve managed to generate more than $2.5 million in revenue annually. You can get your own country inspired backpack on the Taaluma Totes website.
Are you interested in learning about the other companies featured on Season 6 Episode 20? Follow the links below for our other company updates from the episode.
For even more on companies and products, be sure to stop by our Season 6 Products Page!
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