Wedy update

Wedy Wedding Planning App Update | Shark Tank Season 15

Rumaiza and Anas Ali pitched their wedding planning app during Shark Tank Season 15. Wedy helps engaged couples plan their weddings with ease. Will they seal the deal with an investment from a shark? Find out in our Wedy update and pitch recap!

If you’re short on time, here’s a quick overview of what happened to Wedy after Shark Tank!

Rumaiza and Anas Ali appeared on Shark Tank Season 15 but walked away without a deal. In terms of a Wedy update, the company is still in business and received a lot of new app downloads after airing on Shark Tank.

Shark: Result:
Mark Cuban No offer
Kevin O’Leary No offer
Lori Greiner No offer
Robert Herjavec No offer
Barbara Corcoran No offer

Shark Tank Wedy Update

Wedy update

  • Entrepreneurs: Rumaiza and Anas Ali
  • Business: Wedding planning app
  • Ask: $300,000 for 5% equity
  • Result: No deal
  • Shark: None

Architect turned luxury destination wedding planner Rumaiza and her aeronautical engineer husband turned business partner created Wedy. Their app helps couples easily plan the wedding of their dreams through their wedding marketplace.

Their app is the first of its kind, and it helps couples simplify the wedding planning process.

Weddings can be a huge headache to arrange, especially because each vendor or service has a separate contract. For the average bride and groom, that’s a lot to manage, organize, and oversee.

Wedy allows users to bundle services to book their dream wedding. However, when couples use Wedy, there’s only one contract and one price tag.

In a fun turn of events, after the initial pitch of their app, Rumaiza and Anas introduce a couple that is about to be married on the set of Shark Tank. The entrepreneurs explain that this particular couple used the Wedy app to plan their special day’s details.

However, they still need an officiant to perform the ceremony, and as it turns out, Mr. Wonderful himself is ordained. Kevin O’Leary is invited up to marry the couple for a first in Shark Tank history.

After the ceremony, the sharks are ready to get down to business.

Kevin already happens to be in the wedding business with HoneyFund and points out that The Knot is already doing something similar and wants to know how Wedy is actually different.

Rumaiza explains that customers find them organically through SEO. That said, they are not national but regional in seven markets.

The couple makes money by receiving 24% of every package sold on the app. Further, they’ve been in business since 2020.

The app works by allowing vendors to create accounts and list different service packages. Wedy then bundles these services based on the bride and groom’s budget to round out everything needed for a wedding and sells them to its users.

Customers come to the app and tell Wedy what they want. The app uses this data to put together a package for them to purchase. In turn, this saves couples time and money compared to if they had to seek out all of the vendors and services on their own.

Mark Cuban wants to know how business is going. The couple shares that their gross lifetime revenue is $1.5 million.

In 2020, sales were $73,000, in 2021, sales were $91,000, and in 2022, sales were $510,000.

Fast forward to the year of filming, and they project sales of $850,000. However, they will only profit about $60,000.

They also spend about 8% of their revenue on advertising costs. With this information, Mark doesn’t believe the company has justified its $6 million valuation, which ultimately isn’t good news for Rumaiza and Anas.

Soon after Mark points this out, Robert Herjavec drops out over concerns that the road ahead will be too challenging.

Consequently, Mark agrees, therefore he goes out next.

Barbara Corcoran loves the couple; however, she encourages them to continue grinding ahead without a shark and drops out.

Lori Greiner thinks it’s too early to invest, so she also goes out.

Last but not least, Kevin says he’s very impressed with their presentation, but he’s already in the wedding space with a similar company and dropped out.

Do you think Rumaiza and Anas managed to progress well without a shark? Keep reading our Wedy update to find out!

Although Rumaiza and Anas didn’t make a deal on Shark Tank, our Wedy update found that things are still going well for Rumaiza and Anas.

We checked out the Wedy website, and they’ve created a great tagline: “We can get you married anywhere, including the sets of Shark Tank!”

The exposure from Shark Tank will undoubtedly bring new users to the app, some of whom will likely book wedding packages through Wedy.

Their website is filled with endless options for planning your special day, so if you’re engaged or about to be, check it out so you can have a little less stress as you plan!

Once the dust settles, we will circle back for another Wedy update to see how things are going.

In the meantime, you can check out our other company updates from Season 15, Episode 20, by following the links below!

For even more on companies and products, be sure to stop by our Season 15 Products Page before you go!

Website | + posts

Andrew Smith is the founder and owner of Shark Tank Recap. He is a longtime Shark Tank fan that has been watching it for years and has seen every episode multiple times. His friends know him as the Shark Tank expert, because he can answer any question about the show! His favorite Shark Tank products are Bertello's pizza oven and Bug Bite Thing!