Foam Party Hats appeared in Shark Tank India Season 12 Episode 5. This is a foam party hats company that produces stunning hats to be worn at parties as well as on various occasions.
This hat start-up business was created by Manuel Rojas and Grace Rojas and when they visited Shark Tank they told the sharks to invest $100,000 for a 15% equity.
Foam Party Hats is a popular company that produces various kinds of hats. As per the latest reports, the valuation of the hats market is about $10 billion.
There are a lot of firms in the United States that produce hats. But Foam Party Hats is unique. Let’s learn more about it.
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What are Foam Party Hats?
Foam Party Hats is a popular hat company that provides over 600 various kinds of foam wigs, party hats, and party accessories. They always manufacture handmade products. Their shops are situated in Texas, Houston. You may even personalize a hat as per your requirement.
These outstanding party hats of this company bring fun and craziness to any wedding or party. There is a wide range of party hats available in this company kike novelty, wacky, elegant, and theme hats that may cater to any occasion like weddings, birthdays, bachelorette parties, bachelor parties, and many more.
Besides the party hats, the company also manufactures masks, foam wigs, and many other accessories for parties that may add a touch of enjoyment to any occasion.
The company has experienced and efficient crafters and designers who may produce personalized hats as per the requirements and specifications of the client like combining slogans, logos, or customized messages.
They may also manufacture hats that correspond to the theme or color scheme of an occasion so that they can add a touch of color and fun. There is a reliable customer base of this company both nationally and internationally because the company always provides the best quality products and customized services.
The company aims to provide unusual and fun party accessories and for this reason, those who are willing to add a touch of fun and craziness to their occasions choose this company. You may check the wide range of outstanding hats and stylish fascinators of this company no matter if you are searching for a hat for a birthday or wedding.
With the help of these hats, you may make rain on your social media posts. Foam Party Hats provides hats for any well-structured and high-quality occasion. The company tries to fulfill special requests and provides free shipping for orders of $250 within the U.S.
The most important issue they have is production. They have worked with a lot of large companies and organizations for producing customized hats for particular occasions. We can not think of a party without Foam Party Hats because it has a lot of stock styles and a wide range of options.
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Who founded Foam Party Hats?
Foam Party Hats was founded by Manuel And Grace Rojas. This husband-wife duo created Foam party Hats for bringing joy and merriment to various celebrations and occasions.
Manuel has come from Venezuela and he studied engineering. So, he had the required technical knowledge for creating the best quality foam party hat. He was also able to make long-lasting and cozy designs due to his engineering background.
On the contrary, Grace showed her creativity and business sense in this. She also helped to operate the design process and drive the market. They created a strong team together that incorporated their complementary knowledge for improving the business.
The idea of creating foam party hats came to their mind when they went on a trip for a family occasion in Venezuela. Both Manuel and Grace saw the idea of foam party accessories for the first time.
They understood how important these products are in the American market. So, they began to manufacture foam hats from their garage in Houston, Texas. Their designs became popular very soon and that is why they decided to found Foam Party Hats.
The couple decided to pitch their business on Shark Tank in November 2020. They grabbed the attention of the sharks with their lively presentation. The sharks were also impressed seeing the potential of their product. The investors Mark Cuban and Lori Grenier were greatly impressed and determined to invest $100,000 for a 25% stake in the company.
The founders got the required capital to level up their processes and improve their business. They faced a lot of challenges. Their hard work and dedication paid them off and helped them to meet their desired result. Their unique business always adds a special touch of craziness to any kind of event.
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Foam Party Hats Before Shark Tank
Before Shark Tank, Foam Party Hats had made a nice number of sales. The maximum sales have come through online. Now it is gradually bringing its products to the offline market. You may now see the products of Foam Party Hats in various retail shops in Texas.
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Did Foam Party Hats Get a Deal on Shark Tank?
The founders of Foam Party Hats Manuel Rojas and Grace Rojas gave an attractive presentation in Shark Tank. The sharks liked their presentation and hence they injected the quality of their products along with their usability.
The founders proposed the sharks give 15% equity in their company if they invest $100,000 in their company. The founders and the investors negotiated a lot in this matter.
At last, Mark Cuban and Lori Grenier decided to invest an amount of $100,000 in their company for 25% equity.
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What Occurred To Foam Party Hats After Shark Tank?
The people of Texas cities only knew Foam Party Hats before they appeared on Shark Tank. But as soon as they took part in Shark Tank, Foam Party Hats became popular all across the United States.
There are a lot of companies who are doing this business. But people relied on the Foam Party Hats company because of their unique idea. That is why the sales of this company increased a lot. They appeared in the time of utmost sales.
Lori has not closed the deal with this company yet. The company has introduced a lot of new products so that they can expand their products for various categories.
The party hats are now available on Amazon. So, if you want to purchase it you may also visit Amazon. Crocodile Hats are the winning product of this company. They sold 1674 Crocodile Hats in June 2022.
The company is based in the United States but it ships hats to more than 30 countries including the UK, Spain, Singapore, France, Italy, Kanada, China, New Zealand, Israel, and many more.
Their Crocodile Hats were featured at the “Mardi Gras! Galveston” event in February 2023. You may get their products in more than 750 shops in the United States.
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Foam Party Hats Shark Tank Update
The founders Manuel and Grace gave an amazing pitch in Shark Tank. They managed to get adequate funding by representing their foam hats on Shark Tank. When they received funding a lot of people started to purchase hats from this brand for their parties.
They revealed the sales of their brand in Shark Tank Season 14 Episode 15 on 3rd March 2023. The company has developed $1.3+ million in sales from the date of appearing on Shark Tank to March 2023.
Shark tank foam hats are now available in more than 750 stores all over the nation and the founder bought a lot of kits for automating the production. After Shark Tank, Foam Party Hats is doing very well.
For further foam hats shark tank updates we are observing Manuel Rojas and Grace Rojas along with their business.
After appearing on Shark Tank, Foam Party Hats has done the following things:
- The company has raised its sales by 500%.
- The company became available in more than 100 countries around the world.
- The company extended its product line to add more foam party accessories.
- The annual revenue of the company exceeded $1 million.
- The founders think of expanding and growing the company.
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What Is The Net Worth of Foam Party Hats?
Foam party hats’ net worth was $400,000 when the company managed to get a deal from Mark Cuban and Lori Grenier on Shark Tank. As of 2023, foam party hats shark tank’s net worth is about $4 million. Manual and Grace Rodriguez founded the company in 2010. They began to sell foam party gets at local occasions.
The founders took part in the Shark Tank Tv show along with their company in 2020 and got funding from Mark Cuban and Lori Grenier. From then on, the company has developed incredibly. Foam party hats’ net worth in 2022 is $2.5 million. They sell different kinds of foam party hats along with hats for birthdays, weddings, holidays, and other particular events.
The hats of this company are made up of the best quality materials and you may get them in different styles and colors. Partygoers of all ages like foam party hats. The products of this company are not available online as well as at select retail shops.
The factors that play a very important role in the development of Foam Party Hats are as follows:
- The company focused on quality and creativity. The company utilized the best quality materials for producing hats and manufactures the hats in different styles and colors. The company is continuously trying to innovate and introduce new products and designs.
- The company was available online strongly. The company sells its products online through its website and Amazon. You may easily use the website of the company and it will give your different payment options.
- The company has a strong brand recognition that helped the company to grow. This is a popular brand among the partygoers. The products of the company are featured in significant retailers and magazines and it has a very strong social media presence.
The company Foam Party Hats became very successful and it has a very bright future. We expect that the company will develop more in the upcoming years.
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Is Foam Party Hats Still In Business?
The hat company, Foam Party Hats, was developing very well before taking part in Shark Tank. People gave good responses to the online store of this brand on Amazon.
The sales of the company hiked incredibly as soon as the company got funding. For the company Mark Cuban and Lori Grenier became very successful investors.
The official headquarters of the company is located in Houston, Texas, United States and it appoints 5-10 people as per its LinkedIn profile.
As of March 2023, the company, Foam Party Hats, is still doing business actively. The latest updates about the company are given below:
- The company declared in July 2021 that it was doing business and was grateful that weddings were taking place again after the Covid-19 pandemic.
- The company declared in January 2023 that the annual revenue of them has become more than $1 million.
- The company again declared in March 2023 that it was going to extend its product line to add foam wigs and party accessories.
The company Foam Party Hats has become very successful and it is still developing. It is an apt instance of how a small company can become successful with hard work and devotion.
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Which is the best seller of the Foam Party Hats brand?
Jester Hat and Crocodile Hats Are the best sellers of the Foam Party Hats brand.
Did the foam party hats get a deal on Shark Tank?
Yes, Foam Party Hats managed to get a deal on Shark Tank. Mark Cuban and Lori Grenier decided to invest in the company.
How much are foam party hats worth?
Over the years the company had made more than $3.5 million from sales. As of 2023, the annual income of this business is approximately $1 million. The net value of the business as of 2023 is nearly $2 million.