Ava the Elephant is a type of talking toy that works as a medicine dispenser and is specifically made for sick children. Many children suffer from different types of illness, and they must take the medicine at the proper time.
Ava the Elephant Shark Tank Overview:
| Company Name | Ava the Elephant |
| Founder | Tiffany Krumins |
| Product | Medicine Accessory |
| Asked For | $50,000 for 15% equity |
| Final Deal | $50,000 for 55% equity |
| Shark | Barbara Corcoran |
| Episode (Shark Tank US) | SEASON 1 EPISODE 1 |
|---|---|
| Air Date | August 9, 2009 |
| Business Status | In Business |
| Net Worth 2024 | $1 Million |
The inventor of this medicine reminder toy named the product Anna the Elephant, but it became ‘Ava the Elephant’ when the company made a deal with Shark Tank.
Ava the Elephant is a useful and practically applicable product that helps children take medicine quickly. Ava the Elephant looks like a cute little toy to the children, and it’s a useful device, too.
Ava the Elephant Shark Tank Update:
The inventor of Ava the Elephant took her self-developed product in Shark Tank season 1 episode 9, which was 2013. She showed the practical application of the product and shared her business plan. Then she asked for $50thousands US dollar investment from the Sharks and offered 15% share of the company.
Every investor of the Shark Tank reality show talked about the valuation at last, Barbara Corcoran made a deal with Ava the Elephant for 55% share of the company and provided the required investment.
What happened to Ava the Elephant after Shark Tank?
Ava the Elephant is one of the most successful companies which made deals in the Shark Tank reality show. After Shark Tank, Ava the Elephant got the investment and the publicity.
So, the sales of the product grew constantly. The annual revenue of Ava the Elephant started to increase, and now Ava the Elephant is available in more than 10 thousand stores across America.
Ava the Elephant Net Worth:
In 2024 the total net worth of Ava the Elephant company is $1 million US dollars. The company received just fifty thousand dollars in investment and raised all the money from the annual revenue.
At present, the average annual revenue of Ava the Elephant is close to $1 million. For the 55% share of the company, the Shark Tank investor gets $333 thousand US dollars from the company’s revenue.
Ava the Elephant Founder:
The founder of Ava the Elephant is Tiffany Krumins, who invented different types of devices that can be used as both toys and medicine instructors. She thought about the easy way of children’s medicine-taking process and made the thing that works.
