Gauri Nanda wants to change the way kids communicate with Toymail, wifi enabled plush toys that deliver voice or text messages. She pitches her business to the Sharks in Shark Tank episode 817. Nanda founded Toymail in late 2013 with her business partner Audrey Hill, who doesn't appear in the Tank. They got their business off the ground with a successful Kickstarter campaign that raised $83,341.00. They used the funds for their first round of production.
The centerpiece of Toymail are the “Talkies” and the accompanying app. Through the app, grown-ups can send a voice message to the Talkies. Kids can play the messages and send a message back to the original sender. They can also send messages to other Talkies.
They come in three sizes. Talkies are the largest and cost $59. Teensies are a mini version that don't send messages – they just record a child's voice; they cost $10. Weensies just make silly sounds and fit on a key chain; they're $15. Customer reviews indicate that not only does the product work well, but that folks are very happy with it.
Nanda likely wants a Shark's help getting into mass retail spaces. Will a Shark mail in an offer and invest?
Toymail Shark Tank Recap
Gauri will pitch the panel of five Sharks on the business and its prospects for growth. They’ll need to convince Mark Cuban, Robert Herjavec, Kevin O’Leary, Lori Grenier, and Chris Sacca that the company is worthy of a Shark investment. A good business plan, good financials, and sales data will impress the Sharks, but she’ll need to show them SHE is capable of running the company to “Shark standards.” A full pitch re-cap on Toymail will be available on Shark Tank Blog once this episode airs.
Toymail Shark Tank Update
The Shark Tank Blog constantly provides updates and follow-ups about entrepreneurs who have appeared on the Shark Tank TV show. Once an episode has aired, we monitor the progress of the businesses featured, whether they receive funding or not and report on their progress. The Shark Tank Blog will follow-up on Toymail and Gauri Nandaas more details become available.
Posts About Toymail on Shark Tank Blog
Toymail Company Information