Jiggy Puzzles is an unusual puzzle game with a jigsaw puzzle inside of a gorgeous picture of animals on the cover. The objective is to find all of the pairs in the image and put together the two puzzles.
Kaylin Marcotte was motivated to establish the company since she relied on puzzles as a daily way to decompress from her demanding startup job, but she thought the designs could be better.
What is Jiggy Puzzles Net Worth?
As of October 2023, Jiggy Puzzle has amassed a fortune of $4 million. When the company went on Shark Tank in 2019, its valuation was around $10 million. From 2020–2022, it also maintained annual revenues of roughly $4 million. It continued to have roughly $ 2.5 million in annual income this year.
Now the company mostly concentrates on manufacturing creative products of different artists. After that, it provides jigsaw puzzles of various topics. However, the product is principally meant to provide female artists worldwide with a method to showcase their skills while giving mental relaxation to the purchasers.
Who is the Founder of Jiggy Puzzles?
Kaylin Marcotte founded Jiggy Puzzles to produce original and engaging jigsaw puzzles showcasing the work of women artists.
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In 2019, we launched our business to make puzzles worthy of being hung on the wall.
U.S. customers can sign up for the service for as little as $26 per month, while individual puzzles can cost anywhere from $40 to $150. After putting together the puzzle, you can use the included adhesive to protect the artwork.
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What Happened to Jiggly Puzzles on Shark Tank?
Jiggy Puzzles, a startup that launched at the beginning of 2019, has seen rapid expansion and expects to close the year with revenues of over $2.25 million.
Kaylin’s business is successful without any loans or investors. To raise $500,000 for a 5% ownership in her $10 million business, Kaylin appeared on the show Shark Tank.
She’d like to hire someone to assist her in overseeing the business’s explosive growth and perhaps implementing a subscription plan.
The Sharks are enthusiastic about the product and the company’s goals, but they are concerned about the company’s ability to survive the pandemic.
Kevin O’Leary proposes an investment of $100,000 in exchange for 15% ownership and a loan of $400,000 at 10% interest for 36 months in exchange for 26% ownership.
When Mark Cuban offered $500,000 in exchange for 15% ownership and a matching fundraising effort of $50,000, Kaylin was hesitant to give up so much of her company.
What Happened to Jiggy Puzzles after Shark Tank?
After being featured on Shark Tank, the company’s one-of-a-kind puzzles experienced a surge in sales within a matter of weeks. Sophia Bush, Lili Reinhart, Allison Williams, and Demi Lovato are among the famous people who have contributed their designs to it.
Jiggy Puzzle Club is a membership service that provides members with early access to new puzzle designs, discounts, and a supportive online community in addition to the usual perks of being a Jiggy Puzzle Club member. In 2021, it is anticipated that annual sales will exceed $4 million.
Are Jiggy Puzzles still in Business?
Jiggy Puzzles is still in business and bringing in over $4 million a year as of 2023. The product has been on the market for a relatively short time before its appearance on Shark Tank. Since then, Jiggy Puzzle’s hand-made puzzles have been extremely popular.
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