The Woobles after their appearance on Shark Tank! We explore how the company has grown, successes, challenges and what their future looks like.
In 2018, The Woobles, a children’s toy company, entered the Shark Tank seeking a $150,000 investment in exchange for a 10% equity stake in their business. Their pitch was centred around their innovative plush toy designs that could be customised by children and parents alike, which they believed could disrupt the traditional toy industry.
The Woobles quickly caught the attention of the Sharks, with Mark Cuban being the first to make an offer. In the end, they accepted a $150,000 investment from Barbara Corcoran in exchange for a 20% equity stake in the company. But what has happened to The Woobles since their appearance on Shark Tank?
Expanding their Product Line
Since their appearance on Shark Tank, The Woobles have expanded their product line beyond plush toys. They now offer a variety of personalised products, including backpacks, blankets, and water bottles. This expansion has allowed them to increase their revenue streams and reach a broader audience.
The Woobles have also continued to innovate with their plush toy designs. They recently launched a line of magnetic plush toys that can be mixed and matched to create endless possibilities for play. This unique feature has been a hit with children and parents alike, and the company has seen a significant increase in sales since its launch.
Overcoming Challenges
Like any business, The Woobles have faced their fair share of challenges. One of their biggest challenges has been keeping up with the demand for their products. As their popularity has grown, they have struggled to keep inventory in stock, which has resulted in some disappointed customers. However, the company has been working hard to improve their production process and increase their inventory levels to meet the demand.
Another challenge that The Woobles have faced is competition from other personalised toy companies. The personalised toy industry has become more competitive since their appearance on Shark Tank, and The Woobles have had to work harder to stand out in a crowded market. They have tackled this challenge by continuing to innovate with their product designs and offering excellent customer service.
Giving Back to the Community
The Woobles have also made it a priority to give back to the community since their appearance on Shark Tank. They have partnered with several organisations to donate a portion of their profits to charity. One such organisation is the Make-A-Wish Foundation, to which They have donated a portion of their sales to help grant wishes for children with life-threatening illnesses.
The Future of The Woobles
The future looks bright for The Woobles. They have continued to grow since their appearance on Shark Tank, and their innovative product designs and commitment to customer service have helped them stand out in a competitive market. The company is also exploring new opportunities, such as licensing their designs to other companies and expanding their international presence.
The Woobles: Who Are They and What Do They Do?
The Woobles is a children’s toy company that specializes in personalised plush toys and other products. The company was founded by a husband and wife team, Brad and Molly Rappaport, who were inspired by their own children’s love of personalised toys.
What Do They Do?
The Woobles offer a range of personalized products, including plush toys, backpacks, blankets, and water bottles. Their products are designed to be customized by children and parents alike, allowing them to create unique and personalized toys that reflect their individual personalities and interests.
The company’s plush toys are particularly popular, as they can be customized with different colors, patterns, and accessories to create a one-of-a-kind toy. The Woobles also offer a range of pre-designed plush toys that can be personalized with a child’s name or initials.
In addition to their personalized products, The Woobles also offer a range of non-customizable toys and products, such as playsets and activity books. These products are designed to encourage imaginative play and creativity in children.
Who Are They?
The Woobles was founded by Brad and Molly Rappaport, a husband and wife team who were inspired by their own children’s love of personalized toys. Brad has a background in finance and previously worked for Goldman Sachs, while Molly has a background in marketing and previously worked for a marketing agency.
The couple started The Woobles in their basement in 2016, and the company has since grown to become a successful player in the personalized toy industry. The company is based in New Jersey, and all of their products are made in the USA.
The Woobles has also gained recognition for their commitment to social responsibility. They partner with several organizations to donate a portion of their profits to charity, including the Make-A-Wish Foundation.
Where Are The Woobles Now?
The Woobles have come a long way since their appearance on Shark Tank in 2018. Since then, the company has continued to grow and expand their product line.
One of the biggest updates for The Woobles is their expansion into the magnetic plush toy market. In addition to their personalized plush toys, The Woobles now offer a line of magnetic plush toys that can be mixed and matched to create endless possibilities for play. This unique feature has been a hit with children and parents alike, and the company has seen a significant increase in sales since its launch.
The Woobles have also continued to innovate with their product designs. They have launched new collections of personalized plush toys, such as their “Party Animals” and “Mythical Creatures” collections, which offer a wide range of customization options.
In addition to their product updates, The Woobles have also expanded their charitable efforts. They have partnered with several organizations, including Alex’s Lemonade Stand Foundation, St. Jude Children’s Research Hospital, and Feeding America, to donate a portion of their profits to charity.
The Woobles have also been exploring new opportunities, such as licensing their designs to other companies and expanding their international presence. They have partnered with a Canadian toy company, Kikkerland Design, to bring their products to Canada, and have plans to expand into other international markets in the future.
Overall, The Woobles have continued to thrive in the personalized toy industry. They have faced some challenges along the way, such as keeping up with the demand for their products and competing in a crowded market, but their commitment to excellence and innovation has helped them stand out. The future looks bright for The Woobles, and we can’t wait to see what they have in store next.
 5 Facts & Update on Woobles from Shark Tank
- The Woobles are still in business and have continued to grow since their appearance on Shark Tank. They have expanded their product line and increased their revenue streams.
- The company has faced some challenges with keeping up with the demand for their products and competing in a crowded market. However, they have tackled these challenges by continuing to innovate with their product designs and offering excellent customer service.
- They have made it a priority to give back to the community since their appearance on Shark Tank. They have partnered with several organizations to donate a portion of their profits to charity, including the Make-A-Wish Foundation.
- The company has launched a line of magnetic plush toys that can be mixed and matched to create endless possibilities for play. This unique feature has been a hit with children and parents alike, and the company has seen a significant increase in sales since its launch.
- They are exploring new opportunities, such as licensing their designs to other companies and expanding their international presence. They are also committed to maintaining their commitment to excellence and continuing to innovate with their product designs.
Overall, They have continued to thrive in the personalized toy industry since their appearance on Shark Tank. They have faced some challenges along the way, but their commitment to excellence and innovation has helped them stand out in a crowded market. The future looks bright for this company, and we can’t wait to see what they have in store next.
Conclusion
In conclusion, A long way since their appearance on Shark Tank. They have expanded their product line, overcome challenges, and made it a priority to give back to the community. With their innovative product designs and commitment to excellence, it’s no surprise that They are thriving in the personalized toy industry. The future looks bright for this company, and we can’t wait to see what they have in store next.
FAQS
Who invented The Woobles?
Adrian Zhang and Justine Tiu.
What size yarn does Woobles use?
You might be wondering what yarn to use to make your own after you've finished your lovely Wooble. You can use any Worsted Weight #4 yarn or buy extra Wooble Quick Peasy Yarn.
How do you crochet a magic loop in Woobles?
In the center. The front to the back. Thus your hook should now be underneath the yarn tail.Â
Are Woobles easy to crochet?
The instructions and videos made it very simple to get started and enjoyable to learn!
Is the Woobles worth it?
It's an excellent starting kit that includes everything you need to get started, including clear step-by-step directions, high-quality supplies, and a plethora of adorable patterns.
