Since “Shark Tank” investors Kevin O'Leary and Mark Cuban invested $150,000 in GrooveBook in exchange for 80% licensing rights, Shutterfly US:SFLY said GrooveBook has racked up more than 1 million app downloads and 200 million photo uploads.
What happened to GrooveBook?
Shark Tank-Backed GrooveBook Acquired By Shutterfly For $14.5 Million. GrooveBook, a photo-printing app and subscription service that creates personalized photo books featuring up to 100 of your photos, shipped monthly, has been acquired by photo printing giant Shutterfly for $14.5 million.
How much did Kevin Oleary make off GrooveBook?
GrooveBook's pitch took place in the thirteenth episode of the fifth season of Shark Tank, which aired on . Cuban and O'Leary made a deal with the Whitemans at $150,000 for 80% of the licensing rights of GrooveBook.
What is GrooveBook worth?
$14.5 million
Where is GrooveBook?
Which devices can run Groovebook? The app is available in the Apple App Store for the iPhone and iPad and available for Android devices in the Google Play Store.
How much is GrooveBook worth today?
In November, 2014, Shutterfly acquired Groovebook for $14.5 million, making this a very big Shark Tank Success Story! This acquisition makes GrooveBook the biggest deal on the show.
What happened to GrooveBook after Shark Tank?
GrooveBook EXPLODED after appearing on Shark Tank. Their sales tripled in just 5 days following the show. They had so much success, they are scheduled to appear in an update segment in episode 526.
How much is GrooveBook worth?
A Groovebook subscription is $3.99/month plus tax. This includes a Groovebook (with 100 photos) every month. If you order multiple books in one month or send duplicate books to friends + family, you will just pay $3.99 + tax per additional book.
How much did Sharks make on GrooveBook?
Eleven months after making a deal with shark investors Mark Cuban and Kevin O'Leary on national television, GrooveBook announced it was acquired by Shutterfly for $14.5 million yesterday. The $14.5 million deal includes an upfront purchase amount and an earn-out based on future performance.
Was GrooveBook successful?
Shutterfly acquired Groovebook for $14.5 million making it one of the most successful businesses to ever appear on Shark Tank. Quickly following the Shark Tank appearance, Groovebook skyrocketed to over a million monthly subscribers. On , Shutterfly, Inc.Shutterfly acquired Groovebook for $14.5 million making it one of the most successful businesses to ever appear on Shark Tank. Quickly following the Shark Tankthe Shark TankIt shows entrepreneurs making business presentations to a panel of five investors or "sharks," who decide whether to invest in their company.https://en.wikipedia.org › wiki › Shark_TankShark Tank - Wikipedia appearance, Groovebook skyrocketed to over a million monthly subscribers. On , Shutterfly, Inc.
How is GrooveBook doing?
After the Shark Tank appearance, GrooveBook hit 500,000 paid subscribers. According to TechCrunch, GrooveBook now has over 1 million downloads and 200 million photo uploads. The Whitemans said that they invested $400,000 to launch the business and they manufactured the books internally in a print shop.
How long does it take for my GrooveBook to get here?
How long should it take for my Groovebook to arrive? Your Groovebook will be printed 2–3 days after your closing date. We offer free shipping so please allow 15–18 business days for your book to arrive with USPS Bulk Mail. You can check on the status of your book in the app under the My Account Order History.
Where is GrooveBook now?
Shutterfly
Is GrooveBook actually free?
Groovebook is a FREE app that lets you choose up to 100 photos from your camera roll into a beautiful 4.5″ x 6.5″ photobook for FREE and mails it to you monthly.
Why is GrooveBook so cheap?
What makes GrooveBook so cheap to ship is a “proprietary groove” that makes the books flexible, allowing for a lower rate. The Sharks like the over 18,000 subscribers they aquired in the past 8 months, but they don't like the slim margins. Each GrooveBook costs $2.30, so they only make 69 cents per order.
How much was GrooveBook sold for?
The details of the deal was not disclosed other than the final $14.5 million price tag. During the Shark Tank episode Mark Cuban and Kevin O'Leary invested $150,000.00 for 80% of the licensing rights to GroveBook's patented technology, while the Whiteman's retained control building their subscription service.The details of the deal was not disclosed other than the final $14.5 million price tag. During the Shark Tankthe Shark TankIt shows entrepreneurs making business presentations to a panel of five investors or "sharks," who decide whether to invest in their company.https://en.wikipedia.org › wiki › Shark_TankShark Tank - Wikipedia episode Mark Cuban and Kevin O'Leary invested $150,000.00 for 80% of the licensing rights to GroveBook's patented technology, while the Whiteman's retained control building their subscription service.
What does it mean when my GrooveBook is in production?
IN PRODUCTION: We have received your order and are in the process of printing it. You should have received an order confirmation email from us with a summary of your order. For the first 30 minutes after entering this status, you may visit your Order History section and cancel the order for any reason.
How successful is GrooveBook?
Shutterfly acquired Groovebook for $14.5 million making it one of the most successful businesses to ever appear on Shark Tank. Quickly following the Shark Tank appearance, Groovebook skyrocketed to over a million monthly subscribers. Shutterfly acquired Groovebook for $14.5 million making it one of the most successful businesses to ever appear on Shark Tank. Quickly following the Shark Tankthe Shark TankIt shows entrepreneurs making business presentations to a panel of five investors or "sharks," who decide whether to invest in their company.https://en.wikipedia.org › wiki › Shark_TankShark Tank - Wikipedia appearance, Groovebook skyrocketed to over a million monthly subscribers.
Is GrooveBook a monthly subscription?
Meet. Groovebook. into a monthly photo book for $3.99/month.
Is GrooveBook real?
GrooveBook has a consumer rating of 1.58 stars from 312 reviews indicating that most customers are generally dissatisfied with their purchases. Consumers complaining about GrooveBook most frequently mention customer service, credit card and sharktank problems. GrooveBook ranks 92nd among Photo Printing sites.
How does GrooveBook make money?
GrooveBook, which makes cheap-to-ship picture books using subscribers' smartphone pictures for $2.99 a month, saw its customer base triple to 85,000 in the first five days after its “Shark Tank” episode aired in May. That equates to $3 million in annual sales.
How do I use GrooveBook?
- It's easy. Download the app. Say hello to a new Groovebook in the mail each month.
- Free your photos. You already take lots of photos on your phone–select your favorites and you've built a Groovebook.
- Be surprised. Get a fun new cover each month with bright seasonal patterns + colorful spines.
How do I cancel my Groovebook?
How do I cancel my subscription? Cancel your subscription at any time by emailing your request to support@groovebook.com. Please be aware of your next due date and allow 2 business days for your request to be processed.
Is your first order on Groovebook free?
Your first book is ON ME! That's right, FREE (Including Shipping and Handling) just use the coupon code BERNETTAGROOVE or KNIGHTEN5 (Shark Tank Special). If you want more books, it will ONLY be $2.99! That's right, a 100 4.5″ x 6.5″ picture book for $2.99.
How much did Kevin O'Leary invest in plated?
Company Name Plated: Meal Kit Subscription Service
------------------ -------------------------------------
Investment Seeking $500,000 For 4% stake in Plated
Final Deal $500,000 For 5.6% + Advisory Shares
Shark Mark Cuban, Kevin O'Leary (After)
Business Status Acquired