Bombas, a sock company that appeared on the Shark Tank show on January 28, 2013, and is considered as was one of the most popular companies to ever appear on the Shark Tank show.
Their participation has resulted in a large increase in business for the organization, resulting in a significant increase in revenue.
But as they grew, they had to make some tough decisions and sacrifices. See what’s happened with Bombas since their Shark Tank appearance and how they handled everything.
Below, we’re going to take another look at Bombas after the Shark Tank update – what are they doing now, how successful they’ve been since appearing on the show, and much more.
You can also one of its popular products here,
Quick Facts about Bombas
Founded: 2013
Founders: Randy Goldberg and David Heath
Headquarters: New York, United States
Product/Service: The sock company sells high-quality socks at a lower price online.
Shark Tank episode: Season 6, Episode 1
Aimed Investment: $200,000 for 5% ownership in Bombas
Deal Agreement: $200,000 for 17.5% ownership in Bombas
Busines’s Status after Shark Tank: Business is growing and ongoing
Who is the Shark: Daymond John
Website address: https://bombas.com
What is Bombas before Shark Tank
Before Shark Tank, Bombas was a simple sock company. They had made it to Kickstarter and even raised $50k from over 4,000 supporters.
They then decided to launch a more affordable line of socks, which they call “The Line.” They offered boxers, tighty-whities, and socks for women at this stage.
Then in July 2013, they launched their first collection of men’s socks called “Bombas Signature.” One year later, in July 2014 (almost four years ago), they launched their first-ever collection of women’s socks.
Lifehacker featured them for their sock intelligence and innovation and their exceptional customer service – a rare thing to find in e-commerce.
Since then, Bombas has been on steady growth. After appearing on Shark Tank, Barbara Corcoran said she would invest $500k for 25% of the company. Unfortunately for Bombas, Daymond John and Kevin O’Leary did not agree to the deal.
What is Bombas after Shark Tank?
After Shark Tank ended, Bombas went in a new direction and released two socks collections- one for men and one for women.
They also launched their first-ever line of t-shirts. The goal of Bombas on the show was to get more people to buy the clothing and give them the trend to expand. They also added some new colors like Navy Blue, Black, and Fuschia.
Bombas also introduced “The Bomba Collection,” which is only for men. This collection sells a total of shorts, undershirts, long-sleeved shirts, bombers jackets, and hats with camouflage patterns – all with very high-quality materials.
They also launched an app just to cater to the increasing demand of their customers – where they can track their orders and customize their deliveries.
Today, Bombas is one of the fastest-growing brands in the retail space, with a month-to-month growth of over $200k. What did they do after Shark Tank ended?
As mentioned above, Bombas is now a very popular sock brand. Their competitor brands include Suitsupply and Woolrich. However, they’re gaining popularity as well…
Business Insider featured them for their crazy sock orders! People love the socks that come in all different colors, textures, and designs all around the world – with names like The Bomba Collection, Polka Dots, Sock It to Me, Performance Socks, and Bro Blue.
Bombas is still popular and growing.
Even though they were not successful in reaping the investment fund from Daymond John and Barbara Corcoran, they are still doing just fine.
Their Facebook page has nearly 500k likes at the time of writing, and their Twitter page has over 30k followers.
They’ve also launched their new website with a new design, which looks way better than their old one. Bombas has also released a new line of products for both men and women – socks for men and around six different styles for ladies.
It is great news for those who are fans of Bombas socks and those who couldn’t get enough of them before Shark Tank.
It looks like their brand and product line is here to stay.
Regarding products, they have a wide variety of socks for men, women, and children and some other accessories such as hand warmers and headbands. You can check out their products here.
Bombas has hit a high point in sales
According to the latest stats from Shopify, Bombas has been growing in sales by over 1,000% from 2015 to 2016 – and that’s just since January – so it’s safe to say that their growth for the rest of 2016 will continue at this pace.
The company also saves hundreds of thousands per month worth of money through third-party suppliers, which helps them grow and even save money on shipping costs.
Previously, Bombas had partnered up with Sock Club, which allowed them to sell their socks at a discounted price of $9.95, but now they’ve teamed up with Anrdoezrs, which allows them to sell their socks for even less. This is also great news for Bombas’s fans – now you can get your favorite socks even cheaper.
If you’re wondering what happened to Bombas after Shark Tank, you’re in luck – because, after all these years, they are still on their way to success.
It seems that they were simply not prepared for the massive growth that comes after appearing on the show. But hey, at least they tried. And at the end of the day, most entrepreneurs fail multiple times before succeeding.
So, for those of you who are fans of Bombas – and for those who are thinking about buying their socks – now is the time to get them!
Bombas continues to expand its product line.
The Bombas socks are made from a unique yarn that is incorporated with spandex, so the socks can stretch to fit feet perfectly.
They’ve also added more colors to their collections: for women, it’s black and Fuschia, and for men, there are also new colors of camo.
The company has even partnered with other brands to offer a collection of products such as hats and gloves – most of which have never been seen before in the Bombas brand.
This is great news for those who are fans of Bombas – they can now wear various clothing products with their favorite socks!
They’ve even started accepting custom orders just like before at retail prices. Overall, Bombas is still doing well.
They’ve even used social media accounts to promote some of their new products. Bombas has yet to get the investment fund from Shark Tank.
It’s been a year since Bombas appeared on Shark Tank, and they didn’t manage to get the investment fund they wanted. It’s not a big surprise since this is not the first time a company has failed to get an investment fund.
For any new business, it’s important to ask for investor funding when you’re ready for it, but it’s also important to not give up on chasing your goals.
Now that Bombas has hit a great deal of success on their own, we might see them go back again on Shark Tank and try their luck with Barbara or Daymond John.
What’s Next?
Bombas has a lot of great things in store for its loyal customers. They’ve partnered with Anrdoezrs to offer them custom orders at lower prices, which means that they can now sell their socks to other customers at even lower prices.
This is of a great strategies for the company to increase the demand and again expand the brand’s popularity among other fans.
The partnership gives them access to thousands of additional customers, who also download their app and use it as a way to track and order the product online.
They’ve also partnered with other big brands to offer a variety of products, such as hats and gloves – most of which have never been seen before in the Bombas brand. This is a great way to expand its product line and increase its revenues.
They’ve also continued to expand their product line for both men’s and women’s clothing, which allows them to build on the brand popularity even more.
The company has continually grown from year to year, and it does not seem like it will stop anytime soon.
This is one of the best companies that have appeared on Shark Tank, as it survived the show and continues to grow.
From the time they made their deal with Barbara Corcoran, they’ve reached over a million followers on social media and have grown by 1,000% in sales since 2015. They have also expanded their product line to include clothing products such as hats and gloves.
Final Thoughts
Bombas is one of the best companies that have appeared on Shark Tank, as it not only survived the show but continues to grow.
Their growth could continue at its current pace, so if you haven’t tried them yet, there’s a good chance that their products may be out of your price range.
If you have, we are sure you agree with us when we say you should give them a shot.
Now that you know what happened in Bombas after the Shark Tank, we sincerely hope that this article helped you!
