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Whatever Happened To BZBox After Shark Tank?

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All kinds of entrepreneurs have gone on "Shark Tank" to pitch their business idea or product. Some are veterans who have created multiple successful businesses before, like the creator of the Biem butter sprayer. Others are brand new to the game, like the creator of the SnapClips weight fasteners.

Here's an entrepreneur who falls into the latter category, Kaeya Majmundar. She's the creator of the BZ Box, a collapsible, easy-to-assemble cardboard box that makes storage and hauling considerably easier. Unlike traditional cardboard boxes, hers only needs seconds to assemble and collapse. Even better, it can be stored easily and reused multiple times. 

Majmundar appeared on the "Shark Tank" Season 5 finale in May 2014 to pitch the BZ Box. She sought $50,000 in exchange for a 20% equity stake. Kevin O'Leary and Lori Greiner were both interested in her design, but both also had reservations. Both felt that the Biz Box was costly to manufacture as-is, and needed a design overhaul.

Despite her reservations, Greiner eventually made a deal with Majmundar for $50,000 in exchange for a 40% stake in her company. That was more than eight years ago. How is the BZ Box doing today?

The Biz Box took Lori Greiner's suggestions, and it's still on the market today

When Majmundar pitched the Biz Box to the sharks, she showed them a collapsible cardboard box with velcro straps. O'Leary and Greiner both agreed that the box was too costly to manufacture as-is–particularly because of the expensive velcro.

However, Greiner saw that Biz Box had potential. She invested in the company with the goal of tweaking the design. Since "Shark Tank," Biz Box has done just that. It ditched the velcro and pivoted to a streamlined, brandable cardboard box that's marketed toward real estate agents. Today, Biz Box offers a variety of collapsible cardboard boxes that can be customized to advertise a business. Biz Box also offers durable plastic storage containers directly to the consumer, which are available on Amazon.

At the time of Majmundar's "Shark Tank" appearance, she was a college sophomore looking to partner with a more experienced shark to help turn her innovation into a business. During her pitch, she repeatedly insisted that she was open to suggestions and improvements. It looks like she took Greiner's advice and turned her idea into a successful company.