Mainly people struggle to maintain exercise for their health and physical activity at the gym or work. They often encounter psychological and social factors that impact adherence and inspiration toward exercise. Despite the issues, jiggaerobics helps people sustain fitness and fun.
The founder, LaDonte Lotts pitched the JiggAerobic in season 11, episode 20 at Shark Tank. He asked for $50k in return for a 12% stake in his company. Will he become successful in making a deal with the sharks? In terms of the JiggAerobics Fitness update, visit the Shark Tank website.
JiggAerobics Net Worth 2024 Shark Tank Update
LaDonte Lotts was looking for an investment of $50k in exchange for 12% equity in JiggAerobics. At the time of the episode, he valued his company at approximately $417k. However, he did not secure a deal with any of the sharks, so the company’s net worth remained unchanged at around $417k. After the show aired, JiggAerobics saw a significant increase in exposure. By May 2022, the company had reported an annual revenue of $1 million. Based on this growth and continued expansion, my rough estimate for the current net worth of JiggAerobics in 2024 is around $3 million.
Shark(s) name
Demand or Offer
Counteroffer
Accepted?
Kevin O’Leary
Out
N/A
No
Lori Greiner
Out
N/A
No
Mark Cuban
Out
N./A
No
Barbara Corcoran
Out
N/A
No
Daymond John
Out
N/A
No
Founders Backstory And Their Initial Pitch
LaDonte Lotts appeared on the shark tank with his charismatic and passionate vision. He boosted a vibrant energy on the stage and turned the sharks to dance with him. The sharks adored the fun activity with Lotts because he adopted a traveling class strategy. The fee is minimum; $15/person, and afterwards $10/person with 50 and more.
Lotts loves traveling to different countries to promote his brand internationally. He offers pop-up sessions by pairing up with the gymnasium healthy clubs. Additionally, he inaugurated an online subscription spot for providing warm-up classes with no charges. He also retains a brand.
The backstory of Lotts is interesting, he described a fondness for dance. He grew up in a sole-family and didn’t have sufficient amount to commence his business. Owing to this issue, he instructed himself by watching dance videos. In this regard, YouTube helped him a lot. Later on, he joined college at Southern University situated in Baton Rouge, Louisiana.
Meanwhile, he became a choreographer and acquired skills in dancing. He used to say that their culture is robust. Jigging is not just a dance but a physical training session. Later, he initiated certifying instructors and it’s how his business gained a diversity.
The sessions comprised of one-time certification fee and a subscription.
Queries, Shark’s Responses, And Final Deal
Mark Cuban was interested in sales in the course of filming. Lotts allocated that he instituted $62k. The sales are not insufficient because he started the business after his graduation. For instance, Lotts wants the sharks to advise a strategy for expanding his business brand. Sharks appreciated Lotts but they did not like his business.
On the other hand, Kevin does not share the plan of helping Lott’s brand thus, he was out. The recurring problem made the sharks stay out.
Lori thought that Lotts had recently started the business and he was retailing his personality. So, Lori was out. Similarly, Daymond also supported the stance of Lori and was out.
Correspondingly, Barbara thought Lotts did not want help and there was no space for a shark. So, she was out.
Lastly, Mark stated that Lotts himself is a business and he does not want assistance. He was out. Unfortunately, Lotts did not make a deal with the sharks. They all were out.
What Happened With JiggAerobics Fitness After Shark Tank
However, Lotts was not fortunate enough to make a deal with the sharks. JiggAerobics expanded around $900k in annual retaliation.
Before 2020, Lotts executed a bunch of physical classes with attendants. In 2019, Lotts took online sessions and was virtuous in hitting the target. In May 2022, shark updated that jiggAerobics has a revenue of $1 million.
JiggAerobics has also established an online platform, “Get Lit while They Get Fit”. It allows people to participate in the community. YouTube gives free dance cardio resorts. Furthermore, the company is favorable in getting 42k plus followers.
JiggAerobics has been promoted by Columbia Broadcasting System (CBS), Video Hits One (VH1), Music Television (MTV), The New York News, etc.
Product Availability
The services are available on the official websites of JiggAerobics. It helps serve as a bridge between organizations and participants and is driven by a commitment to the development of people worldwide. The services include Youth Summits/Blasts, School Test Prep/Pep Really, Substance Abuse/Bullying Prevention, Professional Development, and Family and Community Events.
Conclusion
LaDontee Lotts came in season 11, episode 4 of Shark Tank. He sought $50k in return for 12% equity for JiggAerobics. JiggAerobics Fitness is an inspiring and energetic approach toward physical activities. It provides a fun and supportive environment to the participants, improving their fitness and well-being.
The company has gained popularity in attracting attendants who value the inclusive environment. Despite the fame, none of the sharks made a deal with Lotts and were out. JiggAerobics Fitness faced numerous challenges regarding investment. However, through the manifestation and featuring of the company sought to enhance marketing.
Hi! I’m Maleeha Alam, a content writer, English poet, and MPhil Linguistics Scholar. I love watching Shark Tank episodes because it helps me extract business-related ideas. The thrilling series of the Shark Tank fosters competent market analysis, presentation skills, and pitching.
