Retold Recycling Net Worth Shark Tank Update 2025

Every year, a huge amount of clothing—millions of tons—ends up in landfills because people often don’t know how to dispose of their old clothes properly. Many items, like old shirts, pants, and shoes, are thrown away simply because they are damaged or worn out, and there aren’t many options for recycling them. This problem inspired Amelia Trumble and Alan Yeoh to create ReTold Recycling.

ReTold Recycling is a service that allows people to send in their unwanted clothes through the mail instead of tossing them in the trash. When the clothes arrive at ReTold, the company sorts them and decides the best place for each item. Some might go to thrift stores, where they can be resold, some may be repurposed by upcyclers, and others are sent to recycling centers to be transformed into new materials. The idea is to make sure that nothing is wasted.

In Shark Tank Season 14, Amelia and Alan pitched their business to the sharks. They asked for $300,000 in exchange for a 15% share of their company. They explained how their service operates and discussed the growth of ReTold. Many sharks were skeptical, but Mark Cuban, one of the sharks, recognized the potential of their idea. He offered them $300,000 in exchange for a 25% share, and they agreed to his proposal. 

Retold Recycling Net Worth Shark Tank Update 2025

Amelia and Alan were looking for an investment of $300k in exchange for 15% equity in the company. At the time of the episode, they valued their company at $2 million. Amelia and Alan successfully secured a deal with Mark Cuban for an investment of $300k for 25% equity in the company. The investment adjusted the company’s net worth to around $1.2 million. After the show was aired, ReTold saw a big increase in website traffic, sales, and social media exposure. As per my rough estimate, the current net worth of ReTold in 2025 is around $1.4 million.

Shark(s) name	Offer & Demand	Counteroffer	Accepted?
Robert Herjavec	Out	N/A	N/A
Lori Greiner	Out	N/A	N/A
Kevin O’Leary	Out	N/A	N/A
Emma Grede	Out	N/A	N/A
Mark Cuban	$300,000 for 25% equity	$300,000 for 22% equity	Yes

Amelia and Alan Backstory + Their Initial Pitch 

Amelia and Alan, who previously worked in the fashion and retail industries, recognized a significant problem: a lot of clothing is discarded rather than recycled. They wanted to help people who wanted to recycle their old clothes but didn’t know how to do it.

In 2020, they started a company called ReTold Recycling with initial sales of $12,000. Their process is straightforward:

1. Customers buy a prepaid recycling bag for $14.50.

2. They fill this bag with up to 5 pounds of clothes.

3. They send the bag back for recycling.

Once ReTold receives the clothes, they sort them. Usable clothing is sent to thrift stores while damaged items are given to recycling companies or upcyclers. This way, nothing is sent to landfills.

By 2021, their sales grew to $175,000, and they aimed for $500,000 in 2022, with a profit margin of 43%. They also began collaborating with clothing brands to create special recycling bags.

However, the company faced a significant challenge: shipping costs took up a staggering 80% of its revenue. To expand and become more profitable, they needed to establish more shipping locations to reduce these costs.

When they appeared on Shark Tank, they sought $300,000 to help with their expansion plans because they believed their recycling service could set the industry standard for clothing recycling.

Queries + Shark’s Responses, and Final Deal

Kevin O’Leary: He humorously expressed doubt about the business being profitable, saying he would be “recycled” (suggesting he wouldn’t be around to see a return on investment). He decided not to invest.

Emma Grede: Though she liked the mission behind the business, she felt the price of $14.50 per bag was too high. She proposed that the business operates as a non-profit instead. As a result of her concerns, she chose not to invest.

Lori Greiner: Lori appreciated the business idea but couldn’t see how it would make money. Because of this uncertainty, she also opted out of the investment.

Robert Herjavec: Robert questioned where the profits would genuinely come from, and Amelia explained their plan to form partnerships with brands. However, Robert didn’t find her answer convincing, leading him to also withdraw from the deal.

Mark Cuban: Mark saw significant potential in the business, particularly the idea of selling bags in popular stores like 7-Eleven. He offered Amelia and Alan $300,000 in exchange for a 25% ownership stake in their business.

In response, Amelia and Alan tried to negotiate a lower percentage of 22% for Mark’s investment, but he held firm at 25%. They ultimately accepted his terms and agreed to the deal.

Product Availability

ReTold provides several options for recycling, focusing on making it easy for individuals and businesses to recycle effectively.

You can purchase these recycling bags in a few different places: directly from ReTold’s website, on Amazon, or at stores that partner with ReTold. This makes it convenient to get your recycling bags from various sources.

What Happened To The Retold Recycling After Shark Tank?

On Shark Tank The deal with Mark closed successfully: They’ve officially joined together to work on something. The company expanded into B2B recycling solutions. The company started a new part of its business that helps other companies with recycling. Instead of just recycling for people, they help other businesses figure out how to recycle their stuff too.

They teamed up with more companies that make clothes. This means they are working together with these clothing brands to help recycle old clothes.

By the end of 2023, they managed to recycle a huge amount of fabric (like old clothes and other textile materials). 80 tons is really heavy – think of it like recycling the weight of many, many cars!

The company named ReTold is continuing to get bigger and do better in 2024.  With a net worth of $1.4 million: it Means that if you add up all the things the company owns and subtract any debts they have, the company is worth $1.4 million. That’s a lot of money!

So overall, ReTold is doing really well today, helping other businesses recycle, working with clothing brands, and making a big positive impact on the environment!

Conclusion 

Amelia and Alan are two young entrepreneurs who went on Shark Tank where they pitch their business idea to sharks. Their goal was to help the environment by reducing textile waste. This means they wanted to find ways to stop lots of old clothes and fabric from being thrown away, which can harm the planet.

At first, many of the sharks didn’t believe in their idea. But then, a famous investor named Mark Cuban saw potential in what Amelia and Alan were doing and decided to give them money to help their business grow.

Now, their company, called ReTold, is working hard to build relationships with others and partnering up with different organizations. They are making sure that more clothes are recycled and not just tossed in landfills, where they can take a long time to decompose.