Stakt Net Worth Shark Tank Update 2025

During the COVID-19 pandemic, a lot of us started working out at home since we couldn’t go to gyms. However, many people discovered that their yoga mats were not very good for exercise. Some mats were too thin, which made it uncomfortable to do high-energy workouts, while others were too bulky and hard to store.

Two young women named Millie Blumka and Taylor Borenstein experienced this problem while exercising at home. They realized their mats just weren’t working well for them. This frustration sparked an idea, why not create a better mat? So, they developed Stakt, which is a special kind of fitness mat that is thick, foldable, and can be used for different types of workouts.

In Season 14 of Shark Tank, a TV show where entrepreneurs pitch their ideas to investors, Millie and Taylor asked for $100,000 in exchange for 10% ownership of their company. After some tough discussions, they made a deal with investor Lori Greiner. She agreed to give them the money but for 15% ownership plus an extra fee for each mat sold.

Stakt Net Worth Shark Tank Update 2025

Millie and Taylor were looking for an investment of $100k in exchange for 10% equity in the company. At the time of the episode, they valued their company at $1 million. Millie and Taylor successfully secured a deal with Lori for an investment of $100k for 15% equity in the company, plus a $0.35 royalty per unit sold until $100k was paid back. The investment adjusted the company’s net worth to around $667k. After the show was aired, the company experienced a good boost in exposure. As per my rough estimate, the current net worth of Stakt in 2025 is around $3.5 million.

Shark(s) name	Offer & Demand	Counteroffer	Accepted?
Kendra Scott	Out	N/A	N/A
Lori Greiner	$100K for 15% + $1 royalty per unit sold until $100k is paid$100K for 25% equity$100K for 15% + 75 cent royalty per unit sold until $100k is paid	$100K for 20% equity$150k for 22.5% equity$100K for 15% + 35 cent royalty per unit sold until $100k is paid	Yes
Kevin O’Leary	Out	N/A	N/A
Daymond John	Out	N/A	N/A
Mark Cuban	Out	N/A	N/A

Millie Blumka and Taylor Borenstein Backstory + Their Initial Pitch 

Millie and Taylor created a new exercise mat called Stakt while they were stuck at home during the pandemic. They wanted a mat that was thicker, easy to carry, and flexible for different types of workouts, but regular yoga mats didn’t meet those needs.

To solve this problem, they designed a foldable mat made from EVA foam with several great features. It folds up easily, so you can store it without taking up much space. You can change its thickness based on the kind of exercise you’re doing, whether it’s yoga or something more intense. The mat has a non-slip surface, which helps keep you stable while you workout. It’s water-resistant, making it simple to clean after you’re done exercising.

When they appeared on the TV show Shark Tank, they shared important details about their business. It costs them $14.90 to make each mat, and with extra expenses, the total cost is $21.50. They plan to sell the mat for $86, allowing them to keep a good profit. In just 6.5 months, they made $110,000 in sales, and they didn’t spend any money on advertising.

They were looking for $100,000 in exchange for a 10% share of their company to help increase production and marketing efforts.

Queries + Shark’s Responses, and Final Deal

Daymond John: He liked the product but felt he didn’t fully grasp the fitness market, so he chose not to invest.

Mark Cuban: He had a conflict of interest because he had already invested in another fitness brand, Bala, so he decided to back out.

Kendra Scott: She was concerned that since yoga mats can last for years, there might not be many repeat customers. Therefore, she opted not to invest.

Kevin O’Leary: He thought the business wasn’t the right fit for him, so he also walked away from the opportunity.

Lori Greiner: She was impressed with the product’s design and saw its potential. She proposed an investment of $100,000 for 15% ownership of the company, along with a royalty of $0.75 for each mat sold until her investment was repaid. After discussing the offer, Millie and Taylor agreed to accept Lori’s deal. 

Product Availability

The Stakt Foldable Mat is a practical mat designed for exercise and workouts. This material is thick and provides good support, making it comfortable to use during activities like yoga or stretching. You can easily fold it up when you’re done, which makes it convenient to store in small spaces. The top of the mat is designed to prevent slipping, helping to keep you safe while you workout. If you spill water or sweat on it, you can easily wipe it clean, making maintenance a breeze. 

You can get the Stakt Foldable Mat in several places. You can buy it directly from the Stakt Website or on Amazon. It’s also available at Equinox gyms. The mat comes in two options, both priced at $86.  The regular Standard Matt and a special edition called the Sculpt Society X Stakt Matt, which comes in a color called Ice Blue.

What Happened To The Stakt After Shark Tank?

After appearing on Shark Tank, the company Stakt experienced notable growth in various ways:

Stakt expanded its product line by introducing; Grippy socks that are pecial socks that help improve grip during workouts. A Mat cleaner, formula designed to clean and maintain workout mats. A carrying case for transporting their mats.

They worked with The Sculpt Society, a fitness brand, to create a unique yoga mat that features both brands. Stakt gained recognition by being selected as one of TIME’s Best Inventions of 2023, highlighting their innovative products. Their products are now available at high-profile places like Equinox (a premium fitness chain) and Amazon, making it easier for customers to purchase them.

The planned agreement with Lori, an investor on the show, was not finalized after the filming, so they missed out on her support and funding. Because their mats are designed to last for a long time, customers don’t need to buy them repeatedly, leading to lower sales over time.

Overall, Stakt made impressive advances in product offerings and market reach, but they still faced some significant challenges along the way.

Conclusion 

Millie and Taylor created a product called the Stakt mat, which is a special type of exercise mat. When they appeared on the TV show Shark Tank,Sharks were impressed with how unique and clever the design was. Although most of the Sharks decided not to invest in it, Lori Greiner, one of the Sharks, saw promise in the idea and agreed to a deal, although that deal ultimately didn’t work out.

After their appearance on the show, Millie and Taylor were able to grow their business by adding more products to what they offer. As a result, they gained a lot of attention and recognition in the fitness world. Nowadays, the Stakt mat is a popular choice among people who love working out.