Bala Bangles is a rapidly growing fitness accessories company founded in 2018 that produces weighted bangles that can be worn on the wrists or ankles to add resistance to a workout. The company has quickly gained a loyal following due to its stylish and functional designs, and has even been featured in prominent media outlets such as Forbes, Vogue, and Good Morning America. As the popularity of Bala Bangles continues to rise, so too does the net worth of its founders.
The Founding of Bala Bangles – A Story of Fitness and Fashion Innovation
Bala Bangles was founded by husband and wife team Natalie Holloway and Max Kislevitz. Kislevitz had previously worked as an industrial designer for companies such as Skullcandy and Beats by Dre, while Holloway had a background in marketing and fashion. The couple identified a need for functional yet fashionable fitness accessories, and set out to create a product that would combine both.
Recommended: Toor’s Net Worth
The Success of Bala Bangles
Bala Bangles quickly gained popularity upon its launch in 2018, and has since expanded its product line to include additional weights and colors. The company has also collaborated with notable fitness brands such as Lululemon and Outdoor Voices.
In 2020, Bala Bangles experienced a surge in sales as people sought out ways to stay active and healthy during the pandemic. The company also received a significant investment from celebrity investor Mark Cuban on an episode of Shark Tank, which further boosted its growth and success.
Bala Bangles’ Net Worth
As of 2021, the net worth of Bala Bangles is estimated to be around $10 million. This includes the combined wealth of the company’s founders, as well as any equity or assets held by the company itself. The success of Bala Bangles has allowed Holloway and Kislevitz to expand their brand and pursue new ventures.
Recommended: Dr. Pol Net Worth
The Future of Bala Bangles
Bala Bangles shows no signs of slowing down, and has already begun to expand into new markets. In 2021, the company launched a line of resistance bands, and has also hinted at the development of new products in the future. Bala Bangles is also committed to social and environmental responsibility, and has partnered with organizations such as Feeding America and One Tree Planted to give back to their community and planet.
Bala Bangles: A Growing Fitness Accessory Brand
Bala Bangles is a unique fitness accessory brand that has been growing in popularity in recent years. The brand was created by Natalie Holloway, a former corporate lawyer who saw a gap in the market for stylish and functional weights that could be worn on the body. Bala Bangles are wearable weights that can be worn on the wrists or ankles to add resistance to any workout. They come in a variety of weights and colors, making them both functional and stylish.
Recommended: Cleetus McFarland Net Worth
The Rise of Bala Bangles
Since its launch in 2018, Bala Bangles has seen a rapid rise in popularity. The brand has been featured in several major publications, including Vogue, InStyle, and Self Magazine. Celebrities like Gwyneth Paltrow, Jennifer Aniston, and Ashley Graham have also been spotted wearing the weights. The brand has also partnered with major retailers like Free People and Nordstrom, making it more accessible to a wider audience.
The story of Bala Bangles is one of innovation and entrepreneurship, as well as a commitment to fitness and fashion. The success of the company and its founders is a testament to their hard work and dedication to creating a unique and desirable product. As Bala Bangles continues to grow and expand, it is sure to inspire others in the fitness and fashion industries to push the boundaries of what is possible.
Recommended: Drew Sidora Net Worth
FAQs
1. What is the valuation of Bala Bangles?
Bala Bangles, which appeared on Shark Tank, and managed to secure a pretty great deal hit around $2 million in sales in the year 2019. However, following their appearance on Shark Tank, the company blew up and managed to 10x their revenue to $20 million. Even Maria Sharapova is an investor in the company.
2. Is Bala Bangles profitable?
Bala Bangles was already making a pretty great number in revenue and profits before their appearance on Shark Tank. However, the brand managed to acquire $900,000 on Shark Tank, which enabled them to further grow their product and skyrocket their sales exponentially.
3. How did Bala Bangles grow its brand?
Besides appearing on Shark Tank and acquiring a pretty great deal from there, Bala Bangles also got its name out there with its collaboration with leading brands, including Lululemon and Outdoor Voices. Their brand grew even more during the pandemic.
4. What is the future of Bala Bangles?
With how fast the brand is growing, there are no plans for the brand to slow down in the future. Instead, the brand is currently working on expanding its markets in the upcoming years. They have also expanded their product line, releasing resistance bands, for example.
Recommended: Bill Gurley Net Worth