Baobab Clothing Net Worth

Baobab clothing is a brand that is popular for its t-shirts. These shirts are made from a fabric that is treated with nanotechnology to repel odors and prevent stains. They are also durable and can be worn for a long period of time. The company sells a variety of shirts for men and women.

According to the company’s website, it uses a process called “BaoTech” to produce shirts that are wrinkle free and resistant to stains. They also feature a stay-flat collar that keeps them in place. In addition, Baobab polo shirts come in a variety of colors. The company uses cotton that is referred to as Pima. This type of cotton has a higher fiber content than the traditional cotton shirt. It is also known for its colorfastness and ability to provide a perfect fit.

The company’s products are distributed through a number of retail outlets. Their polo shirts are available on Amazon, eBay, and the official Baobab Clothing website. Customers can also purchase face masks from the company’s website.

After receiving a Shark Tank investment offer, the company decided not to invest in the venture. However, it did receive funding through crowdfunding. For instance, the company raised $100,000 through a campaign on the crowdfunding site Republic. At that point, the company’s sales were only $85,000. The company has since increased its sales by 60 percent each year.

As of January 20, 2020, the company’s net worth is estimated to be $700,000. Meanwhile, the company’s total value is projected to rise to $1 million by January 2022. Moreover, the company’s partners are actively attracting investors.

The company is working on expanding its line of clothes, including jackets and coats. The company has also been able to secure wholesale agreements with several retailers in the US.

The company also has a strong social media presence, which is a big draw for its consumers. Facebook advertising campaigns help promote the company’s products. Another way of attracting customers is through Instagram advertising. Additionally, Baobab has been able to increase its repeat rate, which means that it has a high rate of customers returning to the company.

The founders of the company are Brandon Davenport and Marcellus Alexander III. Both of them have backgrounds in tech and marketing. They began creating the clothing business after they were fed up with the expensive and low-quality clothing they were able to find in stores.

The two founders of the company are also polo shirt aficionados. They love the fact that they can get a perfect fit, and they wanted to create a better type of polo shirt. So, they came up with the idea of making a polo shirt that was more durable, and was capable of resisting fading and stains.

Before they were even able to go on Shark Tank, they were already a well-known brand for t-shirts. But they had to struggle against the pandemic. Once they were able to survive the epidemic, they were able to expand their business.