Charli Chair Net Worth 2022 – What Happened After Shark Tank

What’s the key to a successful business? In many cases it’s finding that one thing that meets a need some people don’t even realize they have.

This was the case with the inventors of the Charli Chair and their profits today prove they got a winning idea from the start.

The couple behind this unique baby care product took part in Shark Tank Australia for more than just the financial investment and have subsequently built the company to a net worth of over $10 Million, with products stocked around the world.

Is this how all of us should approach business?

What is Charli Chair?

The Charli Chair is a unique chair which allows parents to wash their babies safely at a height that’s comfortable for them.

It has a harness to keep babies safe and the height and angle can be adjusted to suit the parent during bath time in the shower.

We can say ‘unique’ because as ipaustralia.gov.au shared, the inventors made sure to register their intellectual property from the very start.

With trademarks and patents in place, they could share their ideas without the risk of someone copying their design. This also means you won’t easily find an exact similar product on today’s market.

The Company & Owners

Charli Chair was started by Meray and Hani Yassa. The inspiration came when they had their third child – called Charli-Rose – who was simply too heavy to comfortably wash while bending over the tub.

Meray searched for a chair she could use in the shower, but to no avail.

The couple designed their own chair and decided to turn it into a business. Surely if they were tired of bending over a tub, other parents were too?

Charli Chair And Shark Tank—What Happened?

Appearance on Shark Tank

In 2015 the couple attempted to get an investor by going on Shark Tank, even though they had only manufactured and shipped 500 units at that stage.

They didn’t want to give away more than 25% of the business but were aware that they needed input from an expert to make their business work.

The experience was gruelling, especially because they stated the company was worth $4 million, without excessive proof of that fact. The sharks weren’t overly impressed.

Did Investment Go Through?

Despite their pitch not going perfectly, one of the sharks saw the product’s potential. As stated on smartcompany.com.au, John McGrath realized how many homeowners could find it helpful.

Part of John’s motivation was his involvement with the property market and his knowledge about baths giving way to showers in most new developments. This would call for a smart alternative for babies’ bath time.

John offered an investment of $200,000. Meray understood the value of having his name connected to Charli Chair and they accepted.

Charli Chair Today – Was It Successful?

Today Charli Chairs are still sold and the brand has expanded. You can now purchase:

  • The original Charli Chair

  • A Charli Chair 2-in-1 that can act as a bath too

  • Pads to allow more comfort

As you can view on the Charli Chair website, they have stockists across the globe.

Conclusion

See a need and find a solution. That’s a recipe for success. Of course, you may need the business acumen of an expert, like the ones you see on Shark Tank, to really make it work.

Luckily, Meray Yassa realized what the company needed and today she’s smiling all the way to the bank.