|SEASON 8 EPISODE 17|
|Pitch||voice chat recorded stuffed animal|
|Asked For||$250,000 for 2.5%|
|Deal||$600,000 for 5%|
|Shark||Lori Greiner and Chris Sacca|
|Status||Out of Business|
What is Toymail?
Toymail is a company that makes Wi-Fi-enabled kids’ toys that convey voice and text messages. Its main product, Talkies, is complemented by an app that allows one to send, receive, and reply to messages via the Talkies. Additionally, the plush toys also respond to physical play, for instance, vigorously laughing upon shaking.
Who Owns Toymail ?
Toymail was co-founded in 2013 by Gauri Nanda and Audrey Hill. Previously, Gauri held various positions, including being part of the Design and Engineering team at Apple Computer. Afterward, she joined the MIT Media Lab for research. Currently, she is the CEO at Clocky. She is also the founder and CEO of Nanda Homes.
Gauri’s aim for Toymail is to change how children interact with toys. Her objective is to make the kids receive messages through the toys she makes without looking at screens. Although her parents were entrepreneurs, she didn’t envision herself in the same space. Her parents once bought a failing newspaper and redeveloped it back up to a successful business that earned them profit after they sold it in 2007. When Gauri was in college, she invented an alarm clock that runs around while beeping. This became a stepping stone in her journey. She hoped to replicate the alarm clock with Toymail, but this required more money which they raised together with her partner, Audrey Hill. They aim to explore the smart kids’ toy market, which is relatively untapped. Additionally, Gauri and Audrey have the desire to transform how adults communicate with kids, helping them inject fun into kids, without the distraction of screens.
Toymail Shark Tank Update
Did Toymail Get a Deal on Shark Tank?
On Shark Tank Season 8 Episode 17, Gauri Nanda accepted an offer of $600,000 for 5%, from Lori Greiner and Chris Sacca.