Sharks invest in Toygaroo: The Netflix of toys

   March 31, 2012 7:18 am    0

 

In a rerun of a 2011 episode, Toygaroo CEO Nikki Pope got a big investment from ABC-TV Sharktank sharks Mark Cuban and Kevin O’Leary, who pumped $200,000 into the company. Watch the episode here.

Toygaroo is an online toy rental service with members, just like Netflix. Parents sign up for monthly packages from under $30 to more than $50 a month. They choose the toys they want delivered from a website, and voila — a FedEx box full of sanitized toys shows up on the doorstep every month or two months. The company offers more than 500 brand names including Playskool, Fisher Price and a dozen popular companies with toys for newborns to 5-year-olds. There are no late fees, and it includes free shipping.

Right now, Toygaroo is doing so well that it has a waiting list for customers. O’ Leary must know toys. he sold The Learning Company to Mattel for more than $3 billion.

PAM PARKER is the editor of Lake Erie LifeStyle, Her Times and House to Home. Follow her on Twitter at twitter.com/HerTimes. Read the Lifestyle/HerTimes blog at http://www.goerieblogs.com/lifestyle/hertimes and post comments.

 

 

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