Monti Kids Net Worth 2024: Know Its Founder & Update After Shark Tank
The groundbreaking app created by Zahra Kassam, Monti Kids is likewise called the Montessori teaching platform. From the convenience of their own homes, children may begin an adventure of learning and exploration with Monti Kids.
To help kids grow emotionally, socially, and cognitively, this cutting-edge platform provides a wealth of educational tools and activities.
Cotton toys of superior quality, designed in the style of Maria Montessori, were once sold by Monti Kids. The makers of these toys took great pains to ensure that they would encourage children’s development via play and learning.
Nevertheless, Monti Kids has ceased advertising its toys as of July 31, 2023, and is now solely offering digital educational films.
Engaging lessons, interactive activities, and individualized learning plans tailored to each child’s specific needs and talents are just a few examples of the educational content that families have access to by paying a monthly fee.
Monti Kids Net Worth
After their appearance on Shark Tank USA: Season 10 on January 27, 2019, the Monti Kids became household names in the world of entrepreneurship. Monti Kids’ owner Zahra Kassam took great pride in disclosing the family’s $6.5 million net worth during this highly anticipated episode.
But now we’re in the present, and it’s obvious that Monti Kids has had tremendous growth, establishing itself as a frontrunner in the business. Our research shows that by 2024, Monti Kids’ net worth had soared to a whopping $9.3 million.
Who is the Founder of Monti Kids?
The Monti Kids brand of Montessori toys for babies and toddlers was founded by Zahra Kassam. She is a qualified Montessori teacher and has degrees from Harvard.
By raising awareness of the education gap and securing funds on Shark Tank, Zahra has made a significant impact. Her “Education from Birth” TedX presentation has gone viral, with over a million views.
Some of her accolades include being named a “World Changing Woman” and receiving an honor from the Dalai Lama for Unsung Heroes of Compassion, as well as invitations to the Lego Ideas Conference and the White House. The Monti Kids brand is now worth over $1 billion.
Monti Kids Update Shark Tank
To raise $250,000 to acquire 2.5% of her business, Zara Kassam appeared on Shark Tank. The result was a $8,000,000 valuation for Monti Kids. She began by outlining her business plan and demonstrating to the sharks how Monti Kids would be beneficial to their operations. She continued by offering the sharks some of her toys for them to try.
Kevin inquired of Zara, “What is the purpose of this toy?” as he held a container containing many balls. According to Zara, he was meant to learn about object permanence, which is necessary for infants starting at about five months of age. Babies figure out that putting the ball in the box means it’s gone, but they can still find it when they’re around seven or eight months old. They aren’t yet old enough to understand where to look for the ball.
Then Kevin wanted to know if Zara was doing interviews with 2-month-old infants to find out their preferences. According to Zara, the toys were based on the Montessori approach to education, which has been around for a century. Around the globe, 20,000 educational institutions have embraced the Montessori approach to teaching and learning. Then Mark Cuban wanted to know if they were merely selling Montessori kits for do-it-yourselfers.
Since 0-3 Montessori was out of reach for Zara, she confirmed that it was and that it was for children aged 0 to 3. Since Zara appeared to know a lot, Lori asked her to tell her about herself. Zara claimed to have become valedictorian of her class after enrolling in the psychology program at Harvard University.
She subsequently earned certification as a Montessori-trained teacher on an international level. The next thing Zara did was become a Montessori preschool teacher, which she adored. Her first child was born shortly after. She knew that the first three years of a kid’s life are foundational and formative, but her child was scheduled to begin formal education at three.
Subsequently, Robert inquired of Zara the price. According to Zara, the product is designed to last for 2-3 months on a single level, and it costs $297 for a customer. With 8 tiers, the product would set you back $2376.
When Kevin inquired about the return policy, he was informed that the product would still be used after the return time ended. When Kevin inquired about the production cost, she informed him it was $120.