Savy on ‘Shark Tank’: A Look Inside the Clothing Company That Has You Negotiate Pricing

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Savy entered the Shark Tank with a startup that allows customers to shop for clothing online and make an offer on how much they’d be willing to pay for it. If the offer is accepted from one of their 1,000-plus retailers, confirmation is sent via email. Using a data-driven pricing strategy, it benefits both the businesses and consumers.

We interviewed CEO Disha Shidham, who came up with the idea as a junior in high school through the MIT Launch Summer Program. It launched a year ago on the ecommerce platform Shopify‘s app store.

Here’s what else she told us about…


How the Idea Came About in Her High School Class

I got the initial idea for my startup back when I was a junior in high school; I was sitting in my AP European History class (sorry Mr. Endres!) and noticed one of my classmates shopping online in a rather peculiar manner. She’d find an item she liked and copy and paste a link to it in a giant Google Doc which was filled with links to other products. When I asked what she was doing, she told me that she was manually price tracking the products she was interested in. That’s when it hit me – price is really important!


How it Works

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Savy is a win-win for both customers and businesses. Customers can discover their style at their price by shopping from any of our 1000-plus retail partners. When they find an item they love, they can enter how much they’d be willing to pay for it and we’ll email them if their price point is met. Our partnered businesses get direct feedback about their product pricing, access to customers’ emails, and also become a part of our awesome community of Savy Stores.


Feedback So Far

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Partnered businesses love being part of the Savy Stores’ community and have mentioned that the data Savy has provided has been incredibly useful in pricing for sales. Our paid tier is currently in beta with two large clients. So far, it has significantly increased buyer and Add to Cart conversions and has also provided a 20 percent increase in revenue for products included in our tests.


Nerves in the ‘Tank’ & Advice to Future Contestants

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I was incredibly nervous! I grew up watching Shark Tank, so being in front of the Sharks and pitching my company was fulfilling a childhood dream of mine. Also, that was the first time I’d ever been on a film set – every moment was new and captivating. Being in the Tank was such a cool opportunity that I am endlessly grateful for…Be yourself! Everything you’ve ever wanted is on the other side of fear, so laugh, be playful and fun. Don’t take slights against you or your product personally.


More Shark Tank clothing companies:




3 Comments

3 Comments

STEVEN HERROLD

i’m a guy who likes your idea as presented on shark tank but i want to know if this could grow into everything in the retail industry sort of like a giant flea market in order for this to work you must sell a lot more than women’s clothing

(table thought by our father )

Song of songs5:9,10,11,12,13,14,15,16,
We see the face Glory of Lord Jesus,it is praised by ,the church ,,the Bride of Lord Jesus Christ,,
The same face of Lord Jesus Christ we see in Revelation1:13,14,15,16,17,28,,,,
We see the face of,,,,both ,,,
the one who came as son,,,, and the same as judge in future ,.
In Luke chapter,,
Luke 23:27,28
We see Jesus advising women of Jerusalem,,to weep for them and their children ,,,
If anyone in this church( USA) building or in this church era has ( we Christians believe we live in era of church ,,like Ephasus ,,Simirna ,) not accepted Jesus is Christ as your saviour please repent today itself,,
Do not postpone your salvation tomorrow,,,
Please get refuge to Jesus Christ ,,he is rock ,,
Revelation 1;6,7
Verses ,,says about how Jesus Christ will come as he is ,,and all the people will lament ,,
Says the Bible Revelation,,
You should get refuge to Jesus Christ
before door is closed ,,
the door of salvation ,,
Please enter in to the ship ,,
Because the people will lament ,,,asking the mountains fall on them ,,but we get refuge in Jesus Christ,,
(Here it is told for non Christians or unbelivers,,or gentiles ,,,they will lament,,)
John 6;52 to 58 ,,
The Jews and gentiles told about Christians as man flesh eaters,,
Because Jesus said ,,
I am bread,,
Please turn to Jesus ,,
In Christ we have salvation,,
We have refuge under Jesus,,
Accept JESUS as your personal savour today ,,
Amen
God give you a day to you,,to turn to Jesus,,
Turn to Jesus today,,

_”’Get refuge in Jesus ,,
Get refuge in to JESUS ,,
Get refuge in to JESUS,,___’__
Table thought by my father ,,

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