Renowned for their touchscreen-friendly gloves, the iGlove business is doing really nicely in 2024. Founded by Rajan Kumar Jerath, the business has brought in more than £125,000. With an estimated net worth of £2 million today, iGlove followed a self-driven route despite no deal from Dragons’ Den.
iGlove Company Profile
| Attribute | Information |
|---|---|
| Founder | Rajan Kumar Jerath |
| Founded | 2014 |
| Headquarters | Newcastle, United Kingdom |
| Industry | Wearable Technology |
| Main Product | Touchscreen-Compatible Gloves |
| Dragons’ Den Appearance | Season 12, Episode 08 |
| Ask on Dragons’ Den | £75,000 for 40% Equity |
| Deal Accepted | No Deal |
| Company Status | Active |
| Revenue (2024) | £125,000+ |
| Net Worth (2024) | £2 million |
| Social Media Presence | Instagram, Twitter |
| Reference | Companies House |
Development Following Dragons’ Den Appearance
After Dragons’ Den, iGlove had fresh obstacles. Although the investors of the show like the functioning of the device, they were concerned about Apple’s brand name since they feared legal challenge of the “i” prefix. Jerath however remains dedicated to the brand identity and kept the name without rebranding.
Unique Product Design of iGlove
The design of iGlove lets hands stay warm and facilitates simple smartphone operation. This is made possible by silver-coated fingertips, which assist those in cold climates. Particularly among users who must access devices outside without removing their gloves, the gloves have become somewhat well-known. Additionally available from a Bluetooth variant are hands-free call capabilities.
Income Sources and Economic Expansion
Online sales account for most of iGloves’ income. Prices start at £5.99; deluxe variants abound for more. The different prices draw a broad audience. The more choices—including leather models—help to boost sales. Although official valuation statistics is not public, the company’s market presence points to increasing brand value.
Meet iGlove Founder Rajan Jerath.
Technology lover Rajan Kumar Jerath started iGlove in 2014. Jerath also owns Jerath Holdings, a Newcastle-based organization engaged in several commercial endeavors. Jerath keeps a quiet profile, yet iGlove’s market expansion clearly shows his creative ideas in wearable technology.
Increasing Product Diversity
The business has developed beyond simple designs to incorporate Bluetooth-compatible gloves and leather. Attractive to tech consumers, the Bluetooth model lets calls. The range of products shows Jerath’s approach of meeting consumer needs in line with The constant expansion and client loyalty of iGlove depend on its flexibility.
Effect of Dragons’ Den on Net Worth of iGlove
Even without a transaction, showing up on Dragons’ Den gave great publicity. The show increased traffic to iGlove’s website, therefore supporting sales. The idea of the product attracted many viewers, so building a strong starting clientele. Since then, iGlove has kept brand recognition and good sales momentum.
Product Sales and Consumer Reception
Now reflecting iGlove’s success, sales top £125,000. Consumers value the gloves’ original design and simplicity. With the brand valued at £2 million, this consistent income has driven the company’s expansion. The variety of glove choices maintains iGlove competitive in the market for tech accessories.
Legal Issues and Branding Decision Making
Dragons’ Den investor Peter Jones pointed up probable trademark problems, but iGlove has stayed out of legal hot ground. Retaining the “iGlove” name helped to keep brand identification by Jerath. Using the original moniker, iGlove has created a distinctive, identifiable wearable tech product.
Opportunities for iGlove in 2024 and Beyond
The company’s success points to its likely exploration of more product features and collaborations. Bluetooth glove alternatives highlight iGlove’s commitment to improving its goods. Further income could come from future joint ventures with internet businesses or winter gear companies. The market position of iGlove depends on constant innovation.
FAQs About iGlove Net Worth and Business
1. What is iGlove’s estimated net worth in 2024?
iGlove’s estimated net worth in 2024 is around £2 million, reflecting its steady growth and popularity since its founding in 2014.
2. Did iGlove secure a deal on Dragons’ Den?
No, iGlove did not receive an investment on Dragons’ Den, but the appearance gave the brand valuable exposure, helping boost its sales.
3. What makes iGlove unique?
iGlove’s gloves are designed with silver-coated fingertips that allow users to operate touchscreen devices while keeping hands warm, even in cold weather.
