Lumio, the innovative company founded by Max Gunawan, is known for its foldable, book-shaped lamp, which quickly gained attention after its appearance on Shark Tank in 2015.
On the show, Max pitched the idea and secured a deal with Robert Herjavec for $350,000 in exchange for 10% equity.
Since then, the company has seen impressive growth, raising over $500,000 through Kickstarter, and expanding its product offerings.
As of 2025, Lumio’s net worth is estimated to be around $5 million. This is a significant increase from its initial days, thanks to the company’s unique lighting solutions and steady demand from customers worldwide.
Lumio has continued to grow, maintaining strong sales both online and in select retail outlets. The company, which has 27 employees, reported annual sales revenue of approximately $350,000 in 2022.
The company has also won multiple awards for its design, and despite remaining privately owned, it has garnered a strong customer base that appreciates the blend of innovation and aesthetics in its products.
While there hasn’t been any major acquisition, Lumio’s continued success and the backing from Robert Herjavec suggest that its future remains bright.
Max Gunawan’s entrepreneurial journey began unexpectedly, driven by a desire to create beautiful, functional designs.
Today, his efforts have resulted in a thriving business with a $5 million net worth as of 2025. The story of Lumio’s success on Shark Tank is a testament to the power of innovative thinking and execution.
