Disney is looking to sell or find a partner for its business in India, and has been in talks with big names like Gautam Adani, Kalanithi Maran, who owns Sun TV Network, and the private investment firm Blackstone.

However, according to Bloomberg, Disney is considering selling a major part of its Disney Star business in India, valued at around $10 billion, to Reliance. However, Reliance values the business between $7 billion to $8 billion.

Disney's India business comprises the Disney+ Hotstar streaming service and Star India. Meanwhile, Ambani’s media streaming service by Reliance is called JioCinema.

The deal, which could be a mix of cash and stock, might be announced as soon as next month. Post-deal, some of Reliance’s media segments may merge with Disney Star, although exact details are not provided.

According to the proposal, Disney might retain a small part of the business in India even after the deal. However, nothing is finalized yet, and Disney might decide to hold onto its assets for a little longer.

Disney didn’t comment on the matter, and a spokesperson for Reliance also chose not to comment.

Ambani and Disney's Rivalry in Indian Entertainment and Sports Broadcasting

This potential deal highlights Ambani's growing influence in India's entertainment scene. In April, Reliance secured a deal to air Warner Bros Discovery Inc.’s HBO shows in India, content previously held by Disney.

Furthermore, in August, Ambani outbid Disney to acquire rights to televise and livestream the national team’s cricket matches for $721.41 million, further amplifying JioCinema’s popularity.

As a result, Disney+ Hotstar lost many subscribers, dropping from 61 million in October 2022 to about 40 million by July 2023, mainly because they lost the rights to stream some cricket matches.

However, while Ambani snagged the rights to broadcast all bilateral matches of the Indian cricket team, Disney+ Hotstar won the media rights for the International Cricket Council’s tournaments in India. Therefore, Disney provided free live streaming of the Asia Cup and the ICC Cricket World Cup on smartphones.

As a result, Disney’s streaming platform in India witnessed a record 43 million viewers for a recent Cricket World Cup 2023 match between India and New Zealand on 22 October 2023, indicating a strong viewer base in cricket-loving India. Disney+ Hotstar head Sajith Sivanandan had this to say:

We want to thank our users who flocked to Disney+ Hotstar for the thrilling game between India vs. New Zealand, and helped us reset the world record for concurrent viewers for a live streaming event. We served 43 million concurrent viewers at its peak during the match - a historical high that easily surpasses the 35 million previously set for the India vs. Pakistan match in the same tournament.

The post Disney India Nears Multibillion-Dollar Deal with Reliance appeared first on Business2Community.

Key Takeaways: Wendy's Gnome Shop's Shark Tank Pitch

• Investment Request: $200,000 for 20% equity.
• Sales: Over $688,000 from 23,000 gnomes sold in 18 months.
• Platform: Primarily sells on Etsy, aiming to move to direct-to-consumer.
• Offer Accepted: Daymond John offered $200,000 for 30% equity.
• Business Goal: Increase profit margins by reducing reliance on Etsy.

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Wendy's Gnome Shop: A Quick Company Overview

In the wake of a lost relationship, labor and delivery nurse, Wendy Hoffmeister, was looking for a hobby to fill her time and began crafting gnomes.

Known for spreading good luck and prosperity, gnomes are a very popular and timeless decor item in many homes.

Wendy creates gnomes for every holiday and occasion and also offers a custom design-a-gnome feature.

As she quickly gained traction selling her gnomes on Etsy, Wendy realized she had a real business on her hands and created Wendy's Gnome Shop.

Over the course of the last 18 months, Wendy has created and sold over 23,000 gnomes which equates to $688,000 in sales.

https://twitter.com/ABCSharkTank/status/1469476963899166720?s=20

Because her business is growing so quickly, both Wendy and her daughter have retired from nursing to focus on Wendy's Gnome Shop full time.

They are hoping to completely move away from Etsy, which accounts for about 80% of their business currently.

Because of the fees through the platform, Wendy would like to partner with a Shark that can help her sell direct-to-consumers through her website to increase her profit margins.

Seeking an investment of $200,000 in exchange for 20% equity in Wendy's Gnome Shop, Wendy is hoping to partner with a strategic investor that is able to help the company boost its SEO and online marketing to reduce its reliance on external websites.

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The Sharks React to Wendy's Gnome Shop

Although some of the Sharks feel as though Wendy has created too niche of a business, Barbara Corcoran and Daymond John are both impressed by Wendy and the volume of sales she has been able to acquire during such a short time.

In an unusual scene in the Shark Tank, Barbara and Daymond found themselves in a bidding war over Wendy's Gnome Shop.

Although Barbara laid out a clear path of strategic change, Wendy felt that Daymond was the ideal partner for her and she accepted his $200,000 investment in exchange for 30% equity in Wendy's Gnome Shop.

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https://twitter.com/TheSharkDaymond/status/1469475957996142598?s=20

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Closing Thoughts

If you were a Shark would you have invested in this company? Do you think that Wendy made the right choice by partnering with Daymond over Barbara? Start the conversation in the comments below!

The post Shark Tank Update: Wendy’s Gnome Shop Accepts $200,000 From Daymond John appeared first on Business2Community.

Key Takeaways: Zach and Zoe Sweet Bee Farm on Shark Tank

• Personal Origin: Founded to alleviate son Zach's allergies using raw honey, leading to a profitable family business.
• Impressive Growth: Sales reached $401,000 in the first year, doubling in 2021 with expectations to exceed $1 million.
• Shark Interest: Both Barbara Corcoran and Kevin O'Leary extended offers due to the product’s taste and profitability.
• Retail Expansion: Seeking to break into retail, already in partnership with Target.
• Scaling Challenges: Sharks concerned about scaling complexities but impressed by current margins and growth.
• Deal Secured: Chose Barbara Corcoran’s $200,000 offer for 15% equity over Kevin O'Leary's royalty deal to aid brand building.

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The Story Behind Zach and Zoe Sweet Bee Farm

Five years ago the Johnson family was on a mission to help alleviate their young son's severe allergies which frequently left him hospitalized, unable to breathe.

By introducing raw honey into his diet, the family noticed that the consumption of residual pollen helped to ease Zach's allergies year after year.

The Johnson family began farming their own bees to be able to provide Zach with a continual supply of raw, unprocessed, pesticide and additive-free honey.

They learned that the honey that is frequently sold in stores has been processed, removing most of the good-for-you benefits. This inspired them to sell their own honey and their company, Zach and Zoe Sweet Bee Farm, was born.

https://twitter.com/ABCSharkTank/status/1461873857082511364?s=20

The Financial Details of the Bee Farm

After launching in 2020 Zach and Zoe Sweet Bee Farm sold $401,000 worth of their specialty honey.

In 2021 they have already doubled that number and hope to cross the $1,000,000 of sales. Currently, The Johnson family manually blends their honey with superfoods and packages the product themselves.

They sell their product at a 25% upcharge because of the featured superfood blend.

They are hoping to partner with a Shark that can help them establish a relationship with a copacker so that they can scale their business to accommodate their recent growth.

Zach and Zoe Sweet Bee Farm came to the Shark Tank hoping to acquire an investment of $150,000 in exchange for 10% equity in their company.

How the Sharks Reacted to their Pitch

The Sharks love the taste of the product and are very impressed that they are already a profitable company with 23% margins.

They also are selling direct-to-consumer and are trying to break into the retail space with their recent partnership with Target. They are worried, however, that there will be complexities and difficulties with scaling and growing the business.

Both Barbara Corcoran and Kevin O'Leary decide to extend offers to Zach and Zoe Sweet Bee Farm.

Kevin offers them a royalty offer, requiring no equity exchange. Barbara offers to invest $200,000 in exchange for 20% equity.

Because they think that Barbara is the best partner for them and that she can help them build their brand and get into retail stores, they counter-offer and agree to the investment for 15% equity in Zach and Zoe Sweet Bee Farm.

https://twitter.com/DanielLubetzky/status/1461873552295174144?s=20

https://twitter.com/BarbaraCorcoran/status/1461874142714732549?s=20

Wrapping Up

Do you think that the Johnson family made a wise decision in partnering with Barbara for an equity share versus Kevin's royalty offer?

If were a Shark would you have invested in Zach and Zoe Sweet Bee Farm? Start the conversation in the comments below!

Read more: Shark Tank: Hugo’s Amazing Tape Accepts $100,000 Offer from Lori Greiner and Mark Cuban

The post Shark Tank Update: Zach and Zoe Sweet Bee Farm Accepts $200,000 From Barbara Corcoran appeared first on Business2Community.

Key Takeaways: Sheets Laundry Club on Shark Tank

• Eco-Friendly Mission: Founded to combat single-use plastics with plastic-free laundry products.
• Rapid Growth: Achieved $7 million in lifetime sales since launching in 2020.
• Strategic Investment: Secured $500,000 from Daniel Lubetzky for 8% equity and 2% advisory shares.
• Exclusivity Agreement: Must capture the market before their agreement with Kimberly Clark expires in 2024.
• Health Impact Motivation: Co-founder Chris Videau's health issues from burning plastic spurred the company’s creation.

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Sheets Laundry Club: Company Overview

After spending 20 years in the Army as a helicopter pilot, Chris Videau was able to see first-hand how single-use plastics have created a global crisis.

Not only could Chris physically see how much discarded plastic there was in landfills and in nature, but he also suffered health consequences as a result of trash and plastic burning while he was a pilot.

Because the fumes from burning plastics rise, his lungs were greatly impacted by the air quality issues he experienced in his time as a pilot.

Knowing he needed to help make a change, Chris partnered with his friend, Chris Campbell, and created Sheets Laundry Club.

https://twitter.com/ABCSharkTank/status/1461862586421428226?s=20

The Problem Sheets Laundry Club Solves

By targeting one of the worst offenders of single-use packaging, the laundry industry, Sheets Laundry Club has created a suite of plastic-free cleaning products to begin changing the way Americans launder their clothes.

More convenient than liquids and powders, easier to ship, and far better for the planet than mainstream alternatives, the pair's plastic-free detergent sheets can simply be thrown in the washing machine with a load of laundry.

Their product leaves linens fresh and clean without any of the plastic waste that is left behind with traditional laundry detergents.

Sheets Laundry Club has also expanded into other cleaning products as well, all with one goal in mind: reducing the amount of single-use plastic containers in our landfills.

Read more: Shark Tank: Sand Cloud Accepts Deal with Robert Herjavec for $200,000

How Did Sheets Laundry Club Perform So Far?

Since launching in January of 2020, Sheets Laundry Club is on track to close 2021 with $7,000,000 in lifetime sales.

Although their domestic sales have been impressive, they are looking to expand into the global market to have a larger impact on their mission.

They need a Shark that is willing to help them expand, while working within the confines of their exclusivity agreement with Kimberly Clark.

Because Sheets Laundry Club does not own the technology used to make their product, they need to expand and capture the detergent sheets market before their exclusivity agreement expires in 2024.

What the Sharks Thought About the Product

The pair is looking for a Shark willing to invest $500,000 in exchange for 5% equity in Sheets Laundry Club.

The Sharks are impressed with their mission and their sales. Guest Shark, Daniel Lubetzky, feels particularly passionate about their mission and believes that he can help them grow globally since he is already in the sustainable space.

Daniel agrees to invest $500,000 in Sheets Laundry Club in exchange for 8% equity and 2% in advisory shares. Chris and Chris are excited to have a Shark investment partner who is so knowledgeable in this industry.

https://twitter.com/DanielLubetzky/status/1461862913283694596?s=20

https://twitter.com/ABCSharkTank/status/1461863827780235267?s=20

https://twitter.com/BarbaraCorcoran/status/1461864472327475202?s=20

Over to You

Would you purchase products from Sheets Laundry Club?

Do you think that Daniel is taking a risk on their company since they do not own the patent to the product they are selling? If you were a Shark, would you invest in Sheets Laundry Club? Start the conversation in the comments below!

The post Shark Tank Update: Sheets Laundry Club Accepts $500,000 From Daniel Lubetzky appeared first on Business2Community.

Sheets Laundry Club, Pink Picaso, Love & Pebble, and Zach and Zoe Sweet Bee Farm all brought compelling business cases to the Sharks.

All but one left the Shark Tank with partnership deals in hand. Read on to learn more.

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Key Takeaways: Shark Tank Deals

• Sheets Laundry Club: Secured $500,000 from Daniel Lubetzky for 8% equity, focusing on reducing plastic waste with dissolvable detergent sheets.
• Pink Picasso: Partnered with Lori Greiner and Daniel Lubetzky, receiving $400,000 for 5% equity for their stress-relieving paint-by-numbers kits.
• Love & Pebble: Despite $1 million in sales, the beauty brand left without a deal due to concerns about sustainability beyond viral success.
• Zach and Zoe Sweet Bee Farm: Accepted Barbara Corcoran's investment of $200,000 for 15% equity to expand their raw, unfiltered honey business.

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Sheets Laundry Club Lands A Deal With Daniel Lubetzky

Founders of Sheets Laundry Club, Chris Videau and Chris Campbell, are looking for a business partner that can help them expand their business to a broader international market.

Inspired to act by the global plastic waste crisis, the pair have created more eco-friendly ways to distribute everyday cleaning agents without the plastic waste needed for traditional liquid and powder detergents. Sheets Laundry Club has an exclusive agreement with major brand Kimberly Clark to use their technology which embeds detergents into a fully dissolvable sheet to create cleaning products from laundry detergent to floor cleaners.

The pair are seeking an investor willing to infuse $500,000 into their business in exchange for 5% equity.

https://twitter.com/ABCSharkTank/status/1461862586421428226?s=20

Because Sheets Laundry Club has seen explosive growth and is on track to close the year at $7,000,000 in sales, the Sharks are unsure if they truly need a Shark to help grow their business.

The Sharks are also concerned that they don't own their own technology and that too much of their business is reliant on their agreement with Kimberly Clark. Although it seems as though none of the Sharks would like to partner with Chris and Chris, Daniel Lubetzky is inspired by their mission.

He agrees to invest $500,000 in exchange for 8% equity and 2% advisory shares in Sheets Laundry Club.

Pink Picasso Partners With Two Sharks

Business partners and wife team, Ashley and Brittany Silfies, have combined their talents to create a company their family can be proud of.

After going through two messy divorces, the pair needed to assess their talents and invoke their entrepreneurial spirit to make ends meet. With a background in photography and manufacturing, Ashley and Brittany have created an affordable art kit that allows consumers to unplug and destress. Their company, Pink Picasso, is an all-in-one, paint-by-number craft product that has even made its way to Oprah's "favorite things" list.

Hoping to partner with a Shark that can help them get into big-box retailers and secure licensing agreements, Ashley and Brittany are looking for a strategic partner as much as they are hoping to secure an investment of $400,000 for 5% equity in Pink Picasso.

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The Sharks love their story of pulling themselves up by their bootstraps and overcoming tremendous adversity to launch their company.

Ultimately, four Sharks decide to extend partnership deals to Ashley and Brittany, although they have unique spins on how they structure the deal. Barbara Corcoran wants to loan them the money for 8% interest, just to show them that they don't truly need a partner. Kevin O'Leary would like to only take 3% equity but receive a royalty from each unit sold. Daniel Lubetzky and Lori Greiner combine their efforts and offer to invest in Pink Picasso for a straight equity investment.

Ashley and Brittany decide to accept Lori and Daniel's offer and leave the Shark Tank with two new business partners.

Love & Pebble Leaves The Shark Tank Empty-Handed

Paul Tran and Lynda Truong have created a new skincare product that they believe will revolutionize the beauty industry.

By combining the anti-inflammatory effects of cryogenics with the skin conditioning benefits of their superfood blend, Love & Pebble has created the first beauty pops that help to tighten and brighten skin. Their nutrient-dense powder gets poured into a mold where it is combined with water. A stick is placed in the formulation and then frozen. These easy DIY beauty pops have gone viral on social platforms such as TikTok leading to a great boost in sales.

Paul and Lynda Are hoping to secure $150,000 in exchange for 10% equity in Love & Pebble to continue to grow their brand.

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Since launching in March, the couple has sold nearly $1,000,000 of their skincare product to consumers.

Although the Sharks like their innovative ideas and their impressive 80% margins, they are concerned that the viral nature of the product will come to an end and there is not much room for further growth. The Sharks decide not to invest in Love & Pebble but they do encourage them to grow slowly and take their time to really learn how to market through social media and not try to repeat their early viral success.

Unfortunately, Paul and Lynda left the Shark Tank without a deal.

Barbara Corcoran Extends An Offer To Zach and Zoe Sweet Bee Farm

Family members Zachary, Zoe, Kam, and Summer Johnson created their family-owned business Zach and Zoe Sweet Bee Farm in response to Zach's severe seasonal allergies.

After spending significant amounts of time in the hospital, the Johnson family discovered that introducing Zach to pollen through raw honey help to alleviate his allergy symptoms. Because most commercially available honey is processed, it loses the majority of its health benefits. Zach and Zoe Sweet Bee Farm raises their own bees and sources additional local honey to sell raw, unfiltered honey.

Their honey has no pesticides or additives, leaving only the true honey behind.

https://twitter.com/ABCSharkTank/status/1461873857082511364?s=20

The Johnson family came to the Shark Tank seeking an investment partner willing to float $150,000 into Zach and Zoe Sweet Bee Farm in exchange for 10% equity in the company.

They need a partner that can help them scale and grow their business as they are expanding into more retail markets. The Sharks love the taste of the product and two of them think that they could be the ideal partner for Zach and Zoe Sweet Bee Farm. Both Kevin O'Leary and Barbara Corcoran extend the Johnson family investment opportunities.

Kevin would like to do a royalty deal while Barbara is interested in a straight equity offer. After countering with Barbara they agree to accept her investment of $200,000 in exchange for 15% equity in Zach and Zoe Sweet Bee Farm.

Wrapping Up

What do you think of the businesses highlighted on this episode of Shark Tank? If you were a Shark which of these companies would you invest in? Do you think the Sharks made a mistake by not partnering with Love & Pebble?

Latest Update:

• Sheets Laundry Club: Continues to expand internationally and grow sales, with a strong focus on eco-friendly home products.
• Pink Picasso: Expanded into major retailers and online platforms, benefiting from increased visibility and Lori and Daniel’s connections.
• Love & Pebble: Despite not securing a deal, they have maintained strong sales and continue to innovate in the skincare industry.
• Zach and Zoe Sweet Bee Farm: The company has expanded its retail presence and is thriving with Barbara Corcoran's guidance, providing unfiltered honey products to more consumers.

Sound off in the comments below!

https://twitter.com/ABCSharkTank/status/1461876954773155845?s=20

The post Shark Tank Update: Sheets Laundry Club, Pink Picasso, Love & Pebble, and Zach and Zoe Sweet Bee Farm appeared first on Business2Community.

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Key Takeaways:

• Concept: Connects homeowners with off-duty firefighters for odd jobs.
• Revenue Model: Takes a 23% fee from services rendered through the app.
• Current Operations: Active in Phoenix and Tampa, with plans to expand.
• Investment: Secured $300,000 for 33.3% equity from Lori Greiner and Robert Herjavec.
• Target Audience: Primarily serves elderly clients needing reliable handyman services.

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Hidrent Company Overview

When it comes to needing small, odd-jobs done around the house, it's hard to know who to call.

There is no shortage of social media outlets to search to find someone willing to complete the tasks, but it's harder to know if you can trust the person you are letting into your home. Dallas native, Dave Heimbuch, has created a unique way to solve this problem with his app, Hidrent.

This innovative app pairs trusted community members, firefighters, with odd jobs to ensure that each user has a well-trained and trusted handyman coming into their homes.

Hidrent allows homeowners to post odd jobs on their platform where off-duty firefighters can see the details of the work and accept the job.

Once the work is complete, the firefighter can then submit their hours into the app which allows them to invoice the homeowner and receive payment--all within the platform.

https://twitter.com/ABCSharkTank/status/1459337582924296193?s=20

The Sharks React to Hidrent

Because Hidrent is only currently active in two major cities, Phoenix and Tampa, Dave is looking to partner with a Shark that is willing to invest $300,000 and their strategic expertise and growth strategy in exchange for 8% equity in his company.

Hidrent is able to make money by taking a 23% fee off of all services rendered through the Hidrent app.

Through the first 6 months of 2021, the app brought in $325,000 in revenue which already exceeded 2020's entire yearly revenue. One of the big challenges that Hidrent faces is that the majority of their clients are elderly and they need to tap into that demographic to become a trusted service in their community. This is going to take a lot of legwork to grow Hidrent's reach into other cities.

Although it seems that Nirav Tolia, founder of Nextdoor, would be the perfect partner for Hidrent because he already knows how to expand social platforms in individual cities, he knows what a hard road it is to establish trust and ownership in this space.

He is not interested in investing in Hidrent, however, Lori Greiner, who admittedly has a soft spot in her heart for firefighters, would like to work with Robert Herjavec to support and grow Hidrent's mission.

Because they have complementary skill sets, Lori thinks that she and Robert can help them rebrand and grow the business.

The pair decide to extend Dave an offer of $300,000 in exchange for 33.3% equity in Hidrent.

Although he gave up more equity than he was hoping to, Dave thinks that his partnership with Robert and Lori will help to grow the company's mission and expand its social reach and impact. He is looking forward to their partnership together.

https://twitter.com/LoriGreiner/status/1459337496865746944?s=20

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Final Thoughts

What did you think of the business spotlight on Hidrent? If you were a Shark, would you invest in Dave's handyman service and app? Do you think that Lori and Robert are the best partners for him? Start the conversation in the comments below!

The post Shark Tank Update: Hidrent Accepts $300,000 From Lori Greiner and Robert Herjavec appeared first on Business2Community.

Entrepreneurs from Fish Fixe, Hello Prenup, Deux, and Hidrent made their cases to the Sharks in hopes of landing financial investors and strategic partners in their business.

Although all of the featured businesses did get offers from the Sharks, only three companies left the Shark Tank with partnership deals in place.

Read on to learn more!

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Key Highlights from the Episode:

• Guest Shark Nirav Tolia joined the panel to evaluate pitches from Fish Fixe, Hello Prenup, Deux, and Hidrent.
• Fish Fixe secured a $200,000 deal for 25% equity with Lori Greiner.
• Hello Prenup landed a $150,000 investment for 30% equity from Nirav Tolia and Kevin O’Leary.
• Deux left without a deal after failing to agree on equity with Robert Herjavec.
• Hidrent secured $300,000 for 33.3% equity from Lori Greiner and Robert Herjavec.

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Fish Fixe Partners With Lori Greiner

Although seafood is good for your brain, heart, and skin, 80% of Americans are afraid of buying, handling, and cooking seafood, leaving a major deficit in their diet.

Emily Castro and Melissa Harrington are using their expertise in the seafood and marketing industries to give consumers an easier way to purchase premium frozen seafood products.

Delivered right to your door Fish Fixe has options for buying on-demand or through a subscription-based service. Emily and Melissa are hoping to partner with a Shark that can help them with their distribution logistics and who is willing to invest $200,000 in Fish Fixe in exchange for 15% equity.

https://twitter.com/ABCSharkTank/status/1459325977926901765?s=20

Although the Sharks like the taste of the products, many of them didn't feel as though they were the right partner for Fish Fixe. Kevin O'Leary is the only Shark interested in investing but would like to be an equal partner in the business.

He offers Melissa and Emily $200,000 for 33.3% equity. Because she doesn't want to see the pair lose that much equity, Lori Greiner comes back in at the last moment and makes a deal with Fish Fixe.

She will invest $200,000 in exchange for 25% equity in their company.

Hello Prenup Lands a Deal With Two Sharks

Divorce attorney, Julia Rodgers, has partnered with software engineer, Sarabeth Jaffe, to create an easier and more affordable way for Millenials to create prenups.

Hello Prenup is the first digital platform to let couples make prenups in minutes and for a fraction of the cost of traditional prenups. The Hello Prenup process allows each person to complete an in-depth questionnaire and a financial disclosure. The couple can then work through any discrepancies and complete the prenup process.

Sarabeth and Julia are hoping to partner with a Shark willing to infuse $150,000 into the business in exchange for 10% equity in Hello Prenup.

https://twitter.com/ABCSharkTank/status/1459331025914396677?s=20

Although the Sharks think their concept is clever, they do not have enough sales to truly prove the concept to most of the Sharks.

Because Nirav Tolia is already in the tech space, he has a different view of the company and thinks that he can help Julia and Sarabeth get Hello Prenup off the ground. Since Kevin O'Leary is already in the wedding space and has an existing database of potential customers for the company, Nirav and Kevin decide to partner together and offer Hello Prenup$150,000 for an equally shared 30% equity.

Sarabeth and Julia accept their offer.

Deux Over Negotiates And Leaves The Shark Tank Empty-Handed

Dallas native, Sabeena Ladha, has created an enhanced cookie dough recipe packed with vitamins and good-for-you ingredients.

Deux was inspired by Sabeena's love for junk food while trying to balance her diet to eat healthier. Her cookie dough recipes are packed with vitamins and nutrients to help consumers get in their recommended daily nutrients. Deux can be eaten right out of the jar or can be baked into cookies depending on the preference of the consumer.

Sabeena is seeking $300,000 in exchange for 10% equity in Deux.

https://twitter.com/ABCSharkTank/status/1459334325535535106?s=20

Although the Sharks like the taste of the product and are impressed with her sales, which are expected to reach $1,200,000 this year, they are concerned that the calorie content is too high and they would like to see it be even more healthy.

They also are concerned with Sabeena's presence in the Shark Tank and criticize her for not being able to read the room and appeal to all of her potential investors. It looked as though Deux would be leaving the Shark Tank without a partnership offer from the Sharks when Robert Herjavec jumped in and said he wanted to invest in her as an entrepreneur as he doesn't care much for the product. He offers to invest $300,000 for 15% equity.

After multiple attempts at unsuccessfully trying to counter-offer over a 5% difference in equity, Robert pulls his offer because he is frustrated that he extended her an offer so close to what she asked for and she still continued to try to negotiate.

Deux leaves the Shark Tank without an investment partnership.

Hidrent Snags Two Sharks

On a mission to partner homeowners with reliable and trustworthy handymen, Dave Heimbuch has created an app that will allow consumers to post odd jobs they need done around their homes.

Off-duty firefighters can then accept the jobs based on their skill sets, allowing them to make extra money.

The Hidrent platform allows consumers to post jobs, get paired with an off-duty firefighter, and be invoiced all within the platform. Because they are currently only active in two US cities, Dave is looking to expand Hidrent with the help of a Shark. He is hoping to find an investor that is willing to put $300,000 into the business in exchange for 8% equity.

https://twitter.com/ABCSharkTank/status/1459337582924296193?s=20

The Sharks are concerned with the name and branding of the company because they don't feel that it captures the true essence of what the company does.

They also are worried about the difficulty of expanding the business beyond the two pilot cities since consumers need to be educated on the platform and new firefighters recruited. Although Nirav has had similar success with Next Door, he knows how much work it is and doesn't think he will be able to get a return on his investment.

Agreeable to making changes in his company, Dave ultimately lands a deal with both Lori Greiner and Robert Herjavec. The pair will invest $300,000 in exchange for 33.3% equity in the company.

Wrapping Up

If you were a Shark would have invested in any of the companies featured in this episode of Shark Tank? Do you think that Sabeena's negotiation tactics justified the Sharks unwillingness to invest in Deux? Start the conversation in the comments below!

The post Shark Tank Update: Fish Fixe, Hello Prenup, Deux, and Hidrent appeared first on Business2Community.

Growing up in Philadelphia, he faced violence and drugs all around him. He promised himself he would be different. Wanting to prove to other kids that they didn’t have to turn to crime for money, Trey began Spergo with his birthday cash and has now built his brand to over $1,800,000 in sales.

The name Spergo combines superheroes and go-getters to inspire consumers to work hard and follow their dreams.

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Key Takeaways: Spergo Shark Tank Update

• Product: Inspirational apparel brand aimed at motivating youth.
• Investment Ask: $300,000 for 10% equity.
• Shark Response: Daymond John invested $300,000 for 20% equity due to his personal connection with Trey Brown's journey.
• Post-Show Success: Spergo continues to grow, focusing on eCommerce expansion and youth empowerment.

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Why Did Spergo Come into the Tank?

Trey's premium, global, apparel line is seeking an investment partner that can help them with their eCommerce sales and marketing.

Hoping to secure $300,000 in exchange for 10% equity, Trey and his mother, Sherell Peterson, are hoping to partner with a Shark willing to help them strategize and grow their business.

https://twitter.com/ABCSharkTank/status/1456786645483913217?s=20

The Sharks are impressed at how much grit and determination Trey has shown to get his company off the ground.

They appreciate the quality of his product, what his brand stands for, and the organic social media following he's gained through celebrity endorsements. Right now, 70% of Spergo's business comes from physical retail, while just 30% is from eCommerce. They understand that to grow, they must increase their eCommerce sales with the assistance of a Shark.

Both Mark Cuban and Daymond John are interested in investing in Spergo and in Trey.

https://twitter.com/TheSharkDaymond/status/1456786520074080256?s=20

Daymond feels a strong connection with Trey because their stories are so similar. When Daymond was launching FUBU, his mom was and continues to be his biggest supporter. Although Mark Cuban isn't into investing in clothing brands, he wants to invest in Trey. Because Trey feels that Daymond is the best partner for Spergo at this time, they come to an agreement that Daymond will own 20% of Spergo in exchange for a $300,000 monetary investment.

Trey is incredibly excited to partner with Daymond John.

https://twitter.com/BarbaraCorcoran/status/1456786408618684421?s=20

https://twitter.com/TheSharkDaymond/status/1456786907824893955?s=20

Closing Thoughts

If you were a Shark, would you have invested in Spergo? Do you think that Trey made a good decision to partner with Daymond over Mark Cuban? Begin the conversation in the comments below!

The post Shark Tank Update: Spergo Accepts $300,000 From Daymond John appeared first on Business2Community.

Wad-Free on Shark Tank - Quick Recap

1. Product Offering: Wad-Free for Bed Sheets prevents sheets from tangling in the washer, improving wash efficiency and cleanliness.
2. Sales and Performance: Sold $513,000 in products since launch in June 2020, through their website, Amazon, and Walmart.
3. Shark Deal: Accepted $200,000 for 5% equity from Kevin O'Leary with royalties until he recoups $1,000,000.
4. Market Strategy: Focuses on scaling through e-commerce and potential expansion into big-box retail.

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What Exactly is Wad-Free?

Cyndi Bray has developed a simple solution for washing bed sheets.

This chore often means sheets end up wadded up and the washer is thrown off balance. They also may trap additional laundry items in the folds of the sheets, preventing them from being effectively cleaned.

Her patented device connects to the four corners of the bedsheet, ensuring that sheets come out of the wash clean and without any other wet laundry hidden inside.

Cyndi created Wad-Free For Bed Sheets to save consumers time, energy and frustration when doing the laundry.

Seeking $200,000 in exchange for 5% equity in her company, Cyndi is hoping to partner with a Shark that can help her to expand her reach and sell more product.

https://twitter.com/ABCSharkTank/status/1456779220554821634?s=20

The Sharks React to Wad-Free

Inspired by her story and the simplicity of the product, the Sharks are interested in learning more about the company to make an investment determination.

Since launching the business in June 2020, Wad-Free For Bed Sheets has sold $513,000 worth of product through their own website as well as online marketers such as Amazon and Walmart.

The Sharks are impressed with Wad-Free's sales, profit margins, and Cyndi's work ethic. Several Sharks decide to extend Cyndi an offer.

https://twitter.com/BarbaraCorcoran/status/1456778355592679428?s=20

Kevin O'Leary offers to invest $200,000 for 10% equity in the company. He would also like a royalty of $1.50 per unit until he gets paid $1,000,0000 at which time the royalty will go away but he will remain an equity partner at 10%. Lori Greiner also offers to invest $200,000 but as a 25% equity partner. Lori's strategy is to make her a millionaire by partnering her with another business that she is involved with, increasing their digital advertising, and also expanding into infomercials. Through negotiations to keep her equity turnover low, Cyndi agrees to accept $200,000 from Kevin O'Leary for only a 5% equity stake. She will also pay him royalties until he makes back $1,000,000.

https://twitter.com/DanielLubetzky/status/1456777430291685378?s=20

https://twitter.com/ABCSharkTank/status/1456779585471664131?s=20

https://twitter.com/BarbaraCorcoran/status/1456780620244426756?s=20

https://twitter.com/TheSharkDaymond/status/1456779860064473091?s=20

https://twitter.com/TheSharkDaymond/status/1456781903772753927?s=20

Final Thoughts

If you were Cyndi, which offer would you have accepted? Would you have invested in Wad-Free for Bedsheets if you were a Shark? Start the conversation in the comments below!

The post Shark Tank: Wad-Free For Bed Sheets Accepts $200,000 From Kevin O’Leary appeared first on Business2Community.

Through the creation of her wedding planning app, Wedfuly, Caroline has been able to help hundreds of couples that otherwise may not have been able to tie the knot with their families and friends throughout the pandemic.

Wedfuly allows guests to attend weddings from anywhere.

The appeal of virtually streaming a wedding allows couples to ditch the traditional big, white wedding in favor of a smaller, more intimate wedding while allowing the couple to still share their special day with their loved ones.

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Key Takeaways: Wedfuly on Shark Tank

• Entrepreneurial Pivot: Caroline Creidenberg transitioned from finance to wedding tech, creating Wedfuly to address gender imbalances in software engineering.
• Pandemic Success: Wedfuly facilitated over 700 virtual weddings during the pandemic, generating $1 million in sales with a 75% profit margin.
• Shark Tank Decision: Caroline chose Robert Herjavec's offer of $200,000 for 10% equity over Kevin O’Leary’s offer, valuing the right partnership fit.
• Business Growth: Wedfuly's appeal lies in its ability to blend traditional weddings with modern technology, allowing global participation.

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https://twitter.com/ABCSharkTank/status/1456774270592372738?s=20

Quick Company Overview

When couples sign up for Wedfuly, they are guided through a workbook to help plan their wedding.

On the day of the wedding, couples set up tripods and cellphones from multiple angles while those attending enter a virtual waiting room. The guests experience a multimedia presentation with pictures, music, slideshows, and more until the ceremony begins. Since March 2020, Wedfuly has assisted over 700 couples, brought in over $1,000,000 in sales at a 75% margin, and has already achieved profitability.

Caroline came to the Shark Tank hoping to land a partnership with a Shark willing to invest $200,000 in exchange for 5% equity in Wedfuly.

https://twitter.com/DanielLubetzky/status/1456775721540521993?s=20

The Sharks React to Wedfuly

Because he is already in the wedding business, Kevin O'Leary is very interested in the customer database that Caroline has created.

He is also interested in the menu of add-ons that Wedfuly offers and feels that his businesses could be a feeder for Wedfuly and vice versa. He offers to invest $200,000 in exchange for 20% of the company. Robert Herjavec offers Caroline $200,000 for 10% equity. Because she owns 100% of the company, she is very cautious about how much ownership she gives away.

She quickly accepts Robert's offer, making him the first male partner in Wedfuly.

https://twitter.com/TheSharkDaymond/status/1456774065268666369?s=20

Shark Tank Update: Where is Wedfuly Now?

Wedfuly has continued to grow since its appearance on Shark Tank in 2021.

The company, which specializes in virtual wedding services, has seen a significant increase in demand, particularly as couples seek to include loved ones from around the globe. By 2024, Wedfuly has facilitated over 1,000 weddings and generated approximately $4.8 million in sales.

They have also introduced new features like live chats and virtual toasts to enhance the interactive experience for guests, further solidifying their position in the virtual wedding industry.

Wrapping Up

What do you think of Caroline's decision to partner with Robert over Kevin who already has contacts in the wedding industry and could help her grow and expand her business?

If you were a Shark, would you have invested in Wedfuly? Begin the conversation in the comments below!

Read more: Shark Tank: Bohana Accepts $200,000 From Kevin O’Leary

The post Shark Tank Update: Wedfuly Accepts $200,000 From Robert Herjavec appeared first on Business2Community.

Entrepreneurs representing Wedfuly, Wad-Free for Bed Sheets, Beulr, and Spergo presented compelling businesses cases to the Sharks in hopes of securing their expertise and investments.

Three of these businesses left the Shark Tank with partnership deals in hand.

Read on to learn more!

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Key Takeaways: Wedfuly, Wad-Free for Bed Sheets, Beulr, and Spergo on Shark Tank

1. Wedfuly: Adapted to the pandemic by offering virtual wedding services. Secured $200,000 for 10% equity from Robert Herjavec, recognizing the growing market for smaller, virtual weddings.
2. Wad-Free for Bed Sheets: Solved a common laundry problem with a simple product, securing $200,000 for 5% equity and a royalty deal from Kevin O'Leary due to high margins and sales success.
3. Beulr: Offered innovative software to attend online meetings on behalf of users but faced ethical concerns from Sharks. Walked away without a deal, receiving advice to pursue more productive ventures.
4. Spergo: Teen founder Trey Brown showcased a premium apparel brand with impressive sales growth. Secured $300,000 for 20% equity from Daymond John, highlighting the potential of youth entrepreneurship.

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Wedfuly Partners With Robert Herjavec

Software engineer and Denver, CO native, Caroline Creidenberg, realized during the pandemic that her skill set could be used to help couples who had to postpone or cancel their weddings during the pandemic.

Caroline created Wedfuly to help walk couples through the specifics of having a virtual wedding.

While she has learned a lot since launching Wedfuly, one of the most important learnings has been that even without the pandemic, there is a demographic of couples that would prefer to have small weddings with a virtual option rather than a large, white wedding.

https://twitter.com/ABCSharkTank/status/1456774270592372738?s=20

Seeking $200,000 for 5% equity in Wedfuly, Caroline is interested in partnering with a Shark that can help them to increase their reach.

Naturally, Kevin O'Leary is interested in partnering with Wedfuly as he is already in this market space and is interested in the data that Caroline has been able to accumulate.

Robert Herjavec is also interested in investing and thinks she is really onto something.

Because she is concerned about giving up too much equity in Wedfuly, Caroline accepts Robert's offer of $200,000 in exchange for 10% ownership in the company.

Wad-Free for Bed Sheets Accepts an Offer from Kevin O'Leary

Sometimes some of the most successful businesses featured on Shark Tank showcase simple products that address common, every day problems.

Cyndi Bray has created one such product that connects the corners of bed sheets for seamless washing and drying.

Wad-Free for Bed Sheets prevents sheets from becoming twisted or trapping other articles inside of them during laundering.

With rapid success through direct sales and big-box retailers, Cyndi is looking to partner with a Shark who is willing to invest $200,000 in exchange for 5% equity in Wad-Free for Bed Sheets.

https://twitter.com/ABCSharkTank/status/1456779220554821634?s=20

With great margins, admirable sales, and proven business knowledge, Cyndi presents the Sharks with a unique and appealing investment opportunity.

Both Lori Greiner and Kevin O'Leary are interested in investing in Wad-Free for Bed Sheets and, in turn, try to sell their own strategies and experiences to land a partnership deal with Cyndi.

Concerned with giving up too much of her company, Cyndi accepts Kevin's offer to invest $200,000 in exchange for 5% equity and a $1.50 royalty per unit until he recoups $1,000,000 at which time the royalty will cease and the equity share remains.

Beulr Walks Away Empty-Handed

With the pandemic driving businesses and education establishments to virtual platforms, Peter Solimine, has created a product to help people be in two places at one time.

Solimine's software, Beulr, attends online meetings in your absence.

It allows you to select a bot, send a meeting link, teach the bot how long to stay in the meeting, etc. It also allows consumers to record a video of themselves that looks like they are paying attention which will play during the meeting or class you are to attend.

This allows busy consumers to still make it appear as though they showed up, while allowing them to invest their time into other things and get caught up on the content at another time.

https://twitter.com/ABCSharkTank/status/1456783750491164676?s=20

Hoping to land a partner willing to invest $150,000 in exchange for 20% equity in Beulr, Peter tries to sell his product concept to Shark investors. Unfortunately, the Sharks have a variety of concerns about the product.

While clever, they do not like the idea and premise behind the product and decide to decline to make any partnership deals with Beulr.

Although disappointed, Peter leaves the Shark Tank with valuable advice from Mark Cuban to go back to college and finish his education so that he can put his time and energy into something more productive.

Spergo Partners With Daymond John

Teen entrepreneur, Trey Brown, and his mother, Sherell Peterson, have come to the Shark Tank to showcase Trey's premium apparel brand, Spergo.

This company with a unique name encourages youths to look up to sports figures and heroes but not to forget to follow their own dreams and work hard to get ahead.

Growing up in Philadelphia, Trey has seen his share of crime and drugs and didn't want to make a living in that way. He saved his birthday money and created Spergo when he was 12 years old.

After three years of hustling to sell his product, sales for 2021 are expected to top $2,200,000.

https://twitter.com/ABCSharkTank/status/1456786645483913217?s=20

For as much as the Sharks love Trey, they are equally impressed by his product.

His care, attention to detail, and quality standards are evident in his product and in the standards that he holds himself to. Several Sharks are willing to give Trey the $300,000 investment he is seeking and are willing to help him learn how to sell direct-to-consumer rather than strictly through brick and mortar stores.

Both Mark Cuban and Daymond John extend offers to Spergo for $300,000 in exchange for 25% equity. Trey countered back with Daymond John who accepts his counter at 20% equity.

https://twitter.com/ABCSharkTank/status/1456788424850132993?s=20

The Final Wrap Up

If you were a Shark in the Shark Tank, which of these businesses would you have invested in? Do you think that the Sharks made any unwise business decisions in this episode of Shark Tank?

Were they right not to partner with Beulr? Start the conversation in the comments below!

The post Shark Tank: Wedfuly, Wad-Free for Bed Sheets, Beulr, and Spergo appeared first on Business2Community.

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54 Thrones on Shark Tank: Key Takeaways

• Entrepreneur: Christina Funke Tegbe
• Product: 54 Thrones, a skincare line featuring African shea butter.
• Investment Request: $250,000 for 10% equity.
• Shark Offers: Kevin O'Leary and Nirav Tolia: $250,000 for 20% equity, revised to 17.5%.
• Final Deal: Accepted O'Leary and Tolia’s offer of $250,000 for 17.5% equity.
• Market Appeal: High-quality skincare celebrating African heritage.

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The Story Behind: 54 Thrones on Shark Tank

Inspired by what she learned about her heritage, Christina developed a skincare line featuring shea butter that is designed to celebrate all her motherland has to offer.

Named 54 Thrones to represent the 54 countries in Africa, the company is focused on creating high-quality skincare based on African shea beauty rituals.

54 Thrones has received noteworthy attention for its products, even landing on Oprah's favorite things list, which has helped to bolster sales.

https://twitter.com/ABCSharkTank/status/1454248930259070976?s=20

Although Christina has had great success selling her product direct-to-consumers, she has landed some major contracts with significant retail brands that are causing her to rethink her business strategy and focus more on retail sales and less on direct-to-consumer marketing.

She is looking for a strategic partner that has experience with retail sales and marketing and is willing to invest $250,000 in exchange for 10% equity in 54 Thrones.

On par to close this year at over $1,000,000 in sales, Christina is aware that black-owned businesses are getting a lot of attention right now and she wants to use this platform to further her mission of promoting 54 Thrones and allowing more people to understand their African heritage.

The Sharks React to 54 Thrones

All of the Sharks are incredibly impressed with Christina's presentation in the Shark Tank.

In fact, they are so impressed that it leaves them wondering how else they can really help her aside from financial support. With past experience in the skincare market, Nirav Tolia would like to invest in 54 Thrones.

Kevin O'Leary decides to partner with Nirav.

Together the pair offers Christina $250,000 in exchange for 20% equity. Through negotiations, they agree to a valuation of 17.5% with 10% going to Kevin O'Leary and the 7.5% going to Nirav Tolia.

Christina accepts their investment offer for 54 Thrones.

https://twitter.com/ABCSharkTank/status/1454251707374972939?s=20

Closing Thoughts

What do you think of the partnership between Nirav Tolia and Kevin O'Leary? Do you think that they will provide the needed expertise for Christina?

If you were a Shark, would you have invested in 54 Thrones? Sound off in the comments below!

The post Shark Tank Update: 54 Thrones Accepts $250,000 From Nirav Tolia and Kevin O’Leary appeared first on Business2Community.

Through UNICEF, they learned that infant mortality can be reduced through proper handwashing techniques. One out of three children can be saved from catching the most deadly diseases simply through hand washing.

Combining their newfound knowledge with their passion for industrial design, the pair created a colorful, soap-filled pen that allows children to draw on their hands with the soap and then rinse their germs away.

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Key Takeaways: Soapen Shark Tank Update

• Product: Soap-filled pen for children to promote handwashing.
• Investment Ask: $100,000 for 10% equity.
• Shark Response: Initially left without a deal, but Nirav Tolia reconsidered and invested $100,000 for 10% equity with a $1 per unit royalty until $200,000 is recouped.
• Post-Show Success: Soapen continues expanding with Nirav’s support, promoting better hygiene for kids.

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https://twitter.com/ABCSharkTank/status/1454245852688486404?s=20

Why Did Soapen Come into the Tank?

To reach a broader market and learn how to properly sell their product, Amanat and Shubham are hoping to partner with a Shark willing to both strategically and financially invest in Soapen.

Seeking $100,000 for 10% equity, the pair are hoping to find a mentor that can help them grow the success of Soapen.

Although they are entering the market at the right time and have seen $85,000 in sales since 2018, Soapen is struggling to find and speak to their market. Although all of the Sharks declined to extend them an offer and Amanat and Shubham walked out of the Shark Tank without a deal, one Shark second-guessed themselves as set out to make things right.

As they were completing their final interview segment, Nirav Tolia walked into the room and shared that he felt as though he made a mistake.

He feels that his wife would be a good mentor for them because of her work with Mrs. Meyers Cleaning Products. Nirav offers to invest $100,000 in exchange for 10% equity, however, he also would like a royalty of $1 per unit until he reaches $200,000.

At that point, the royalty will go away and just the 10% equity will remain. They very excitedly accept Nirav's offer.

https://twitter.com/BarbaraCorcoran/status/1454245918522421250?s=20

https://twitter.com/ABCSharkTank/status/1454247437686624258?s=20

Closing Thoughts

What do you think of this deal between Nirav and Soapen? If you were a Shark would you have invested in this business? Do you think the other Sharks missed an opportunity by choosing not to invest? Start the conversation in the comments below!

The post Shark Tank Update: Soapen Accepts $100,000 From Nirav Tolia appeared first on Business2Community.

Guest Shark and founder of social media platform, Next Door, Nirav Tolia, joined long-time Sharks Mark Cuban, Lori Greiner, Robert Herjavec, and Kevin O'Leary to evaluate four businesses for investment opportunities. Entrepreneurs and founders of TheMagic5, Tabby, Soapen, and 54 Thrones came to the Shark Tank to showcase their businesses and seek financial investors who can also strategically support their businesses. All four businesses left the Shark Tank with investments from the Sharks.

https://twitter.com/kevinolearytv/status/1454237579176554501?s=20

https://twitter.com/BarbaraCorcoran/status/1454237110815318017?s=20

TheMagic5 Receives Offers From All 5 Sharks

Denmark natives, Bo Haaber and Rasmus Barfred, came to the Shark Tank hoping to partner with a Shark willing to invest $500,000 in exchange for 2.5% equity in their company, TheMagic5. They use advanced robotic technology to run a fitting algorithm that pairs swimmers with custom-fit goggles for an affordable price. Year-to-date they have sold over $1.5 million in custom-fit goggles. The Sharks are more excited about the robotics portion of their company than they are about the goggle business they are currently in.

https://twitter.com/ABCSharkTank/status/1454237366487425029?s=20

Bo and Rasmus found themselves in a unique position in the Shark Tank when all five Sharks extended them investment offers. Not only did all five Sharks want to invest in TheMagic5, but they also got into a bidding war trying to land the company in their portfolios. Ultimately, Bo and Rasmus accepted Robert Herjavec's offer to invest $1 million in exchange for 6.5% equity in TheMagic5.

Tabby Partners With Kevin O'Leary

Sterling Davis, Leigh D’Angelo, and Nathan Kehn are on a mission to change the way that people feel about cat-lovers. Their social media and dating platform, Tabby, partners cat lovers up using familar swipe technology. They also feature an online community that allows cat lovers to share information about cat cafes, volunteer opportunities, events, and more. Tabby needs help with both marketing and distribution of their app and is looking for a Shark willing to invest $300,000 in exchange for 20% equity.

https://twitter.com/ABCSharkTank/status/1454242732847734786?s=20

Unfortunately, all of the Sharks are very hesitant to invest in Tabby with the exception of Kevin O'Leary. Because Kevin is a part of Base Paws he has America's largest directory of cat owners which would be valuable for the distribution of the Tabby app. Kevin offers to invest $300,000 in exchange for 30% equity in Tabby. Although they try to counter unsuccessfully, the trio still accepts Kevin's offer and leaves the Shark Tank with a deal.

Soapen Gets a Last Minute Deal With Nirav Tolia

Young entrepreneurs Amanat Anand and Shubham Issar came to the Shark Tank to showcase their company, Soapen. This fun and effective way to get children to wash their hands can dramatically cut down on communicable diseases that can be deadly to children around the world. Hoping to partner with a Shark that can help them properly market their product and reduce customer acquisition costs, Amanat and Shubham are seeking an investor willing to put $100,000 in the business in exchange for 10% equity in Soapen.

https://twitter.com/ABCSharkTank/status/1454245852688486404?s=20

While the Sharks all love the product, they are concerned that Amanat and Shubham have not figured out how to actually sell their product. They all feel that it is too early to invest in the company although they are very impressed by them and their product. As they walked out of the Shark Tank without a deal, Nirav Tolia changed his mind and decided to offer them $100,000 in exchange for 10% equity, however, he would like a $1/unit royalty until he recoups $200,000. At that point, the royalty will go away and just the 10% equity share will remain. They are thrilled to accept Nirav's offer.

54 Thrones Accepts an Offer From Kevin O'Leary and Nirav Tolia

Christina Funke Tegbe has created a skincare line inspired by her African heritage. 54 Thrones' name represents the 54 countries in Africa and is inspired by the beauty her motherland has to offer. Her line of premium shea butter hair and skincare products locks in moisture from head to toe. Christina is looking for an investment partner who is willing to invest $250,000 in exchange for 10% equity in her company.

https://twitter.com/ABCSharkTank/status/1454248930259070976?s=20

Because of her recent successes in expanding her retail offering in stores such as Sephora and Nordstrom, many of the Sharks don't believe there is much that they can do to actually help her besides providing financial support. Nirav Tolia and Kevin O'Leary decide to go in together on an offer to 54 Thrones. Through negotiations with Christina, they agree to invest $250,000 in exchange for 17.5% equity.

If you were a Shark, which of these businesses would you have invested in? Do you think that the Sharks made any poor investment decisions in this episode of Shark Tank? Which was your favorite business featured on this episode? Sound off in the comments below!

The post Shark Tank: TheMagic5, Tabby, Soapen, and 54 Thrones appeared first on Business2Community.

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Key Takeaways: Flasky Flower on Shark Tank

• Product: Flasky Flower combines a bouquet holder with a hidden drink reservoir, allowing bridal parties to enjoy discreet sips during weddings.
• Investment Ask: $50,000 for 10% equity.
• Shark Response: Kevin O'Leary, Lori Greiner, and Mark Cuban teamed up to invest $75,000 for 30% equity.
• Post-Show: Flasky Flower expanded its marketing efforts and gained traction as a popular wedding accessory, with new partnerships and higher sales.
• Latest Update: Flasky Flower's popularity has surged, with more brides opting for this fun, functional bouquet accessory. The company has expanded its presence at wedding expos and continues to grow its product line.

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The Story Behind Flasky Flower

Flasky Flower was designed by Kelly, a hairdresser, who observed how often bridal parties drink throughout a wedding day.

She created a product that is a plastic flower bouquet holder that includes a drink reservoir with an attached straw. The Flasky Flower can be used with live or artificial flowers.

After the flowers are in the bouquet holder, simply fill the reservoir with the drink of your choice, snap the cap in place and enjoy.

https://twitter.com/ABCSharkTank/status/1451708881881612292?s=20

The Sharks Fight for Getting into the Business Deal

To show that they are all in on their idea, The Moynihans have sold their house and have poured all of their money into the business.

They are seeking a $50,000 investment in exchange for 10% equity in Flasky Flower. The Sharks love their product and think it's clever, however, they are concerned about them selling their house and Ryan quitting his job when the pair have seven children at home. While they think the concept is great and catchy, the Sharks are also worried that they only have $21,000 in sales. The Moynihans are looking for an investment partner that will help them with marketing and the expansion of their customer base to increase their sales.

Because Kevin O'Leary is already in the wedding sector, he is interested in investing in Flasky Flower. Lori Greiner and Mark Cuban feel that they are able to help them market and sell the product and are also interested in investing. Together, the trio offers Flasky Flower $75,000 in exchange for 30% equity in the company.

Ryan and Kelly happily accept their offer and are excited to partner with three Sharks.

https://twitter.com/ABCSharkTank/status/1451710214458122243?s=20

https://twitter.com/LoriGreiner/status/1451710640247164931?s=20

Closing Thoughts

If you were a Shark investor, would you invest in Flasky Flower? Are you surprised that this bridal party accessory landed three Sharks in one investment? Start the conversation in the comments below!

Read more:

• ‘Here Comes Honey Boo Boo’ Wedding: Uncle Poodle Married In Scrapped Season
• Shark Tank: DetraPel Spray Accepts $200,000 Offer from Mark Cuban and Lori Greiner

The post Shark Tank Update: Flasky Flower Accepts $75,000 From Mark Cuban, Lori Greiner, and Kevin O’Leary appeared first on Business2Community.

Their premium self-stable meals do not need to be refrigerated and can be enjoyed either hot or cold. They also can be enjoyed in the high-quality pouch they come in, or they can be emptied into a serving bowl.

With a variety of recipe options, Proper Good meals are as delicious and convenient as they are healthy.

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Key Takeaways: Proper Good Secures Mark Cuban's Support

• Proper Good: Mark Cuban invested $400,000 for 20% equity in shelf-stable, healthy meal pouches that don't require refrigeration.
• Sales Achievement: The company generated over $1 million in sales in the first six months of 2021, indicating strong consumer demand.
• Business Model Shift: Proper Good transitioned to a direct-to-consumer model, including subscription services, to adapt to market needs.
• Flexibility: The founders are open to changes and innovations, operating under the mantra "data over ego," which resonated with Mark Cuban.

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https://twitter.com/ABCSharkTank/status/1449171970369540098?s=20

The Sharks React to the Proper Good's Pitch

The Sharks are very impressed by the taste and the margins of Proper Good meals.

With sales exceeding $1,000,000 in the first six months of 2021, it is clear that the Jane siblings are onto something with their quick and healthy meal options. Because they had to shift gears to a direct-to-consumer model, including a subscription service, they need help from the Sharks to bring down their customer acquisition costs and significantly reduce and eliminate their monthly burn rate to become profitable. Christopher and Jennifer came to the Shark Tank hoping to secure $400,000 in exchange for 10% equity in Proper Good.

Although the Sharks really enjoy their product, many of them are hesitant to invest in Proper Good as they feel that they haven't quite figured out their business model yet and they may not be able to get a return back on their investment.

Mark Cuban feels that he knows how to turn the company around and expand their sales even further, but he needs Jennifer and Christopher to be open to making changes with their business. They explain that they are happy to make changes which is why they came to the Shark Tank seeking an investor and partner that could help them to pivot and grow. Proper Good has a mantra of "data over ego" and they are willing to make whatever changes Mark feels are appropriate.

They agree to a $400,000 investment in exchange for 20% equity in Proper Good.

https://twitter.com/DanielLubetzky/status/1449172762229186560?s=20

https://twitter.com/TheSharkDaymond/status/1449173269727285251?s=20

https://twitter.com/BarbaraCorcoran/status/1449173862302818309?s=20

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Closing Thoughts

Would you have invested in Proper Good if you were a Shark? Did Mark Cuban make a wise investment decision by investing in Proper Good? Sound off in the comments below to start the conversation!

Latest Update: Where Is Proper Good Now?

• Proper Good: Following the Shark Tank deal, Proper Good has expanded its product line and continues to grow its direct-to-consumer model. With Mark Cuban's guidance, they have refined their business strategy, resulting in reduced customer acquisition costs and improved profitability.

The post Shark Tank Update: Proper Good Accepts $400,000 From Mark Cuban appeared first on Business2Community.

Ellen Hodges and Omayya Atout created a customized song for a friend's wedding and quickly realized they could monetize their talent and offer service to create completely custom songs for individuals and for corporations. They quickly were able to scale up their team to include over 100 talented singers, songwriters, and musicians to accommodate the demand they have seen for their totally customizable song service, Songlorious.

Each song they create is completely unique. By asking questions about the story you are trying to tell through the song, as well as determining the genre of music and types of instruments to be featured, Songlorious creates truly memorable musical creations for their customers.

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Key Takeaways: Songlorious on Shark Tank

• Investment: Secured $500,000 for 40% equity from four Sharks: Mark Cuban, Peter Jones, Kevin O'Leary, and Daymond John.
• Product: Custom songs created by a team of over 100 musicians for personal and corporate use.
• Sales and Fundraising: Reached over $1.1 million in sales within the first six months of 2021.
• Shark Interest: Multiple Sharks saw potential in expanding Songlorious through international markets, AI technology, and social media marketing.
• Entrepreneurs: Ellen Hodges and Omayya Atout focused on the creative side while seeking Shark support to scale operations.
• Partnership: All four Sharks partnered together, each taking 10% equity, leaving the business owners with the creative reins.

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https://twitter.com/ABCSharkTank/status/1449164062965710848?s=20

While they are wonderful musicians and songwriters, Ellen and Omayya are not marketers or business people.

They are looking to partner with a Shark who is willing to invest $400,000 and their expertise into Songlorious in exchange for 10% equity in the company. In the first six months of 2021, they already have exceeded $1,100,000 in sales and are turning a profit from the company.

To increase their profits to properly pay themselves, their team, and grow the company, they are looking for a Shark that can help them increase their profits and expand into a bigger market.

https://twitter.com/kevinolearytv/status/1449165149139525633?s=20

The Sharks React to the Company's Pitch

The Sharks love Songlorious and their business model. Four Sharks were able to quickly see how they could utilize their business expertise and portfolio to help grow and scale the company.

Peter Jones has managed a similar company which was very successful and he was able to sell for a lot of money. He feels he can easily expand Songlorious into the international market and replicate his previous success. Mark Cuban feels that he could utilize some of his AI technology to help with translation and voice replication. Kevin O'Leary has businesses in the wedding space which is the perfect area to promote and expand Songlorious' reach.

Daymond John feels that he could really help them from a social media and marketing perspective. All four Sharks decide to go together and offer Songlorious $500,000 in exchange for 40% of the business. This will allow each of the Sharks to have 10% equity in the company and cover most of the business operations while Ellen and Omayya can focus on the creative part of the business.

After unsuccessfully trying to counter with the Sharks, they accepted the offer and left the Shark Tank with four new investors.

https://twitter.com/TheSharkDaymond/status/1449163908607057927?s=20

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https://twitter.com/BarbaraCorcoran/status/1449167305221541888?s=20

Wrapping Up

Would you have invested in Songlorious if you were a Shark? Do you think they missed an opportunity by now having Lori Greiner involved in the company? Start the conversation in the comments below!

Latest Update: Where is Songlorious Now?

Since their appearance on Shark Tank, Songlorious has experienced a significant boost in brand recognition and sales. With the help of their Shark investors, they have expanded their presence in the wedding and corporate gifting markets. The company continues to grow, focusing on international expansion, personalized experiences, and even exploring collaborations with popular artists to enhance their service offerings.

https://twitter.com/ABCSharkTank/status/1450129665075646471?s=20

The post Shark Tank Update: Songlorious Accepts $500,000 From Mark Cuban, Daymond John, Kevin O’Leary and Peter Jones appeared first on Business2Community.

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Key Takeaways: Kin Apparel Shark Tank Update

• Product: Satin-lined hoodies designed to protect hair.
• Investment Ask: $200,000 for 10% equity.
• Shark Response: Lori Greiner and Emma Grede partnered for $200,000 at 30% equity.
• Post-Show Success: Kin Apparel is scaling rapidly, taking advantage of the Shark support to meet high demand and expand its product line.

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What's the Story of Kin Apparel?

Inspired by her time at Princeton, Philomina created an apparel solution to help combat dry, frizzy hair.

Kin Apparel features signature hoodie designs that feature a large hood to accommodate all hair types and are lined with satin to lock in moisture and reduce frizz for all hairtypes. Traditional cotton blend hoodies typically cause excess friction and tend to dry out hair.

Philomina is passionate about making haircare inclusive to all hair types through her mission with Kin Apparel.

https://twitter.com/ABCSharkTank/status/1446627879706513409?s=20

Because she has her own YouTube channel and a significant social media following, Philomina has essentially reduced her customer acquisition costs to zero because her products are going viral with her fan base.

Unfortunately, she is having trouble supplying enough inventory to fulfill demand and her products are on a four to six week lead time. To help remedy their inventory problem, Kin Apparel has come to the Shark Tank seeking $200,000 in exchange for 10% equity in the business.

https://twitter.com/LoriGreiner/status/1446627757673402374?s=20

What Did the Sharks Think of Kin Apparel's Pitch?

Year-to-date Kin Apparel has sold $355,000 in satin-lined hoodies.

While their sales and margins are very impressive to the Sharks, they are concerned about being able to balance out Philomina's "ready, fire, aim" approach to business. Knowing that she will need someone with a personality type that is opposite hers to compliment her business style, Lori Greiner and Emma Grede are interesting in partnering with Kin Apparel to be Philomina's counter-balance.

Emma, founder and CEO of apparel brand Good American, shares that all retailers are looking to partner with black female entrepreneurs right now. She feels that she is able to help from a retail and sales perspective while Lori could focus on the manufacturing and inventory side of the business.

Together, Lori and Emma offer Kin Apparel $200,000 in exchange for 30% equity in the company.

Philomina tearfully and excitedly accepts their offer.

https://twitter.com/BarbaraCorcoran/status/1446629084637839365?s=20

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https://twitter.com/BarbaraCorcoran/status/1446631353479479297?s=20

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Closing Thoughts

What do you think of the deal Kin Apparel made in the Shark Tank? If you were a Shark would you have invested in Philomina's hair care business? Start the conversation in the comments below!

Read more: Shark Tank: Spare Accepts $500,000 From Mark Cuban

The post Shark Tank Update: Kin Apparel Accepts $200,000 From Lori Greiner and Emma Grede appeared first on Business2Community.

Kin Apparel, Uprising Food, Lion Latch, and Paskho all came to the Shark Tank in hopes of partnering with Shark Tank investors to help grow and expand their businesses.

Although each company gave compelling and entertaining presentations, only one left the Shark Tank with an investment from the Sharks.

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Key Takeaways from the Episode:

• Yono Clip: Portable, germ-free hooks for personal items; secured $150,000 for 30% equity from Daymond John.
• NightCap: Drink spiking prevention tool in the form of a wearable hair tie; secured $60,000 for 25% equity from Lori Greiner.
• Rule Breaker Snacks: Chickpea-based, allergen-free desserts; did not secure a deal due to heavy debt.
• MountainFlow Eco-Wax: Plant-based ski and snowboard wax; secured $300,000 for 20% equity from Barbara Corcoran and Kevin O'Leary.

Latest Update:

• Yono Clip is working on refining its product and marketing, with Daymond John helping to scale production.
• NightCap continues to expand its reach, gaining traction as a safety-focused product in bars and clubs.
• Rule Breaker Snacks is maintaining its presence in the health food market despite challenges, with a loyal customer base.
• MountainFlow Eco-Wax is growing in popularity in eco-conscious communities, especially among winter sports enthusiasts.

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Kin Apparel Partners With Lori Greiner and Emma Grede

Bronx native, Philomina Kane, is revolutionizing the hair care industry through her apparel designs.

Kin Apparel features hoodies with extra-large, satin-lined hoods to lock in moisture and reduce frizz while accomodating larger hairstyles. With a passion to help black women take care of and style their hair, Philomina has developed Kin Apparel with them in mind. Because she has a YouTube channel with a large following, Philomina is having a hard time keeping stock and needs financial assistance to secure more inventory.

She is seeking an investor willing to put $200,000 into the company in exchange for 10% equity in Kin Apparel.

https://twitter.com/ABCSharkTank/status/1446627879706513409?s=20

Although the Sharks are concerned that her valuation is too high, they understand there is merit in her product line as she has already sold $355,000 in the first half of 2021.

Emma Grede is passionate about helping black women be entrepreneurs and business founders and wants to invest in Kin Apparel. Lori Greiner thinks that she can also add value to the company through the manufacturing process.

Together, Emma and Lori offer Kin Apparel $200,000 for 30% of the company. Philomina accepts their offer and is excited to work with two female Sharks.

Uprising Food Strikes Out in the Shark Tank

Husband and wife duo, William and Kristen Schumacher, from Cincinnati have come to the Shark Tank seeking an investor in their company, Uprising Foods.

Made from premium ingredients, their keto, paleo, and dairy and gluten-free bread, Uprising Food, helps consumers to reduce their carb intake while boosting their gut health.

The Schumachers are hoping to secure $500,000 to infuse into the business in exchange for 3% equity in Uprising Foods.

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Although their sales are proof that consumers like their product, the Sharks are concerned about the companies lack of profitability and its high burn rate. In order to keep the business running and gaining more traction, it will continue to need cash infusions while it continues to burn through money. Unfortunately, the Schumachers do not have a clear path to profitability and lack clear positioning to justify the high price tag on their products. The Sharks decline to invest in Uprising Food.

Lion Latch Fails to Land an Investment

Teacher and coach, Lerin Lockwood, has created a simple and innovative product to help people easily store their rings to prevent them from getting lost in their purses and gym bags. Lion Latch is a small plastic case that closes with a clip that can be attached to keys or bags so that rings and other small, valuable items (such as hearing aids) can be stored without getting lost in larger bags. Lerin is hoping to partner with a Shark that can help to secure a quality manufacturer and invest $150,000 in exchange for 15% equity in Lion Latch.

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The Sharks appreciate her tenacity and her ability to bootstrap the business which she has grown from a simple 3D prototyped product to a viable sellable unit that has brought in over $500,000 in sales. Although the Sharks feel the price point is right and that the product solves a problem in the market, they don't feel Lion Latch is an investible business at this time. Because the business is small and only made up of one very specific product, the Sharks decline to invest in Lion Latch.

Paskho Leaves the Shark Tank Empty-Handed

New York native, Patrick Robinson, is no stranger to the fashion industry.

After spending the bulk of his professional career working for major design brands, Patrick has branched out on his own to transform how we manufacture and sell clothing in the United States. Paskho, Robinson's 6-year-old company, has recently launched its latest initiative, Community Made which mobilizes seamstresses in underserved communities across the country and pays them liveable wages to create various apparel designs.

Patrick is seeking a partner willing to take a risk on his expertise and invest $500,000 in exchange for 2.5% equity in Paskho.

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The Sharks like the concept of Community Made, however, they are concerned with the lack of profitability and the increasing deficit that Paskho seems to have.

They also feel that Patrick doesn't know how to adequately tell the story of Community Made in order to sell the concept to consumers to justify higher-cost clothing. Although he is a very talented designer, the Sharks are not interested in doing business with Patrick and decline to make him an investment offer.

https://twitter.com/ABCSharkTank/status/1446641813549301765?s=20

Wrapping Up

Which business featured on this episode of Shark Tank was your favorite? Would you have invested in any of these businesses? Start the conversation in the comments below!

The post Shark Tank Update: Kin Apparel, Uprising Food, Lion Latch, and Paskho appeared first on Business2Community.

Peter joined long-time Sharks Mark Cuban, Lori Greiner, Kevin O'Leary, and Daymond John to fairly evaluate four businesses to see if they should invest money in exchange for ownership stakes. While Songlorious, MuteMe, Proper Good, and Long Wharf Supply Co all made strong pitches, only two of them secured investment deals from the Sharks.

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Key Takeaways from the Latest Episode

• Songlorious: Custom-made songs for special occasions secured a deal with four Sharks—Daymond John, Mark Cuban, Kevin O'Leary, and Peter Jones—for $500,000 in exchange for 40% equity. The company is leveraging this investment to scale operations and expand its custom music services.
• MuteMe: A device designed to make virtual meetings easier by providing a physical mute button did not secure a deal. Despite initial interest, the Sharks were concerned about market competition and the potential for knock-off products.
• Proper Good: A direct-to-consumer premium meal company offering 90-second ready meals secured a deal with Mark Cuban for $400,000 in exchange for 20% equity. The company is focusing on reducing customer acquisition costs and expanding its marketing reach.
• Long Wharf Supply Co.: An apparel brand using recycled materials from oceans, including plastic waste and oyster shells, did not secure a deal. Peter Jones offered to invest $375,000 for 45% equity, but the entrepreneurs declined, feeling the equity ask was too high.

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Songlorious Lands a Deal With Four Sharks

Ellen Hodges and Omayya Atout have taken their love for music and turned it into a successful business.

Songlorious provides consumers with a unique gift idea by creating and recording completely custom songs based on consumer specifications. From the length to the genre to the instrument types, Songlorious allows consumers to truly customize a gift for a loved one. Although they are gifted musicians who help to provide employment to other musicians, Ellen and Omayya are not business people.

They are looking for a Shark to help them with the financial growth of Songlorious by investing $400,000 in exchange for 10% equity.

https://twitter.com/ABCSharkTank/status/1449164062965710848?s=20

The Sharks are very impressed by Songlorious' business model, quality of product, and sales.

In the first 6 months of 2021, they have already sold $1.1 million in customized music. They are on track to cross $5 million by the end of 2022. In a unique turn of events in the Shark Tank, four Sharks decide to partner together to extend an investment offer to Songlorious. Daymond John, Mark Cuban, Kevin O'Leary, and Peter Jones combine their finances and their talents and extend Ellen and Omayya on offer for $500,000 in exchange for 40% equity in Songlorious.

They agree to their offer and are excited to partner with four Sharks.

MuteMe Leaves the Shark Tank Empty-Handed

With work-from-home culture taking over the globe, friends Parm Dhoot and Tye Davis have created a product that makes conference calls and virtual meetings easier. MuteMe is a patented product that easily plugs into a computer and allows consumers to mute and unmute themselves at the click of a button.

With their illuminated design, users can easily tell if they are unmuted to ensure that they are being heard during meetings or muted to reduce distractions while others are speaking.

Seeking $200,000 in exchange for 10% equity in MuteMe, Parm and Tye are looking for help with how to market and sell their product.

https://twitter.com/ABCSharkTank/status/1449169194713423873?s=20

Although Peter believes that he could sell the product through his global gadget business, he is worried about having other similar products on the market.

He is also worried that it will be a race to the bottom line and there could be knock-off products that would then water down his investment. Although Daymond was also interested in MuteMe, both Sharks decide that although they see merit in the company, it is not an investible business for them. MuteMe left the Shark Tank without a deal.

Proper Good Partners With Mark Cuban

Siblings, Christopher and Jennifer Jane, came to the Shark Tank to showcase their signature 90-second premium meals, Proper Good.

Their direct-to-consumer meals ship right to homes and offices and are shelf-stable for up to 8 months. Hoping to partner with a Shark that can help them get their customer acquisition costs down and boost their marketing reach, Proper Good is asking the Sharks for $400,000 in exchange for 10% equity in Proper Good.

https://twitter.com/ABCSharkTank/status/1449171970369540098?s=20

With both a pay-as-you-go and subscription-based service, Proper Good has seen a steady increase in sales.

In the past 6 months alone, Jennifer and Christopher have sold over $1,000,000 in their premium soup pouches. The Sharks really like the flavors of the product and are impressed with the quality of their meals. Mark Cuban would like to focus on making a few changes with their product and marketing to really explode the sales of Proper Good.

He offers to invest $400,000 in exchange for 20% equity, which the Jane siblings gladly accept.

Long Wharf Supply Co. Walks Away From a Deal

Mike and Lauren Lamagna, siblings from New England, are on a mission to reduce and repurpose plastic waste that is found in our oceans as well as repurpose oyster shells that are accumulating in landfills.

Their apparel brand, Long Wharf Supply Co., combines recycled plastic and oyster shells with lambswool and other materials to produce premium-priced sweaters for a social mission.

Looking to extend their reach, Long Wharf Supply Co. is hoping to partner with a Shark who will invest $375,000 in exchange for 15% equity.

https://twitter.com/ABCSharkTank/status/1449174963076812802?s=20

The Sharks feel that there is an opportunity for Mike and Lauren to expand their product line to include more affordable t-shirts.

Companies with clear social causes are easily able to sell products and further their mission as long as their products are priced appropriately so the average person can purchase them. Peter Jones feels that he can quickly put their product into the global market and is willing to invest $375,000 but would like 45% of the company.

The Lamagna siblings are not willing to part with that much equity and decline Peter's offer and leave the Shark Tank without a deal.

https://twitter.com/ABCSharkTank/status/1450129665075646471?s=20

Would you personally invest in any of the companies featured on this episode of Shark Tank? As a consumer, which company featured in this episode was your favorite? Start the conversation in the comments below.

https://twitter.com/ABCSharkTank/status/1449178281018863617?s=20

The post Shark Tank Update: Songlorious, MuteMe, Proper Good, and Long Wharf Supply Co. appeared first on Business2Community.

With 1,000,000 bottles of water consumed every minute globally, Justin Wang is on a mission to reinvent the way that consumers view reusable water bottles.

Over time, reusable bottles can develop an odor due to bacterial colonies forming in the water bottle itself. This leads to many consumers discontinuing the use of their reusable water bottles and moving back to single-use plastics.

To combat this problem, Justin has developed Larq, the world's first self-cleaning and purifying water bottle.

Using patented, push-button technology Larq bottles use a specially developed UV purification process to eradicate 99.99% of harmful bacteria, viruses, and more.

Key Takeaways for the Time-Constrained Reader:

• Innovative Solution to a Global Problem: Larq addresses the environmental impact of single-use plastics by introducing a self-cleaning, purifying water bottle.
• Patented Technology: Utilizes UV purification to eliminate 99.99% of harmful bacteria and viruses, tackling the issue of odor and contamination in reusable bottles.
• Impressive Market Appeal: Achieved the highest valuation in Shark Tank history, highlighting significant consumer and investor interest.
• Strong Financial Health: Since its 2018 launch, Larq reports consistent sales growth, with expectations to exceed $14 million in sales for the year.
• Social Mission: Commits to donating 1% of revenue to global clean water initiatives, marrying business success with positive environmental impact.
• Shark Tank Success: Secured a $1,000,000 investment from Sharks Lori Greiner and Kevin O'Leary for 4% equity, showcasing strong business acumen and potential for growth.

https://twitter.com/ABCSharkTank/status/1383220566413381635?s=20

The Largest Valuation in the History of Shark Tank

With the highest valuation in Shark Tank history, Justin came to the Shark Tank seeking a $500,000 investment in exchange for 1% equity in Larq.

With a market size of $300,000,000,000 worldwide and a sales base that continues to exponentially grow, Justin believes his company's valuation makes sense. Since launching in 2018, Larq continues to increase its sales year-over-year and is expected to close the year in excess of $14,000,000 in sales.

With $6,500,000 in the bank, the Sharks are very impressed by the financial health of the business as well as the social mission they have adopted in donating 1% of all of their revenue to partners that help people globally have access to clean water.

Three Sharks Are Interested in Investing in Larq

Kevin O'Leary offers to invest $500,000 in exchange for 4% equity, while Lori Greiner offers the same amount for a 5% equity share. Robert Herjavec also extended an offer to Larq, offering to invest $500,000 in exchange for 3% equity and an additional 2% in advisory shares.

Justin counters and asks each of the Sharks to invest $500,000 each for a total investment of $1,500,000.

In exchange for their investment, he would give them 4.5% equity to share with an additional 1% in advisory shares for a total valuation of $33,000,000. Because he feels that the deal is getting too complicated, Robert drops out of negotiations.

Lori and Kevin agree to partner with each other and work with Justin to agree to an investment of $1,000,000 in exchange for 4% equity to be shared between them.

https://twitter.com/TheSharkDaymond/status/1383220127995367424?s=20

https://twitter.com/BarbaraCorcoran/status/1383220116318420993?s=20

Would you have invested in Larq if you were a Shark? Do you think that Justin made a wise decision in complicating the offer, causing Robert Herjavec to drop out? Start the conversation in the comments below!

The post Shark Tank: Larq Accepts $1,000,000 From Lori Greiner and Kevin O’Leary appeared first on Business2Community.

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Key Takeaways: SneakErasers on Shark Tank

• Product: Pre-moistened dual-sided sponge for cleaning shoes.
• Investment Ask: $200,000 for 8% equity.
• Shark Response: Deal with Lori Greiner and Alex Rodriguez for $200,000 for 20% equity.
• Post-Show Success: SneakErasers expanded its presence in retail and continues to grow its customer base, driven by strong demand for easy shoe maintenance.
• Latest Update: SneakErasers continues to be popular, with expanded retail partnerships and growth in online sales.

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The Story of SneakErasers - Innovative Sole Cleaning

From scuffs and dirt to puddles and mud, keeping up with the appearance of footwear can seem like a full-time task.

Chris Pavlica and Kevin Consolo have created a better way to easily and conveniently leave shoes sparkling with their patent-pending product, SneakErasers. Their uniquely designed dual-sided sponge is designed specifically for shoes. This affordable, pre-moistened sponge erases dirt and scuff markers easily, keeping shoes looking their best.

By keeping SneakErasers in your gym bag, handbag, or computer case, consumers can always have SneakErasers on hand for moments when appearance matters the most such as a job interview, important meeting, or going on a date.

https://twitter.com/ABCSharkTank/status/1390828043665506306?s=20

How Did the Sharks React to the Company's Pitch?

Chris and Kevin are beginning to see early indicators of success in the market with tests in big-box retailers turning into nationwide rollouts.

Seeking $200,000 in exchange for 8% equity in SneakErasers, Chris and Kevin are hoping to work with an investor and business partner who can help them increase their margins and rethink their marketing and advertising strategy. Although they have sold $1.1 million year-to-date, they are hoping to close the year at $1.8 million in sales. To do this, they are trying to revamp their e-commerce presence to sell directly to consumers vs. through retail markets. Since e-commerce sales are only about 12% of their current business, they believe that they can increase their profitability significantly with a better strategy in place.

Lori Greiner and Alex Rodriguez offer to invest $200,000 in exchange for 20% equity in SneakErasers.

Because of their backgrounds, the Sharks believe that SneakErasers will have instant credibility in the market. Their growth plan includes a blitz of the retail market and putting the product in all major gyms and sporting good stores. Mark Cuban has another idea for a path forward for Chris and Kevin.

His idea includes bundling SneakErasers with shoe purchases through shoe companies and customizing packaging for sports teams, brands etc.

Mark offers to invest $200,000 for 12.5% equity but is turned off when Chris and Kevin begin to counter with him. Mark pulls back his offer and Lori and Alex reconsider pulling theirs back as well.

Right before they withdraw their offer, Chris and Kevin accepted Lori and Alex's offer and agree to partner with them.

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Closing Thoughts

If you were Chris and Kevin, which path forward do you think is the best for SneakErasers? If you were a Shark would you have invested in this company? Start the conversation in the comments below!

The post Shark Tank Update: SneakErasers Accept $200,000 From Alex Rodriguez and Lori Greiner appeared first on Business2Community.

Grind Basketball, Creation Nation, SneakErasers, and BeerMKR represented a wide variety of companies from the food and beverage space to the sports and consumer markets. While all four businesses were hoping to partner with a Shark, only two of these companies left with an investment partner on board.

Read on to learn more!

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Key Takeaways: Shark Tank Latest Episode

• Grind Basketball: Mark Cuban and Barbara Corcoran invested $250,000 for 25% equity in a portable basketball shooting machine, expanding affordable sports training.
• Creation Nation: Left without a deal due to concerns over financial management and profitability, despite offering a healthy, no-bake protein mix.
• SneakErasers: Alex Rodriguez and Lori Greiner invested $200,000 for 20% equity in a simple, effective shoe-cleaning product, with potential for market expansion.
• BeerMKR: Declined Kevin O'Leary's $500,000 loan offer for 3% equity, concerned about high equity demand and additional debt in the home-brewing kit market.

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Grind Basketball Partners With Mark Cuban and Barbara Corcoran

Former NBA hopeful, Thomas Fields, has created an affordable shooting machine to make practicing basketball more accessible to the average working family.

Grind Basketball is a portable and collapsible device that installs quickly and easily underneath any basketball goal. It collects both shots made and missed and throws them back so you don't waste your time chasing down the basketball. Although there are other similar products on the market, Grind Basketball is the lowest cost and utilizes payment plans to make it more affordable for families.

https://twitter.com/ABCSharkTank/status/1390819970431344642?s=20

Thomas is seeking $250,000 in exchange for 5% equity in Grind Basketball.

Because the company is just getting off the ground and they are just beginning to fulfill pre-ordered products, the Sharks are concerned that there is not enough proof in the market to tell if this is a worthy investment. Mark Cuban and Barabara Corcoran decided to partner together for a deal so that they can help with marketing and credibility in the market. They agree to invest $250,000 in exchange for 25% equity in Grind Basketball.

Thomas accepts their offer.

Creation Nation Leaves the Shark Tank Without a Deal

Los Angeles native, Karen Nation, has dedicated her entire life to healthy eating solutions. While there is a wave of products on the market that offer protein powders for beverages and shakes, Karen has developed a line of protein mixes that can easily create no-bake protein treats for healthy snacking.

Creation Nation features many protein powder mixes that can be combined with water, your favorite nut butter, and other simple ingredients to create protein bars and balls.

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Karen is looking for a Shark who is willing to invest $300,000 in exchange for 12% equity in Creation Nation.

Because she has had extensive problems with co-packing in the past, Karen is looking for a strategic business partner that can help to reduce her costs and improve upon her margins. The Sharks became frustrated with Karen when they were questioning if Creation Nation would be profitable this year and how much money would go into the bank. After evading the question, the Sharks decided it was too risky to invest in a company where the entrepreneur didn't know the full financial picture of the company.

Creation Nation left the Shark Tank without a deal.

SneakErasers Lands a Deal with Alex Rodriguez and Lori Greiner

Chris Pavlica and Kevin Consolo have developed a simple, low-cost product to help shoes keep looking their best.

SneakErasers are pre-moistened, dual-sided sponges that are used to quickly and effectively wash away dirt, debris, and scuff marks on shoes. These consumable sponges can be purchased as major retailers and also at lower-cost discount stores under a different brand name. Through completely teaching themselves how to create and commercialize a product, Chris and Kevin have seen rapid growth in SneakErasers and are on track to sell $1.8 million by the end of the year.

https://twitter.com/ABCSharkTank/status/1390828043665506306?s=20

Seeking $200,000 for 8% equity in their company, Chris and Kevin are hoping to partner with Sharks that can help them to expand their market and reach. Because SneakErasers can be used on a variety of shoe types, the Sharks feel that they should look into expansion with shoe companies as well as a blitz marketing campaign in the sporting good retail space.

Lori Greiner and Alex Rodriguez decide to partner together and extend an offer to SneakErasers. Mark Cuban also decides to extend them an offer but quickly goes out when they begin to counter with him.

Chris and Kevin decide to accept Alex and Lori's offer of $200,000 in exchange for 20% equity that will be shared between them.

BeerMKR Walks Away From an Investment Offer From Kevin O'Leary

While getting their MBAs at Cornell, Aaron Walls and Brett Vegas, partnered up and developed a simpler solution to brewing beer at home.

BeerMKR comes with kits to brew a variety of delicious craft beers from the comfort of your own home. By selling subscription refills, Aaron and Brett are hopeful they can offset the cost of low-profit margins on the BeerMKR technology itself. The pair are seeking a $500,000 investment from a Shark that is willing to help them get their business off the ground following a successful Kickstarter campaign.

https://twitter.com/ABCSharkTank/status/1390832964662038529?s=20

Although the Sharks love the taste of the product, they are concerned that BeerMKR is not yet in the hands of consumers and therefore there is no data to show proof-of-concept yet in the market.

They also are very concerned with the company's valuation and relatively low margins. Despite the concerns of his fellow Sharks, Kevin O'Leary offers to structure a deal with BeerMKR similarly to his wine partnership deals. He offered to loan Aaron and Brett $500,000 as debt for 36 months at 9% interest in exchange for a 3% stake in the company.

Unwilling to give up that much equity and assume additional debt, Aaron and Brett walk away from Kevin O'Leary's offer and leaves the Shark Tank without a deal.

Latest Update: Where Are They Now?

• Grind Basketball: Grind Basketball has seen continued growth with the support of Mark Cuban and Barbara Corcoran, expanding its market presence and securing additional partnerships.
• Creation Nation: Creation Nation continues to develop its product line and refine its business strategy, gaining traction in health-conscious consumer markets despite leaving the Tank without a deal.
• SneakErasers: SneakErasers experienced a significant sales boost and expanded its presence in major retail stores after securing the deal with Alex Rodriguez and Lori Greiner.
• BeerMKR: BeerMKR successfully launched its product to the consumer market and is focusing on scaling operations through online sales and strategic partnerships, despite declining Kevin O'Leary's offer.

Closing Thouths

What did you think about the businesses featured in this episode of Shark Tank?

If you were a Shark, would you have invested in any of these businesses?

Do you think that the Sharks should have invested in Creation Nation? Do you feel that BeerMKR will regret walking away from an investment offer in the Shark Tank? Start the conversation in the comments below!

The post Shark Tank Update: Grind Basketball, Creation Nation, SneakErasers, and BeerMKR appeared first on Business2Community.

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Kaylin Marcotte's Jiggy Puzzles on Shark Tank: Key Highlights

• Kaylin Marcotte founded Jiggy Puzzles to create modern puzzles featuring emerging female artists.
• Jiggy Puzzles donates a percentage of sales to the artists.
• The company launched in early 2019 and is projected to reach over $2.25 million in sales by year-end.
• Kaylin sought $500,000 for 5% equity on Shark Tank, receiving an offer from Mark Cuban for the investment at 15% equity.
• Jiggy Puzzles is profitable, with no debt or other investors.

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Jiggly Puzzles: A Quick Company Overview

After struggling with mental exhaustion, Kaylin discovered that completing jigsaw puzzles helped to reduce stress and promote relaxation.

By focusing piece by piece, puzzle completion helps to restore focus and order when other parts of life may feel out of control.

After discovering her newfound love of puzzling, Kaylin realized that she didn't like many of the puzzle designs that were commercially available. That is how she was inspired to come up with Jiggy Puzzles.

Their unique and modern puzzles support a mission or promoting the work of emerging female artists around the world.

A percentage of every sale goes directly to the artist which empowers up-and-coming creatives, allowing them to showcase their art around the world.

https://twitter.com/ABCSharkTank/status/1385746247198203908?s=20

The Shark React to Jiggy Puzzles' Pitch

Since launching in early 2019, Jiggy Puzzles has seen explosive growth and is expected to end the year at over $2.25 million in projected sales.

The company has been completely bootstrapped by Kaylin and is profitable with no debt or other investors.

Kaylin came to the Shark Tank seeking a partner willing to invest $500,000 in exchange for 5% equity.

She is hoping to find a Shark that is willing to help her with the logistics of growing her company so rapidly so that she is able to keep up with the market demand for her product.

She would also like to look at developing a subscription model for Jiggy Puzzles as they have a large percentage of customers that are repeat buyers.

The Sharks like her product and social mission, but they are worried about the success of the company long term after the pandemic.

They predict that Jiggy Puzzles is seeing such success right now because many people are home and are looking for ways to keep themselves occupied, however when things return to normal, the Sharks are worried that the demand for the product will plummet.

Although he is not sure that their success is sustainable long term, Kevin O'Leary offers to invest $100,000 for 15% equity and an additional loan for $400,000 at 10% interest for 26% equity.

Kaylin is concerned with giving up that much equity in her company.

Because she has targeted Mark Cuban as her ideal Shark, Kaylin asked Mark to consider investing in Jiggy Puzzles.

Mark agrees to invest $500,000, however, he would want 15% equity in the company.

He also agreed to match her fundraising efforts which are projected to be an additional $50,000. Kaylin accepts Mark Cuban's offer to invest in Jiggy Puzzles.

https://twitter.com/LoriGreiner/status/1385746235076841474?s=20

https://twitter.com/BarbaraCorcoran/status/1385747313885384704?s=20

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Final Thought

If you were a Shark, would you have invested in Jiggy Puzzles? Do you think that Kaylin made a wise choice not to accept Kevin O'Leary's offer? Start the conversation in the comments below!

Read More:

• Shark Tank: Mark Cuban And Daymond John Make An EMazing Deal For $650k
• Shark Tank: Lori Greiner And Daymond John Invest $40k In Scholly; Get Berated By Other Sharks
• Shark Tank: Kanga Accepts $100,000 From Mark Cuban

The post Shark Tank Update: Jiggy Puzzles Accepts $500,000 From Mark Cuban appeared first on Business2Community.

Truffle Shuffle, suds2go, Salad Sling, and Larq prepared and presented engaging business pitches that highlighted their products and sales while clearly portraying why they needed the help of a Shark.

Ultimately, three of these businesses left with new business partners in tow.

Read on to learn more!

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Quick Recap: Shark Tank Deals

• Truffle Shuffle secured a deal with Mark Cuban for $501,000 for 18% equity.
• suds2go landed a deal with Robert Herjavec for $200,000 for 15% equity.
• Salad Sling did not secure a deal due to concerns over market sustainability.
• Larq partnered with Kevin O'Leary and Lori Greiner for $1,000,000 for 4% equity.

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Truffle Shuffle Partners with Mark Cuban

Chefs, Jason McKinney and Tyler Vorce, came to the Shark Tank seeking $500,000 in exchange for 5% equity in their company, Truffle Shuffle.

Although the pair has a business selling gourmet products made with high-quality European truffles, they are looking to partner with a Shark that can help them to expand their virtual cooking lesson business model.

For this service, Jason and Tyler provide a box of fresh ingredients to the consumer and then conduct a live, virtual cooking instruction lesson.

Because the pair had to pivot their strategic direction because of Covid, they are hoping to continue to capitalize on their success in this new market.

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The Sharks are very impressed with their products and how they have managed to completely shift gears under the adversity of the pandemic.

They also believe that Truffle Shuffle could evolve to a model that would allow customers to pay to unlock classes and meals that are already pre-recorded.

Robert Herjavec, Mark Cuban, and Kevin O'Leary are all impressed with their product and extend offers to Jason and Tyler. Ideally, they came to the Shark Tank hoping to partner with Mark Cuban and they countered with him to make that a reality.

Mark agreed to invest $501,000 for 18% equity in Truffle Shuffle.

suds2go Lands a Deal with Robert Herjavec

Husband and wife duo, Cindy and Gabe Trevizo, came to the Shark Tank to showcase their company sud2go in hopes of partnering with a Shark that can help them grow and expand in the ever-changing global economy.

Suds2go is a patented product that allows consumers to wash their hands with soap and water on the go.

Suds2go offers both a reuseable bottle design as well as a pocket, disposable product, allowing users the freedom to pack the product with them wherever they go.

Gabe and Cindy are seeking a Shark willing to invest $200,000 in exchange for 10% in suds2go.

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Both Daymond John and Robert Herjavec feel that they can help to grow suds2go's reach and offer to invest in the company. Robert feels that Daymond is asking too much by offering $200,000 for 22.5% and extends an offer of $200,000 in exchange for 15% equity.

Because they want to save as much equity in the company as possible, Cindy and Gabe decide to accept Robert's offer.

Salad Sling Strikes Out in the Shark Tank

Entrepreneur, Jill Visit, showcased her product, Salad Sling, in the Shark Tank.

This easy-to-use product allows consumers to ditch their traditional salad spinners and use microfiber cloth technology to dry their greens in just a few seconds. Using centripetal force, the Salad Sling is spun in a circular motion to drive the moisture out of the greens in an easy and fast manner.

Hoping to find a partner that can help provide a marketing strategy, Jill is looking for a Shark who is willing to invest $100,000 in exchange for 20% equity in Salad Sling.

https://twitter.com/ABCSharkTank/status/1383217868599218177?s=20

Although the Sharks think the product is fun and would be a good one-time gift purchase, they don't believe that Jill has a reusable, consumable product line on her hands that would sustain business long term.

They believe that she has more of a great product idea rather than a full business idea.

Although they said they may be customers of the product, the Sharks decided not to invest in Salad Sling as they think the market behavior is too hard to change for this niche market. Salad Sling ultimately left the Shark Tank without a deal.

Larq Snags a Deal with Two Sharks

In an effort to reduce the number of single-use plastic bottles consumed and provide clean drinking water to people everywhere, Justin Wang has created, Larq.

This self-cleaning and purifying water bottle features refractive UV technology that quickly cleans the reusable bottle while purifying the water inside.

Seeking $500,000 in exchange for 1% equity in Larq, Justin has come to the Shark Tank with the highest valuation of any company featured to date.

https://twitter.com/ABCSharkTank/status/1383220566413381635?s=20

Although the Sharks love the product, they are concerned about the excessive valuation of the company. With such a small equity percentage up for grabs, it will be hard for them to earn their money back.

They are also concerned that, perhaps, Justin has not gone far enough with finding global philanthropic uses for his product and patented technology. In what became an intense negotiation, Kevin O'Leary and Lori Greiner decided to partner together and work with Larq.

The pair will invest $1,000,000 in exchange for 4% equity, split between the two of them.

Wrapping Up

If you were a Shark, which of these businesses would you have invested in? Do you think the Sharks missed an opportunity by not partnering with Salad Sling?

Are there any offers that you felt the Sharks should not have made? Start the dialog in the comments below!

Read More:

• Shark Tank: Songlorious, MuteMe, Proper Good, and Long Wharf Supply Co.
• Shark Tank: Best Wardrobe Solutions Accepts $200,000 From Daymond John

The post Shark Tank Update: Truffle Shuffle, suds2go, Salad Sling, and Larq appeared first on Business2Community.