All that matters in Shark Tank is business, amazing ideas, and closing difficult deals.
While the six million average viewers may watch the program for amusement. It also offers weekly training on how to persuade prominent prospects to buy your goods. We can learn a lot about sales from those success stories, believe it or not.
The Sharks have made investments in numerous businesses throughout the course of 13 seasons of Shark Tank. While some find it difficult to stay up, some have developed into enormous successes that continue to pay off for both the entrepreneurs and the sharks.
The Best Shark Tank Deals for each Shark are listed below.
Scrub Daddy (Season 4, Episode 7)
Scrub Daddy, the grandfather of prosperous Shark Tank businesses, was started by Aaron Krause. Before learning that they might also be used around the house, the former detailer was inspired to develop his own line of sponges for use on automobiles.
As a unique sponge that can scrape tough stains, Scrub Daddy partnered with Lori Greiner for $200,000 in return for 20% equity in the business. They have already sold millions of dollars worth of the Scrub Daddy’s that are now in thousands of stores across the country. It eventually become one of Shark Tank’s most lucrative offerings.
Greiner now considers that choice to be one of her best investments ever, with the company currently valued at $209 million.
GrooveBook (Season 5, Episode 13)
Another notable Shark Tank success, GrooveBook, was created by Brian and Julie Whiteman, a married pair. For about $2.99 each month, subscribers to GrooveBook receive a bound book of images taken with their smartphones.
The Whiteman team observes that consumers frequently take pictures on their phones and then delete them. GrooveBook delights customers with a monthly book of pictures. They could have completely forgotten about, making it simple to display such memories.
With Mark Cuban and Brian O’Leary, an agreement is reached whereby the Whitemans will receive $150,000 in exchange for 80% of licensing revenue. Shutterfly acquired GrooveBook in November for $14.5 million!
Bombas (Season 6, Episode 1)
David Heath and Randy Goldberg discovered that socks were the most popular item at homeless shelter. They decided to launch an apparel company that would contribute one pair of socks to a shelter for every pair sold. This decision got the attention of Shark Daymond John.
Business Insider reports that Bombas has donated more than 35 million pairs of socks. And generated more than $225 million in sales to date.
It has also been discovered that Bombas has over $300 million in sales, making him the TOP Shark Tank earner right now! The business had an appearance in the “biggest money makers” section of The Shark Tank Greatest of All Time Special in February 2020. With $330 million, they continue to be the top earners at this time.
Numilk (Season 12, Episode 18)
Numilk, firm that makes plant-based milk. With the push of a button, clients can freshly bottle a variety of plant-based milk thanks to Joe and Ari’s fully functional milk machine. For retailers that make plant-based milks like almond and oat milk, Numilk makes kiosk-style devices. According to Tolwin on the programme, each kiosk brings in about $50,000 annually. The company spends $30,000 to produce one unit.
A Numilk Pro has also been developed with restaurants and coffee shops in mind to supply eateries with fresh plant-based milk. According to Techie Gamers, the startup is also anticipated to be worth $55 million in 2022.
Cuban suggested an original investment of $2 million of those, $1,000,000 will be used for 7% equity. The remaining $1 million will be a loan with a 3% interest rate. Tolwin and Savino decided to take the deal, which potentially resulted in their company receiving the $20 million valuation they were hoping for.
IncrEdible Eats (Season 13, Episode 3)
Engineer Dinesh Tadepalli launched IncrEdible Eats, which produces edible spoons in a range of flavours from natural ingredients like wheat, corn, rice, and chickpeas. Lori Greiner decided to invest in Tadepalli’s business by giving $500,000 for 15%.
Incredible Eats expects to generate $300,000 in income. The company is presently developing edible chopsticks and sporks and exploring the possibility of making gluten-free versions of their edible cutlery.
All IncrEDIBLE Eats products are entirely vegan, free of dairy, and made with healthful, environmentally friendly ingredients like non-GMO wheat, corn, oats, brown rice, and chickpeas. Additionally, there are no artificial flavours or colours used in any of the company’s goods.
