If you spend any time in front of the TV or browsing the web, you have undoubtedly heard the names Robert Herjavec, Mark Cuban, Daymond John, and Lori Greiner.
Throughout the course of its 14 years on air, Shark Tank’s “sharks” (read: backbone) have closed more than 700 deals.
But to what extent, though, do you know which products shown on “Shark Tank” went on to achieve commercial success? If this question has ever crossed your mind then make yourself comfy since that is what today’s blog is all about.
15 Shark Tank Most Successful Products
Let’s take a closer look at 15 shark tank products that have achieved a lot of success and are valued in millions!
Scrub Daddy
Scrub Daddy, known as “Shark Tank’s most successful product ever” is basically a sponge that softens in warm water and hardens in cold water, easing down the whole struggle behind doing dishwashing and kitchen cleanup.
The infamous Aaron Krause’s pitch won the QVC queen Lori’s heart and she invested a staggering $200,000 in exchange for a 20% stake in Scrub Daddy!
After this historic Shark Tank episode aired, the king of cleaning product “Scrub Daddy” sold 42,000 sponges in less than 7 minutes!
Currently, Scrub Daddy is anticipated to have generated sales of over $100 million in 2022 — making it a “Deal worth it” for Lori Greiner!
Also Read: How Much Did Lori Make On Scrub Daddy?
Tipsy Elves
Tipsy Elves was created in 2011 by two college buddies, Nick Morton and Evan Mendelsohn, who saw an opportunity to sell ugly Christmas sweaters with a unique twist.
The unique idea and the growth potential impressed shark Robert Herjavec who offered to invest a whopping $100,000 for 10% of the company and the Tipsy Elves’ friends-duo accepted the deal.
Right after their appearance on the show, Tipsy Elves went ahead to see a spike in its monthly sales and made over $1 million in their first two years.
Also Read: How Much Did Lori Make On Scrub Daddy?
In recent years, the brand has extended its ties and partnered up with a number of other brands and has expanded its product line to include more than just holiday-themed clothing!
Simply Fit Board
Next on this list is the Simply Fit Board which was invented and launched by Linda Clark and Gloria Hoffman in 2015. The idea behind this was pretty simple — it is a balance board that is designed to help people improve their balance and core strength.
Right after 1 year of its launch, Simply Fit Board appeared on Shark Tank seeking an investment of $125,000 in exchange for a 10% equity stake in the company.
The Shark Tank pitch, product quality, and claims impressed the sharks and Linda was able to seal the deal with Lori Greiner for an investment of $125,000 for a 20%stake in her company!
Sales of Just Fit Boards increased dramatically after the show aired; by August 2021, the firm had earned more than $160 million; at present, the company’s website is reportedly down, but they are still making huge sales on marketplaces like Amazon.
Squatty Potty
Just like the name suggests, Squatty Potty is basically a footstool that is designed to help people get into a squatting position while using the toilet — which helps in improving overall bowel movements.
This product was invented by Bobby Edwards and his mother Judy Edwards in 2011 and they made their historic appearance on Shark Tank in 2014 seeking an investment of $350,000 in exchange for a 5% equity in the company.
Although the sharks were at first a little hesitant about the concept and growth possibilities the product offered, shark Lori Greiner was inspired by Booby’s passion and went ahead and offered to invest $350,000 for a 10% stake in the business!
After the Shark Tank appearance, Squatty Potty earned positive praise, attracted a lot of consumers, and has now made over $164 million in sales!
Also Read: What Does Fetch Rewards Do With Your Receipts?
Comfy
The next product on this list is the Comfy — which is a wearable blanket that is designed to be cozy and comfortable.
The pitch and the potential of the product won over the sharks on the show, and Brian and Michael Speciale, the owners of Comfy, were able to strike a deal with Barbara Corcoran for a $50,000 investment for a 30% equity stake!
The fate of the brand was totally changed by this deal and their Shark Tank debut. In 2019 and 2020, the original Comfy was successful in generating revenues of $43 million and $65 million, respectively. So far, the company has sold over 10 million units of Comfy blankets!
Also Read: Aaron Krause Net Worth
Bombas
Founded by David Heath and Randy Goldberg in 2013, Bombas is a company that sells socks and other clothing items that is much more comfortable and supportive than traditional socks.
Within a year of its launch, Bombas made its debut entry in Shark Tank in the year 2014, seeking an investment of $200,000 in exchange for a 5% equity stake in the company.
The sharks became intrigued by the business’s overall concept and the caliber of its products, and David and Randy ultimately struck a deal with Daymond John for a $200,000 investment for a 17.5% equity stake.
With an estimated $225 million in lifetime sales, Bombas is currently considered to be one of Daymond’s most successful investments and one of the most profitable investments in the history of the show.
RING Doorbell
The RING Doorbell is a smart doorbell founded by Jamie Siminoff which featured on the popular television show “Shark Tank” in 2013.
The offering of the product was pretty interesting — with the RING Doorbell, homeowners can view and speak with visitors from their smartphone or tablet, even when they are not at home. The doorbell can also be linked to a Wi-Fi network and is equipped with a camera, microphone, and speaker.
Even with a great pitch and product idea, RING Doorbell did not secure a deal with any of the investors on the show.
But after the episode was aired, RING Doorbell saw a surge in its sales and was acquired by Amazon for a whopping $1 billion in February 2018!
Plated
Founded by Nick Taranto and Josh Hix in 2012, Plated is a meal kit delivery service that delivers ingredients and recipes to customers’ homes, allowing them to cook meals without the hassle of grocery shopping.
Plated appeared on Shark Tank seeking an investment of $500,000 in exchange for a 5% equity stake in the company. With their impressive pitch and high-growth opportunity, Plated was able to win the trust of Mark Cuban who offered to invest $500,000 for a 5% equity stake.
Since this episode aired on TV, Plated has grown to become one of the largest meal kit delivery services in the United States which was later acquired by Boise, Idaho-based national grocery store chain, Albertsons Companies for a staggering $300 million!
Bala Bangles
Bala Bangles is a fitness accessory company that specializes in making weighted wrist and ankle bands whose main aim is to make fitness more fun and accessible with stylish and comfortable workout gear.
In 2020, after 2 years of Bala Bangles’ launch, Natalie Holloway and Max Kislevitz, the founders of Bala Bangles came on Shark Tank seeking an investment of $350,000 in exchange for a 10% equity stake in the company.
After an impressive pitch and a negotiation session, they sealed the deal with Mark Cuban and Maria Sharapova for $900,000 for a 30% equity.
Shark Tank did help the company grow and surge its overall sales. Despite the pandemic situation, the company’s annual revenue was estimated to be around $3 million as of June 2021!!
Currently, the company has expanded its product line to include other fitness accessories, like resistance bands and yoga mats.
Stasher Bags
Founded by Kat Nouri in 2016, Stasher Bags is a company that makes storage bags that are made of food-grade silicone and are reusable, non-toxic, and dishwasher safe.
In 2018, Stasher Bags appeared on Shark Tank seeking an investment of $400,000 in exchange for a 5% equity stake in the company and signed a deal with Lori Greiner on $400,000 for a 15% equity!
After the Shark Tank episode aired, the company attracted a lot of eyes because of its commitment to sustainability and environmental responsibility. As per the reports, in June 2021, the brand generated $12 million in annual revenue!
BUBBA’S Q
BUBBA’S Q is a sports-themed BBQ joint that specializes in smoked meats and barbecue sauces which appeared on the Shark Tank to raise $300,000 in exchange for a 30% equity stake in the company.
Daymond John’s taste buds and heart were won over by the delicious flavor and tender grilling of the BBQ ribs, and he offered to invest $300,000 in exchange for a 30% stake in the business.
After signing this tremendous deal, Bubba’s Q’s sales skyrocketed and went from $154,000 to $16 million
Bubba’s-Q BBQ currently has sales of over $16 million and has numerous deals with restaurants including Carl’s Jr., Hardee’s, and others.
Also Read: How Does Pluto TV Make Money?
Sleep styler
Tara Brown, the founder of Sleep styler, a hair curling and styling brand, appeared on Shark Tank back in 2017 to raise an investment of $75,000 in exchange for a 10% equity stake in the company.
The unique concept of the product that helps costumers to curl and style hair while they sleep, using soft rollers made of memory foam and microfiber, struck the right chords with Lori Greiner, and won a deal of $75,000 for a 25% equity stake in the company.
After the show aired, Sleep Styler saw a sharp surge in sales and made over $50 million in retail sales in just 2 years.
Currently, Sleep styler has made more than $100 million in sales and is known as “one of the most popular shark tank products ever”!
Sand Cloud
Sand cloud is a beach towel and accessories brand that produces beach towels, blankets, and accessories, and donates a portion of its profits to marine conservation organizations.
Founded by Brandon Leibel, Steven Ford, and Bruno Aschidamini in 2014, Sand Cloud appeared on Shark Tank seeking an investment of $200,000 in exchange for a 5% equity stake in the company.
The Sharks were impressed with the product and its mission and Sand cloud was able to strike the deal with the sharks Robert Herjavec for an investment of $200,000 in exchange for 15% equity.
The mission of creating a brand that was both fashionable and eco-friendly was well-liked by the audience after the episode aired and Sand cloud saw a huge jump in its sales.
Currently, it is estimated that Sand Cloud’s revenue is over $6.8 million and they have expanded their product line beyond just beach towels and into other lifestyle products and outdoor accessories, like tote bags and water bottles!
Safe Grabs
Safe Grabs is a multi-purpose silicone mat that can be used as a trivet, potholder, splatter guard, jar opener, and more.
In 2017, exactly 2 years after their launch, Safe Grabs entered Shark Tank to raise an investment of $75,000 in exchange for a 10% equity dilution and signed a deal with Lori Greiner for the same amount but at a 25% equity stake.
Just within the first 3 years after appearing on “Shark Tank,” Safe Grabs was able to rake in $5 million and as of August 2022, the company has made over $24 million in annual sales!
Kodiak Cakes
Kodiak Cakes, founded by Joel Clark in 1995, is a food company that specializes in whole grain and high-protein products and sells high-protein pancake and waffle mixes, as well as other breakfast and baking products.
In 2015, Kodiak Cakes appeared on Shark Tank seeking an investment of $500,000 in exchange for a 10% equity stake in the company. Despite receiving offers from several of the sharks, the company ultimately decided to walk away without a deal.
Even though they couldn’t seal a deal, but the company’s appearance on Shark Tank catapulted them into the national spotlight. By the end of 2020, the company was estimated to have a net worth of over $200 million with more than 26000 stores in operation!
Wicked Good Cupcakes
Founded in 2010 by mother-daughter team Tracey Noonan and Danielle Vilagie, Wicked Good Cupcakes is a gourmet cupcake and dessert company.
In 2013, Wicked Good Cupcakes appeared on Shark Tank seeking an investment of $75,000 for a 10% equity and signed a sweet deal with Kevin O’Leary, a.k.a. Mr. Wonderful, for an amount of $75,000 in exchange for royalties (i.e. 45 cents per cupcake sold until he recoups his investment)
After the airing of the episode, Wicked Good Cupcakes became the go-to choice for people who wanted to enjoy delicious, gourmet desserts, and just within 4 years after the show, they grossed $14 million in lifetime sales!
Currently, Wicked Good Cupcakes is estimated to have a worth of around $15 million and is still up and running!