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Showing posts from April, 2023

FunkkOFF Shark Tank

 FunkkOFF! is a lifestyle brand that offers a teeth refresher product called "TeethRefreshers" that refreshes teeth and keeps them bright and fresh without the need to remove lipstick.  The product is made from all-natural ingredients and is recommended by a dentist. One TeethRefreshers product can be used up to 30 times, and the company also sells toothpaste for $9.  The company was founded in 2010 by Joelle Flynn and Sonia Hounsell, and it was relaunched in 2019. The founders appeared on Shark Tank Season 14 Episode 14 and asked for $250,000 for 5% equity at a $5 million valuation, but no deals were made.  They have raised $675,000 in funding, and their product is available on Amazon and over 50 stores in 20 states. The retail cost of the TeethRefreshers product is $22, with a margin of 67%. The company currently has $50,000 in cash and 2,800 units of the product.

Growfitter Shark Tank

 Growfitter is a rapidly growing fitness mobile application that allows users to track their daily physical activities such as walking, running, and cycling. This rewards-based app offers users exclusive rewards every week such as protein shakers, movie tickets, Apple AirPods, and even iPhones, while keeping them fit and healthy. Founded by Sanmati Pande and Harshit Sethy, the app also offers users a health quiz to provide them with a comprehensive understanding of their health status. In addition, the brand sells healthy and protein products to its users. In Season 1 Episode 32 of Shark Tank India, Growfitter's founders asked for ₹50 lakhs in exchange for 1% equity of their company. Ultimately, they struck a deal with Aman Gupta for ₹50 lakhs in exchange for 2% equity. Before their appearance on Shark Tank India, Growfitter had already achieved significant success, boasting 10 million registered users and 1 million memberships/bookings in the month of August alone. They also secur...