Kitty Kasas Shark Tank Update

Kitty Kasas Shark Tank Pitch

Nikki Linn and Rusty Niedwick appeared on Shark Tank Season 10, Episode 11, which aired on January 19, 2019, with modular, washable, stackable cat shelters.

Kitty Kasas is listed in the PetProducts category. In plain terms, the business is described as modular, washable, stackable cat shelters.

Kitty Kasas asked the Sharks for $200,000 for 20%, implying a valuation of about $1 million.

On the show, Kitty Kasas made a listed deal with Lori Greiner for $200,000 for 30%.

If treated as straight equity, the listed deal works out to about $666,666.667 implied valuation, down from the original $1 million implied valuation.

This pitch is included as context for the more important question: what happened after Shark Tank.

Kitty Kasas After Shark Tank

Kitty Kasas accepted an on-air Shark Tank deal for $200,000 for 30%. The on-air deal closed. The company was acquired in July, 2019. (Kitty Kasas Shark Tank Update

Even so, Kitty Kasas has amped up its Amazon presence and is now available in Petco. (Kitty Kasas Shark Tank Update

It doesn't appear the deal closed with Lori as the business isn't listed in her Shark Tank portfolio. (Kitty Kasas Shark Tank Update

The company was acquired in July, 2019 by Jolly Pets, an Ohio Dog Toy manufacturer, for an undisclosed amount. (Kitty Kasas Shark Tank Update

Products from Kitty Kasas are still on Amazon and in Petco. (Kitty Kasas Shark Tank Update

The current brand site points customers to kittykasas.com. (Kitty Kasas website

Sources

Sources used for this page: Shark Tank API pitches