Makeup Junkie Bags Shark Tank Update

Makeup Junkie Bags Shark Tank Pitch

Meredith Jurica appeared on Shark Tank Season 10, Episode 11, which aired on January 19, 2019, with multi-functional makeup bag that doubles as a clutch.

Makeup Junkie Bags is listed in the Cosmetics Beauty category. In plain terms, the business is described as multi-functional makeup bag that doubles as a clutch.

Makeup Junkie Bags asked the Sharks for $200,000 for 15%, implying a valuation of about $1.3 million.

On the show, Makeup Junkie Bags made a listed deal with Lori Greiner for $200,000 loan for 5% + $0.75 per bag royalty until repaid.

If treated as straight equity, the listed deal works out to about $4 million implied valuation, up from the original $1.3 million implied valuation.

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

Makeup Junkie Bags After Shark Tank

Makeup Junkie Bags accepted an on-air deal structured as a loan, small equity stake and per-bag royalty. (Makeup Junkie Bags Shark Tank Update

The business remained active after the episode, continuing to sell the lay-flat, washable cosmetics bags through the official store and other retail channels. (Makeup Junkie Bags Shark Tank Update

The strongest update is durability rather than a dramatic exit: the brand kept its niche, added designs and collections, and stayed tied to founder Meredith Jurica's original Texas-made accessories story. (Makeup Junkie Bags Shark Tank Update

Sources

Sources used for this page: Shark Tank API pitches