Shark Tank Pitch

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Makeup Junkie Bags Shark Tank Update

2m

Cosmetics Beauty

Pitch Overview
NameMakeup Junkie Bags
Main PresentersMeredith Jurica
Order Shown in Episode1
Final DealOffer made from sharks

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.

Offers

Made ByLabelSharks Part of DealSummary
SharksDealLori Greiner$200,000 loan for 5% + $0.75 per bag royalty until repaid
CompanyOffered$200,000 for 15%

Updates in Shark Tank Episodes

Update SeasonUpdate Episode
No Episode Updates

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 , Makeup Junkie Bags website ).
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 , Makeup Junkie Bags website ).

Sources

Sources used for this page: Shark Tank API pitches , Shark Tank API episodes , sharktankblog.com , makeupjunkiebags.com .

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