Kanga Shark Tank Update

Kanga Shark Tank Pitch

Logan LaMance, Austin Maxwell, and Teddy Giard appeared on Shark Tank Season 10, Episode 18, which aired on April 7, 2019, with Beer insulating case.

Kanga is listed in the Accessories Gadgets category. In plain terms, the business is described as Beer insulating case.

Kanga asked the Sharks for $100,000 for 10%, implying a valuation of about $1 million.

On the show, Kanga made a listed deal with Mark Cuban for $100,000 for 20%.

If treated as straight equity, the listed deal works out to about $500,000 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.

Kanga After Shark Tank

Kanga accepted an on-air Shark Tank deal for $100,000 for 20%, but later updates say the deal did not close. (Kanga Shark Tank Update

Update sources put Kanga's annual revenue around $3.5 million. (Kanga Shark Tank Update

The company have their products in Ace Hardware stores, over 2000 independent retailers and Amazon. (Kanga Shark Tank Update

Sources

Sources used for this page: Shark Tank API pitches