Quikflip Shark Tank Update

Quikflip Shark Tank Pitch

Rener Gracie appeared on Shark Tank Season 10, Episode 23, which aired on May 12, 2019, with Quick flipping 2-in-1 reversible backpack hero hoodie.

Quikflip is listed in the Clothing Fashion category. In plain terms, the business is described as Quick flipping 2-in-1 reversible backpack hero hoodie.

Quikflip asked the Sharks for $500,000 for 5%, implying a valuation of about $10 million.

On the show, Quikflip made a listed deal with Lori Greiner for $250,000 for 10% + $250,000 line of credit.

If treated as straight equity, the listed deal works out to about $2.5 million implied valuation, down from the original $10 million implied valuation.

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

Quikflip After Shark Tank

Quikflip accepted an on-air Shark Tank deal for $250,000 for 10% + $250,000 line of credit, but later updates say the deal did not close. (QuikFlip Shark Tank Update

By July, 2024, update sources put Quikflip's annual revenue around $4 million. (QuikFlip Shark Tank Update

The Quikflip product is available in some retail outlets, including Walmart. (QuikFlip Shark Tank Update

Over the years, the company added to its product line. (QuikFlip Shark Tank Update

The current brand site points customers to www.quikflipapparel.com. (Quikflip website

Sources

Sources used for this page: Shark Tank API pitches