Bundil Shark Tank Update

Bundil Shark Tank Pitch

Dmitri Love appeared on Shark Tank Season 10, Episode 3, which aired on October 21, 2018, with app that allows users to invest spare change from everyday purchases into cryptocurrency.

Bundil is listed in the Software Tech category. In plain terms, the business is described as app that allows users to invest spare change from everyday purchases into cryptocurrency.

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

On the show, Bundil made a listed deal with Kevin O'Leary for $100,000 for 50%.

If treated as straight equity, the listed deal works out to about $200,000 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.

Bundil After Shark Tank

Bundil accepted an on-air Shark Tank deal for $100,000 for 50%, and later updates say the deal closed. (Bundil Shark Tank Update

By December, 2022, update sources put Bundil's annual revenue around $1 million. (Bundil Shark Tank Update

The company raised $750,000 from Techstars, Gurtin Ventures, and Tricia Martínez-Saab and Antler in January 2024 to get things off the ground. (Bundil Shark Tank Update

By June 2021, version 4.0 was launched. (Bundil Shark Tank Update

Sources

Sources used for this page: Shark Tank API pitches