The Handbag Raincoat Shark Tank Update

The Handbag Raincoat Shark Tank Pitch

Morgan Sarner George and Arley Sarner appeared on Shark Tank Season 10, Episode 5, which aired on November 17, 2018, with fashionable covering that protects bags from the rain.

The Handbag Raincoat is listed in the Clothing Fashion category. In plain terms, the business is described as fashionable covering that protects bags from the rain.

The Handbag Raincoat asked the Sharks for $300,000 for 25%, implying a valuation of about $1.2 million.

The source data lists no completed on-air deal for The Handbag Raincoat.

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

The Handbag Raincoat After Shark Tank

The Handbag Raincoat left Shark Tank without an on-air deal. The business later shut down in December 2019. (The Handbag Raincoat Shark Tank Update

On Amazon, there are many products similar to the Handbag Raincoat. (The Handbag Raincoat Shark Tank Update

With a little sleuthing, I found that the woman’s mother actually holds the patents to this product. (The Handbag Raincoat Shark Tank Update

However, I could not find any evidence of a patent lawsuit. (The Handbag Raincoat Shark Tank Update

The women closed the business in December 2019. (The Handbag Raincoat Shark Tank Update

Sources

Sources used for this page: Shark Tank API pitches