SlumberPod Shark Tank Update

SlumberPod Shark Tank Pitch

Katy Mallory and Lou Childs appeared on Shark Tank Season 11, Episode 10, which aired on January 4, 2020, with portable mini blackout pod for babies and toddlers.

SlumberPod is listed in the Children category. In plain terms, the business is described as portable mini blackout pod for babies and toddlers.

SlumberPod asked the Sharks for $400,000 for 20%, implying a valuation of about $2 million.

On the show, SlumberPod made a listed deal with Barbara Corcoran for $400,000 for 20%.

If treated as straight equity, the listed deal works out to about $2 million implied valuation, roughly the same implied valuation as the ask.

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

SlumberPod After Shark Tank

SlumberPod accepted an on-air Shark Tank deal for $400,000 for 20%, but follow-up reporting says the deal did not close after filming. (SlumberPod Shark Tank Update

Update sources put SlumberPod annual revenue around $5 million. (SlumberPod Shark Tank Update

The company is also exploring getting into more retail stores and expanding their Amazon sales. (SlumberPod Shark Tank Update

The company has racked up sales of over 20,000 units and plans on developing new products in the future. (SlumberPod Shark Tank Update

The current brand site points customers to www.slumberpod.com. (SlumberPod website

Sources

Sources used for this page: Shark Tank API pitches