Grouphug Shark Tank Update

Grouphug Shark Tank Pitch

Krystal Persaud appeared on Shark Tank Season 11, Episode 16, which aired on March 20, 2020, with window panel solar charger.

Grouphug is listed in the Accessories Gadgets category. In plain terms, the business is described as window panel solar charger.

Grouphug asked the Sharks for $150,000 for 10%, implying a valuation of about $1.5 million.

On the show, Grouphug made a listed deal with Mark Cuban for $150,000 for 25%.

If treated as straight equity, the listed deal works out to about $600,000 implied valuation, down from the original $1.5 million implied valuation.

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

Grouphug After Shark Tank

Grouphug accepted an on-air Shark Tank deal for $150,000 for 25%. The on-air deal closed. The business later shut down in 2020. (GroupHug Shark Tank Update

By July, 2022, update sources put Grouphug sales around $900,000-$1 million. (GroupHug Shark Tank Update

As of May, 2020, the original Kickstarter orders still have not shipped due to production delays in China. (GroupHug Shark Tank Update

The current brand site points customers to grouphug.com. (Grouphug website

Sources

Sources used for this page: Shark Tank API pitches