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

Sources