Muvez Shark Tank Update

Muvez Shark Tank Pitch

Ryan Cruz, Eric Cruz, and Kevin Zamora appeared on Shark Tank Season 11, Episode 18, which aired on April 3, 2020, with 2-in-1, indoor-outdoor slipper shoes with removable soles.

Muvez is listed in the Clothing Fashion category. In plain terms, the business is described as 2-in-1, indoor-outdoor slipper shoes with removable soles.

Muvez asked the Sharks for $200,000 for 15%, implying a valuation of about $1.3 million.

On the show, Muvez made a listed deal with Daymond John for $200,000 for 25%.

If treated as straight equity, the listed deal works out to about $800,000 implied valuation, down from the original $1.3 million implied valuation.

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

Muvez After Shark Tank

Muvez accepted an on-air Shark Tank deal for $200,000 for 25%, and follow-up reporting says the deal closed after filming. (Muvez Shark Tank Update

Update sources put Muvez sales around $400,000. (Muvez Shark Tank Update

What is certain is the shoes are out of stock. (Muvez Shark Tank Update

The reason they're out of stock is in the aftermath of the original airdate, they sold out and did $400,000 in sales. (Muvez Shark Tank Update

During the Covid-19 pandemic, the company donated $1 per sale to the World Health Organization. (Muvez Shark Tank Update

The current brand site points customers to www.muvez.co. (Muvez website

Sources

Sources used for this page: Shark Tank API pitches