Touch Up Cup Shark Tank Update

Touch Up Cup Shark Tank Pitch

Jason Grill and Carson Grill appeared on Shark Tank Season 12, Episode 1, which aired on October 16, 2020, with paint storage container for your next paint touch up project.

Touch Up Cup is listed in the Accessories Gadgets category. In plain terms, the business is described as paint storage container for your next paint touch up project.

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

On the show, Touch Up Cup made a listed deal for $150,000 for 17.5%.

If treated as straight equity, the listed deal works out to about $857,142.857 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.

Touch Up Cup After Shark Tank

Touch Up Cup accepted an on-air Shark Tank deal for $150,000 for 17.5%. The on-air deal closed. The business continued after the episode. (Touch Up Cup Shark Tank Update

By July 2021, Touch Up Cup was reported at about $2 million in annual revenue. (Touch Up Cup Shark Tank Update

The company closed a 3000 store deal with Walmart and a 1700 store deal with Lowes. (Touch Up Cup Shark Tank Update

Touch Up Cup gets an update segment in episode 1317. (Touch Up Cup Shark Tank Update

The company has expanded the line to include brushes, rollers, a roller cleaner, brush and roller savers and the touch up tarp. (Touch Up Cup Shark Tank Update

Touch Up Cup now uses touchupcup.com as its customer-facing site. (Touch Up Cup website

Sources

Sources used for this page: Shark Tank API pitches