Bunch Bikes Shark Tank Update

Bunch Bikes Shark Tank Pitch

Aaron Powell appeared on Shark Tank Season 12, Episode 18, which aired on March 26, 2021, with bikes with baskets for the whole family to ride.

Bunch Bikes is listed in the Fitness Outdoors category. In plain terms, the business is described as bikes with baskets for the whole family to ride.

Bunch Bikes asked the Sharks for $250,000 for 10%, implying a valuation of about $2.5 million.

On the show, Bunch Bikes made a listed deal with Barbara Corcoran for $150,000 loan + 100,000 15% equity.

If treated as straight equity, the listed deal works out to about $666,666.667 implied valuation, down from the original $2.5 million implied valuation.

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

Bunch Bikes After Shark Tank

Bunch Bikes accepted an on-air Shark Tank deal for $150,000 loan + 100,000 15% equity. Later reporting says the deal closed after filming. (Bunch Bikes Shark Tank Update – From Family Rides to Big Business

By 2020, Bunch Bikes was reported at about $2 million in annual revenue. (Bunch Bikes Shark Tank Update – From Family Rides to Big Business

Bunch gets an update segment in Shark Tank Season 13 Episode 5, where Bunch Bikes’ll showcase the new 12,000-square-foot facility Bunch Bikes moved into. (Bunch Bikes Shark Tank Update – From Family Rides to Big Business

Sources

Sources used for this page: Shark Tank API pitches