Seasons 6+ pages were generated with help from AI. Seasons 1-5 were researched and written by hand.
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| Name | Lit Handlers |
|---|---|
| Main Presenters | Destiny Padgett |
| Order Shown in Episode | 3 |
| Final Deal | Deal was made on the show with sharks Daymond John for $200,000 for 20%. |
Destiny Padgett appeared on Shark Tank Season 12, Episode 25, which aired on May 21, 2021, with fun beverage coolers with a pocketed handle.
Lit Handlers is listed in the Accessories Gadgets category. In plain terms, the business is described as fun beverage coolers with a pocketed handle.
Lit Handlers asked the Sharks for $200,000 for 10%, implying a valuation of about $2 million.
On the show, Lit Handlers made a listed deal with Daymond John for $200,000 for 20%.
If treated as straight equity, the listed deal works out to about $1 million implied valuation, down from the original $2 million implied valuation.
This pitch is included as context for the more important question: what happened after Shark Tank.
| Made By | Label | Sharks Part of Deal | Summary |
|---|---|---|---|
| Company | Offered | $200,000 for 10% | |
| Sharks | Deal | Daymond John | $200,000 for 20% |
| Update Season | Update Episode |
|---|---|
| No Episode Updates | |
Lit Handlers accepted an on-air Shark Tank deal for $200,000 for 20%. Later reporting says the deal closed after filming. (Lit Handlers Shark Tank Update https://www.sharktankblog.com/business/lit-handlers/Link Preview
Lit Handlers was reported at about $1.2 million in annual revenue. (Lit Handlers Shark Tank Update https://www.sharktankblog.com/business/lit-handlers/Link Preview
The deal closed with Daymond as of July 2021, and there is a Facebook post of the Lit Handlers team "celebrating our deal." As of August 2022, the founder hasn't done any licensing deals, but the founder added 18+ "explicit" handlers. (Lit Handlers Shark Tank Update https://www.sharktankblog.com/business/lit-handlers/Link Preview
Sources used for this page: Shark Tank API pitches https://www.sharktank-api.dev/pitches https://www.sharktank-api.dev/episodes https://www.sharktankblog.com/business/lit-handlers/Link Preview
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Stay up to date on the latest news and updates occuring in the Shark Tank world.