Chirp Shark Tank Update

Chirp Shark Tank Pitch

Tate Stock appeared on Shark Tank Season 12, Episode 3, which aired on October 30, 2020, with exercise wheel for back pain relief.

Chirp is listed in the Health SelfCare category. In plain terms, the business is described as exercise wheel for back pain relief.

Chirp asked the Sharks for $900,000 for 2%, implying a valuation of about $45 million.

On the show, Chirp made a listed deal with Lori Greiner for $900,000 for 2.5% to be repaid in 2 installments within 18 months.

If treated as straight equity, the listed deal works out to about $36 million implied valuation, down from the original $45 million implied valuation.

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

Chirp After Shark Tank

Chirp accepted an on-air Shark Tank deal for $900,000 for 2.5% to be repaid in 2 installments within 18 months. The on-air deal did not close. The business continued after the episode. (Chirp Shark Tank Update

By November 2021, Chirp was reported at about $4 million in annual revenue. (Chirp Shark Tank Update

As of July 2021, there are many knock-off products on Amazon. (Chirp Shark Tank Update

In April 2024, the company introduced the Chirp RPM, “a revolutionary hybrid that combines a massage gun and foam roller for the ultimate muscle relief and recovery.” As of July 2024, the company has $6.9 million in annual revenue and lifetime sales of over $85 million. (Chirp Shark Tank Update

Chirp now uses gochirp.com as its customer-facing site. (Chirp website

Sources

Sources used for this page: Shark Tank API pitches