Kin Apparel Shark Tank Update

Kin Apparel Shark Tank Pitch

Philomina Kane appeared on Shark Tank Season 13, Episode 1, which aired on October 8, 2021, with satin lined hoodies for hair care enthusiasts.

Kin Apparel is listed in the Health SelfCare category. In plain terms, the business is described as satin lined hoodies for hair care enthusiasts.

Kin Apparel asked the Sharks for $200,000 for 10%, implying a valuation of about $2 million.

On the show, Kin Apparel made a listed deal with Lori Greiner 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.

Kin Apparel After Shark Tank

KIN Apparel accepted a Shark Tank deal with Emma Grede and Lori Greiner, then used the episode to push a niche apparel idea into a broader satin-lined hair-care brand. (KIN Apparel Shark Tank Update

After airing, sales doubled, KIN added a children's line, and the catalog grew into satin-lined beanies, pillowcases, windbreakers, car headrest covers, and a onesie. Revenue passed $1 million in 2021, and lifetime revenue reached $4.9 million by July 2023. (KIN Apparel Shark Tank Update

By July 2024, KIN had raised $341,280 through WeFunder, received $75,000 from Pharrell Williams' Black Ambition Prize, and passed $8 million in lifetime sales while pacing toward roughly $4 million for the year. (KIN Apparel Shark Tank Update

Sources

Sources used for this page: Shark Tank API pitches