Snactiv Shark Tank Update

Snactiv Shark Tank Pitch

Kevin Choi and Edwin Cho appeared on Shark Tank Season 13, Episode 10, which aired on January 6, 2022, with Mess-free snacking tool.

Snactiv is listed in the Accessories Gadgets category. In plain terms, the business is described as Mess-free snacking tool.

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

On the show, Snactiv 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.

Snactiv After Shark Tank

Snactiv accepted an on-air Shark Tank deal for $200,000 for 20%. Later follow-up coverage says the deal did not close. (Snactiv Shark Tank Update

Snactiv was reported at about $1 million in annual revenue. (Snactiv Shark Tank Update

Kickstarter backers got Snactiv products in June 2021. (Snactiv Shark Tank Update

Snactiv remains active online through snactiv.com, which serves as its current storefront. (Snactiv website

Sources

Sources used for this page: Shark Tank API pitches