Banana Loca Shark Tank Update

Banana Loca Shark Tank Pitch

Renee Heath and Bechara Jaouden appeared on Shark Tank Season 13, Episode 9, which aired on December 16, 2021, with Banana coring and filling tool.

Banana Loca is listed in the Accessories Gadgets category. In plain terms, the business is described as Banana coring and filling tool.

Banana Loca asked the Sharks for $250,000 for 25%, implying a valuation of about $1 million.

On the show, Banana Loca made a listed deal with Kevin O'Leary and Mark Cuban for $250,000 for 25% + $3 royalty until $250,000 is repaid.

If treated as straight equity, the listed deal works out to about $1 million implied valuation, roughly the same implied valuation as the ask.

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

Banana Loca After Shark Tank

Banana Loca accepted an on-air offer from Mark Cuban and Kevin O'Leary, but early follow-up coverage did not confirm that the deal closed. (Banana Loca Shark Tank Update

The company still used the exposure well, announcing in a press release that it was thrilled with the new Shark Tank attention around its banana coring and filling device. (Banana Loca Shark Tank Update

Banana Loca remains active through its own storefront, where the product is sold as a novelty kitchen gadget for filling bananas with spreads. (Banana Loca Shark Tank Update

Sources

Sources used for this page: Shark Tank API pitches