KENT Shark Tank Update

KENT Shark Tank Pitch

Jeff Grace and Stacy Grace appeared on Shark Tank Season 14, Episode 1, which aired on September 23, 2022, with Womens underwear that feels good and not bad for the environment. Made using only organic, toxin free PRIMA cotton from Peru and compostable elastic material..

KENT is listed in the Clothing Fashion category. In plain terms, the business is described as Womens underwear that feels good and not bad for the environment. Made using only organic, toxin free PRIMA cotton from Peru and compostable elastic material..

KENT asked the Sharks for $200,000 for 5%, implying a valuation of about $4 million.

On the show, KENT made a listed deal with Daymond John for $200,000 for 15%.

If treated as straight equity, the listed deal works out to about $1.3 million implied valuation, down from the original $4 million implied valuation.

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

KENT After Shark Tank

KENT accepted an on-air Shark Tank deal for $200,000 for 15%, and later update coverage says the deal closed. (KENT Shark Tank Update

By 2022, KENT was reported at about $500,000 in sales. (KENT Shark Tank Update

There is no new news about the founder's company as of the Monday after the episode aired. (KENT Shark Tank Update

In August, 2023, the company has introduce tee shirts, crop tops, bikinis and more. (KENT Shark Tank Update

The company did more than $500,000 in sales for 2022. (KENT Shark Tank Update

Sources

Sources used for this page: Shark Tank API pitches