oogiebear Shark Tank Update

oogiebear Shark Tank Pitch

Sina Farzin and Nina Farzin appeared on Shark Tank Season 14, Episode 1, which aired on September 23, 2022, with A tool that safely allows parents to pick their babies' noses while allowing them to breathe freely.

oogiebear is listed in the Children category. In plain terms, the business is described as A tool that safely allows parents to pick their babies' noses while allowing them to breathe freely.

oogiebear asked the Sharks for $400,000 for 5%, implying a valuation of about $8 million.

On the show, oogiebear made a listed deal with Barbara Corcoran and Robert Herjavec for $400,000 for 10%, $200,000 line of credit. If they don't get them to $400 million in sales in the next two years, they will give half the equity back..

If treated as straight equity, the listed deal works out to about $4 million implied valuation, down from the original $8 million implied valuation.

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

oogiebear After Shark Tank

oogiebear accepted Barbara Corcoran and Robert Herjavec's on-air offer built around $400,000, a $200,000 credit line, and a performance-based equity giveback. Later update coverage says the deal closed. (Oogiebear Shark Tank Update

Early update coverage put sales at $174,000 and noted that Walmart carried oogiebear products in 1,600 stores nationwide, giving the baby-care tool a retail base beyond the initial TV spike. (Oogiebear Shark Tank Update

Barbara Corcoran highlighted oogiebear's ability to keep adding new baby-care products, and the current oogiebear storefront still sells nasal aspirators, booger tools, teethers, and related infant-care accessories. (Oogiebear Shark Tank Update

Sources

Sources used for this page: Shark Tank API pitches