AnyTongs Shark Tank Update

AnyTongs Shark Tank Pitch

Tog Samphel appeared on Shark Tank Season 14, Episode 13, which aired on January 27, 2023, with AnyTongs is a kitchen accessory that converts a spoon or fork into tongs. There are several types of Utensils Tongs on the market, and we must purchase them in addition to Kitchen Utensils. AnyTongs is the solution, eliminating the need to purchase multiple sets of tongs..

AnyTongs is listed in the Lifestyle Home category. In plain terms, the business is described as AnyTongs is a kitchen accessory that converts a spoon or fork into tongs. There are several types of Utensils Tongs on the market, and we must purchase them in addition to Kitchen Utensils. AnyTongs is the solution, eliminating the need to purchase multiple sets of tongs..

AnyTongs asked the Sharks for $150,000 for 20%, implying a valuation of about $750,000.

On the show, AnyTongs made a listed deal with Daymond John for $150,000 for 49%.

If treated as straight equity, the listed deal works out to about $306,122.449 implied valuation, down from the original $750,000 implied valuation.

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

AnyTongs After Shark Tank

AnyTongs accepted an on-air Shark Tank deal for $150,000 for 49%, but later update coverage says the deal did not close. (AnyTongs Shark Tank Update

By April, 2024, AnyTongs had reached about $1 million in lifetime sales. (AnyTongs Shark Tank Update

Tog started a job at Walmart Data Ventures in August, 2023. (AnyTongs Shark Tank Update

AnyTongs remains active online through anytongs.com, where customers can find the current product line. (AnyTongs website

Sources

Sources used for this page: Shark Tank API pitches