FryAway Shark Tank Update

FryAway Shark Tank Pitch

Laura Lady appeared on Shark Tank Season 14, Episode 13, which aired on January 27, 2023, with Turns cooking oil into solid organic waste..

FryAway is listed in the Lifestyle Home category. In plain terms, the business is described as Turns cooking oil into solid organic waste..

FryAway asked the Sharks for $250,000 for 10%, implying a valuation of about $2.5 million.

On the show, FryAway made a listed deal with Lori Greiner for $250,000 for 22%.

If treated as straight equity, the listed deal works out to about $1.1 million implied valuation, down from the original $2.5 million implied valuation.

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

FryAway After Shark Tank

FryAway accepted an on-air Shark Tank deal for $250,000 for 22%, and later update coverage says the deal closed. (FryAway Shark Tank Update

The FryAway product is available at Kroger, Metro Market, Jaycee Food Stores, Pick and Save,Food 4 Less, Hyvee, Scheels and Meijer stores. (FryAway Shark Tank Update

The first rerun of this episode in June, 2023 is just 3 months after the episode aired. (FryAway Shark Tank Update

One reason could be that this is not the founder's invention but rather a copy of a Japanese product called Katameru Tenpuru. (FryAway Shark Tank Update

(FryAway Shark Tank Update

FryAway remains active online through fryaway.co, where customers can find the current product line. (FryAway website

Sources

Sources used for this page: Shark Tank API pitches