Cincha Travel Shark Tank Update

Cincha Travel Shark Tank Pitch

Ashley Sharma and James Baker appeared on Shark Tank Season 14, Episode 19, which aired on April 7, 2023, with Discover a new level of comfort and style while traveling with Cincha Travel. Our functional Travel Belts and Belt Bags offer clever features, in vibrant colors, to solve your everyday travel challenges. Secure the bag!.

Cincha Travel is listed in the Travel Auto category. In plain terms, the business is described as Discover a new level of comfort and style while traveling with Cincha Travel. Our functional Travel Belts and Belt Bags offer clever features, in vibrant colors, to solve your everyday travel challenges. Secure the bag!.

Cincha Travel asked the Sharks for $200,000 for 15%, implying a valuation of about $1.3 million.

On the show, Cincha Travel made a listed deal with Barbara Corcoran for $100,000 for 25% + $100,000 as a line of credit.

If treated as straight equity, the listed deal works out to about $400,000 implied valuation, down from the original $1.3 million implied valuation.

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

Cincha Travel After Shark Tank

Cincha Travel accepted Barbara Corcoran's on-air offer, combining $100,000 in equity funding with a $100,000 credit line for the travel-belt and bag brand. (Cincha Travel Belts

By July 2023, later coverage said Cincha had donated more than one million miles to Miles4Migrants and supplied more than 3,300 meals in the Bay Area. (Here's What Went Down With Cincha Travel Belts & Bags After Shark Tank

Cincha Travel remains active through its own store, selling travel belts, belt bags, and accessories aimed at keeping personal items attached to luggage. (Here's What Went Down With Cincha Travel Belts & Bags After Shark Tank

Sources

Sources used for this page: Shark Tank API pitches