Stakt Shark Tank Update

Stakt Shark Tank Pitch

Millie Blumka and Taylor Borenstein appeared on Shark Tank Season 14, Episode 3, which aired on October 7, 2022, with A yoga mat that is much thicker than the standard fitness mat. It is foldable to provide more cushion and support when needed.

Stakt is listed in the Fitness Outdoors category. In plain terms, the business is described as A yoga mat that is much thicker than the standard fitness mat. It is foldable to provide more cushion and support when needed.

Stakt asked the Sharks for $100,000 for 10%, implying a valuation of about $1 million.

On the show, Stakt made a listed deal with Lori Greiner for $100,000 for 15% + $0.75 royalty until her investment is recouped.

If treated as straight equity, the listed deal works out to about $666,666.667 implied valuation, down from the original $1 million implied valuation.

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

Stakt After Shark Tank

Stakt accepted Lori Greiner's royalty-style offer on air, but later update coverage says the deal did not close. The foldable fitness mat business kept developing without that finalized investment. (Stakt Shark Tank Update

By June 2024, Stakt had moved into Faire, giving smaller retailers a wholesale path to buy the mat. The brand also added a carrying case, branded mat cleaner, and grippy socks. (Stakt Shark Tank Update

Stakt remains active online with a product line built around the foldable mat's thicker cushioning and multi-position use for Pilates, sculpt, and home workouts. (Stakt website

Sources

Sources used for this page: Shark Tank API pitches