Nana Hats Shark Tank Update

Nana Hats Shark Tank Pitch

Sean Adler appeared on Shark Tank Season 14, Episode 6, which aired on November 11, 2022, with A banana-preserving kitchen gadget that uses colorful silicone caps to slow browning and make fruit storage a little more fun..

Nana Hats is listed in the Accessories Gadgets category. In plain terms, the business is described as A banana-preserving kitchen gadget that uses colorful silicone caps to slow browning and make fruit storage a little more fun..

Nana Hats asked the Sharks for $150,000 for 10%, implying a valuation of about $1.5 million.

On the show, Nana Hats made a listed deal with Lori Greiner for $150,000 for 20%.

If treated as straight equity, the listed deal works out to about $750,000 implied valuation, down from the original $1.5 million implied valuation.

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

Nana Hats After Shark Tank

Nana Hats accepted an on-air Shark Tank deal for $150,000 for 20%, and later update coverage says the deal closed. (Nana Hats Shark Tank Update

By 2022, Nana Hats was reported at about $750.000 in sales. (Nana Hats Shark Tank Update

After the show originally aired on the east coast, the company had over 1000 orders. (Nana Hats Shark Tank Update

It was also revealed that the "retail giant" Sean referenced in the founder's pitch was Uncommon Goods. (Nana Hats Shark Tank Update

The company closed out 2022 with $750.000 in sales. (Nana Hats Shark Tank Update

Sources

Sources used for this page: Shark Tank API pitches