SquareKeg Shark Tank Update

SquareKeg Shark Tank Pitch

Tim Louks appeared on Shark Tank Season 14, Episode 6, which aired on November 11, 2022, with A square keg that can fit in a fridge or can be taken to go more easily..

SquareKeg is listed in the Accessories Gadgets category. In plain terms, the business is described as A square keg that can fit in a fridge or can be taken to go more easily..

SquareKeg asked the Sharks for $300,000 for 10%, implying a valuation of about $3 million.

On the show, SquareKeg made a listed deal with Kevin O'Leary for $300,000 for 20%.

If treated as straight equity, the listed deal works out to about $1.5 million implied valuation, down from the original $3 million implied valuation.

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

SquareKeg After Shark Tank

SquareKeg accepted an on-air Shark Tank deal for $300,000 for 20%; later updates kept the business active but did not clearly confirm a closed deal. (SquareOne Mini Keg Shark Tank Update

By October, 2023, SquareKeg was reported at about $1 million in sales. (SquareOne Mini Keg Shark Tank Update

Kevin tells the founder's guests SquareKeg is all influencers in the wine business. (SquareOne Mini Keg Shark Tank Update

In the months since airing, the company introduced Vino On Tap, SquareKeg's square wine storage container that holds up to 5 bottles of wine. (SquareOne Mini Keg Shark Tank Update

The company gets an update segment in episode 1512. (SquareOne Mini Keg Shark Tank Update

Sources

Sources used for this page: Shark Tank API pitches