Wondry Shark Tank Update

Wondry Shark Tank Pitch

Chaz Gates and Witney Gates appeared on Shark Tank Season 14, Episode 6, which aired on November 11, 2022, with A unique wine company where the wine is not made from grapes. Instead, it's made from fruit and has twice the alcohol content..

Wondry is listed in the Food Beverage category. In plain terms, the business is described as A unique wine company where the wine is not made from grapes. Instead, it's made from fruit and has twice the alcohol content..

Wondry asked the Sharks for $185,000 for 8%, implying a valuation of about $2.3 million.

On the show, Wondry made a listed deal with Mark Cuban for $225,000 for 15%.

If treated as straight equity, the listed deal works out to about $1.5 million implied valuation, down from the original $2.3 million implied valuation.

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

Wondry After Shark Tank

Wondry accepted an on-air Shark Tank deal for $225,000 for 15%, and later update coverage says the deal closed. (Wondry Wine Shark Tank Update

By January, 2022, Wondry was reported at about $1 million in sales. (Wondry Wine Shark Tank Update

Glad to be partners!!" Wondry brought on a full-time brand manager in February, 2023 and Wondry hired six family members to help with "getting wine out of the door." Wondry also announced Whitney is pregnant with Wondry's second child. (Wondry Wine Shark Tank Update

It also has its products in Kroger, Target, Total Wine, Goody Goody, Costco, and Spec’s stores. (Wondry Wine Shark Tank Update

This business gets an update segment in episode 1507. (Wondry Wine Shark Tank Update

Sources

Sources used for this page: Shark Tank API pitches