Stringys Shark Tank Update

Stringys Shark Tank Pitch

Olivia Karina and Elvira Troger appeared on Shark Tank Season 16, Episode 20, which aired on May 16, 2025, with Invisible undergarments.

Stringys is listed in the Consumer Products category. In plain terms, the business is described as Invisible undergarments.

Stringys asked the Sharks for $300,000 for 5% equity, implying a valuation of about $6 million.

On the show, Stringys made a listed deal for $300,000 for 3% equity plus $0.22 in perpetuity.

If treated as straight equity, the listed deal works out to about $10 million implied valuation, up from the original $6 million implied valuation.

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

Stringys After Shark Tank

Stringys accepted an on-air deal for $300,000 for 3% equity plus $0.22 in perpetuity. After filming, the on-air deal closed. (Stringys Shark Tank Update — Shark Tank Season 16

After securing a deal with Barbara Corcoran, the net worth of Stringys was $10 million on Shark Tank, and its projected sales were $1.8 million in 2024. (Stringys Shark Tank Update — Shark Tank Season 16

Following Stringys's deal with Barbara, Stringys continues selling primarily D2C through its website while expanding its wholesale presence. (Stringys Shark Tank Update — Shark Tank Season 16

Stringys finally, Barbara closed the deal at $300,000 for 3% with 22 cents of royalty in perpetuity. (Stringys Shark Tank Update — Shark Tank Season 16

Stringys has not confirmed if the deal with Barbara Corcoran closed. (Stringys Shark Tank Update — Shark Tank Season 16

Sources

Sources used for this page: sharktankblog.com