Zipz Shark Tank Update

Zipz Shark Tank Pitch

Andrew McMurray appeared on Shark Tank Season 6, Episode 11, which aired on December 4, 2014, with Single serve wine.

Zipz is listed in the Lifestyle Home category. In plain terms, the business is described as Single serve wine.

Zipz asked the Sharks for $2,500,000 for 10%, implying a valuation of about $25 million.

On the show, Zipz made a listed deal with Kevin O'Leary for $2.5 million for 10% + option to buy 10% at the same valuation if exiting.

If treated as straight equity, the listed deal works out to about $25 million implied valuation, roughly the same implied valuation as the ask.

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

Zipz After Shark Tank

Zipz accepted an on-air Shark Tank deal for $2.5 million for 10% + option to buy 10% at the same valuation if exiting. Follow-up reporting lists the post-show status as out of business. (Zipz Shark Tank Update

Kevin O'Leary closed the deal with Zipz and is actively working with them on licensing deals. In Beyond the Tank episode 208, a detailed update on the business and its challenges is provided. (Zipz Shark Tank Update

Sources

Sources used for this page: Shark Tank API pitches