GreenBox Shark Tank Update

GreenBox Shark Tank Pitch

Ned Kensing and Jennifer Wright-Laracy appeared on Shark Tank Season 6, Episode 16, which aired on January 29, 2015, with eco-friendly pizza box that breaks apart into storage units for leftovers.

GreenBox is listed in the Lifestyle Home category. In plain terms, the business is described as eco-friendly pizza box that breaks apart into storage units for leftovers.

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

On the show, GreenBox made a listed deal with Kevin O'Leary for $300,000 for 10% with $300,000 to be repaid.

If treated as straight equity, the listed deal works out to about $3 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.

GreenBox After Shark Tank

GreenBox accepted an on-air Shark Tank deal for $300,000 for 10% with $300,000 to be repaid. The company was acquired by Pratt in April, 2020. (GreenBox Shark Tank Update

Sources

Sources used for this page: Shark Tank API pitches