Drain Strain Shark Tank Update

Drain Strain Shark Tank Pitch

Naushad Ali appeared on Shark Tank Season 6, Episode 17, which aired on February 2, 2015, with drain stopper and hair catching basket.

Drain Strain is listed in the Lifestyle Home category. In plain terms, the business is described as drain stopper and hair catching basket.

Drain Strain asked the Sharks for $110,000 for 15%, implying a valuation of about $733,333.333.

On the show, Drain Strain made a listed deal with Robert Herjavec for $110,000 for 10%.

If treated as straight equity, the listed deal works out to about $1.1 million implied valuation, up from the original $733,333.333 implied valuation.

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

Drain Strain After Shark Tank

Sources