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

Drain Strain accepted an on-air Shark Tank deal for $110,000 for 10%. The on-air deal closed. Follow-up reporting lists the company as in business. (Drain Strain Shark Tank Update

Drain Strain reported annual revenue of $3 million as of July, 2022, With Robert's help, Drain Strain found its way onto the shelves at 1200 Home Depot stores. The business gets an update segment in episode 813. (Drain Strain Shark Tank Update

The official website for Drain Strain is listed as www.drainstrain.com. (Drain Strain website

Sources

Sources used for this page: Shark Tank API pitches