FunBites Shark Tank Update

FunBites Shark Tank Pitch

Bobble Rhodes appeared on Shark Tank Season 6, Episode 18, which aired on February 5, 2015, with cuts food into fun bite-sized shapes for kids.

FunBites is listed in the Children category. In plain terms, the business is described as cuts food into fun bite-sized shapes for kids.

FunBites asked the Sharks for $75,000 for 20%, implying a valuation of about $375,000.

On the show, FunBites made a listed deal with Lori Greiner for $75,000 for 25%.

If treated as straight equity, the listed deal works out to about $300,000 implied valuation, down from the original $375,000 implied valuation.

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

FunBites After Shark Tank

FunBites accepted an on-air Shark Tank deal for $75,000 for 25%. Follow-up reporting lists the company as still operating after its Shark Tank appearance. (FunBites Shark Tank Update

FunBites reported annual revenue of $2 million as of July, 2024. The founder appeared on QVC multiple times and began producing commercials for TV. (FunBites Shark Tank Update

The official website for FunBites is listed as funbites.com. (FunBites website

Sources

Sources used for this page: Shark Tank API pitches