LuminAID Shark Tank Update

LuminAID Shark Tank Pitch

Andrea Sreshta and Anna Stork appeared on Shark Tank Season 6, Episode 20, which aired on February 19, 2015, with solar powered inflatable light.

LuminAID is listed in the Accessories Gadgets category. In plain terms, the business is described as solar powered inflatable light.

LuminAID asked the Sharks for $200,000 for 10%, implying a valuation of about $2 million.

On the show, LuminAID made a listed deal with Mark Cuban for $200,000 for 15%.

If treated as straight equity, the listed deal works out to about $1.3 million implied valuation, down from the original $2 million implied valuation.

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

LuminAID After Shark Tank

LuminAID accepted an on-air Shark Tank deal for $200,000 for 15%. The company was acquired in November, 2021. (LuminAID Shark Tank Update

LuminAID reported sales of $1 million. The company've also expanded their retail presence: the product is on the shelves at Zulily, Brookstone, the Container Store, and Walmart, and Luminaid was featured in an update segment in episode 715. (LuminAID Shark Tank Update

The official website for LuminAID is listed as luminaid.com. (LuminAID website

Sources

Sources used for this page: Shark Tank API pitches