Reviver Shark Tank Update

Reviver Shark Tank Pitch

Ben Kusins and Eric Kusins appeared on Shark Tank Season 6, Episode 4, which aired on October 10, 2014, with odor eliminating dry wipes.

Reviver is listed in the Health SelfCare category. In plain terms, the business is described as odor eliminating dry wipes.

Reviver asked the Sharks for $150,000 for 5%, implying a valuation of about $3 million.

On the show, Reviver made a listed deal with Lori Greiner for $150,000 for 15%.

If treated as straight equity, the listed deal works out to about $1 million implied valuation, down from the original $3 million implied valuation.

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

Reviver After Shark Tank

Reviver accepted an on-air Shark Tank deal for $150,000 for 15%. The on-air deal closed. Follow-up reporting lists the company as in business. (Reviver Shark Tank Update

Reviver reported annual revenue of $5 million, The deal with Lori closed and the Kusin brothers appeared on QVC several times selling their wipes. The guys introduced wipes for dogs and cats too. (Reviver Shark Tank Update

The official website for Reviver is listed as reviverwipes.com. (Reviver website

Sources

Sources used for this page: Shark Tank API pitches