PiperWai Shark Tank Update

PiperWai Shark Tank Pitch

Jess Edlestein and Sarah Ribner appeared on Shark Tank Season 7, Episode 11, which aired on December 10, 2015, with Charcoal-based all-natural deodorant.

PiperWai is listed in the Health SelfCare category. In plain terms, the business is described as Charcoal-based all-natural deodorant.

PiperWai asked the Sharks for $50,000 for 10%, implying a valuation of about $500,000.

On the show, PiperWai made a listed deal with Barbara Corcoran for $50,000 for 25%.

If treated as straight equity, the listed deal works out to about $200,000 implied valuation, down from the original $500,000 implied valuation.

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

PiperWai After Shark Tank

PiperWai accepted an on-air Shark Tank deal for $50,000 for 25%. The on-air deal did not close. Follow-up reporting lists the company as in business. (PiperWai Shark Tank Update

PiperWai reported sales of $1.3 million. (PiperWai Shark Tank Update

Barbara says they need to be transparent and keep their customers informed. (PiperWai Shark Tank Update

PiperWai appears in an update segment in season seven's episode 720. (PiperWai Shark Tank Update

The official website for PiperWai is listed as www.piperwai.com. (PiperWai website

Sources

Sources used for this page: Shark Tank API pitches