Shefit Shark Tank Update

Shefit Shark Tank Pitch

Sarah Moylan appeared on Shark Tank Season 7, Episode 15, which aired on January 28, 2016, with customizable, adjustable zip up sports bras.

Shefit is listed in the Clothing Fashion category. In plain terms, the business is described as customizable, adjustable zip up sports bras.

Shefit asked the Sharks for $250,000 for 20%, implying a valuation of about $1.3 million.

On the show, Shefit made a listed deal with Daymond John for $250,000 for 33%.

If treated as straight equity, the listed deal works out to about $757,575.758 implied valuation, down from the original $1.3 million implied valuation.

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

Shefit After Shark Tank

Shefit accepted an on-air Shark Tank deal for $250,000 for 33%. Follow-up reporting lists the company as still operating after its Shark Tank appearance. (Shefit Shark Tank Update

Shefit reported annual revenue of $7 million as of April, 2023. (Shefit Shark Tank Update

The Amazon price is listed at $99.99, quite a jump from the website's price of $58.99, but the products are selling briskly. (Shefit Shark Tank Update

The official website for Shefit is listed as shefit.com. (Shefit website

Sources

Sources used for this page: Shark Tank API pitches