Wondercide Shark Tank Update

Wondercide Shark Tank Pitch

Stephanie Boone appeared on Shark Tank Season 7, Episode 22, which aired on March 18, 2016, with line of safe pesticide alternatives for pets, people, and property.

Wondercide is listed in the Health SelfCare category. In plain terms, the business is described as line of safe pesticide alternatives for pets, people, and property.

Wondercide asked the Sharks for $500,000 for 5%, implying a valuation of about $10 million.

On the show, Wondercide made a listed deal with Lori Greiner for $500,000 for 3% + $0.50 royalty per unit sold until repaid.

If treated as straight equity, the listed deal works out to about $16.7 million implied valuation, up from the original $10 million implied valuation.

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

Wondercide After Shark Tank

Wondercide accepted an on-air Shark Tank deal for $500,000 for 3% + $0.50 royalty per unit sold until repaid. The on-air deal did not close. Follow-up reporting lists the company as in business. (Wondercide Shark Tank Update

Wondercide reported annual revenue of $6.5 million as of April, 2024. (Wondercide Shark Tank Update

In 2019, a class action lawsuit was filed against the company because the "green" product "contains synthetic chemicals and at least one of the ingredients is linked to skin irritation and allergic reactions." The lawsuit was "voluntarily dismissed with prejudice because the parties reached a settlement agreement, the terms of which have not been disclosed." Despite that glitch, the company managed to get into hundreds of pet stores nationwide, including PetsMart. (Wondercide Shark Tank Update

The official website for Wondercide is listed as www.wondercide.com. (Wondercide website

Sources

Sources used for this page: Shark Tank API pitches