DBest Products Shark Tank Update

DBest Products Shark Tank Pitch

Richard Elden appeared on Shark Tank Season 8, Episode 15, which aired on February 2, 2017, with Lightweight collapsible shopping cart and other storage products.

DBest Products is listed in the Lifestyle Home category. In plain terms, the business is described as Lightweight collapsible shopping cart and other storage products.

DBest Products asked the Sharks for $350,000 for 5%, implying a valuation of about $7 million.

On the show, DBest Products made a listed deal with Mark Cuban and Lori Greiner for $350,000 for 15% + $2 million financing at 15% interest.

If treated as straight equity, the listed deal works out to about $2.3 million implied valuation, down from the original $7 million implied valuation.

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

DBest Products After Shark Tank

DBest Products accepted an on-air Shark Tank deal for $350,000 for 15% + $2 million financing at 15% interest. The on-air deal closed. The company is still in business. (dBest Products Shark Tank Update

DBest Products reported annual revenue of $8-$10 million as of July, 2022. (dBest Products Shark Tank Update

You can find dBest carts in Bed Bath and Beyond, Staples, Target, Walmart, PetCo and Amazon. (dBest Products Shark Tank Update

The official website for DBest Products is listed as dbest-products.com. (DBest Products website

Sources

Sources used for this page: Shark Tank API pitches