Tranquilo Shark Tank Update

Tranquilo Shark Tank Pitch

Melissa Gersin appeared on Shark Tank Season 8, Episode 16, which aired on February 9, 2017, with sleep-inducing baby mat.

Tranquilo is listed in the Children category. In plain terms, the business is described as sleep-inducing baby mat.

Tranquilo asked the Sharks for $100,000 for 10%, implying a valuation of about $1 million.

On the show, Tranquilo made a listed deal with Robert Herjavec for $200,000 for 15%.

If treated as straight equity, the listed deal works out to about $1.3 million implied valuation, up from the original $1 million implied valuation.

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

Tranquilo After Shark Tank

Tranquilo accepted an on-air Shark Tank deal for $200,000 for 15%. The on-air deal closed. The company was acquired by Baby Boom Products for an undisclosed amount in November, 2018. (Tranquilo Shark Tank Update

Since appearing, Melissa did more marketing and got the product into BuyBuy Baby Stores and many smaller children's retailers. (Tranquilo Shark Tank Update

The mats are also available on Amazon. (Tranquilo Shark Tank Update

Robert doesn't list Tranquilo as one of his Shark Tank companies, so it doesn't appear the deal closed. (Tranquilo Shark Tank Update

In November, 2018, the company was acquired by Baby Boom Products for an undisclosed amount. (Tranquilo Shark Tank Update

Sources

Sources used for this page: Shark Tank API pitches