Toymail Shark Tank Update

Toymail Shark Tank Pitch

Gauri Nanda appeared on Shark Tank Season 8, Episode 17, which aired on February 16, 2017, with voice chat recorded stuffed animal.

Toymail is listed in the Children category. In plain terms, the business is described as voice chat recorded stuffed animal.

Toymail asked the Sharks for $250,000 for 25%, implying a valuation of about $1 million.

On the show, Toymail made a listed deal with Lori Greiner for $600,000 for 5%.

If treated as straight equity, the listed deal works out to about $12 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.

Toymail After Shark Tank

Toymail accepted an on-air Shark Tank deal for $600,000 for 5%. The on-air deal did not close. The business is now listed as out of business, with the closure tied to November, 2018. (Toymail Shark Tank Update

The next generation of toys has Amazon Echo's voice integration software. (Toymail Shark Tank Update

Since airing, they've added new Talkies. (Toymail Shark Tank Update

Sources

Sources used for this page: Shark Tank API pitches