Potato Parcel Shark Tank Update

Potato Parcel Shark Tank Pitch

Riad Bekhit and Alex Craig appeared on Shark Tank Season 8, Episode 6, which aired on October 28, 2016, with custom messages written on a potato.

Potato Parcel is listed in the Services category. In plain terms, the business is described as custom messages written on a potato.

Potato Parcel asked the Sharks for $50,000 for 10%, implying a valuation of about $500,000.

On the show, Potato Parcel made a listed deal with Kevin O'Leary for $50,000 for 10%.

If treated as straight equity, the listed deal works out to about $500,000 implied valuation, roughly the same implied valuation as the ask.

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

Potato Parcel After Shark Tank

Potato Parcel accepted an on-air Shark Tank deal for $50,000 for 10%. The on-air deal closed. The company is still in business. (Potato Parcel Shark Tank Update

Potato Parcel reported sales of $7 million as of 2020. (Potato Parcel Shark Tank Update

This deal closed and Kevin thinks it's one of the best deals he ever made. (Potato Parcel Shark Tank Update

As of early 2020, they've sold over 70,000 parcels and earned over $7 million in sales. (Potato Parcel Shark Tank Update

Riad bought Alex out for $40,000 after they taped their segment but before it aired. (Potato Parcel Shark Tank Update

The official website for Potato Parcel is listed as potatoparcel.com. (Potato Parcel website

Sources

Sources used for this page: Shark Tank API pitches