DetraPel Shark Tank Update

DetraPel Shark Tank Pitch

David Zamarin appeared on Shark Tank Season 9, Episode 15, which aired on January 6, 2018, with water and stain repellent spray for shoes and fabric.

DetraPel is listed in the Cosmetics Beauty category. In plain terms, the business is described as water and stain repellent spray for shoes and fabric.

DetraPel asked the Sharks for $200,000 for 20%, implying a valuation of about $1 million.

On the show, DetraPel made a listed deal with Mark Cuban and Lori Greiner for $200,000 for 25%.

If treated as straight equity, the listed deal works out to about $800,000 implied valuation, down from the original $1 million implied valuation.

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

DetraPel After Shark Tank

Sources