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

DetraPel accepted an on-air deal with Mark Cuban and Lori Greiner for $200,000 for 25% equity. (DetraPel Shark Tank Blog update

The company expanded from consumer fabric protection into industrial coatings for paper, food packaging and textiles. (DetraPel Shark Tank Blog update

In early 2022, the company introduced DetraPel Industrial to focus on larger commercial applications. (DetraPel Shark Tank Blog update

In November 2022, DetraPel announced a $7 million Series A funding round, marking a real post-show scale-up beyond the original pitch. (DetraPel Shark Tank Blog update

Sources

Sources used for this page: Shark Tank API pitches