Stasher Shark Tank Update

Stasher Shark Tank Pitch

Kat Nouri appeared on Shark Tank Season 9, Episode 15, which aired on January 6, 2018, with reusuable silicone food storage bags.

Stasher is listed in the Lifestyle Home category. In plain terms, the business is described as reusuable silicone food storage bags.

Stasher asked the Sharks for $400,000 for 5%, implying a valuation of about $8 million.

On the show, Stasher made a listed deal with Mark Cuban for $400,000 for 15%.

If treated as straight equity, the listed deal works out to about $2.7 million implied valuation, down from the original $8 million implied valuation.

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

Stasher After Shark Tank

Stasher accepted an on-air deal, but later updates say the Shark Tank deal did not close. (Stasher Shark Tank Update

The reusable silicone bag company grew quickly after the show as plastic-free storage became a larger consumer category. (Stasher Shark Tank Update

SC Johnson acquired Stasher in December 2019 for an undisclosed amount, turning the no-close Shark Tank story into a strategic consumer-products acquisition. (Stasher Shark Tank Update

Under SC Johnson, Stasher kept selling through its own site and broader retail channels; update sites have placed annual revenue around $12 million by 2023. (Stasher Shark Tank Update

Sources

Sources used for this page: Shark Tank API pitches