Pandaloon Shark Tank Update

Pandaloon Shark Tank Pitch

Eugenia Chen appeared on Shark Tank Season 9, Episode 17, which aired on January 13, 2018, with animal-themed pet costumes.

Pandaloon is listed in the Pet Products category. In plain terms, the business is described as animal-themed pet costumes.

Pandaloon asked the Sharks for $60,000 for 20%, implying a valuation of about $300,000.

On the show, Pandaloon made a listed deal with Daymond John for $60,000 for 35%.

If treated as straight equity, the listed deal works out to about $171,428.571 implied valuation, down from the original $300,000 implied valuation.

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

Pandaloon After Shark Tank

Pandaloon accepted Daymond John's on-air deal for $60,000 for 35%, and later updates say the deal closed. (Pandaloon Shark Tank Update

The company kept selling its pet costumes after the show, especially the panda-style dog costume that made the pitch memorable. (Pandaloon Shark Tank Update

By 2023, outside update sites were putting annual revenue near $2 million, and Pandaloon products were still available through Amazon and the official site. (Pandaloon Shark Tank Update

Sources

Sources used for this page: sharktankblog.com