Snarky Tea Shark Tank Update

Snarky Tea Shark Tank Pitch

Jenni-Lyn Williams appeared on Shark Tank Season 9, Episode 8, which aired on November 5, 2017, with soilon-bagged, whole-leaf, functional tea blends.

Snarky Tea is listed in the Food Beverage category. In plain terms, the business is described as soilon-bagged, whole-leaf, functional tea blends.

Snarky Tea asked the Sharks for $150,000 for 25%, implying a valuation of about $600,000.

On the show, Snarky Tea made a listed deal with Kevin O'Leary for $150,000 for 50%.

If treated as straight equity, the listed deal works out to about $300,000 implied valuation, down from the original $600,000 implied valuation.

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

Snarky Tea After Shark Tank

Snarky Tea accepted a deal with Kevin O'Leary and Bethenny Frankel, and the company later returned in a Season 10 update segment. (Snarky Tea Shark Tank Update

After the show, the brand's sales rose sharply enough to become part of that follow-up segment, and the business also moved into a less-edgy Feel Good tea line with names such as Cleanse and Detox. (Snarky Tea Shark Tank Update

The company remains positioned around direct-to-consumer tea blends, with the official store now using the correct snarkytea.com domain rather than the typo that appears in some old update listings. (Snarky Tea website

Sources

Sources used for this page: Shark Tank API pitches