Tog Samphel was fed up with tongs in the kitchen. They’re bulky, they’re awkward and he never seemed to have the right kind. His smart tong product solves this common problem. What will the sharks think of it on
Shark Tank Anytongs Update
- Entrepreneurs: Tog Samphel
- Business: Kitchen tongs accessory
- Ask: $150,000 for 20% equity
- Result: $150,000 for 49% equity
- Sharks: Daymond John
Tog brought his Anytongs kitchen tool to
This also cuts down on contamination during cooking since the silverware can be removed and replaced with ease. The sharks were impressed with this clever kitchen hack.
Tog told the sharks that he launched a Kickstarter campaign with a goal of $10,000 throughout the fundraiser. Anytongs generated a lot of popularity and managed to raise more than $30,000 during the campaign.
He also shared that his margins were reasonable since they only cost him about $2 per unit. The products were sold to interested customers at a price point of $19.99.
Due to the global pandemic in 2021, Anytongs had only generated about $7,000 in gross revenue and experienced manufacturing issues. Tog used his struggles during this time to develop the 2nd version of his product.
The new design is more convenient and improves the company margins since the landed cost is just over $1 per unit produced.
Most of the sharks weren’t interested, but Daymond John decided to make an offer of $150,000 for 49% equity. After some counteroffers from Tog, he eventually accepted the offer from Daymond.
So what became of Tog’s company after appearing on
Research for our Anytongs update revealed good news! The company has been able to improve its overall margins with the launch of the second version. At the time of writing, a single pack of Anytongs costs $12.99 or $19.99 for a two-pack through the Anytongs website.
With Daymond on the team, Tog will likely be able to improve his marketing to reach more customers and increase sales. When we get more news on an Anytongs update, we will be sure to let you know.
Do you want to learn about the other companies featured in Season 14 Episode 13? Follow the links below for our other company updates from the episode.
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Jeremy is a regular contributor at Shark Tank recap. He has a ton of passion for the show and enjoys researching information about what all the companies are up to now. His favorite Shark Tank companies are The Cookie Dough Cafe and Kronos Golf!