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Aqua Vault Update | Shark Tank Season 6

Have you ever been to the beach or pool and worried about leaving your valuables alone while you were in the water? You’re not alone! That’s why Rob Peck, Jonathan Kinas and Avin Samtani came up with a safe for these types of occasions. Will it earn them a deal on Shark Tank Season 6? Find out in our Aqua Vault update!

Shark Tank Aqua Vault Update

Aqua Vault Update

  • Entrepreneurs: Rob Peck, Jonathan Kinas, and Avin Samtani.
  • Business: Waterproof safe for the pool and beach
  • Ask: $75,000 for 12% equity
  • Result: $75,000 for 25% equity
  • Sharks: Daymond John

Rob, Jonathan and Avin brought their Aqua Vault safe into the tank and explained how their product made outdoor water activities more enjoyable for customers. They’re safe can be locked to chairs or any stationary item and will keep cell phones, wallets, jewelry and more, safe while their owners have fun.

The company retails each vault for $39.95 and it costs $10.86 to make each unit. At the time of filming, the company had earned $87,000 in sales and they were on track to hit $100,000 by the end of that year. Several of the sharks seemed interested. Robert Herjavec loved the product, and offered the guys $75,000 for 25% equity. His offer wasn’t immediately accepted, and after hearing more problems about the company, Robert withdrew his offer.

Daymond John offered the guys $75,000 for 25% and they quickly accepted. What happened next for their company? Keep reading our Aqua Vault update to find out! 

Research for our Aqua Vault update revealed some good news! Daymond finalized his offer with the company and helped boost sales rapidly in the years that followed. The company spent some time developing a second product as the estimated annual revenues of the Aqua Vault brand boosted to about $3 million per year. Products are available on the Aqua Vault website.

Would you like to learn about the other companies featured on Season 6 Episode 22? Follow the links below for our other company updates from the episode.

For even more on companies and products, be sure to stop by our Season 6 Products Page!

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Andrew Smith is the founder and owner of Shark Tank Recap. He is a longtime Shark Tank fan that has been watching it for years and has seen every episode multiple times. His friends know him as the Shark Tank expert, because he can answer any question about the show! His favorite Shark Tank products are Bertello's pizza oven and Bug Bite Thing!