Aquapaw Update | Shark Tank Season 10

Coming to Shark Tank from San Jose in Northern California,  Daniel and Tom were confident in their ability to motivate the sharks to invest $200,000 in their company known as Aquapaw. Their innovative pet bathing product is designed to make bathing your pet as simple and convenient as possible. Before we shift into our Aquapaw update, let’s see if they were able to secure a deal in Season 10 Episode 10 of Shark Tank.

Shark Tank Aquapaw Update

Aquapaw Update

  • Entrepreneurs: Daniel Lentz and Tom Zipprian
  • Business: Pet Bathing Accessory
  • Ask: $200,000 for 7.5% equity
  • Result: No deal
  • Sharks: None

Daniel and Tom quickly revealed that the retail cost of a single unit is $24.99.  Most of the company’s sales have been through its own website, but some of the sales have come from a retailer known as Uncommon Goods. They also mentioned that a single unit costs $5.25 to manufacture.

Aquapaw Dog Bath Brush - Sprayer and Scrubber Tool in One - Indoor/Outdoor Dog Bathing Supplies - Pet Grooming for Dogs or Cats with Long and Short Hair - Dog Wash with Hose and Shower Attachment
  • Pet bathing made easy: Save time, money and water when you wash your furry friends at home with this innovative pet shower attachment. The original Aquapaw is easy to install and operate
  • Eliminates mess and stress: This all-in-one tool lets you brush and rinse your pet simultaneously, for faster bathing with no need for bucket rinsing. The button mechanism lets you click easily from ON to OFF with one hand, leaving your other hand free to soothe your pet
We earn a commission if you make a purchase, at no additional cost to you.

For the last nine months, Aquapaw’s revenue has come from a Kickstarter campaign that exceeded a goal of $40,000.  The sharks weren’t as frustrated with the initial financial numbers of the company as much as they were confused with the imputed valuation of $3 million.

Robert Herjavec was willing to make an offer at a much lower valuation. He made an offer of $200,000 for 30% equity. Lori Greiner and Mark Cuban quickly made their decision to drop out of negotiations.

Guest shark Bethenny Frankel and Daymond John also made identical offers of $200,000 for 30% equity. After hearing from all the sharks,  Aquapaw has successfully earned three offers, and now it was time for Daniel and Tom to make a decision on which offer to accept.

After struggling to negotiate, Daniel and Tom turned around and walked out of the tank rejecting Daymond’s offer after the remaining sharks got impatient and dropped out. Aquapaw would not receive a deal but let’s see how the company is doing after Shark Tank.

In our Aquapaw update, we can tell you that the company is still in operation and is estimated to generate just under $5 million in revenue per year. Their products can be found in Petco and on Amazon’s marketplace.

While they respectively rejected Daymond’s final offer, they seem to be doing quite alright without a deal after all. From a business perspective, many people might agree that Daniel and Tom made the right decision.

You can find the other company updates from Season 10 here:

Don’t forget to take a look at our Season 10 products page! We’ve got more company updates from Shark Tank Season 10.