Bala Bangles Weights Update | Shark Tank Season 11
Entrepreneurs Natalie Holloway and Max Kislevitz pitched their wearable wrist and ankle weights during
If you’re short on time, here’s a quick overview of what happened to Bala Bangles after
Natalie Holloway and Max Kislevitz appeared on
Shark: | Result: |
Mark Cuban and Maria Sharapova | Accepted offer for $900,000 for 30% equity |
Kevin O’Leary | $400,000 as a 36-month loan at 7.5% interest in exchange for 5% equity |
Lori Greiner | $500,000 for 18% equity |
Daymond John | $200,000 for 15% equity |
Shark Tank Bala Bangles Update
- Entrepreneurs: Natalie Holloway and Max Kislevitz
- Business: Wearable wrist and ankle weights
- Ask: $400,000 for 10% equity
- Result: $900,000 for 30% equity
- Shark: Mark Cuban and Maria Sharapova
Co-founder of Bala Bangles and yoga instructor Natalie Holloway wanted wrist and ankle weights, but didn’t want to holding anything during her poses. With this in mind, she and her husband Max Kislevitz decided to bring back popular weights from the 80s, but with a twist.
Add constant but comfortable hands-free resistance to your workouts and daily activities with this pair of wrist and ankle weights.
Their pitch starts with a live aerobics display, which is a fun way to start discussing the product. Plus, the sharks love the samples.
Outside of that, the pitch is pretty no-nonsense, and the sharks get right down to the numbers.
Natalie eventually reveals that in their first six months, they did $260,000 in sales. Additionally, in the year the segment was filmed, they’d already done $1.2 million and also had POs with Bloomingdales and Nordstrom’s.
Further, most of their sales came from these deals. Despite the good sales numbers, their problem, as they say, is actually inventory.
Guest shark Maria Sharapova is the first to step forward, saying that she’s very interested in the product. The entrepreneurs say they’d love to have her as a spokesperson, although, Maria counters that she’d need a lot more equity to do it.
Kevin O’Leary is actually the first to make an offer, though. He will give them $400,000 as a 36-month loan at 7.5% interest in exchange for 5% equity.
Before the entrepreneurs can give him an answer, Maria interrupts to offer $200,000 for 15%. She says the product is something she would use, and it’s right in her wheelhouse.
Daymond John and Lori Greiner also make offers, each for $200,000 for 15% equity in the company. This bidding war continues for a bit until the entrepreneurs state that they aren’t ready to give away too much equity in their business.
They would take on two sharks at $450,000 apiece for 30% equity, but this is the highest they’d do. Lori makes a final bid of $500,000 for 18% of the business with no partner, but Mark Cuban quickly interrupts.
He and Maria want to go in for what the entrepreneurs asked for: $900,000 at 30% for two sharks. The entrepreneurs are quick to accept.
Where are these workout weights today following
We have very impressive news to share in our Bala Bangles update. A Season 12
In 2023, reports reveal that the company is bringing in $29 million in yearly revenue.
They also sell several lines of product on the Bala Bangles website and on Amazon. Additionally, the company offers a subscription service, so you can take online classes with the weights.
It seems these entrepreneurs brought on just the right sharks to get the job done! If we get more news on a Bala Bangles update, we will let you know!
You can find the other company updates from Season 11 Episode 13 here:
For even more on companies and products, be sure to stop by our Season 11 products page!
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!