Bundil Investment App Update | Shark Tank Season 10
Entrepreneur Dmitri Love, pitched his cryptocurrency app during
If you’re short on time, here’s a quick overview of what happened to Bundil after
Dmitri Love appeared on
| Shark: | Result: |
| Kevin O’Leary | Accepted deal for $100,000 for 50% |
| Matt Higgins | No offer |
| Lori Greiner | No offer |
| Mark Cuban | No offer |
| Daymond John | No offer |
Shark Tank Bundil Update
- Entrepreneurs: Dmitri Love
- Business: Cryptocurrency investment app
- Ask: $100,000 for 10% equity
- Result: $100,000 for 50% equity
- Shark: Kevin O’Leary
Dmitri Love, founder of Bundil, brings his investment app for cryptocurrency, to
That’s why he created an investment app, to simplify the process. It basically allows users to invest their spare change into cryptocurrency.
The app also happens to automatically track your spending habits. Dmitri then gives an example of how the app works.
He explains that if you bought a coffee for $3.45, the leftover $0.55 would automatically be invested into cryptocurrency, through the app. You don’t actually need thousands of dollars to invest, as he says, just a little bit over time.
Guest shark Matt Higgins asks Dmitri what gave him the idea to get into crypto. He shares that he’s actually a web developer, and he wanted to invest in cryptocurrency himself.
Then his friends and family started asking him how they could also invest. That’s when he decided to make an easy tool for investing.
With a couple of subscription plans, Dmitri reveals how Bundil makes money through the mobile app. Users have the opportunity to subscribe for $3 per month or purchase an annual plan for $24 per year.
He also revealed the three cryptocurrencies his app supports, featuring Bitcoin, Ethereum, and Litecoin.
Before even discussing the concept of cryptocurrency, Lori Greiner already had her doubts. She rapidly dropped out, because she claimed that cryptocurrency may not be the shining future that everyone else thinks it is.
Mark Cuban dropped out for different reasons, but mainly because he believed he had a conflict of interest with one of his own companies.
With that being said, there were still three sharks remaining for Dmitri to try and strike a deal with. Unfortunately, Daymond John was also quick to end negotiations, because he believed the company was too early in its development to be investable.
Kevin O’Leary decided to make an offer to Dmitri, offering him $100,000 for half of the company. Dmitri was concerned that Kevin might not put additional money into the company in the future, if it is needed but appeared to consider the offer from Kevin.
Matt jumped in and said that he doesn’t think there’s enough of a consumer need for the app. He drops out, but not before giving Dmitri some advice.
He ultimately accepted $100,000 for 50% equity in his company from Kevin, but did so very reluctantly.
Do you think Dmitri found success following
We have some sad news to share in our Bundil update. Unfortunately there is no information as to whether Kevin and Dmitri ever finalized the deal, however, Dmitri did find success for a time.
The investment app continued to release new updates, and expanded the number of cryptocurrencies that were supported. In addition, thousands of banking firms were compatible with the mobile app for deposits and withdrawals.
That said, Dmitri shared a post on Linkedin, toward the end of 2023, announcing that he had shut down his business earlier in the year. In the post, he also goes into detail about the many things he’s learned on through the journey of running the company.
He also shares some advice. Hopefully Dmitri will eventually be able to take his experiences, and create something new, that he is just as equally passionate about.
We wish him well, however, this will be our final Bundil update and pitch recap.
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
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!