Cat Amazing Toys Update | Shark Tank Season 13
House cats may be privileged, but they are often bored. Andrey Grigoryev figured out the perfect way to keep them occupied with his puzzle toys, Cat Amazing. These toys require cats to solve puzzles to retrieve food, which stimulates their hunting instincts. Will the sharks take a bite out of these clever feeding toys during
Shark Tank Cat Amazing Update
- Entrepreneur: Andrey Grigoryev
- Business: Feeding puzzle toys for cats
- Ask: $200,000 for 10% equity
- Result: $200,000 for 22% equity, with 5% from each share for shelter cats
- Shark: Lori Greiner
Cat Amazing brought feeding puzzle toys to cats—an untapped market that usually only appealed to dog owners. These puzzle boxes were a hit too, with $550,000 in sales in the year before filming and a projected $720,000 before the end of the year, Cat Amazing was on track to do great things.
However, Andrey revealed that the company had relatively low profit margins despite the sales. The sharks were concerned with the low return.
Mark Cuban was the first to go out, citing the lack of real profits as the reason. Kevin O’Leary, on the other hand, offered Andrey $200,000 with a royalty of $2 per unit sold until he recouped his investment. After this, the royalty would reduce to $1 per unit sold.
Robert Herjavec was also interested and made Andrey the same offer as Kevin. Daymond John also made an offer of $200,000 for 25%. However, Andrey revealed that he promised to use part of the profits to help shelter cats. He countered Daymond at 20%, a 10% stake for Daymond and 10% for shelter cats.
Daymond and Andrey couldn’t agree on a deal when considering the deal with shelter cats. Then, Lori Greiner swooped in to offer $200,000 for 22% equity. She said 5% of her share and 5% of Andrey’s remaining share would go to help shelter cats, and Andrey agreed. How did the deal with Lori shake out? Keep reading our Cat Amazing update to find out.
After appearing on the show, Cat Amazing is doing great! In addition to the products they showcased on the show, our Cat Amazing update research revealed a new type of toy available on the Cat Amazing website. In addition, Cat Amazing has featured in HousePanther and The Conscious Cat. We’re sure this company is going places!
Curious about the other company updates from Season 13 Episode 20? You can find them here:
Before you go, make sure to check out our other Season 13 company updates on our Season 13 products page.
