Anyone who has had to pull hair out of their bathroom sink drain, knows what a pain clogged drains are. That’s why Naushad Ali created created a small sink attachment that is supposedly capable of preventing clogs from occurring on a regular basis. Will the sharks want to invest in his product on
Shark Tank Drain Strain Update
- Entrepreneurs: Naushad Ali
- Business: Anti-clog drain strainer attachment
- Ask: $110,000 for 15% equity
- Result: $110,000 for 10% equity
- Sharks: Robert Herjavec
Naushad entered the tank with a touching story about why he started his business, Drain Strain. When the market crashed in 2008, this realtor needed to supplement his income. That’s when he came up with his anti-clog drain attachment that catches hair and debris before it goes down the drain. This product avoids clogged sinks and has a removable piece that the customer can pop right into the garbage.
2 In 1 Drain Stopper & Hair Catcher: Our unique Drain Buddy Deluxe Sink Stopper and Strainer works both as a bathroom sink strainer to prevent clogs AND as a stopper - for the same price as most other products on the market where you’ll only get one – either a stopper OR a strainer! Made by Drain Strain as seen on the hit show Shark Tank. FITS MOST 1.25” wide SINK DRAINS.
Since all of the company’s products that were demonstrated during the pitch were prototypes, it was clear that there weren’t any sales to discuss. Kevin O’Leary believed the best pathway for the company was through a licensing deal with a prominent plumbing company. He decided to offer $110,000 in exchange for 20% equity, with a licensing contingency.
Mark Cuban wasn’t interested in making an offer because he believed it was more of a product rather than a company. He also had concerns about Naushad’s focus, especially considering that he has a busy career in the real-estate business. Lori Greiner wasn’t sure the product would actually work, so she dropped out. Barbara Corcoran believed that Kevin’s offer was probably better than any offer than one she would make, so she too dropped out.
Robert Herjavec was interested and he offered Naushad $110,000 in exchange for 10% equity, but this offer was also contingent on securing a licensing deal with a plumbing manufacturer. Since the offer was better than Kevin’s and better than his own asking price, Naushad ultimately accepted the offer. With a deal from Robert, what became of his company? Keep reading our Drain Strain update to find out!
We have exciting news to share! Research for our Drain Strain update revealed that the company is widely available for purchase. Naushad’s company is still in business and generates more than $2 million in gross revenue every single year. You can get your own Drain Strain products on Amazon, under the brand name Drain Buddy, or on the Drain Strain website.
Would you like to find out more about the other companies featured on Season 6 Episode 17? Follow the links below for our other company updates from the episode.
For even more on companies and products, be sure to check out our Season 6 Products Page!