Grease Bags Update | Shark Tank Season 8

Latangela Newsome found that disposing of used cooking grease was not only inconvenient but also harmful to the environment and municipal systems. To solve this, she created Grease Bags, an eco-friendly, all-natural, and non-toxic solution that makes it easy for people to compost their grease, avoiding clogged pipes and reducing landfill waste. Can Latangela scrub up a deal with the sharks, or will her pitch go down the drain? Let’s find out in our Grease Bags update and pitch recap.

If you’re short on time, here’s a quick overview of what happened to Grease Bags after Shark Tank.

Latangela entered Shark Tank Season 8, seeking $75,000 for 25% equity in Grease Bags. Ultimately, she reached an agreement for a deal with Barbara Corcoran for $75,000 for 50% equity.

In terms of a Grease Bags update, the company faced significant challenges after a failed deal. Despite a surge in pre-orders, Grease Bags struggled with order fulfillment. However, Latangela has continued to push the brand forward and remains in business.

Shark	Result
Barbara Corcoran	Accepted offer of $75,000 for 50% equity
Kevin O’Leary	No offer
Lori Greiner	No offer
Mark Cuban	No offer
Robert Herjavec	No offer

Shark Tank Grease Bags Pitch

• Entrepreneur: LaTangela Newsome
• Business: Eco-friendly grease disposal alternative
• Ask: $75,000 for 25% equity
• Result: $75,000 for 50% equity
• Shark: Barbara Corcoran

Latangela pitched Grease Bags to the sharks by sharing how her love for cooking inspired her to create a sustainable solution for grease disposal.

Frustrated by the lack of eco-friendly options, she developed Grease Bags, which transform harmful grease into compost.

She sought an investment to scale production and bring the product to market.

The product would help homeowners and businesses dispose of grease responsibly while reducing environmental impact.

Grease Bags focuses on eco-friendly kitchen waste management, offering patented, disposable, and biodegradable bags that collect and dispose of cooking grease sustainably.

The company primarily sells online, targeting individuals and businesses like restaurants that produce large amounts of grease.

During her pitch, Latangela confidently explained her pricing and business model, even though she hadn’t sold any bags yet.

She emphasized being the only one offering an eco-friendly grease disposal product, which caught the sharks’ attention.

Barbara Corcoran questioned its effectiveness, leading Latangela to demonstrate the product’s grease-absorbing power.

As the grease disappeared, the sharks were impressed.

Latangela explained that the bags use a safe bio-remediation blend, similar to those used for oil spills.

With a prototype price of $12.99 and a production cost of $2.34, she hoped to scale further.

Despite her attempt to impress the sharks, Lori Greiner declined to make an offer since she doesn’t fry food.

Mark Cuban questioned the target market and exited the negotiations.

Kevin O’Leary had concerns about the packaging, and Robert Herjavec felt there were too many unknowns.

Barbara, however, showed interest and proposed lowering the price to $6.99.

After some negotiation, she offered $75,000 for 50% equity, contingent on reducing costs. Latangela accepted the deal.

With a deal in hand, let’s get a Grease Bags update to see how Latangela is doing today.

Shark Tank Grease Bags Update

Our Grease Bags update found that the deal with Barbara Corcoran fell through because Latangela couldn’t reduce manufacturing costs as Barbara had requested.

Despite this setback, the exposure from the show sparked a surge in pre-orders.

However, the company struggled to keep up with the demand.

Latangela faced months of delays in fulfilling orders, and by December 2017, frustrated customers began voicing their complaints on social media.

She issued an apology and eventually fulfilled the orders, but the challenges persisted.

By 2021, products were listed on Amazon and the Grease Bags website. Unfortunately, customer reviews were increasingly negative, with many reporting that the bags would split open.

Our Grease Bags update found that Latangela relaunched the company in 2021, with the website back online and products available on platforms like Zulily.

Yet by July 2022, the product was once again out of stock on both the website and Amazon.

However, at the time of writing, the bags are listed as in stock again.

Despite these hurdles, Latangela has shown remarkable persistence, continuing to promote her eco-friendly product.

Alongside her business, Latangela has managed to maintain her acting career, appearing in projects like the 2023 movie, “Girl in the Closet.” 

If we get any more news on a Grease Bags update, we will let you know!

For more Season 8 Episode 13 company updates, be sure to check out these links below:

• Pinblock Update
• Mama’s Milk Box Update
• Nice Pipes Apparel Update

Before you go, check out our Shark Tank Season 8 page for more updates.