Kettlebell weights are expensive and take up a lot of space. However, they offer great workout benefits. Daniel Sheppard and Andrew Martin created a simple way to turn the dumbbells you already own into kettlebells. It didn’t take much for them to get a few bites for their genius idea during their
Shark Tank Kettle Gryp Update
- Entrepreneurs: Daniel Sheppard and Andrew Thomas
- Business: Grip that turns dumbbells into kettlebells
- Ask: $300,000 for 10% equity
- Result: $300,000 for 15% equity
- Shark: Lori Greiner
Before we jump into the Kettle Gryp update and recap, let’s look at what the Kettle Gryp is.
The Kettle Gryp is a special reinforced grip that converts the dumbbells you already have to kettlebells. Kettlebells offer great all-around strength and range of motion exercises that you just can’t get with standard dumbbells. The Kettle Gryp holds up to 55 pounds and can convert almost any dumbbell into a kettlebell.
After Daniel and Andrew delivered their pitch, the sharks got to try Kettle Gryp for themselves. They were impressed by how good it felt compared to actual kettlebells. They were even more impressed when Daniel and Andrew revealed their sales: $3.6 million lifetime sales, and $600,000 in year-to-date sales.
The entrepreneurs wanted a shark to help them get into big-box retailers since most of their sales are direct-to-consumer.
Robert Herjavec, while impressed with the product and didn’t think that Daniel and Andrew needed help. He didn’t see it as an investable business, so he was out. Mark Cuban followed, stating that the product requires people to already own dumbbells. It was a drawback for him, so he went out too.
Kevin O’Leary made an offer: $300,000 for 20% equity. He had retail connections and could help them get there. When the entrepreneurs asked if anyone else had an offer, Lori jumped in. She offered $300,000 for 20% equity with preferred stock privileges.
Daniel and Andrew asked if she’d take 15% equity, and she agreed. Now it’s time for a Kettle Gryp update after
After appearing on the show, Kettle Gryp has received a lot of attention. The Kette Gryp is now a best seller on Amazon and has gotten a lot of media attention. So there’s no doubt that sales are skyrocketing.
Unfortunately, we also have some sad news in our Kettle Gryp update. Co-founder and Marine Corps veteran Andrew Thomas passed away after a battle with cancer prior to the episode airing. Lori shared on Twitter that she was happy to help fulfill his legacy by keeping Kettle Gryp going.
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For more company updates from Season 13, stop by our Season 13 products page.