Lollacup Toddler Cup Update | Shark Tank Season 3

Entrepreneurs Mark and Hanna Lim pitched their toddler cup company during Shark Tank Season 3. Lollacup makes a line of stylish cups for toddlers that are easy to use and clean. Their products were inspired by their own frustration with trying to find the right cup for their daughter. Will any of the sharks be interested enough to invest? Find out in our Lollacup update!

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

Mark and Hannah Lim appeared on Shark Tank Season 3, and made a deal with Mark Cuban and Robert Herjavec for $100,000, and 40% equity in their company. In terms of a Lollacup update, the company is still in business. They’ve rebranded to Lollaland, and enjoy an estimated $2 million in sales each year.

Shark: Result:
Mark Cuban & Robert Herjavec  Accepted deal for $100,000 for 40% equity
Kevin O’Leary $100,000 for 50% equity
Daymond John  $100,000 for 50% equity
Lori Greiner  No offer

Shark Tank Lollacup Update

Lollacup Update

  • Entrepreneur: Mark and Hanna Lim
  • Business: Toddler cups
  • Ask: $100,000 for 15% equity
  • Result: $100,000 for 40% equity
  • Shark: Mark Cuban and Robert Herjavec

Founders of Lollacup, Mark and Hanna Lim, introduce their toddler cups to the sharks. They then go into detail about the many benefits that their product offered, from ease of use, to simple maintenance.

Lollaland Weighted Straw Sippy Cup for Baby: Lollacup - Transition Kids, Infant & Toddler Sippy Cup (6 months - 9 months) | Shark Tank Products | Lollacup (Brave Blue)
  • NO VALVE MEANS SUPER EASY TO USE - We are the only valve less cup on the market not shaped like a bear. The idea was to make it easy to drink with a snap lid to stop leaks when on the go. 


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It turns out, they actually went through numerous toddler straw cups for their daughter, on the recommendation of their pediatrician. However, most of them lacked aesthetic appeal, were hard to use, and frustrating to clean.

This eventually led them to create their own line of stylish cups, that also happened to be convenient for parents too. Now that they have the product, they want the sharks’ expertise to grow the business.

Robert Herjavec asks about sales. Mark tells him they’ve been shipping for four months, and have $30,000 in sales, and $5,000 on order. They also have a soft order of $30,000, for the upcoming holidays.

Additionally, the cup retails for $18, and wholesales for $9. In terms of manufacturing, it costs $4.50 to make. Kevin O’Leary inquires about overseas manufacturing, but Hanna highlights that they want to supervise production in the US to make sure it was as safe as possible. 

Mark Cuban wants to know if they’ve had interest from any big box stores. Hanna says they’ve been approached by some, but they ultimately have concerns about the packaging.

Lori Greiner asks whether their daughters enjoyed the cups, and Hanna assures her that they love them, even thinking of them as toys.

Daymond John asks if there iss a patent, and Hanna says they have a design patent on it. Mark Lim says they have signed an exclusive contract with a sales rep for one year, which the sharks think is a bad idea. 

Although Lori loves the product, she says that the product just isn’t her market area. For this reason, she eventually goes out. 

That said, Kevin offers $100,000 for 50% equity, but says they have to manufacture the product offshore to bring the price down.

Daymond matches Kevin’s offer, putting another $100,000 for 50% equity, contingent on getting rid of the sales rep.

However, Robert thinks the valuation is wrong, so he appeals to Mark to counter. Mark counters with $100,000 for 40% equity.

Mark Cuban says he’ll take that offer, and gives them 24 seconds to decide. Just then, Daymond interrupts with $100,000 for 30% equity, undercutting Cuban.

Despite this, Daymond goes out, because the couple ultimately takes too long. 

At this point Hanna asks Cuban if he would like to partner with Robert for the $100,000 for 40% equity offer. Robert eventually agrees, and the duo got a two-shark deal.

What do you think happens following Shark Tank? Keep reading our Lollacup update for more. 

Our Lollacup update reveals that the copy is still in business! They eventually rebranded to Lollaland, and went on to develop a whole line of toddler food and drink related products. 

Further, annual sales are estimated to be around $2 million. Lollaland products can be purchased both on Amazon, and the Lollaland website.

If we learn anything new about this company, we will certainly let you know. In the meantime, you can check out our other company updates from Season 3 Episode 12 by following the links below!

For even more on companies and products, be sure to stop by our Season 3 Products Page  before you go!

 

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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!