Drink spiking is unfortunately a risk for women at bars and parties. Because of this, brother and sister duo Shirah and Michael Benarde, created a product designed for prevention. Will their product with a good cause get a deal on
If you’re short on time, here’s a quick overview of what happened to Nightcap after
Nightcap appeared on
|Lori Greiner||Accepted a deal of $60,000 for 25% equity|
|Kevin O’Leary||No Offer|
|Daymond John||No Offer|
|Barbara Corcoran||No Offer|
|Mark Cuban||No Offer|
Shark Tank Nightcap Update
- Entrepreneur: Michael Benarde and Shirah Benarde
- Business: Drink glass covers to prevent spiking
- Ask: $60,000 for 20% equity
- Result: $60,000 for 25% equity
- Shark: Lori Greiner
Michael and Shirah impressed the sharks with their innovative drink-spiking protector during Season 12 Episode 12 of
This patented Nightcap Scrunchie is a dually functional scrunchie that can be used to cover over most cups and glasses to prevent pills and powders from being dropped into a drink.
- Worn As a Wrist or Hairband
- Fits Most Cups and Glasses
- Band Can Be Bulky
Shirah shared with the sharks that she came up with the idea in a dream after a friend of hers had her drink spiked in college.
She eventually got to work on the first prototype, which she made out of her mom’s pantyhose and a scrunchie.
Fast-forward a few months, and the first Nightcap was finally born.
In the 11 months that the product has been sold, Shirah and Michael have managed to get $68,000 in sales, with the majority of them coming over the last few months.
It currently costs $2.82 to make a Nightcap, and they retail for $11.99. However, Shirah shared that they could get the cost down to $1.60 at scale.
Michael shared during the
The brother and sister duo also shared that they had received some startup money from their parents and an IndieGoGo campaign. They also shared that they have competed in four startup competitions and won all of them.
Lori Greiner instantly fell in love with the scrunchie cover and was passionate about helping solve the drink-spiking problem that many college girls fall victim to.
She wasted no time and offered Shirah and her brother Michael $60,000 for 25% equity in Nightcap, which they accepted.
Keep reading our Nightcap update to find out what happened following their
We have great news to share in our Nightcap update! The company is still in business, with an estimated yearly revenue of $5 million.
Following their appearance on
Since airing and securing a deal with Lori, the company has additionally released three new colors and a keychain.
Further Nightcap update research revealed that they even brought singer Julia Michaels onto the team to help promote it in bars and music venues.
If you’d like to purchase a Nightcap, it is currently available for sale on the Nightcap website, and on Amazon. There are a few different options available, one of which comes with a reusable straw.
For more product updates from Season 12 Episode 12, be sure to check out the links below.
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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!