Nightcap Update
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Nightcap Drink Cover Update | Shark Tank Season 12

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 Shark Tank Season 12? Find out in our Nightcap update!

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

Nightcap appeared on Shark Tank Season 12 and left with a deal from Lori Greiner for $60,000 for 20% equity. In terms of a Nightcap update, the company is still in business and has released new products that have helped it reach more than $5 million in annual sales.

Shark:  Result:
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

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 Shark Tank. Created by Shirah, Nightcap is a cover for your drink that only has one small opening for a straw, preventing drink spiking.

Fashionable and Functional
Nightcap The Original Drink Cover Scrunchie
Pros:
  • Worn As a Wrist or Hairband
  • Fits Most Cups and Glasses
  • Reusable
Cons:
  • Band Can Be Bulky
We earn a commission if you make a purchase, at no additional cost to you.

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 Shark Tank pitch that the rise in sales was due to website optimization. Additionally, a better understanding of social media ads helped them as well.

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 Shark Tank appearance!

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 Shark Tank, Nightcap saw a big increase in sales. In just a year after airing, Nightcap had done $2.1 million in lifetime sales and further expanded its reach in the United Kingdom.

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.

If you’d like to know more about Shark Tank companies and product updates, be sure to check out our Season 12 Products page.

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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!