Pandaloon Update | Shark Tank Season 9

Eugenia Chen, a college math instructor, launched Pandaloon, a pet apparel brand, after a video of her Pomeranian in a panda costume went viral. The unexpected success revealed a niche market for adorable dog costumes, leading Eugenia to expand her product line to include various animal themes. The sharks enjoyed the demonstration, but were they willing to invest? Let’s find out in our Pandaloon update and pitch recap.

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

Eugenia Chen entered Shark Tank Season 9, seeking $60,000 for 20% equity in her pet apparel business. After her pitch, she made a deal with Daymond John for $60,000 in exchange for 35% equity.

In terms of a Pandaloon update, the company is thriving. They have expanded their product line and are generating around $2 million in annual sales revenue.

Shark	Result
Daymond John	Accepted offer of $60,000 for 35% equity
Sara Blakely	$60,000 for 35% equity
Lori Greiner	No offer
Mark Cuban	No offer
Kevin O’Leary	No offer

Shark Tank Pandaloon Pitch

• Entrepreneurs: Eugenia Chen
• Business: Pet Costumes
• Ask: $60,000 for 20% equity
• Result: $60,000 for 35% equity
• Sharks: Daymond John

Eugenia began her pitch by sharing with the sharks how a viral video of her Pomeranian in a panda costume inspired her to create Pandaloon. 

She further explained that the video’s success opened her mind to a niche market for cute and unique dog costumes.

Pandaloon is an adorable animal costume designed for small and medium-sized dogs, transforming them into playful characters like pandas, lions, or teddy bears. 

It is made with high-quality materials and these one-piece suits prioritize comfort with adjustable straps and secure openings.

The clever design ensures the headpiece stays put, preventing frustration for both the pet and the owner.

Pandaloon is for pet owners who want to express their creativity and celebrate their dog’s unique personality. 

These costumes are guaranteed conversation starters, turning your furry friend into a local celebrity during walks or park visits. 

However, beyond the cuteness factor, Pandaloon’s costumes are practical, with detailed sizing guides and a hassle-free return policy.

Eugenia is seeking investment to expand Pandaloon’s product range and boost brand development.

She is currently in the middle of manufacturing the latest run of costumes, which cost $4 to make and sell for $39.99. 

She had sold $300,000 worth of costumes in the last three years and needed the cash to purchase enough inventory for Halloween.

Kevin O’Leary said that he had never really understood people who dress up small dogs in outfits, calling it bizarre. He’s out of the deal.

Mark Cuban followed, stating it wasn’t a fit for him. 

Lori Greiner didn’t see a market for it, and she goes out as well.

Daymond John, however, saw the joy the costumes brought and offered $60,000 for 35% equity, with 10% going to animal-related charities. 

Guest shark Sara Blakely also made an offer of $60,000 for 35% equity, but Eugenia ultimately accepted Daymond’s deal.

Was this the right call for Eugenia? Find out in our Pandaloon update. 

Shark Tank Pandaloon Update

Our research on the Pandaloon update revealed that the deal with Daymond closed, and Pandaloon’s costumes sold out following the original air date. 

Moreover, the costumes quickly gained popularity on Amazon. 

Our Pandaloon update found that Daymond fulfilled his promise by donating part of his equity profits to animal rescue charities, including Remember Me Thursday and the Petco Foundation. 

Eugenia continues to bring Huxley (her pet) to pet shows and regularly meets with other costumed dogs. 

Pandaloon now offers nine dog costumes, including pandas, teddy bears, unicorns, bumblebees, lions, penguins, rabbits, koalas, and polar bears, along with a variety of dog harnesses. 

Since airing, Pandaloon has grown to over $2 million in annual revenue. 

If we get another Pandaloon update, we will let you know!

You can find the other company updates from Season 9 Episode 17 here:

• Alice’s Table Update
• ZupUpdate
• Boobie Bar Update

For more updates, check out our Shark Tank Season 9 page.