Pearachute Kids Classes Update | Shark Tank Season 9

Desiree Vargas Wrigley came to Shark Tank to pitch her app, Pearachute, which she designed for parents of young children to find activities that are age-appropriate and will excite them about learning. The problem with toddlers is when you sign them up for a class, it may have 12 sessions. After three sessions, the child may not be interested, get sick, or you have an uninvited visitor. The app is designed to circumvent that issue by creating a subscription service that allows members to choose any class to drop into. You can even cancel up to an hour before, with no charge. Will the sharks want to drop into a class? Let’s find out in this Pearachute update.

Shark Tank Pearachute Update

Pearachute Update

  • Entrepreneur: Desiree Vargas Wrigley
  • Business: Booking service for children’s classes
  • Ask: $500,000 for 6% equity
  • Result: $500,000 for 15% equity
  • Shark: Mark Cuban

Right off the bat, Kevin O’Leary liked the business but didn’t see how she could grow to other cities outside of Chicago before someone else did. He went out because he felt she didn’t answer his questions. Barbara Corcoran didn’t feel Desiree was a true entrepreneur to which she explained to the sharks why she is a fighter, but it still didn’t convince Barbara, leading her to drop out.

Lori Greiner thought she needed to do more in Chicago before expanding to other cities and dropped out of the deal. Guest shark, Chris Sacca, thought she was a strong person, but that that product was too difficult and went out. Mark Cuban was the lone shark standing.

He offered $500,000 for 20% and even offered her office space in Dallas. She requested he went a little higher on the evaluation. Mark came back with $500,000 for 15%. They then made a deal.

A quick Pearachute update shows that the company is still in business and is now available nationwide in both urban and rural areas. Cities included are Chicago, Dallas, Seattle, Boston, LA, DC, and more.

However, in more detailed Pearachute update research we found that the deal with Mark Cuban didn’t go through following the company’s appearance on Shark Tank. However, business is growing steadily.

Currently, Pearachute is estimated to be worth over $2 million and classes can be scheduled on their website. The feature even allows you to plan out children’s birthday parties and other special events. Another feature it has is letting parents choose different types of classes or even classes for different abilities.

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

Don’t forget to take a look at our Season 9 products page! We’ve got more company updates from Shark Tank Season 9.