Petrol Update

Petrol Update | Shark Tank Season 9

Petrol was pitched on Shark Tank Season 9. Founders Julie Yenichek and Ryan Huyghe came to the Shark Tank seeking $150,000 for a 20% stake in their beverage brand for dogs, Petrol. The duo implied that their company was with $750,000, but were they able to get a deal? Let’s go through a pitch recap before our Petrol update.

Shark Tank Petrol Update

Petrol Update

  • Entrepreneurs: Ryan Huyghe and Julie Yenichek
  • Business: Beverage for Dogs
  • Ask: $150,000 for 20% equity
  • Result: No deal
  • Sharks: None

Petrol’s filtered water for dogs is designed with important nutritional vitamins that can benefit a dog’s immune system. Customers can purchase a pack of four for around $17. Ryan and Julie had managed to hit $20,000 in sales during the 2016 calendar year.

Ryan and Julie could not easily defend their lack of sales, and Barbara Corcoran and guest shark Rohan Oza decided to drop out fairly quickly.

The other sharks continued to debate the valuation and sales numbers. However, margins weren’t great and the company’s sales numbers were dismal, which would make it challenging to convince the sharks to invest in the company.

Sadly, all of the remaining sharks could not convince themselves to invest in Petrol because they didn’t believe there was enough demand for this type of pet product. As evidence for their opinions, they cited the company’s lack of sales and the fact that Petrol had not operated consistently since it launched.

After leaving without a deal, let’s have a look at a Petrol update to see what Ryan and Julie are up to now.

Sadly, our Petrol update research revealed that the company shut down in January 2019.

As the sharks expected, the company ran out of money and didn’t have many options remaining after failing to secure a deal on Shark Tank.

This will be our final Petrol update.

You can find the other company updates from Season 9 Episode 21 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.

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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!