Petrol Update | Shark Tank Season 9
Petrol was pitched on
Shark Tank 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
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