Recharj Update | Shark Tank Season 9

ByAndrew Smith

Busy people often struggle to find quiet spaces for naps or meditation, leading to increased stress and decreased well-being. To address this issue, Daniel Turissini created Recharj, a studio offering power naps and meditation sessions designed to help people recharge and improve their health. Now, he is seeking an investment to expand these benefits to new markets. Were the sharks interested in this business? Let’s find out in our Recharj update and pitch recap.

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

Daniel Turissini entered Shark Tank Season 9, seeking $75,000 for 15% equity in his meditation studio business. After his pitch, none of the sharks were convinced about the scalability of his invention, so he left the tank without a deal.

In terms of a Recharj update, our research found that the company is no longer in business, and Daniel Turissini has since moved on to a new venture.

SharkResult
Robert HerjavecNo offer
Rohan OzaNo offer
Lori GreinerNo offer
Mark CubanNo offer
Barbara CorcoranNo offer

Shark Tank Recharj Pitch

Recharj Update
  • Entrepreneurs: Daniel Turissini
  • Business: A studio for power naps and recharging
  • Ask: $75,000 for 15% equity
  • Result: No deal
  • Sharks: None

Daniel Turissini entered Shark Tank hoping to secure an investment for Recharj, his meditation studio idea.

He identified a growing need for busy people to find moments of peace and focus. Therefore, he believed Recharj’s unique blend of classes and power naps could meet this need.

Recharj is a meditation studio that caters to busy individuals seeking stress relief and improved well-being through mindfulness practices.

Additionally, the studio offers guided meditation classes suitable for all experience levels, from beginners to those looking to deepen their existing practice.

Within the studio’s calm atmosphere, participants are introduced to meditation techniques that aim to reduce stress, enhance focus, and improve sleep quality.

These benefits can contribute to a healthier lifestyle and potentially lower blood pressure.

Recharj positions itself as a solution for busy people who need a moment to recharge and improve their overall productivity.

The studio offers both group classes and private sessions to best suit individual needs. Customers can easily book Recharj’s services through an online platform.

Upon arrival, customers are immediately escorted to their napping studio. A single power nap costs $9 and lasts for approximately 25 minutes.

Daniel explained to the sharks that he had invested a total of $300,000 in the business, with $158,000 coming from a small business loan. Consequently, he expects to break even in 2017.

Recharj’s primary napping studio is located in Washington, D.C., and it can accommodate around a dozen people at a time. 

As negotiations progressed, the sharks became concerned about this limited capacity.

All sheets are sprayed with disinfectant between uses and washed daily.

Since Daniel still has a full-time job, a yoga and meditation specialist manages day-to-day operations. Additionally, about 40 specialists teach classes and conduct corporate events.

Mark Cuban interrupted Daniel’s presentation to express his concerns about the financial numbers, stating that they didn’t make sense. He decided to drop out of the deal.

Guest shark Rohan Oza said the investment cost was too high for the expected return, so he’s also out.

Robert Herjavec didn’t think people had time to leave their jobs for a nap, so he exited the deal.

Next, Lori Greiner said it wasn’t the right investment for her, and she’s out.

Barbara Corcoran said she didn’t believe the business would be profitable and dropped out.  

Ultimately, Daniel left Shark Tank without securing a deal.

Let’s find out where the company stands now in our Recharj update.

Shark Tank Recharj Update

Our Recharj update found that the company is no longer in business.

Shortly after airing, Daniel shifted his focus to offering meditation sessions and corporate events, including on-site sessions for entire companies or buildings.

The 2020 pandemic presented a significant challenge, forcing Daniel to shut down the physical studio to prioritize health concerns. 

To maintain continuity, Recharj pivoted to virtual meditation sessions. By June 2021, our Recharj update found that the physical studio’s closure became permanent. 

During the pandemic, Recharj continued to offer private sessions and expanded its work with government contracts and corporate clients.

However, by May 2022, the Recharj website had become inactive, and social media updates had ceased. 

In August 2022, Daniel officially shut down Recharj. After shutting down the business, he went on to become a managing partner at Synergy Federal Services.

Sadly, it looks like this will be our final Recharj update.

You can find the other company updates from Season 9, Episode 15 here:

Before you go, be sure to check out our Shark Tank Season 9 page for more updates!

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Andrew is a lifelong fan of Shark Tank and an entrepreneur at heart. He started Shark Tank Recap because he wanted a single place to track what happens to the companies, founders, and deals after they air on TV. With a sharp eye for business insights and a passion for all things Shark Tank, Andrew makes sure every recap is accurate, engaging, and fun.