Shark Tank DrainWig Update | Shark Tank Season 9

Jennifer and Gifford Briggs invented the Drain Wig to address the common problem of clogged drains caused by hair. Their solution is a disposable chain that traps hair, eliminating the need for messy cleaning and harsh chemicals. They seek an investment to expand the product’s reach beyond online sales and into mass retail outlets. Will the sharks feel like this hairy problem has a market? Let’s see in this DrainWig update and pitch recap.

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

Jennifer and Gifford Briggs entered the Shark Tank Season 9 seeking $300,000 for 5% equity. After a compelling pitch about their invention and its origins, they received three offers from the sharks. Ultimately, they made a deal with Kevin O’Leary for $300,000 for 15% equity.

In terms of a DrainWig update, the company has become a major success story since appearing on Shark Tank, growing to over $1 million in annual revenue. Their products are now widely available in major online retail stores. 

Shark	Result
Kevin O’ Leary	Accepted offer of $300,000 for 15% equity
Lori Greiner	$300,000 for 25% equity
Daymond John	$300,000 for 20% equity
Sarah Blakley	No offer
Mark Cuban	No offer

Shark Tank DrainWig Pitch

• Entrepreneurs: Jennifer and Gifford Briggs
• Business: Hair trap for shower/ tub drain
• Ask: $300,000 for 5% equity
• Result: $300,000 for 15% equity
• Shark: Kevin O’Leary

Jennifer and Gifford, along with their daughters, begin their pitch by sharing the story of how DrainWig came to be and how their daughters played a crucial role in its creation.

Jennifer explained that the DrainWig was created to provide a more hygienic and environmentally friendly solution to the common problem of clogged drains caused by hair.

They aimed to eliminate the need for harsh chemical cleaners and the unpleasant task of manually removing hair from drains. 

She elaborated that most traditional solutions for clogged drains involve inserting a specialized tool and then manually removing the trapped hair, which can be messy and unpleasant. 

In contrast, the DrainWig offers a simpler and more hygienic approach. It functions as a chain that sits inside the drain, effectively capturing loose hair before it can form a clog. 

When the drain flow starts to slow, the chain can be easily pulled out, removing the hair and eliminating the need for further cleaning or harsh chemicals. 

She emphasized the DrainWig’s convenience and hygiene. Unlike traditional methods that require handling messy clogs, DrainWig is disposable, allowing users to simply pull it out and throw it away, eliminating the need to touch the trapped hair.

Additionally, it avoids the use of harsh chemical drain cleaners, offering a more environmentally friendly solution. 

Furthermore, DrainWig is very affordable. A pack of four costs only $19.95, and one pack will last most families a year. 

Currently, the patented product is available for purchase online and comes with a full guarantee. 

So far, the Briggs family has achieved significant success selling DrainWig through infomercials, demonstrating strong market demand for their product. 

However, to reach a wider audience and maximize their potential, they are seeking the sharks’ expertise and investment to secure placement in major retail stores.

Daymond John wants to know about the company’s numbers and key metrics. 

They revealed that DrainWig has a very healthy profit margin. It costs only $1.10 to manufacture and sells for $9.99.

Additionally, the product has achieved impressive market penetration, currently being available in “all big box stores.” This is further evidenced by their impressive total sales to date, reaching $14.2 million, which gets the shark’s attention. 

However, despite the strong sales figures, the family has only received $800,000 in royalties due to an unfavorable deal they made with an infomercial company. 

Recognizing this, they have taken control of the situation by buying out everyone involved and now own 100% of the business, poised for future growth and profitability. 

Mark Cuban said he was not interested and did not want to reinvent the wheel, so he’s out. 

Kevin O’Leary made an offer of $300,000 for a 20% equity. 

Guest shark Sara Blakely says they are better off doing the business on their own terms, so she exits the deal. 

Daymond John offered the family $300,000 for 20%, followed by an offer from Lori Greiner for $300,000 for 25% equity.

The Briggs family countered with $300,000 for 10% equity, which the sharks largely ignored. They then revised their offer to 15%, highlighting the product’s potential in hotels.

As Daymond began to speak, Kevin interjected and quickly accepted the deal. 

Now, let’s take a look at our DrainWig update to see how things eventually turned out. 

Shark Tank DrainWig Update

Based on our research, the deal with Kevin O’Leary eventually closed, and DrainWig became a major success story. 

The product remains widely available in major retailers like Amazon, Bed Bath & Beyond, and Wal-Mart, demonstrating its continued market presence. 

The Briggs family has expanded their product line beyond the original flower design, offering additional styles and even a specific version for bathtubs.

In 2014, DrainWig was included in the Oscar nominee swag bag!

During our DrainWig update research, we found that they have successfully exited their unfavorable infomercial deal and are now generating healthy profits.

DrainWig continues to grow and has easily surpassed over $1 million in annual revenue. Further, they sell over 1,000 units a month on Amazon alone.

We can call this DrainWig update a success and cannot wait to watch the company continue to grow.

For more Season 9 Episode 6 updates, check the links below.

• Brazyn Life Update
• Father Figure Update
• Novel Effect Update

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