Goverre Spill-Proof Wine Glass Update | Shark Tank Season 8

It’s very rare in Shark Tank for multiple sharks to team up together on a deal. This is exactly what happened when Regan Kelaher and Shannon Zappala pitched their company, Goverre. They asked for $200,000 for 13% equity, and the two ultimately walked away with $200,000 for 33.3% from Mark Cuban, Lori Greiner, and Robert Herjavec. We’ll talk more about how this happened during the Shark Tank Season 8 pitch in our Goverre update.

Shark Tank Goverre Update

• Entrepreneur: Regan Kelaher and Shannon Zappala
• Business: Modern and portable wine glasses
• Ask: $200,000 for 13% equity
• Result: $200,000 for 33.3% equity
• Shark: Mark Cuban, Lori Greiner, and Robert Herjavec

Regan Kelaher and Shannon Zappala entered the Shark Tank to pitch their business, Goverre. It aims to solve the glaring lack of portable wine glasses on the market. The entrepreneurs developed a portable wine glass made out of white soda-lime glass with twice the thickness of normal wine glasses. In addition to this, the portable wine glass comes with a lid, silicone grip sleeve, and enough volume to hold half a bottle of wine (or around 17oz).

GOVERRE: Stemless Champagne Glass, Silicone Sleeve. (Perfect for Bubbly, Wedding, Toasts, Engagement, Hostess, Birthday Party), (Coral & Mango) Set of 2

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At the time of their presentation, Regan and Shannon had done $384,000 in sales and netted $134,000 in profits before they took a salary.

Overall, Regan and Shannon did an excellent job explaining their product, its value proposition, and why it’s worth investing. The shark’s interest was also reflective of that. Daymond John was the only one to go out but it was only because the wine industry wasn’t his space.

After he went out, the four sharks that were left went into a bidding war. Kevin O’Leary was the first to make an offer of $200,000 for 33.3% equity, which the two initially tried to counter with 15%. After this, Robert Herjavec offered to go in on a deal with Mark Cuban and Lori Greiner for the same offer as Kevin made. Although the pair of entrepreneurs tried to counter at 25%, the sharks wouldn’t budge. They ultimately shook hands at $200,000 for 33.3%.

As for our Goverre update, you’d be glad to know that it is still in business. In fact, in 2019, Goverre introduced a new version of their wine glass that was thinner and lighter with a silicone sleeve with varietal-specific graphics. Goverre is now being sold in dozens of stores all across the United States and even in Canada.

Check out our other updates from Season 8 Episode 22 here:

• See Rescue Streamer Update
• BootyQueen Apparel Update
• Loctote Industrial Bag, Co. Update

Before you go, don’t forget to stop by our Season 8 products page for more Season 8 company updates.