Kalaii Griffin II came onto
Shark Tank Shred Skinz Update
- Entrepreneurs: Kalaii Griffin II
- Business: Fitness/Workout Sauna Suit
- Ask: $60,000 for 20% equity
- Result: $60,000 for 20% equity
- Sharks: Mark Cuban
Some of the sharks were impressed with the product that Shred Skinz had created, but some of them were not yet confident in whether the product would actually sell to customers. This is where a shift from the concept of the product occurred and the sharks wanted to hear about concrete financial numbers.
Kalaii explained his company’s sales numbers over the last three years and was excited to express that his current projections for the 2022 calendar year showed sales growth of more than $250,000 in gross revenue.
Kevin O’Leary didn’t see any way for him to invest or get his money back, so he dropped out without making an offer. Lori Greiner admitted that she couldn’t provide value, and dropped out as well.
Guest shark Daniel Lubetzky loved Kalaii and thought that he could help the business, and offered exactly $60,000 for 20%. Mark Cuban jumped in at the last moment and also made the offer that Daniel had previously stated. For the record, both offers were exactly what Kalaii was seeking when he came onto the show.
Kalaii ultimately decided to accept Mark Cuban’s deal. Let’s jump ahead and get a Shred Skinz update to see how the company is doing now that the
Shred Skinz reached an entirely new audience in the hours after
Only time will tell how much Mark Cuban is able to help the business, but it seems Kalaii is off to a great start. You can learn more about it on the official website.
We will let you know when we get another Shred Skinz update!
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Jeremy is a regular contributor at Shark Tank recap. He has a ton of passion for the show and enjoys researching information about what all the companies are up to now. His favorite Shark Tank companies are The Cookie Dough Cafe and Kronos Golf!