Snarky Tea Update | Shark Tank Season 9
A popular beverage with an attitude, Snarky Tea, helps you keep it real. Do you need tea to go to bed, hype you up, or just calm you down? Snarky Tea has the solution for you. Do the sharks need a kick in the rear to get going? Let’s see if they are all in for this product in this Snarky Tea update.
Shark Tank Snarky Tea Update
- Entrepreneur: Jenni-Lyn Williams
- Business: Tea that keeps it real to address everyday problems for women
- Ask: $150,000 for 25% equity
- Result: $150,000 for 50% equity
- Shark: Kevin O’Leary and Bethenny Frankel
At the time of its
The sharks have had a lot of pushback with Jenni-Lyn only going after half of the market, as she is only trying to sell her teas to women. She explained that women are the ones who buy tea in the household, but not all sharks agree.
Lori Greiner saw this as more of a niche product, so she dropped out. Robert Herjavec thought the product was too edgy for him and dropped out as well.
Mark Cuban thought Amazon would be too big of a competitor that would crush Snarky Tea. This made him drop out. Kevin O’Leary thought he really could help this company out with his customer connections.
Kevin offered $150,000 for 50%. Guest shark, Bethenny Frankel, matched Kevin’s offer. Jenni-Lyn asked if the two sharks would partner. They said they would and Jenni-Lyn countered with $150,000 for 42%, but they declined.
Then she came back with $150,000 for 49%. Eventually this lead to a deal with the two sharks for $150,000 for 50% of the business.
At the time of this Snarky Tea update, the company is still in business and has many different tea items available on its website. Products include detox kits, samplers packs, cold brew teas, and more.
You can also find a wellness blog on the website as well. You may purchase tea all the way from a packet for one serving at $3.50 or a larger bag for 15 servings at $14.99.
Products are still available on Amazon as well. The current annual revenue for the company is around $1 million. We are so happy to report a successful Snarky Tea update!
You can find the other company updates from Season 9 here:
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Andrew Smith is the founder and owner of Shark Tank Recap. He is a longtime Shark Tank fan that has been watching it for years and has seen every episode multiple times. His friends know him as the Shark Tank expert, because he can answer any question about the show! His favorite Shark Tank products are Bertello's pizza oven and Bug Bite Thing!