During Season 9 of
Kat was asking for $400,000 in exchange for just 5% equity, which implied that her company was worth $8 million dollars. Let’s see if the sharks are willing to invest before we give you a modern day Stasher update.
Shark Tank Stasher Update
- Entrepreneurs: Kat Nouri
- Business: Food Accessory
- Ask: $400,000 for 5% equity
- Result: $400,000 for 15% equity
- Sharks: Mark Cuban
The bags are patented by their unique closing mechanism on the top of the silicone food storage bags. In addition, Kat told the sharks that the bags can be used in the microwave or for storage purposes.
Depending on the specific size of the bag, Kat has listed her products at prices between $9.99 and $19.99. While some of her competitor’s brands are admittedly cheaper, Kat told the sharks that she believes her product is more convenient and effective than most of the other rival brands already listed on the market.
Kat impressed the sharks when she told them that her company had already generated more than $1.5 million dollars in sales during the first year of operation. Those sales could be enough to convince the sharks to invest in a valuation that is implied to be at $8 million by Kat and her company. About half of the company’s sales are from e-commerce from its website.
Some of the sharks seemed interested, but Robert Herjavec wasn’t one of them. Robert was the first shark to drop out without making an offer to Kat. Barbara Corcoran had a few concerns about the packaging and dropped out as well. Mark Cuban offered $400,000 dollars in exchange for 15% equity and Kat accepted. Now, let’s get a Stasher update to see how the company has been doing since being featured on Season 9.
Mark Cuban never finalized the agreement with the Stasher company and an acquisition of the company took place in 2019. The company now has new management and leadership and is expected to generate more than $8 million in gross revenue during the next calendar year.
You can find the other company updates from Season 9 Episode 15 here:
Don’t forget to take a look at our Season 9 products page! We’ve got more company updates from