The Kombucha Shop Update | Shark Tank Season 10

Kate Field came into Shark Tank to help scale her company known as The Kombucha Shop. Since she was looking for some guidance and assistance from a shark, we’ll see if she was able to earn a deal before we look at our special Kombucha Shop update. She came into the tank asking for $350,000 while offering 10% equity. Let’s see what happened!

Shark Tank The Kombucha Shop Update

The Shark Tank Kombucha Shop Update

  • Entrepreneurs: Kate Field
  • Business: Kombucha tea
  • Ask: $350,000 for 10% equity
  • Result: $200,000 cash + $150,000 line of credit for 10% equity
  • Sharks: Barbara Corcoran and Sara Blakely

Kevin O’Leary was the first shark to make a comment about the company’s asking valuation. He simply couldn’t see himself investing at that valuation, so he ultimately dropped out after hearing about the company’s financial history. Lori Greiner also wasn’t interested, so she dropped out as well.

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Even though the company had more than $3 million in lifetime sales, several of the sharks were worried about making this investment. Since Kate was seeking a strategic partner, she truly wanted someone who respected her business.

After some tough negotiations took place during this pitch for The Kombucha Shop, Sara Blakely and Barbara Corcoran ultimately offered $200,000 dollars in cash in exchange for 10% equity, plus they would offer the company an additional $150,000 dollars as a line of credit. After taking some time to consider the offer, Kate Field decided to accept the offer from Barbara and Sara.

Let’s get a Kombucha Shop update to see whether or not the company was able to grow in the months and years following its debut on Shark Tank. Sadly, it appears that the deal with Barbara and Sara was never finalized on paper. The good news is that the free publicity from appearing on Shark Tank Season 10 seems to have given the company a boost in the right direction. The company’s financial targets are higher than $2 million for the 2022 calendar year.

You can find the other company updates from Season 10 Episode 5 here:

Don’t forget to take a look at our Season 10 products page! We’ve got more company updates from Shark Tank Season 10.