Most Successful Shark Tank Products

Since its debut in 2009, the reality show Shark Tank has seen a lot of innovative startup ideas turn into successful businesses.  The reality show is based on a concept where aspiring entrepreneurs present their business ideas to a panel of investors and convince them to invest in their startups.  Of these numerous business ideas, there are certain products which became massively successful over time. Here are 6 such products which had their beginning from Shark Tank.

Most successful Shark Tank products

1) Scrub Daddy

Invented by Aaron Krause, Scrub Daddy is a cleaning tools company, best known for its sponge, also called Scrub Daddy.  The sponge is made up of strong “hi-tech polymers” and changes its texture according to the water temperature. Founded in 2012, it is the most successful Shark Tank product yet.   On Shark Tank, Krause made a deal with one of the panelists Lori Greiner for $ 200,000 in return for 20 % equity stake in Greiner’s name in the Company.  The following day, they went on to sell almost 42,000 sponges in just under 7 minutes. The company Scrub Daddy has been growing ever since and is now valued at $ 170 million.

2) Simple Sugars

Simple Sugars is an all natural skincare brand, founded by Lani Lazzari when she was only 10 years old.  Lazzari appeared on season 4 of Shark Tank in 2013 and successfully pitched her company to investor Mark Cuban, who made an offer of $ 100,000 for a 33 % stake in the Company.  The Company’s sales went up to $ 220,000, just 24 hours after its launch and reached $ 1 million just after six weeks.  Now, the Company has grown to become a $ 10 million business.

3) Tipsy Elves

Co founders Evan Mendelsohn and Nick Morton successfully pitched their company Tipsy Elves during a season 4 episode of Shark Tank to investor Robert Herjavec.  Herjavec offered the duo $ 100,000 for a 10 % stake in the Company.  The Company’s sales skyrocketed to $ 12 million in 2014. Since then, the Company sold over $ 70 million worth of its products.  Herjavec once stated Tipsy Elves was the best performing investment out of all his Shark Tank investments.

4) Bombas

Bombas is a sock manufacturing company founded by Randy Goldberg and David Heath and follows a one for one business model, where the Company donates one pair of socks to homeless people for every pair sold.  Goldberg and Heath appeared on Shark Tank in 2014 and received funding of $ 200,000 from investor Daymond John for a 17.5 % stake in the Company.  Bombas made $ 50 million in sales in 2017 and donated almost 7 million socks to homeless people.

5) ReadeREST

Founded by Rick Hopper, ReadeREST sells magnetic eyeglass holders, patented by Hopper.  Hopper appeared on season 3 of Shark Tank and pitched his company successfully to investor Lori Greiner for $ 150,000 for a 65 % equity in Greiner’s name.  Made as a replacement for glass straps, ReadeREST has made over $ 27 million in sales and grabbed shelf spaces with retailers like Walmart.

The journey of these products and their founder to success is quite inspirational and interesting as they turned a small idea into a success story.

The success story of which of these products impressed you the most?  Comment below and let us know.