In this article, we will look at the 5 most successful Shark Tank products ever in 2023. If you are interested in reading the details, head straight to the 20 Most Successful Shark Tank Products Ever In 2023.
5. Socks By Bombas
Total Number Of Sales Generated: $225 million
Bombas sells high-quality socks to customers. The founders, Randy Goldberg and David Heath, were motivated to donate one pair of socks to homeless shelters for every pair they sold after learning that socks were the most frequently requested item at such shelters. They exceeded their $15,000 goal through crowdsourcing to finance their commercialization. The founders of Bombas sought assistance from Shark Tank’s mentors to invest in 5% of the company, which currently only sells online, to help them expand into retail stores.
4. Cleaning Supplies By Scrub Daddy
Total Number Of Sales Generated: $225 million
Scrub Daddy was invented by Aaron Krause, who initially worked in the automobile business. He came up with the idea of a highly effective cleaning supply while cleaning his own home. In Season 4, Episode 7 of Shark Tank, he pitched the idea and received an offer from Lori Greiner for $100,000 in exchange for 10% ownership in the business. He accepted the offer and was able to retain 50% equity. Today, Scrub Daddy is valued at nearly $3 million and is one of Amazon.com, Inc. (NASDAQ:AMZN)’s top 300 best sellers. It is sold in over 30,000 retail locations across 17 countries, making it one of the most successful products out of Shark Tank.
3. Hoodies By Comfy
Total Number Of Sales Generated: $250 million
Comfy was inspired by a nephew wearing an oversized hoodie while lounging on the couch. The brothers behind Comfy had already launched a Kickstarter page when they realized they weren’t fully prepared to go live. Despite having no units manufactured or sold, Barbara Corcoran invested in them when they appeared on Shark Tank. Initially, she was still determining their viability with proof of success. However, she provided enough funding for production to begin and generate sales. Ultimately, they received a $50,000 investment for a 30% equity in the company.
2. Health Testing Kits By EverlyWell
Total Number Of Sales Generated: $300 million
The company EverlyWell provides at-home health testing kits for various diseases. Their testing kits are easy to use and only require a saliva or blood sample, which can be sent to the company’s laboratory team for review and processing using the provided package. They offer 35 different tests for various health issues.
The pitch made by Julia Cheek on Season 9, Episode 12 of Shark Tank requested a $1 million investment in exchange for a 5% equity in EverlyWell. However, Lori Greiner countered with an offer of $1 million for a larger share, valuing the company at an estimated $175 million. EverlyWell introduced a home swab for Covid-19 in 2020, which has since become one of Shark Tank’s top-rated products.
1. Ring Video Doorbell By Bot Home Automation, Inc.
Total Number Of Sales Generated: $611 million
Jamie Siminoff pitched his Ring Doorbells on Shark Tank, and Kevin O’Leary agreed to invest 10% in exchange for working together. Although other sharks declined the offer, the company has since generated over $415 million in sales and has continued to grow. After Amazon acquired the company, revenues have increased by at least two-fold. The product is a video doorbell that offers enhanced security and can be accessed through an app on any smartphone.
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