AquaPaw Shark Tank Net Worth 2023
AquaPaw Shark Tank Net Worth
Aquapaw’s net worth before appearing on Shark Tank was 2 Million USD (business valuation), and the founders’ net worth is estimated to be 2 Million USD as of 2022.
Aquapaw, a pet bathing accessory founded by Tom Zipprian and Daniel Lentz, was featured on Shark Tank USA in January 2019. The company has since grown to an annual revenue of $4 million as of May 2022.
What is AquaPaw? Who founded AquaPaw?
AquaPaw is a company that offers a range of innovative pet washing gadgets and accessories designed to simplify bath time for pets and their owners.
The main product of AquaPaw is the Pet Bathing Tool, which is a wearable sprayer-scrubber attached to an 8-foot hose. This pet brush and bathing gadget in one can be used by connecting it to a garden hose.
The AquaPaw allows users to control the direction of the water and have it come out of the palm of their hand, making it easy to wash and scrub their dog effectively.
The inventor of AquaPaw, Daniel Lentz, who has been a dog owner his entire life, created the device after spending seven years as an industrial designer. He wanted to make dog bathing more efficient for dog owners.
After a successful Kickstarter campaign that raised $42,073, AquaPaw began manufacturing and shipping their product worldwide.
The product also received the Best in Show award at the Global Pet Expo, which increased its exposure and demand.
AquaPaw can be purchased for $25 on Amazon and the company’s website. They also offer a “slow treater” that pours dog goodies into the bath to help pets stay still during washing.
AquaPaw is now gradually being offered by major pet shops, and the founders decided to enter the Shark’s Tank to secure the necessary funds after observing the demand for their product.
AquaPaw Shark Tank Pitch
In season ten, episode ten of Shark Tank, Tom and Daniel appeared seeking $200,000 in funding in exchange for a 7.5% share of their company, which indicates a valuation of $2,666,666.67. During their presentation, they shared their story, pitched their product, and distributed samples.
The entrepreneurs have generated $200,000 in sales over a period of nine months, with each unit costing $5.25 and wholesaling for $12.50, but they believe that the cost can be reduced to $4.50 with increased production.
Their product retails for $24.99, and they have a pending patent. They also plan to expand their store in the future by adding a soap dispenser and other items.
Robert offered $200,000 for a 25% stake in the company, while Lori did not show interest in investing. Daymond, who was referred to as “Mr. Petco” by Lori, offered $200,000 for 30%, and Bethenny also offered $200,000 for 30%.
When the entrepreneurs asked Daymond and Bethenny if they would consider a joint venture for $200,000 for a 20% stake, they were insulted.
Robert was offended by his exclusion and decided not to invest. Bethenny later left the deal, and Daymond maintained his offer of $200,000 for a 30% stake, which the entrepreneurs declined. As a result, they left the show without an agreement.
AquaPaw has continued to operate profitably and sell its products on Amazon, Chewy, Petco, its own website, and other pet stores.
They have also developed a Treater Treat Dispenser Mat, which is a suction-based tray that can be used to entertain and groom dogs while teaching them. Both AquaPaw products have received excellent 5-star ratings on Amazon.
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The company is still operating as of June 2021, with yearly revenue of $4 million.
AquaPaw Net Worth
Tom and Daniel appear on Shark Tank season ten episode ten in search of $200,000 in exchange for a 7.5 percent stake in their firm. This indicates a value of $2,666,666.67. The current net worth is undisclosed.
AquaPaw Competitors
PetSpy, Furtrieve and Otterly pets are some of the companies that sells pet accessories and they competes with AquaPaw.
AquaPaw FAQS
What is AquaPaw?
AquaPaw is a product that simplifies bath time for both pet owners and their dogs.
Who is the founder of AquaPaw?
Daniel Lentz, the inventor of the AquaPaw, has been a dog owner his entire life.
How much was they seeking in the Shark Tank Pitch?
They were seeking $200,000 in exchange for a 7.5 percent stake in their firm.
Did AquaPaw get the deal from the Sharks?
They received multiple offers from sharks but ultimately decided not to take any deal
What is the price of AquaPaw?
The AquaPaw Pet Bathing costs $5.25 to make, wholesales for $12.50, and retails for $24.99
Where can they buy AquaPaw?
They can buy it from their website and Amazon.
What happened to AquaPaw?
Along with the AquaPaw Pet Bathing Tool, they offer the Slow Treater and the Equine Bathing Tool. The AquaPaw is still in business today, selling things on Amazon and through their online store.
How do they set up AquaPaw?
Attach the garden hose adapter to the garden hose or spigot using the screwdriver.
Completely engage the quick-connect at the end of the AquaPaw hose with the adaptor. They are prepared.
Is AquaPaw still in business?
As of June 2021, AquaPaw continues to be in operation with a yearly revenue of $4 million.
How much is AquaPaw on Amazon?
AquaPaw is available for $25 on Amazon.
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Where is AquaPaw made?
The AquaPaw are made in China.
Where can they buy AquaPaw?
They can buy it from their website and Amazon.
Where is AquaPaw based?
AquaPaw is based in San Francisco, California.
How does AquaPaw work?
The AquaPaw Bathing Tool is the world’s first wearable sprayer-scrubber that is activated and deactivated by simply forming a fist and pushing the revolutionary on/off button in the palm’s centre.
What is the phone number for AquaPaw?
AquaPaw may be reached at (540) 230-9368.
What is Aquapaw website?
AquaPaw website is www.aquapaw.com.
Aquapaw was founded in what year?
AquaPaw began operations in 2016.
What is net worth of Daniel Lentz?
Daniel Lentz’s net worth is unavailable.
Is AquaPaw patent?
The AquaPaw is patented.
How many reviews does Aquapaw have on Amazon?
It has an average rating of 4.6 stars out of 5.
Does AquaPaw have any social media presence?
Aquapaw has a Facebook page, Twitter account and Instagram account.
Is Aquapaw a private or a public company?
It is privately own company.
What materials is AquaPaw made of?
The scrubber is made entirely of FDA-grade silicone, which is powerful enough to scrape dense fur clean while being soft enough to be kind on more sensitive regions.
The strap conveniently adjusts to accommodate various hand sizes and comes with an 8-foot hose for ease of usage and great reach.
