DetraPel Shark Tank Net Worth
DetraPel is a liquid repellent for clothing and shoes, and its founder David Zamarin appeared on Shark Tank in search of $200,000 for a 20% stake in his firm Mark Cuban and Lori Greiner both offered $200,000 for 25% of the company.
According to Detrapel’s net worth before appearing on Shark Tank was 1 million USD. However, it is unclear what his current net worth of Detrapel is after appearing on Shark Tank.
What is DetraPel and Who Founded DetraPel?
DetraPel is a remarkable spray that can repel water and stains from nearly any surface, including leather, wood, fabric, metal, glass, and stone. It can clean dirty shoes, and discolored sofa cushions, and even remove graffiti from stone walls without affecting the surface’s color.
The mastermind behind this product is David Zamarin, a Babson College alumnus with a degree in Business Administration and Management, who also studied at the University of Pennsylvania.
David founded DetraPel when he was just 15 years old in 2013, with the aim of developing new solutions to address the environmental and health issues caused by manufactured goods.
While attending chemistry classes in the evenings, he researched how DetraPel’s PFAS-free coatings could resist liquids and stains. His primary objective was to create an eco-friendly and safe product for consumers.
Despite only raising 6 percent of his $3000 goal on the crowdsourcing platform IndieGoGo, David’s determination paid off following the product’s successful launch. He expected annual revenues in the $300,000 range. However, to scale up production and expand the business, David needed investment and expertise.
David remains the CEO of DetraPel and has been named a Forbes’ 30 under 30 list candidate. He also provides motivational speeches, like many other successful CEOs.
DetraPel Shark Tank Pitch.
DetraPel is a simple-to-use, non-toxic spray that repels water and stains on various surfaces such as fabric, leather, wood, metal, glass, and stone. Its creator, David Zamarin, founded the company when he was only 15 years old in 2013, with a goal to develop environmentally friendly and risk-free products for consumers.
In 2017, David appeared on Shark Tank in search of $200,000 for a 20% stake in his company, which is valued at $1 million.
During his pitch, David demonstrated the effectiveness of DetraPel by spilling coffee and red wine on treated surfaces without leaving any stains. Sharks were impressed with his product and the fact that David had sold a shoe-cleaning company producing $25,000 per month for $150,000 to fund his start-up.
After receiving several offers, David agreed to a $200,000 investment with Mark Cuban and Lori Greiner in exchange for a 25% stake. The deal was completed, and following the initial air date, the company sold over 10,000 units and had a two-month backlog of orders.
DetraPel continued to source and produce its goods in the US and relocated to a 12,000-square-foot location in Framingham, Massachusetts, in February 2019.
When the COVID-19 pandemic hit, David converted 98% of his manufacturing capacity to disinfectants and hand sanitizers for local companies, hospitals, and first responders. DetraPel’s annual revenue grew to $5 million, and in December 2020, David was chosen for Forbes’ 30 Under 30 list.
As of June 2021, the company relocated to a larger, 40,000-square-foot building and employed 15 staff members, including chemists, with plans to expand its product line to include disinfectants and sanitizers.
Table Summarizing: Detrapel Shark Tank
| INFORMATION | DETAILS |
| Product | DetraPel |
| Founder | David Zamarin |
| Product Description | Liquid repellent for clothing and shoes that can repel water and stains from any surface |
| Net Worth before Shark Tank | $1 million USD |
| Shark Tank Ask | $200,000 for 20% stake |
| Sharks’ Offer | $200,000 for 25% stake (Mark Cuban and Lori Greiner) |
| Valuation | $800,000 |
| Competitors | Pittsburgh Paints, Unelko, nCoat, ECP, Nutech Paint, Sigma Paints, Protexion and Duracote |
| Updates | Moved to a 12,000 sq ft facility in Framingham, MA in Feb 2019, company’s annual revenue grew to $5 million during the COVID-19 pandemic, and as of June 2021, the company moved to a larger 40,000 sq ft building and employed 15 staff members with plans to expand its product line to include disinfectants and sanitizers. |
| Achievements | David named to Forbes’ 30 under 30 list in December 2020 |
Note: DetraPel’s current net worth after Shark Tank appearance is unclear.
DetraPel Net Worth
David is on Shark Tank in search of $200,000 for a 20% stake in his firm. This represents a $1,000,000 value. He accepted an offer from Mark Cuban and Lori that values their business at $800,000.
DetraPel Competitors
Top Competitors of DetraPel are as follows;
Pittsburgh Paints, Unelko, nCoat, ECP, Nutech Paint, Sigma Paints, Protexion and Duracote.
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Detrapel Shark Tank Updates
DetraPel is a cleaning spray that uses nanotechnology to repel stains. The company appeared on Shark Tank Season 9 and asked for $200,000 in exchange for 20% equity. The sharks Mark Cuban and Lori Greiner invested $200,000 for 25% equity.
DetraPel continues to source and manufacture its products in the USA and moved to a 12,000 square foot facility in Framingham, Massachusetts in February 2019. The company was doing $125,000 a month in sales when the Covid-19 pandemic hit.
DetraPel began shipping out orders two months after appearing on the show and became so popular that there was a two-month back-order on their site.
The company received a huge spike in traffic following Shark Tank, with at one point, they received 9,000 hits per day. There is no recent update on the company’s progress since then.
DetraPel FAQS
What Is Detrapel Shark Tank?
DetraPel is a liquid repellent spray that repels water and dirt from fabrics, shoes, and other surfaces. It was invented by David Zamarin in 2013 when he was just 16 years old.
DetraPel uses all eco-friendly ingredients and innovative nanotechnology to offer superhydrophobic sprays that are non-toxic and PFAS-free. In 2018, David Zamarin pitched DetraPel on Shark Tank Season 9, hoping to raise $200,000 in exchange for 20% equity.
During the pitch, David demonstrated how DetraPel could be used on a variety of accessories, clothing, and even shoes. The sharks were impressed and Mark Cuban and Lori Greiner invested $200,000 for 25% equity.
Since appearing on Shark Tank, DetraPel has become a successful business, with a high rating for its episode and a growing customer base.
DetraPel is committed to using safe and non-toxic ingredients and has zero PFAS, “forever chemicals” that are linked to negative health effects and are commonly used in other protectors.
How Does Detrapel Shark Tank Works?
DetraPel is a cleaning spray that repels water and dirt from fabrics using eco-friendly ingredients. The product was founded in 2013 by David Zamarin, who pitched it on Shark Tank in season 9.
During the pitch, David demonstrated how DetraPel could be used on a variety of accessories, clothing, and even shoes. The sharks were impressed, and Mark Cuban and Lori Greiner made a deal with David for $200,000 for 25% equity.
Although the investment ultimately didn’t work out, the show was a turning point for DetraPel, as it received a lot of publicity and inquiries from automotive companies and carpet and rug makers. DetraPel is non-toxic, eco-friendly, and safe for use around people and pets.
The product works in seconds, even on tough stains like red wine or grease. Learning how a partnership with each of the Sharks would specifically work to benefit the company is important.
What Happened To Detrapel After Shark Tank?
DetraPel is a liquid repellent spray that repels water and dirt from fabrics using eco-friendly ingredients. David Zamarin, the founder of DetraPel, pitched his product on Shark Tank Season 9, asking for $200,000 in exchange for 20% equity.
Mark Cuban and Lori Greiner invested $200,000 for 25% equity in the company. Two months after appearing on the show, DetraPel began to ship out their orders and became so popular that there was a two-month back-order on their site.
The company received a huge spike in traffic following Shark Tank, with at one point, they received 9,000 hits per day. DetraPel has become successful, with over 10,000 sales.
After operating out of First Round Capital’s offices, David moved the company to Boston and is running an office in Wellesley, Massachusetts. He also has a partnership with Babson College’s Entrepreneurship program. There is no information on any significant updates or changes to DetraPel after Shark Tank.
What Is The Current Valuation Of Detrapel Shark Tank?
DetraPel appeared on Shark Tank in January 2018 and received a $200,000 investment for 25% equity from Mark Cuban.The company’s current net worth is $13 million USD. DetraPel’s founder, David Zamarin, has a net worth of $9 million USD as of 2022.
Is Detrapel Shark Tank Still In Business?
Yes, DetraPel from Shark Tank is still in business. DetraPel continues to source and manufacture their products in the USA and moved to a 12,000 square foot facility in Framingham, Massachusetts in February 2019.
They were doing $125,000 a month in sales when the Covid-19 pandemic hit. DetraPel’s website also shows that they are still in business and offering non-toxic water and stain repellent treatments.
Additionally, DetraPel announced a rebranding and new HQ plans in April 2023, indicating that the company is still active.
Is DetraPel successful?
DetraPel has won several small business challenges and received proposals from four of the five Sharks on the television show Shark Tank since its inception.
The firm generates $120,000 a month in revenue and employs bright individuals who are assisting in propelling the company to new heights.
Is DetraPel safe?
Non-toxic and free of propellants. It is safe to spray in any confined space.
Where is DetraPel now?
Customers include carpet and furniture manufacturers. They continue to source and produce their goods in the United States.
They relocated to a 12,000-square-foot location in Framingham, Massachusetts, in February 2019. When the Covid-19 epidemic struck, they were making $125,000 in sales each month.
Did DetraPel get a deal on Shark Tank?
DetraPel, a BostInno – Babson start-up, receives $200,000 for a 25% stake in Shark Tank from Mark and Lori.
Does DetraPel work on leather?
It is free of hazardous fluorochemicals / PFAS and works on a variety of materials like leather, canvas, cotton, polyester, and others.
To protect their favourite fashion items, use DetraPel Bag & Accessories Protector.
What exactly is DetraPel?
DetraPel is a non-toxic spray that repels water and stains on practically any surface, including fabric, leather, wood, metal, glass, and stone.
It cleans dirty shoes, discoloured sofa cushions, and even graffiti off a stone wall without changing the colour of the surface.
Does DetraPel work on suede?
Without a doubt. DetraPel Suede & Nubuck Protector may be used on any suede surface.
How do they open DetraPel?
Please follow these steps to open their bottle:
Remove the shrink sleeve made of plastic.
Take off the transparent cap.
Press on the trigger’s lowest slanted edge until you hear a *click*.
What does DetraPel look like?
Each bottle contains six ounces of the protective spray. It looks like a plastic bottle with an angled nozzle at one end and a trigger at the other end.
Is there an expiration date for DetraPel?
Their products have a shelf life of 2 years. At this time, they are working on implementing the expiration dates to the label
How much does DetraPel cost?
One unit costs $1.14 to produce and costs $12.99 to sell.
Where can they buy DetraPel?
They can purchase DetraPel at any of the retailer stores like Amazon and Target.
What are the weaknesses of DetraPel?
The weakest aspect of the product is that it takes some time for orders to be filled. Customers should be aware of this when placing their order.
Is DetraPel waterproof?
Yes, it is 100% waterproof and suitable for use on a wide range of surfaces, including leather furniture, sneakers, clothing and carpets.
What are the strengths of DetraPel?
The product is non-toxic and free of fluorochemicals, a major factor behind the popularity of the product.
DetraPel repels water, keeping clothes and surfaces dry, which makes it ideal for use in kitchens, bathrooms and laundry rooms.
Is DetraPel a private or public Company?
The DetraPel Company is incorporated in the state of Massachusetts and is a privately held company.
Does DetraPel ship internationally?
Yes, they ship all over the world.
Is DetraPel FDA approved?
Yes, it is not approved by the United States Food and Drug Administration (FDA).
What is the net worth of David Zamarin?
There is no Update about his worth.
