Detrapel, a stain repellent company founded by David Zamarin in 2013, appeared on Season 9 of Shark Tank. The sharks were impressed by the product’s capabilities and its young founder, who was only 19 years old at the time. Detrapel had solid financials, with projected sales of $300,000 to $350,000 by the end of the year. The company primarily sold its products to establishments selling furniture and carpets. Despite concerns about patenting and safety, Mark Cuban and Lori Greiner made a deal with Zamarin, offering $200,000 for 25% equity.
Key Takeaways:
- Detrapel, a stain repellent company founded by David Zamarin, appeared on Shark Tank and secured a deal with Mark Cuban and Lori Greiner.
- Detrapel had projected sales of $300,000 to $350,000 by the end of the year.
- The company primarily sold its products to establishments selling furniture and carpets.
- Mark Cuban and Lori Greiner offered $200,000 for 25% equity in Detrapel.
- Detrapel’s success story demonstrates the potential for young entrepreneurs on Shark Tank.
Detrapel’s Rise in Net Worth and Annual Sales
In the years following their appearance on Shark Tank, Detrapel has experienced remarkable growth in both their net worth and annual sales. As of October 2023, the company’s net worth stands at an impressive $9 million, a testament to their success in the market.
Since their appearance on the show in 2018, Detrapel has consistently increased their annual sales revenue. Currently, their annual sales have reached $540,000, reflecting the growing demand for their innovative stain repellent and disinfectant products.
Detrapel’s journey from an initial valuation of $800,000 to a net worth of $9 million highlights their ability to adapt and expand in the competitive business landscape. The company has doubled its headcount and tripled its footprint in recent years, further strengthening their position in the market. Additionally, Detrapel has expanded its product line to include PFAS-free liquid repellents and disinfectants, catering to a wider range of customer needs.
The Growth of Detrapel’s Net Worth and Annual Sales
| Year | Net Worth | Annual Sales |
|---|---|---|
| 2018 | $800,000 | $300,000 |
| 2019 | $2 million | $400,000 |
| 2020 | $4.5 million | $500,000 |
| 2021 | $6.5 million | $520,000 |
| 2022 | $8 million | $530,000 |
| 2023 (October) | $9 million | $540,000 |
Detrapel’s consistent growth in net worth and annual sales is a testament to the efficacy and popularity of their products. With a strong foundation and a commitment to innovation, the company is well-positioned for future success in the stain repellent industry.
Detrapel’s Shark Tank Pitch and Investor Deals
When Detrapel appeared on Season 9, Episode 15 of Shark Tank, I was excited to showcase our innovative stain repellent products to the world. As the founder of Detrapel, I presented our company’s vision and asked for a $200,000 investment in exchange for a 20% equity stake in the business.
During my pitch, I demonstrated the effectiveness of our stain repellent technology, highlighting its potential in various industries such as furniture and carpets. The sharks were intrigued by the product’s capabilities and recognized its market potential. Mark Cuban and Lori Greiner were particularly impressed and made an offer of $200,000 for a 25% equity stake in Detrapel.
After careful consideration, I decided to accept Mark and Lori’s deal. I was drawn to Mark’s expertise in the nano space, which aligned perfectly with our product’s technology. Additionally, Lori’s sales abilities and extensive network were invaluable to our growth strategy. Their investment and support have been instrumental in propelling Detrapel toward success.
The Offer from Mark Cuban and Lori Greiner:
| Investor | Offer | Equity Stake |
|---|---|---|
| Mark Cuban | $200,000 | 25% |
| Lori Greiner | $200,000 | 25% |
Joining forces with Mark and Lori has been a game-changer for Detrapel. Their guidance and support have helped us navigate the competitive business landscape and accelerate our growth. With their backing, we have expanded our product line, obtained FDA approval, and experienced significant sales growth, even amidst the challenges posed by the global pandemic.
Detrapel’s success story on Shark Tank is a testament to the power of innovation, determination, and strategic partnerships. We are committed to delivering high-quality stain repellent and disinfectant products that meet the needs of our customers. As we continue to build on our achievements, we look forward to providing cutting-edge solutions that protect and enhance the lives of individuals and businesses alike.
Detrapel’s Key Accomplishments and Future Success
Detrapel’s success story is a testament to the determination and innovation of its founder, David Zamarin. Starting the company at the young age of 15, Zamarin’s vision has propelled Detrapel to new heights.
One of the key factors in Detrapel’s success is its diverse range of products. From stain repellents to disinfectants, Detrapel has expanded its product line to meet the diverse needs of its customers. This expansion has not only increased sales but also garnered positive reviews from satisfied customers.
Detrapel’s sales have seen steady growth, and the company has achieved remarkable milestones along the way. Despite the challenges posed by the global pandemic, Detrapel experienced increased sales as consumers recognized the importance of protection from stains and germs. Additionally, the company’s products have obtained FDA approval, further enhancing its reputation and credibility.
Looking to the future, Detrapel’s prospects are promising. With continued growth and a commitment to developing innovative solutions, Detrapel is well-positioned to build on its success. Whether it’s protecting furniture, carpets, or personal belongings, Detrapel’s products provide peace of mind to consumers seeking reliable stain and germ protection.
FAQ
When was Detrapel founded?
Detrapel was founded by David Zamarin in 2013.
What happened when Detrapel appeared on Shark Tank?
The sharks were impressed by Detrapel’s capabilities and founder David Zamarin, and a deal was made with Mark Cuban and Lori Greiner.
What was the deal made on Shark Tank?
Mark Cuban and Lori Greiner offered $200,000 for 25% equity in Detrapel.
What is Detrapel’s net worth as of October 2023?
Detrapel’s net worth is $9 million.
How has Detrapel’s sales revenue grown since appearing on Shark Tank?
Detrapel’s annual sales revenue has reached $540,000.
What products does Detrapel offer?
Detrapel offers PFAS-free liquid repellent and disinfectant products, including stain removers.
Has Detrapel obtained FDA approval?
Yes, Detrapel has obtained FDA approval for their products.
How has Detrapel expanded in recent years?
Detrapel has expanded its product line, doubled its headcount, and tripled its footprint.
How old was David Zamarin when he started Detrapel?
David Zamarin started Detrapel at the age of 15.
What milestones has Detrapel achieved?
Detrapel has achieved milestones such as expanding its product line, securing a deal on Shark Tank, and experiencing increased sales during the global pandemic.
What is the future outlook for Detrapel?
Detrapel’s future looks promising, with continued growth and a range of products that appeal to consumers looking for protection from stains and germs.