FryAway Shark Tank Net Worth-What Happen To FryAway The Shark Tank Pitch?
What Is A FryAway? Who Is The Founder Of FryAway?
FryAway is a 100% plant-based, non-toxic powder that magically solidifies used cooking oil for easy and safe disposal in household trash.
FryAway is made of natural plant-based fats, such as stearic acid, which is found in animal and vegetable fats.
It comes premeasured in separate packages within the bag, with each package designed for either pan-frying or deep-frying. FryAway can be purchased online for around $9 per package, which is enough for four uses. Laura Lady is the founder and CEO of FryAway.
What Happen To FryAway At The Shark Tank Pitch?
Yair eagerly enters the Tank, looking to get $250,000 for 10% of his company. He begins with a detailed demonstration of his product, leaving the Sharks impressed and interested in what he has to offer.
As a gesture of goodwill, Yair passes around samples and a glass of wine to each Shark – a move which appears to further enhance their interest in investing.
Laura Lady, the founder of FryAway, secured a deal with Mark Cuban and Lori Greiner on Shark Tank. She received an offer of $250,000 for 22% of her company from Sharks.
Cuban asked if he could partner on that offer but wanted to split 25% of FryAway instead of 20%. Lady was interested in having two Sharks invest in her company and negotiated the equity down to 22%, and the deal was struck.
While Laura’s pitch impressed Cuban and Greiner, some Shark Tank fans called out FryAway’s solidifying cooking oil pitch as a “ripoff from Japan” and dubbed it a “hard sell”. However, despite mixed reactions from viewers, Lady successfully secured a deal with two Sharks on the show.
What Happen To FryAway After The Shark Tank Pitch?
Since appearing on Shark Tank, FryAway has earned over $700,000 and become cash-flow positive. The product is now available at 1180+ Walmart, Kroger & More supermarket chain stores along with Amazon. FryAway has also been featured in various media outlets such as Good Morning America and the Today Show.
As of January 2023, the product seems to be thriving as a business and has garnered much support. However, there is no information available on the net worth or revenues of FryAway since appearing on Shark Tank.
Additionally, mentions that FryAway comes in three varieties and has a jelly-like appearance and feel after converting cooking oil to solid.
FryAway Shark Tank Net Worth
FryAway was worth an estimated $2.2 million at the time of the shark tank pitch. It is now available at over 1180 Walmart, Kroger & More supermarket chain stores along with Amazon.
Is FryAway Still In Business?
Yes, FryAway is still in business as of January 2023. The company was launched in 2020 by Laura Lady, the founder and CEO of FryAway Company. FryAway is a 100% plant-based and non-toxic powder that solidifies used cooking oil for easy and safe disposal in household trash.
The product comes in pre-proportioned single-use packages as well as a large size with a measuring cup, and it is available on Amazon, Walmart Marketplace, and independent stores in the United States and Canada.
FryAway has been growing very well since its launch in 2020. In just one year of being in business, FryAway has earned just over $700,000. The company is worth an estimated $1.1 million and employs 2-10 people.
Laura Lady continues to heavily market her company’s products on Amazon and through retail distribution. Products are also available on the official website.
In conclusion, FryAway is still in business as of January 2023. The company has been growing well since its launch in 2020, earning over $700,000 within one year. FryAway products are available on Amazon, Walmart Marketplace, independent stores in the United States and Canada, as well as the official website.
