Green Box, the eco-friendly pizza packaging box, made a splash when it appeared on Season 6 of Shark Tank. This innovative product caught the attention of investors and viewers alike with its unique features and commitment to sustainability. Created from 100% recycled materials, Green Box can be converted into plates and even has a compartment for storing leftovers. The founders, Ned Kensing and Jennifer Wright-Laracy, entered the Shark Tank seeking a $300,000 investment for 10% equity in their business.
Their pitch may have started off rocky, but they managed to win over the Sharks with their vision and the potential of their product. Kevin O’Leary, known as “Mr. Wonderful,” saw the value in Green Box and made a deal with the founders. This partnership propelled Green Box to new heights and has contributed to their current net worth of $3 million.
- Green Box is an eco-friendly pizza packaging box made from 100% recycled materials.
- It appeared on Shark Tank during Season 6 and secured a deal with Kevin O’Leary.
- The current net worth of Green Box is $3 million.
- The founders, Ned Kensing and Jennifer Wright-Laracy, sought a $300,000 investment for 10% equity in their business.
- Green Box’s success is a result of its innovative features and commitment to sustainability.
The Innovative GreenBox Product
GreenBox is a revolutionary eco-friendly pizza box that aims to transform the packaging industry. Made from 100% recycled materials, this sustainable packaging solution reduces waste and promotes environmental responsibility. What sets GreenBox apart is its innovative design that goes beyond just holding pizza.
Convertible and Convenient
GreenBox is not your ordinary pizza box. It can be easily converted into plates, eliminating the need for extra dishes and reducing unnecessary waste. With its perforated sections, you can tear apart the box and turn it into instant plates for sharing and enjoying your pizza. This feature makes it not only convenient for consumers but also aligns with the growing demand for sustainable alternatives in the food industry.
In addition to being convertible, GreenBox also has a built-in compartment for storing leftovers. This unique feature allows you to save your pizza slices easily without the need for additional containers or wraps. By minimizing food waste and providing a convenient storage solution, GreenBox is a game-changer in the world of pizza packaging.
Sustainable Packaging for a Better Future
GreenBox’s mission goes beyond creating a convenient and versatile pizza box. They are committed to reducing the carbon footprint of businesses through sustainable packaging solutions. By using 100% recycled materials, GreenBox promotes the importance of recycling and reusing resources to protect our environment.
With GreenBox, pizza lovers can indulge in their favorite dish while making a positive impact on the planet. So the next time you order a pizza, remember to look for that eco-friendly GreenBox packaging, knowing that you’re making a choice that supports sustainability and a better future for all.
|Benefits of GreenBox
|Reduces waste by using 100% recycled materials
|Converts into plates, eliminating the need for extra dishes
|Has a built-in compartment for storing leftovers
|Promotes sustainability and reduces carbon footprint
The Journey on Shark Tank
I had the opportunity to witness the exciting journey of GreenBox on Shark Tank, where founders Ned Kensing and Jennifer Wright-Laracy showcased their innovative pizza packaging solution. Their pitch took place in January 2015, as they entered the Tank seeking a $300,000 investment for 10% equity in their business.
During the pitch, the founders initially stumbled, but they quickly regained their composure and impressed the Sharks with their eco-friendly product. Despite some reservations from certain Sharks, it was Kevin O’Leary who saw the potential in GreenBox and made a deal with the entrepreneurs, offering the desired investment in exchange for a 10% stake in the company.
The deal with O’Leary proved to be a turning point for GreenBox. The exposure from Shark Tank led to increased brand awareness and opened doors to new opportunities. As a result, the business experienced steady growth and was able to secure partnerships with pizza chains and other distributors. This, in turn, led to a significant increase in sales and further cemented GreenBox’s position in the market.
The Impact of the Shark Tank Deal
The deal with Kevin O’Leary not only provided the necessary financial investment but also brought valuable guidance and expertise to the GreenBox team. O’Leary’s involvement helped the founders navigate the challenges of scaling their business and positioned them for continued success.
Today, GreenBox stands as a testament to the power of Shark Tank in propelling innovative ideas towards success. The founders’ determination, combined with the support and backing they received, enabled GreenBox to establish itself as a leader in sustainable packaging solutions within the food industry.
Continued Success and Acquisition
Since our appearance on Shark Tank, GreenBox has continued to experience remarkable business growth. Our innovative pizza packaging solution has gained significant traction in the market, resulting in increased sales and widespread adoption by pizza chains nationwide.
We are proud to have secured partnerships with medium-sized pizza chains in Boston and expanded our distribution network to other regional chains and even Whole Foods Market. This expansion has not only boosted our sales but also enabled us to reach a wider audience and spread our mission of sustainability.
GreenBox’s success has not gone unnoticed in the industry. In 2020, we made headlines with our exciting announcement of being acquired by Pratt Industries, one of the largest corrugated packaging companies in the United States. This strategic acquisition has further strengthened our position and opened up new opportunities for growth and innovation.
Despite the acquisition, GreenBox remains an independent brand, continuing to operate and be used by pizza chains across the nation. Our commitment to providing eco-friendly and sustainable packaging solutions remains unwavering, and we are excited for the future as we continue to evolve and revolutionize the packaging industry.
What is GreenBox?
GreenBox is an eco-friendly pizza packaging box that can be converted into plates and a box for storing leftovers. It is made from 100% recycled materials.
What appeared on Season 6 of Shark Tank?
GreenBox appeared on Season 6 of Shark Tank.
Who are the founders of GreenBox?
The founders of GreenBox are Ned Kensing and Jennifer Wright-Laracy.
How much investment did GreenBox seek on Shark Tank?
GreenBox sought a $300,000 investment for 10% equity on Shark Tank.
Who made a deal with GreenBox on Shark Tank?
Kevin O’Leary made a deal with GreenBox on Shark Tank, investing $300,000 for 10% equity.
What is the current net worth of GreenBox?
The current net worth of GreenBox is $3 million.
What is the primary focus of GreenBox?
GreenBox focuses on creating sustainable packaging solutions for businesses to reduce their carbon footprint.
When did GreenBox appear on Shark Tank?
GreenBox appeared on Shark Tank in January 2015.
How did GreenBox impress the Sharks on Shark Tank?
Despite stumbling during their pitch, GreenBox impressed the Sharks with their innovative product.
What happened after GreenBox appeared on Shark Tank?
After appearing on Shark Tank, GreenBox experienced business growth and increased sales. They secured partnerships with pizza chains and distributors.
Has GreenBox been acquired by another company?
Yes, GreenBox was acquired by Pratt Industries, one of the largest corrugated packaging companies in the US.