Kanga Cooler Shark Tank Update | Kanga Cooler after the Shark
What is Kanga Cooler?
Kanga Cooler is a brand of beverage coolers that can be used with or without ice to keep beverages cold.
They offer two products: the pouch, which is made for smaller cases of beverages, and the Kase Mate, which is designed for bigger cases of any beverage you want to keep cool.
Teddy Giard, Logan Lamance, and Austin Maxwell created it.
Logan, Teddy, and Austin determined to solve this age-old problem.
And it was the koozie that provided them with their inspiration.
The trio recalls seeing classmates with open cases of alcohol while at a Clemson tailgate party.
The beer was exposed to the blazing sun with nothing to cover it.
However, one aspect stood out.
When someone took a can from the case, they slid it into a koozie to keep it warm.
Unfortunately, there wasn’t a koozie big enough to hold the entire case.
Who founded Kanga Cooler?
Logan Lamance is the founders of Kanga Cooler with help of Teddy Giard and Austin Maxwell.
What happen to Kanga Cooler at the Shark Tank pitch?
They launched the company with a successful Kickstarter campaign in early 2018 that generated $34,295 in funding.
They now sell their product for $29.95 for a 12 pack and $34.95 for a 24 or 30 pack on their website.
Kanga Cooler are available in a number of colours and patterns, as well as bespoke coolers.
On April 1, 2019, Teddy, Logan, and Austin appear on Shark Tank, seeking $100,000 in exchange for a 10% stake in their company.
As they relate their story, they hand out beer. Their website generates 30% of their revenue, with the remainder coming via wholesale.
The Sharks are interested in the product and the profit margins. Each unit costs $9.60 to produce and $29.99 to sell.
Anheuser Busch just placed a $16,000 purchase with the lads, and if sales go well, the beer giant will place a 10,000-unit order.
When they inform him they began the company with $833, Mark is ecstatic.
Austin says he’s seen every episode of Shark Tank in an emotional pitch.
After seeing Mark strike a deal with Beatbox Beverages in season 6, he reached out to co-founder Justin Fenchel and requested a job.
He figured it out! He goes on to add that appearing on the show has always been a dream of his, and that he came on looking for a bargain.
Mark has had enough and has made an offer of $100,000 for 20% of the business – take it or leave it. Austin salutes with his drink and accepts on behalf of the Kanga crew.
Kanga Cooler after the Shark
The Mark Cuban agreement never comes to an end. With their coolers, the guys went on a short tour of sorts, attending Nascar and surfing events.
In addition, the company is now a limited liability company (LLC).
They moved the company out of Logan’s mother’s basement and into “The Fun Factory,” their new corporate headquarters featuring a half pipe, in June of 2019.
The boys are off to a fantastic start, with hundreds of orders placed after the show first aired. The business is doing well as of June 2021, with annual revenue of $3 million.
Net worth of kanga Cooler
Kanga Cooler net worth 2021 is on track to surpass $3 million.
Competitors of Kanga Cooler
There are many competitors in the beverage cooler industry. Some of the main rivals of Kanga Cooler includes:
Beverage Chillers
Beverage chillers are slightly different from Kanga Cooler, which is created to be used with or without ice to keep beverages cool in warm weather. A beverage chiller only needs ice.
Phresh Cooler
Phresh Cooler is a portable drink cooler that features a filter to keep water clean. The drinks can be kept cold or warm for up to 24 hours.
Kelty Chillers
Kelty Chillers are made from a durable plastic and a cooler bag for keeping bottles cool. They come in 48-pack sizes and even larger ones.
Yeti Cooler
Yeti makes large coolers for keeping bottled drinks cold. Some of them even come with wheels, so you can cart the drinks along to picnics or camping sites.
FAQS of Kanga Cooler
Who owns Kanga cooler?
Logan LaMance is the CEO and founder of Kanga Coolers.
How many Kanga coolers are available in the market?
Kanga Cooler is available in a number of colours and patterns. In addition, they offer bespoke coolers.
How much Kanga cooler cost?
Kanga coolers are very reasonable when compared to other beverage coolers in the market. You can purchase them from their website www.kangacooler.com for $29.95 for a 12 pack or $34.95 for a 24 or 30 pack of drinks.
What is Kanga Cooler Shark Tank Update?
Kanga Cooler secured a deal with billionaire Mark Cuban on Shark Tank for $100,000 in exchange for 20% equity in the company.
The founders Logan LaMance, Teddy Giard and Austin Maxwell were excited and grateful to have Mark as their business partner.
How many stores sell Kanga Cooler?
Kanga Coolers are available at KangaCooler.com, Amazon, and Bed Bath & Beyond.
How old is Kanga Cooler?
Kanga Coolers was founded on early 2018
What is Kanga Cooler mission?
The mission of Kanga Cooler is to provide quality coolers for transporting drinks which keeps drinks nice and cold or warm without leaking or sweating.
How much did Kanga Cooler generate in revenue?
The company is generating $3 million revenue in a year.
What is the name of Kanga Coolers CEO?
Logan Lamance is the founder and CEO of Kanga Coolers.
What are the different sizes of Kanga Cooler?
Kanga Coolers are available in a variety of sizes. The coolers can be customized according to your needs.
Where is Kanga Cooler located?
Kanga Cooler.com is based out of Clemson, South Carolina
What episode is Kanga Coolers on Shark Tank?
Kanga Coolers is featured on season 10 episode 18 on Shark Tank
When was Kanga Cooler Shark Tank season 10 episode 18 air?
Kanga Coolers is featured on Shark Tank season 10 episode 18 that aired on April 1, 2019.
How to contact Kanga Cooler?
If you want to contact the company, you can reach them over email at [email protected], or at the Website www.kangacooler.
