Knife Aid Shark Tank Update Knife Aid after Shark Tank
What is KnifeAid?
KnifeAid is a knife-sharpening-by-mail company that makes it easy for the customers to get their knives sharpened without any hassles
Customers send their knives using free, insured and trackable Knife Aid envelope and will be skillfully sharpened and mailed back.
The company was founded by Swedish natives Marc Lickfett and Mikael Soderlindh.
The process of sharpening your blades is straightforward. Simply place your order online and will receive a knife-proof envelope in the mail.
Place the knives in the pre-paid envelope and send it to California. They ship the knives back once they have been sharpened.
They ship the knives back once they have been sharpened. The procedure takes between 3 and 9 days, depending on where you live in the United States.
Currently, sharpening seven knives costs $89 ($12.71 per knife), and the cost per knife decreases as more knives are honed.
They also sharpen many types of knives, including pocket knives, steak knives, cleavers, and scissors.
Knife Aid after Shark Tank
Knife Aid left really an impact on the Shark Tank investors with their mail-in blade-sharpening company has sparked some viral interest in the months since the notable episode.
Despite their great expertise of digital marketing, Marc and Mikael are seeking for a Shark who can assist them with channel and packaging ideas in the American market.
This will enable them to expand and scale their business while also meeting demand.
The entrepreneurs came on the show seeking $400K investment for a 15% equity in the company.
Lori Greiner, Rohan Oza, Kevin O’Leary, and Barbara Corcoran were the sharks who wanted a cut of the new company.
Greiner began by suggesting she will offer them $200,000 in cash and a $200,000 line of credit in exchange for 20% ownership of the firm.
Following an intensive bargaining battle, Rohan and Lori partnered up with an offer of $400 000 for a 20% share, while Kevin and Barbara made a joint offer of $500 000 for a 20% stake.
The founders took a step back into the hallway to make a choice.
Lori became restless with the delay and strolled down the corridor to persuade the entrepreneurs to accept her offer.
Kevin and the remaining sharks followed Lori’s action and were back in the hallway bidding for their investment to be approved.
Finally, the two exchanged handshakes with Lori and Rohan for a final offer of $500K for a 20% interest.
The business was featured on an episode of the ABC reality show, Season 11, which aired in October 2019.
Knife Aid’s total sales have now reached at least $6.9 million with a price tag of $69.00 for the sharpening service of 5 blades!
Knife Aid FAQS
What is Knife Aid?
Knife Aid is a knife-sharpening-by-mail company that combines traditional craftsmanship with cutting-edge sharpening technology.
Who Is Knife Aid Intended For?
While Knife Aid serves everyone who owns a knife, its major target market is anyone who work in a home or commercial kitchen.
How long does shipping take?
It is not a 24-hour service, and delivery might take up to a week.
What do you hope to get out of the box?
Their unique mail-in knife sharpening service kit includes an envelope with pre-paid postage, a shipping label, and protective sleeves for 5 blades.
How can I tell if Knife Aid is safe?
The shipment is completely traceable and insured.
What is the price of a knife?
The price varies per the number of knifes. These are the prices
- 4 knifes cost $59( $14.75) for a knife
- 5 knifes cost $69 ($13.80 for a knife)
- 7 knifes cost $89 ( $12.71 for a knife)
- 10 knifes cost $119 ($11.90 for a knife)
- 14 knifes cost $149 ($10.64 for a knife)
You place your order online and will receive a knife-proof envelope in the mail.
What was their initial business venture?
Sodelindh is a co-founder of the Swedish clothing firm Happy Socks.
What was the requirement?
They required a Shark to assist them with packaging tactics in the American market, as well as a network of contacts to help them grow their firm.
How much was Knife Aid worth?
They estimated the net worth to be $10 million valuation for the firm.
What was the net profit of the company?
The entrepreneurs revealed that they had made $37,000 in net profits just a month before shooting the episode.
What’s the ask?
Soderlindh and his co-founder Marc Lickfett appeared on Sunday’s edition of the ABC reality show, asking for $400,000 in exchange for 15% of their Malibu-based company.
What’s the deal?
Lori and Rohan match Kevin and Barbara’s offer in the hallway, and the Knife men complete the transaction with Lori and Rohan for $500,000 for 20%.
Is Knife Aid still in business?
The firm is still in operation as of June 2021, with an annual revenue of $2 million.
What are your other ventures?
Soderlindh has also worked for Happy Socks, a Swedish online sock shop, for 11 years.
When was Knife Aid tank shark aired?
Mikael Soderlindh and Marc Lickfett pitched their Knife Aid, their mail-in knife sharpening business, in Shark Tank episode 1105.
What should I do if I want to send a knife to Knife Aid?
You will get free, insured, and trackable Knife Aid envelope to send your knives.
How can I fix the edges of my knives?
Guaranteed, their professional knifesmiths will skillfully restore those edges and make them sharper than the day you got them.
What exactly was the surprise?
“Having four Sharks chasing after us into the corridor is something I would never have thought of,” the company’s co-founder Mikael Soderlindh stated at the time.
What are the Best Knife Aid Alternatives?
D&R Sharpening Solutions, KySharp, Art of Sharp and RazorEdgeKnives, and Seattle Knife Sharpening are the top five Knife Aid alternatives.
What if I’m unhappy with my knife sharpening kit?
It is Risk-Free: They make sure you’ll enjoy our knife sharpening kit that we’re offering a money-back guarantee on every order!
What is the first time you’ve ever seen Shark Tank?
One such incident occurred in Episode 4, which aired on October 20, when not one, but four sharks followed an entrepreneur couple down the hallway in order to convince the duo to accept their investment and consummate a transaction outside of the tank for the first time.
Having four Sharks racing after us into the hallway is something I would never have imagined,” says Mikael Soderlindh, co-founder of Knife Aid, a direct-to-consumer knife-sharpening business.
What do customers do?
Customers only need to ship their dull knives to the firm, and they will sharpen them and return them in 10 days or fewer.
