Oru Kayak Shark Tank Net Worth (Before and After Shark Tank)

Oru Kayak, a folding kayak company founded by Anton Willis, Roberto Gutierrez, and Ardy Sobhani in 2013, appeared on Season 5 of Shark Tank. They made a deal with Robert Herjavec, exchanging $500,000 for 25% equity, resulting in a final valuation of $2 million. As of October 2023, Oru Kayak’s net worth is $7 million, with annual sales revenue reaching $8 million. Despite selling the brand to Solo Stove in 2021, Oru Kayak continues its business operations and offers its products on the website and Amazon.

Key Takeaways:

• Oru Kayak appeared on Season 5 of Shark Tank and secured a deal with Robert Herjavec for $500,000 in exchange for 25% equity.
• The company’s net worth has grown to $7 million as of October 2023, with annual sales revenue reaching $8 million.
• Oru Kayak continues its business operations and offers its products on the website and Amazon, despite selling the brand to Solo Stove in 2021.

Oru Kayak Pitch on Shark Tank

During their appearance on Shark Tank in Season 5, the founders of Oru Kayak presented a compelling pitch that caught the attention of the Sharks. Anton Willis, Roberto Gutierrez, and Ardy Sobhani showcased their innovative foldable kayak, demonstrating how it could be transformed into a compact suitcase. The unique design and functionality of the Oru Kayak impressed the Sharks, leading to a successful deal.

In their pitch, the Oru Kayak team sought an investment of $500,000 in exchange for 12% equity in the company. They highlighted the durability, lightweight nature, and ease of use of their product, emphasizing its appeal to outdoor enthusiasts and adventure seekers. The Sharks were intrigued by the potential of the Oru Kayak and the market demand for such a versatile watercraft.

Ultimately, it was Robert Herjavec who saw the value in the Oru Kayak and made an offer. He offered the requested $500,000 investment but in exchange for a slightly larger equity stake of 25%. The founders saw this as an opportunity to secure the necessary funds and gain a strategic partner with Robert’s expertise in the outdoor industry.

Shark	Deal Offered	Equity Stake
Robert Herjavec	$500,000	25%

Oru Kayak’s Journey and Key Accomplishments

Since I started as one of the founders of Oru Kayak in 2013, our journey has been filled with remarkable achievements. The opportunity to present our innovative foldable kayaks on Shark Tank and secure a deal with investor Robert Herjavec has been a turning point for our company.

One of our key accomplishments came in 2019 when Oru Kayak was honored as one of TIME’s Best Inventions of the year. This recognition not only validated our hard work but also showcased the uniqueness of our products. We take immense pride in creating kayaks that are not only durable and lightweight but also easy to use, making outdoor adventures accessible to everyone.

Our commitment to delivering exceptional products has translated into growing sales for Oru Kayak. We have experienced impressive annual revenue, with our sales reaching a remarkable $8 million. This success has enabled us to make a significant impact in the outdoor industry and reaffirms our dedication to providing high-quality foldable kayaks.

As co-founders, Anton Willis, Roberto Gutierrez, and Ardy Sobhani, we are proud of the journey we have embarked on and the milestones we have achieved. Our combined net worth stands at an impressive $7 million as of 2023. We are grateful to our loyal customers, our team, and our Shark Tank investors for their continued support in our pursuit of excellence.