✓ Got a deal Out of business Season 4, Ep. 2 💻 Technology & Software

CateApp on Shark Tank

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CateApp is a mobile app pitched as a consumer software product. It is aimed at smartphone users looking for a convenient digital tool that simplifies a common everyday task on their phone.

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⏱ CateApp in 30 seconds

  1. The ask$50K for 5%Valued at $1M
  2. In the tankDeal: $75K for 30%With Daymond and Kevin
  3. After the showNot confirmedNo public record either way
  4. TodayClosedThe CATE app faded after its 2012 episode. It can no longer be downlo…

CateApp Shark Tank deal

Asked for
$50,000 for 5%
Asking valuation
$1M
Result
Deal
Final deal
$75,000 for 30%
Deal valuation
$250K
Founders
Neal Desai
From
San Francisco, CA
Aired
Sep 21, 2012
Asked
$1M
Got
$250K

Would you have invested in CateApp?

The pitch

Neal Desai from San Francisco, CA pitched CateApp in Shark Tank Season 4, Episode 2 (aired Sep 21, 2012). They asked for $50,000 in exchange for 5% equity, valuing the business at $1M. The entrepreneurs walked away with a deal from Daymond John and Kevin O'Leary: $75,000 for 30%. That put the final valuation at $250K, 75% below what they originally asked for.

What happened to CateApp after Shark Tank?

Out of business

CateApp appears to be out of business (The CATE app faded after its 2012 episode. It can no longer be downloaded and its website has shut down.).

Sources (1)
  1. bgr.com/2101474/what-happened-cate-app-from-shark-tank-season-4/
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Frequently asked questions

Did CateApp get a deal on Shark Tank?

Yes. CateApp got a deal with Daymond John and Kevin O'Leary for $75,000 and 30% equity.

Which Shark invested in CateApp?

Daymond John and Kevin O'Leary invested in CateApp on Season 4 of Shark Tank. Note that some on-air deals change or fall through during due diligence.

Is CateApp still in business?

CateApp appears to be out of business (The CATE app faded after its 2012 episode. It can no longer be downloaded and its website has shut down.).

What season and episode was CateApp on Shark Tank?

CateApp appeared in Season 4, Episode 2, which first aired on September 21, 2012.

Where can I buy CateApp?

Search for CateApp on Amazon or major retailers; availability varies.

What was CateApp's valuation on Shark Tank?

The founders valued CateApp at $1,000,000 when they entered the Tank, and the final deal valued it at $250,000.

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