✓ Got a deal Still in business Season 14, Ep. 19 🏠 Home & Lifestyle

Cincha on Shark Tank

Cincha makes adjustable travel belts that strap a handbag, backpack or carry-on bag securely to a rolling suitcase handle. The product is designed to keep bags from slipping off luggage while travelers move through airports and train stations.

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⏱ Cincha in 30 seconds

The ask$200K for 15%Valued at $1.33M
In the tankDeal: $100K for 25%With Barbara · loan
After the showNot confirmedNo public record either way
TodayStill in business

Cincha Shark Tank deal

Asked for: $200,000 for 15%
Asking valuation: $1.33M
Result: Deal
Final deal: $100,000 for 25%
Deal valuation: $400K
Shark: Barbara Corcoran
Structure: Loan / credit line
Founders: James Baker and Ashley Sharma
From: -
Aired: Apr 7, 2023

Asked

$1.33M

Got

$400K

Would you have invested in Cincha?

The pitch

James Baker and Ashley Sharma pitched Cincha in Shark Tank Season 14, Episode 19 (aired Apr 7, 2023). They asked for $200,000 in exchange for 15% equity, valuing the business at $1.33M. The entrepreneurs walked away with a deal from Barbara Corcoran: $100,000 for 25%. That put the final valuation at $400K, 70% below what they originally asked for. Part of the investment was structured as a loan or line of credit.