✓ Got a deal Status unconfirmed Season 4, Ep. 24 🏃 Fitness, Sports & Outdoors

KaZAM on Shark Tank

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KaZAM makes balance bikes, pedal-free bicycles that teach young children to balance and steer before moving to a pedal bike. They target parents of toddlers and preschoolers looking for an easier path to riding.

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⏱ KaZAM in 30 seconds

  1. The ask$300K for 20%Valued at $1.5M
  2. In the tankDeal: $300K for 32%With Barbara and Mark
  3. After the showNot confirmedNo public record either way
  4. TodayStatus unconfirmed

KaZAM Shark Tank deal

Asked for
$300,000 for 20%
Asking valuation
$1.5M
Result
Deal
Final deal
$300,000 for 32%
Deal valuation
$937.5K
Founders
Mary Beth Lugo
From
Virginia Beach, VA
Aired
May 10, 2013
Asked
$1.5M
Got
$937.5K

Would you have invested in KaZAM?

The pitch

Mary Beth Lugo from Virginia Beach, VA pitched KaZAM in Shark Tank Season 4, Episode 24 (aired May 10, 2013). They asked for $300,000 in exchange for 20% equity, valuing the business at $1.5M. The entrepreneurs walked away with a deal from Barbara Corcoran and Mark Cuban: $300,000 for 32%. That put the final valuation at $937.5K, 38% below what they originally asked for.

What happened to KaZAM after Shark Tank?

Status unconfirmed

We couldn't confirm whether KaZAM is still operating. Its website did not respond at our last check. Readers can share updates in the reviews.

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Frequently asked questions

Did KaZAM get a deal on Shark Tank?

Yes. KaZAM got a deal with Barbara Corcoran and Mark Cuban for $300,000 and 32% equity.

Which Shark invested in KaZAM?

Barbara Corcoran and Mark Cuban invested in KaZAM on Season 4 of Shark Tank. Note that some on-air deals change or fall through during due diligence.

Is KaZAM still in business?

We couldn't confirm whether KaZAM is still operating. Its website did not respond at our last check. Readers can share updates in the reviews.

What season and episode was KaZAM on Shark Tank?

KaZAM appeared in Season 4, Episode 24, which first aired on May 10, 2013.

Where can I buy KaZAM?

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

What was KaZAM's valuation on Shark Tank?

The founders valued KaZAM at $1,500,000 when they entered the Tank, and the final deal valued it at $937,500.

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