✓ Got a deal Out of business Season 9, Ep. 7 🧸 Kids & Education

Pearachute on Shark Tank

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Pearachute is a subscription service that gives parents flexible access to children's classes and activities from local providers. It aims to simplify finding, trying and booking kids' activities in their area.

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⏱ Pearachute in 30 seconds

  1. The ask$500K for 6%Valued at $8.33M
  2. In the tankDeal: $500K for 15%With Mark
  3. After the showNot confirmedNo public record either way
  4. TodayClosedFounder Desiree Vargas Wrigley closed the business in June 2022 after…

Pearachute Shark Tank deal

Asked for
$500,000 for 6%
Asking valuation
$8.33M
Result
Deal
Final deal
$500,000 for 15%
Deal valuation
$3.33M
Founders
-
From
IL
Aired
Oct 29, 2017
Asked
$8.33M
Got
$3.33M

Would you have invested in Pearachute?

The pitch

The founders from IL pitched Pearachute in Shark Tank Season 9, Episode 7 (aired Oct 29, 2017). They asked for $500,000 in exchange for 6% equity, valuing the business at $8.33M. The entrepreneurs walked away with a deal from Mark Cuban: $500,000 for 15%. That put the final valuation at $3.33M, 60% below what they originally asked for.

What happened to Pearachute after Shark Tank?

Out of business

Pearachute appears to be out of business (Founder Desiree Vargas Wrigley closed the business in June 2022 after its pivot to virtual classes did not work out, and the old domain now hosts an unrelated French site.).

Sources (2)
  1. sharktankblog.com/business/pearachute
  2. pearachutekids.com/plan-du-site
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Frequently asked questions

Did Pearachute get a deal on Shark Tank?

Yes. Pearachute got a deal with Mark Cuban for $500,000 and 15% equity.

Which Shark invested in Pearachute?

Mark Cuban invested in Pearachute on Season 9 of Shark Tank. Note that some on-air deals change or fall through during due diligence.

Is Pearachute still in business?

Pearachute appears to be out of business (Founder Desiree Vargas Wrigley closed the business in June 2022 after its pivot to virtual classes did not work out, and the old domain now hosts an unrelated French site.).

What season and episode was Pearachute on Shark Tank?

Pearachute appeared in Season 9, Episode 7, which first aired on October 29, 2017.

Where can I buy Pearachute?

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

What was Pearachute's valuation on Shark Tank?

The founders valued Pearachute at $8,333,333 when they entered the Tank, and the final deal valued it at $3,333,333.

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