RinseKit on Shark Tank

RinseKit is a portable, pressurized shower system that doesn't require a pump or batteries. It is used for rinsing off after surfing, camping and outdoor activities, or for washing pets and gear.

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⏱ RinseKit in 30 seconds

The ask$250K for 5%Valued at $5M
In the tankDeal: $250K for 7.5%With Daymond
After the showNot confirmedNo public record either way
TodayStill in business

RinseKit Shark Tank deal

Asked for: $250,000 for 5%
Asking valuation: $5M
Result: Deal
Final deal: $250,000 for 7.5%
Deal valuation: $3.33M
Shark: Daymond John
Founders: -
From: CA
Aired: Feb 3, 2017

Asked

$5M

Got

$3.33M

Would you have invested in RinseKit?

The pitch

The founders from CA pitched RinseKit in Shark Tank Season 8, Episode 15 (aired Feb 3, 2017). They asked for $250,000 in exchange for 5% equity, valuing the business at $5M. The entrepreneurs walked away with a deal from Daymond John: $250,000 for 7.5%. That put the final valuation at $3.33M, 33% below what they originally asked for.