✓ Got a deal Out of business Season 7, Ep. 10 🏠 Home & Lifestyle

Trunkster on Shark Tank

Trunkster is a carry-on suitcase with a roll-top sliding door instead of zippers, plus features like a built-in scale, GPS tracking and USB charging. It is aimed at tech-savvy frequent travelers and business flyers.

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⏱ Trunkster in 30 seconds

The ask$1.4M for 5%Valued at $28M
In the tankDeal: $1.4M for 10%With Lori and Mark · plus royalty
After the showDeal fell throughDidn't close after taping
TodayClosedTrunkster is no longer operating. The Shark Tank deal never closed, K…

Trunkster Shark Tank deal

Asked for: $1,400,000 for 5%
Asking valuation: $28M
Result: Deal
Final deal: $1,400,000 for 10%
Deal valuation: $14M
Sharks: Lori Greiner, Mark Cuban
Structure: Royalty
Founders: -
From: -
Aired: Dec 4, 2015

Deal notes: 5% each (10% total) + $1/unit royalty in perpetuity; equity doubles if $1.4M not repaid in 24 months

Asked

$28M

Got

$14M

Would you have invested in Trunkster?

The pitch

The founders pitched Trunkster in Shark Tank Season 7, Episode 10 (aired Dec 4, 2015). They asked for $1,400,000 in exchange for 5% equity, valuing the business at $28M. The entrepreneurs walked away with a deal from Lori Greiner and Mark Cuban: $1,400,000 for 10%. That put the final valuation at $14M, 50% below what they originally asked for. The deal included a royalty.

What happened to Trunkster after Shark Tank?

Out of business

Trunkster appears to be out of business (Trunkster is no longer operating. The Shark Tank deal never closed, Kickstarter backers never got their suitcases or refunds, and the leftover website still promises shipping in fall 2015.).

⚠️ The on-air deal did not close after the show.

Sources (2)

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