Product Update
Is Grease Bags Still in Business? (2026 Update)
Is Grease Bags from Shark Tank still around in 2026? The deal it made, the sharks who invested, and where to buy Grease Bags today.
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LaTangela Newsome pitched Grease Bags on Shark Tank as an eco-friendly way to dispose of used cooking oil and bacon grease without pouring it down the sink, and Barbara Corcoran said yes on air. What happened next is one of the more instructive Shark Tank stories in this batch, because the handshake deal and the actual business outcome went in two different directions.
The Short Answer
This one needs an honest, specific answer rather than a clean yes or no. The domain greasebags.com is still registered and still loads, but it no longer belongs to Newsome's compostable grease-disposal bag company. As of this research, that URL redirects to an unrelated kitchen, decor, and cleaning editorial site with no connection to the original product, meaning the original Grease Bags brand does not appear to control its own former domain anymore.
Separately, food and consumer coverage of the brand reports that Newsome maintained a functioning Shopify storefront selling the product directly, with prices that climbed considerably from the original retail price, and that the company's official social media accounts went quiet after August 2022. Product listings on Amazon were marked currently unavailable as of January 2025. Taken together, the evidence points to a company that has effectively gone dark, even if no formal dissolution has been announced.
The Shark Tank Pitch
Grease Bags appeared in Season 8, Episode 13, which aired January 13, 2017, pitched in the Home and Lifestyle category out of Texas. Newsome asked the panel for 75,000 dollars in exchange for 25 percent of the company, valuing the business at 300,000 dollars on the ask, built around a disposable, compostable bag designed to catch and hold cooking grease for easy, sink-safe disposal.
The Deal That Got Done
Barbara Corcoran offered the full 75,000 dollars on air, but at 50 percent equity instead of the 25 percent asked for, and with a specific condition attached: Newsome needed to bring the retail price down to 6.99 dollars per unit to make the economics work at scale. That condition is the crux of what happened next. It is exactly the kind of on-air condition that sounds reasonable in the moment, when a shark is thinking about shelf price and volume, but that can quietly doom a deal once the founder gets back to the factory floor and runs the real cost of materials, packaging, and compostable manufacturing against that number.
According to reporting on the deal's aftermath, the price reduction Corcoran required turned out to be incompatible with Grease Bags' actual manufacturing costs, and the investment ultimately did not close. The on-air handshake and the real, executed partnership were two different things, which is a more common outcome on this show than viewers usually assume.
Grease Bags net worth in 2026
There is no credible net worth or revenue figure available for Grease Bags, and given the evidence of an inactive social media presence since 2022, an unavailable Amazon listing as of early 2025, and a former company domain now hosting unrelated content, it would be irresponsible to estimate one. The honest answer is that this looks like a business in an advanced state of decline, if not fully wound down, and any net worth figure attached to it today should be treated as effectively zero or unknown rather than speculated on further.
Where Things Stand Now
Grease Bags pitched in Season 8 out of Texas in January 2017, asking for 75,000 dollars for 25 percent. Barbara Corcoran offered the same 75,000 dollars for 50 percent on air, conditioned on a price cut to 6.99 dollars per unit, but that investment reportedly never closed once the real manufacturing costs came into focus.
The company's official social channels went silent after August 2022, its Amazon listing was marked unavailable by January 2025, and its original domain now belongs to an unrelated site. Somewhere in between, Newsome reportedly posted personally about continuing to sell through Amazon even as customer service complaints went unanswered, which points to a business running on fumes rather than one that made a clean, deliberate exit. If you came here hoping to still buy Grease Bags, the responsible answer is that there is no confirmed, currently reliable place to do so, and the company shows every sign of having quietly stopped operating rather than formally closing its doors.
Where to buy Grease Bags
Still selling as of March 17, 2026. Check today's price and availability.
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See the full Grease Bags deal breakdown and term sheet →
