Bala Bangles
DealWearable wrist and ankle weights
Best known from its Shark Tank appearance, Bala Bangles is a wearable wrist and ankle weights in Season 11, and convinced Mark Cuban and Maria Sharapova to invest.
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From the show
The Shark Tank pitch
- $400K
- Asked for
- 10%
- Offered equity
- $4M
- Sought valuation
- $900K
- Deal amount
- 30%
- Deal equity
- $3M
- Deal valuation
Natalie Holloway and Max Kislevitz walked into the Tank in Season 11, Episode 13 in the episode that aired February 28, 2020. Bala Bangles, the wearable wrist and ankle weights, pitched in the Sports & Outdoors category, one of 154 sports & outdoors businesses to brave the Tank across all 17 seasons.
On the carpet, the number was $400,000 for a 10% stake, which valued the company at $4M.
Mark Cuban and Maria Sharapova teamed up at $900,000 for 30% equity. That priced the company at $3M, a haircut from the $4M the founders walked in asking for, which is how negotiations in the Tank usually go.
Bala Bangles was one of 96 businesses to pitch in Season 11, where 63 deals got done. In the Sports & Outdoors category overall, roughly 64% of pitches have landed a shark across the show's history.
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Frequently asked questions
Where can I buy Bala Bangles?
Check current price and availability on Amazon. Note that some Shark Tank products are discontinued or sold under a new name.
Did Bala Bangles get a deal on Shark Tank?
Yes. Bala Bangles closed a deal for $900,000 in exchange for 30% equity, with Mark Cuban and Maria Sharapova.
Which shark invested in Bala Bangles?
Mark Cuban and Maria Sharapova invested in Bala Bangles ($900,000 total as aired).
What season of Shark Tank was Bala Bangles on?
Bala Bangles appeared in Season 11, Episode 13, which aired February 28, 2020.
How much was Bala Bangles asking for on Shark Tank?
The founders asked for $400,000 for 10% of the company, a $4M valuation.
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