Bantam Bagels
DealSpecialty Food
Bantam Bagels is a specialty food that got its big break on Shark Tank in Season 6, and convinced Lori Greiner to invest.
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From the show
The Shark Tank pitch
- $275K
- Asked for
- 11%
- Offered equity
- $2.5M
- Sought valuation
- $275K
- Deal amount
- 25%
- Deal equity
- $1.1M
- Deal valuation
Founder Nick and Elyse Oleksak stepped onto the carpet in Season 6, Episode 13 in the episode that aired January 9, 2015, bringing their New York, NY business with them. Bantam Bagels, the specialty food, pitched in the Food & Drink category, one of 318 food & drink businesses to brave the Tank across all 17 seasons.
The ask was $275,000 for 11% of the company, an implied valuation of $2.5M.
Lori Greiner made the deal at $275,000 for 25% equity. That priced the company at $1.1M, a haircut from the $2.5M the founders walked in asking for, which is how negotiations in the Tank usually go.
Season 6 saw 116 pitches, and 66 of them closed a deal on air. In the Food & Drink category overall, roughly 61% of pitches have landed a shark across the show's history.
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Frequently asked questions
Where can I buy Bantam Bagels?
Check current price and availability on Amazon. Note that some Shark Tank products are discontinued or sold under a new name. The company's official website is another option.
Did Bantam Bagels get a deal on Shark Tank?
Yes. Bantam Bagels closed a deal for $275,000 in exchange for 25% equity, with Lori Greiner.
Which shark invested in Bantam Bagels?
Lori Greiner invested in Bantam Bagels ($275,000 total as aired).
What season of Shark Tank was Bantam Bagels on?
Bantam Bagels appeared in Season 6, Episode 13, which aired January 9, 2015.
How much was Bantam Bagels asking for on Shark Tank?
The founders asked for $275,000 for 11% of the company, a $2.5M valuation.
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