FunBites
DealBaby and Child Care
Best known from its Shark Tank appearance, FunBites is a baby and child care in Season 6, and convinced Lori Greiner to invest.
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From the show
The Shark Tank pitch
- $75K
- Asked for
- 20%
- Offered equity
- $375K
- Sought valuation
- $75K
- Deal amount
- 25%
- Deal equity
- $300K
- Deal valuation
Bobbie Rhoads walked into the Tank in Season 6, Episode 18 in the episode that aired February 6, 2015, bringing their New York, NY business with them. FunBites, the baby and child care, pitched in the Kids & Education category, one of 134 kids & education businesses to brave the Tank across all 17 seasons.
On the carpet, the number was $75,000 for a 20% stake, which valued the company at $375K.
Lori Greiner made the deal at $75,000 for 25% equity. That priced the company at $300K, a haircut from the $375K the founders walked in asking for, which is how negotiations in the Tank usually go.
FunBites was one of 116 businesses to pitch in Season 6, where 66 deals got done. In the Kids & Education category overall, roughly 66% of pitches have landed a shark across the show's history.
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Frequently asked questions
Where can I buy FunBites?
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 FunBites get a deal on Shark Tank?
Yes. FunBites closed a deal for $75,000 in exchange for 25% equity, with Lori Greiner.
Which shark invested in FunBites?
Lori Greiner invested in FunBites ($75,000 total as aired).
What season of Shark Tank was FunBites on?
FunBites appeared in Season 6, Episode 18, which aired February 6, 2015.
How much was FunBites asking for on Shark Tank?
The founders asked for $75,000 for 20% of the company, a $375K valuation.
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