Handbag Raincoat
No Dealhandbag raincoat
Handbag Raincoat is a handbag raincoat that got its big break on Shark Tank in Season 10, where it won fans even without landing a deal.
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From the show
The Shark Tank pitch
- $300K
- Asked for
- 25%
- Offered equity
- $1.2M
- Sought valuation
The team stepped onto the carpet in Season 10, Episode 5 in the episode that aired November 18, 2018. Handbag Raincoat, the handbag raincoat, pitched in the Fashion & Beauty category, one of 239 fashion & beauty businesses to brave the Tank across all 17 seasons.
The ask was $300,000 for 25% of the company, an implied valuation of $1.2M.
No deal. Every shark declined, and Handbag Raincoat walked. But a Shark Tank appearance reaches millions of viewers whether or not a check gets written, and plenty of no-deal companies have turned that airtime into lasting businesses.
Season 10 saw 92 pitches, and 63 of them closed a deal on air. In the Fashion & Beauty category overall, roughly 58% of pitches have landed a shark across the show's history.
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Frequently asked questions
Where can I buy Handbag Raincoat?
Check current price and availability on Amazon. Note that some Shark Tank products are discontinued or sold under a new name.
Did Handbag Raincoat get a deal on Shark Tank?
No. Handbag Raincoat pitched the sharks but left Season 10 without a deal.
What season of Shark Tank was Handbag Raincoat on?
Handbag Raincoat appeared in Season 10, Episode 5, which aired November 18, 2018.
How much was Handbag Raincoat asking for on Shark Tank?
The founders asked for $300,000 for 25% of the company, a $1.2M valuation.
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