Loctote Industrial Bag
Dealdrawstring pack that is cut-resistant
Best known from its Shark Tank appearance, Loctote Industrial Bag is a drawstring pack that is cut-resistant in Season 8, and convinced Robert Herjavec to invest.
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From the show
The Shark Tank pitch
- $150K
- Asked for
- 5%
- Offered equity
- $3M
- Sought valuation
- $150K
- Deal amount
- 10%
- Deal equity
- $1.5M
- Deal valuation
The founders walked into the Tank in Season 8, Episode 22 in the episode that aired April 21, 2017. Loctote Industrial Bag, the drawstring pack that is cut-resistant, pitched in the Fashion & Beauty category, one of 239 fashion & beauty businesses to brave the Tank across all 17 seasons.
On the carpet, the number was $150,000 for a 5% stake, which valued the company at $3M.
Robert Herjavec made the deal at $150,000 for 10% equity. That priced the company at $1.5M, a haircut from the $3M the founders walked in asking for, which is how negotiations in the Tank usually go. The structure included a royalty component.
Loctote Industrial Bag was one of 96 businesses to pitch in Season 8, where 59 deals got done. In the Fashion & Beauty category overall, roughly 58% of pitches have landed a shark across the show's history.
Is Loctote Industrial Bag still in business?
Read our 2026 update on where the company is now.
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Frequently asked questions
Where can I buy Loctote Industrial Bag?
Check current price and availability on Amazon. Note that some Shark Tank products are discontinued or sold under a new name.
Did Loctote Industrial Bag get a deal on Shark Tank?
Yes. Loctote Industrial Bag closed a deal for $150,000 in exchange for 10% equity, with Robert Herjavec.
Which shark invested in Loctote Industrial Bag?
Robert Herjavec invested in Loctote Industrial Bag ($150,000 total as aired).
What season of Shark Tank was Loctote Industrial Bag on?
Loctote Industrial Bag appeared in Season 8, Episode 22, which aired April 21, 2017.
How much was Loctote Industrial Bag asking for on Shark Tank?
The founders asked for $150,000 for 5% of the company, a $3M valuation.
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