Night Cap
Dealhair scrunchie turned drink cover
Best known from its Shark Tank appearance, Night Cap is a hair scrunchie turned drink cover in Season 12, and convinced Lori Greiner to invest.
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From the show
The Shark Tank pitch
- $60K
- Asked for
- 20%
- Offered equity
- $300K
- Sought valuation
- $60K
- Deal amount
- 25%
- Deal equity
- $240K
- Deal valuation
Shirah and Michael Benarde walked into the Tank in Season 12, Episode 12 in the episode that aired February 5, 2021. Night Cap, the hair scrunchie turned drink cover, pitched in the Food & Drink category, one of 318 food & drink businesses to brave the Tank across all 17 seasons.
On the carpet, the number was $60,000 for a 20% stake, which valued the company at $300K.
Lori Greiner made the deal at $60,000 for 25% equity. That priced the company at $240K, a haircut from the $300K the founders walked in asking for, which is how negotiations in the Tank usually go.
Night Cap was one of 100 businesses to pitch in Season 12, where 71 deals got done. In the Food & Drink category overall, roughly 61% of pitches have landed a shark across the show's history.
Is Night Cap still in business?
Read our 2026 update on where the company is now.
Sold on Night Cap?
Check today's price and availability before it swims away.
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Frequently asked questions
Where can I buy Night Cap?
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 Night Cap get a deal on Shark Tank?
Yes. Night Cap closed a deal for $60,000 in exchange for 25% equity, with Lori Greiner.
Which shark invested in Night Cap?
Lori Greiner invested in Night Cap ($60,000 total as aired).
What season of Shark Tank was Night Cap on?
Night Cap appeared in Season 12, Episode 12, which aired February 5, 2021.
How much was Night Cap asking for on Shark Tank?
The founders asked for $60,000 for 20% of the company, a $300K valuation.
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