Shark Tank: Sharks Take A bite Out of Loliware, Accepts Deal from Mark Cuban and Barbara Corcoran for $600,000

October 2, 2015

www.ahalife.com

remaining into the tank is Loliware, an fit for human consumption and biodegradable cup. here is a description from their web page:

LOLIWARE is a progressive new drinking and consuming experience. the primary and simplest suitable for eating disposable cup, it is one hundred% all natural, non-GMO, gelatin-free, gluten-free, plastic-free, BPA-free, non-toxic, and FDA authorized.

They are searching for $ one hundred fifty,000 for 10 p.c equity.

The flavors embrace citrus, cherry, inexperienced tea, vanilla bean and an unflavored for those who merely wish to use it to “complement” their meal.

Wow! @LOLIWARE! What an incredible idea. The Sharks are going to fight over it. #SharkTank

— Brandy (@unwrittenlife) October three, 2015

Kevin O’Leary says it tastes like licorice, which is sensible for the reason that they are mades of vegatables and fruits.

They explain that the product went viral and got a 60,000 order the day after an adventure.

Robert Herjavec thinks that they in reality want extra money, however for extra equity and an added shark. $ 600,000 for 25 percent, their revised provide, is put up via Mark Cuban, but the situation quickly escalates when Mark Cuban doesn’t express any hobby in having them choose who will get to companion with him.

I find it irresistible when a fistfight breaks out over safe to eat cups. #SharkTank

— Phil Lemos (@Phil_Lemos) October 3, 2015

Herjavec wants to go in, however is interrupted with the aid of Barbara Corcoran who desires to accomplice with Cuban or Lori Greiner. Greiner thinks of their product as more of a “birthday celebration factor” though and goes out.

on condition that the identical deal is being supplied from each units of sharks, they accept Cuban and Corcoran’s deal.

ultimate deal: Mark Cuban and Barbara Corcoran for $ 600,000 for 25 p.c.