Shark Tank: Sworkit customized exercise App will get investment from Mark Cuban for $1.5 Million
February 19, 2016
sworkit.com
First into the tank is Sworkit in search of $ 1.5 million for eight percent fairness.
Sworkit deals personalised video exercises that can be considered at any time, due to this fact, becoming your time table. users can make a choice how a lot time they’ve and obtain a personalised exercise “playlist.”
They’ve been in the health and fitness house for 5 years and due to the fact starting Sworkit, have made $ 460,000. The app–supplied on iPhone, iPad and Android–itself it free, alternatively, may also be upgraded with more exercises for a price. The even have a youngsters version of their points of interest.
Social reactions from Sworkit’s appearance on Shark Tank
anyone else simply download #Sworkit ? #SharkTank
— Mia (@mep757) February 20, 2016
#SharkTank Blood is in the water & it can be referred to as @mcuban #Sworkit TBC
— Deb-New houses/Design (@mchdeb) February 20, 2016
it’s laborious to clutch a need for this product as a result of i will’t think about the rest improving my good specimen of a physique! #SworkIt #SharkTank
— Kevin O’Leary (@kevinolearytv) February 20, 2016
Kevin O’Leary bargains $ 1.5 million as debt with 7.5 percent equity, then shedding to 2.75 percent. $ 1.5 million for 10 percent is offered from Mark Cuban, and $ 1.5 million in credit score from unused ad inventory.
Lori Greiner goes out, after making Cuban extremely impatient. Robert Herjavec says he was once going to offer the cash for sixteen % but ultimately goes out.
Barbara Corcoran says she’ll obtain the app, however goes out. They settle for Cuban’s provide.
closing deal: Mark Cuban for $ 1.5 million for 10 %, with $ 1.5 million in credit from unused advert stock.
Would you are trying Sworkit?
Digital & Social Articles on industry 2 group
(36)
