Shark Tank, the hit reality TV show, has provided a platform for entrepreneurs to showcase their innovative ideas, giving them the opportunity to secure deals with some of the most influential business moguls. Over the years, we have seen numerous deals made on the show, but some stand out as particularly successful. In this blog article, we will explore the top 5 most successful Shark Tank deals to date.

1. Scrub Daddy

Investment: In season 4, Lori Greiner invested $200,000 for a 20% stake in the company.

Scrub Daddy is the brainchild of entrepreneur Aaron Krause. This innovative sponge changes its texture depending on the water temperature, making it the ideal cleaning tool for a variety of surfaces. Lori Greiner’s investment has led to a sales boom, with the product now available in various big-name stores. To date, Scrub Daddy has generated over $200 million in sales, making it the most successful Shark Tank deal ever.

2. Groovebook

Investment: In season 5, Mark Cuban and Kevin O’Leary invested $150,000 for a 80% licensing stake in the company.

Husband-and-wife duo, Julie and Brian Whiteman, pitched Groovebook, a subscription-based photo printing service that allows users to receive a custom photo book each month. The app caught the attention of the sharks, and after the investment, Groovebook’s customer base skyrocketed. In 2014, the company was acquired by Shutterfly for $14.5 million, making it one of the most successful exits in Shark Tank history.

3. Tipsy Elves

Investment: In season 5, Robert Herjavec invested $100,000 for a 10% stake in the company.

Founded by Evan Mendelsohn and Nick Morton, Tipsy Elves is a company that designs and sells unconventional holiday-themed apparel. Robert Herjavec’s investment helped the company expand its product range, and Tipsy Elves has since generated over $100 million in sales. The company’s unique and humorous designs have made it a favorite among customers and celebrities alike.

4. Bombas

Investment: In season 6, Fubu founder Daymond John invested $200,000 for a 17.5% stake in the company.

Bombas, founded by David Heath and Randy Goldberg, is a socially conscious sock company that operates on a “buy one, give one” model. For every pair of socks sold, Bombas donates a pair to homeless shelters. Daymond John’s investment helped the company grow exponentially, and Bombas has now donated over 50 million pairs of socks to those in need. With over $225 million in sales, Bombas continues to make a positive impact on the world.

5. Squatty Potty

Investment: In season 6, Lori Greiner invested $350,000 for a 10% stake in the company.

Created by the Edwards family, Squatty Potty is a bathroom footstool designed to promote a healthier, more natural posture while using the toilet. Lori Greiner’s investment and marketing expertise helped bring the product into the mainstream, with sales exceeding $164 million. Squatty Potty’s success is a testament to the effectiveness of the product and the power of creative marketing.

These top 5 Shark Tank deals showcase the immense potential of innovative ideas and the impact of strategic investments by the sharks. These companies have not only achieved financial success but have also made a difference in the lives of their customers and the world at large. Shark Tank continues to inspire and empower entrepreneurs, proving that with the right idea and support, anything is possible.