Although they are costly kettlebells are excellent exercise equipment. In-home gyms, also occupy a lot of room. Andrew Thomas and Daniel Sheppard noticed this issue. Kettle Gryp is a new product they developed. Users can use it to convert dumbbells into kettlebells. They went on Shark Tank to ask the sharks for assistance.
They desired more homes to have their product. They requested investment from the sharks for their business. They also gave them access to their business plan. Lori Greiner made a deal for the entrepreneurs in this episode. She made them an offer of $300,000 for 15% of their business.
Kettle Gryp Net Worth Shark Tank Update
Andrew and Daniel were looking for an investment of $300k in exchange for 10% equity in their company, Kettle Gryp. At the time of the episode, they valued their company at $3 million. Andrew and Daniel successfully secured a deal with Lori Greiner for an investment of $300k for 15% equity in the company. The investment adjusted the company’s net worth to around $2 million. After the show was aired, the company experienced a good boost in exposure. As per my rough estimate, the current net worth of Kettle Gryp in 2024 is around $10 million.
Shark(s) name
Offer & Demand
Counteroffer
Accepted?
Robert Herjavec
Out
N/A
N/A
Lori Greiner
$300,000 for 20% equity
300,000 for 15% equity
yes
Kevin O’Leary
$300,000 for 20% equity
N/A
N/A
Daymond John
Out
N/A
N/A
Mark Cuban
Out
N/A
N/A
Founders Backstory
Kettle Gryp was created by Andrew Thomas and Daniel Sheppard. They saw that kettlebells required too much room and were pricey. Their goal was to simplify and lower the cost of at-home training. They ultimately designed a grip that could transform any dumbbell into a kettlebell.
The product works well and is easy to use. They first had a lot of trouble getting people to notice their product. However, they persisted in working hard and their product was successful. They went on Shark Tank because they wanted to get it into more homes and gyms.
Initial Pitch
Daniel and Andrew were full of energy when they pitched their product to the sharks. They showed how Kettle Gryp works by turning any dumbbell into a kettlebell. The sharks were impressed by how easy it was to use.
The founders shared that they had made $3.6 million in lifetime sales. They also had $600,000 in sales just for that year. The founders asked the sharks for $300,000 for 10 percent equity. They wanted help getting their product into big stores like Walmart.
Queries About The Product
The sharks examined the product with a lot of questions. They wanted to know how effectively it functioned. The creators of Kettle Gryp allowed the sharks to try it. The sharks enjoyed the solid feel of it. Robert Herjavec questioned their need for assistance.
The founders in his opinion were already succeeding on their own. Mark Cuban expressed concern that the product would primarily benefit those who owned dumbbells already. This he believed restricted the market.
Sharks Responses And Final Deal
Kevin O’Leary was the first shark to make an offer. He offered $300,000 for 20 percent equity. He said he could help them get the product into big stores. Lori Greiner then made a similar offer.
She offered $300,000 for 20 percent equity with preferred stock privileges. The founders asked Lori if she would take 15 percent instead of 20. After thinking about it Lori agreed. The founders took Lori’s deal and were happy to partner with her.
Not all the sharks were interested in Kettle Gryp. Robert Herjavec did not think the founders needed help from a shark. He felt the business was already doing well without them. Mark Cuban thought the product was too niche. He believed it would only appeal to people who already owned dumbbells. Because of this he did not think it was a good investment. Both Robert and Mark decided not to make offers.
Product Availability
Kettle Gryp is a simple product that turns dumbbells into kettlebells. It is strong and durable. The grip can hold dumbbells up to 55 pounds. It is lightweight and easy to carry. The product is made in the USA.You can buy Kettle Gryp from the company’s website. It is also available on Amazon and in Walmart stores. The price is $34.95 with free shipping from the company’s website. Many customers have left positive reviews about the product. It is now a best seller on Amazon.
What Happened To The Kettle Gryp After Shark Tank?
After Shark Tank the Kettle Gryp company kept growing. It is still in business today in 2024. The product became very popular on Amazon. Many people bought it because it was helpful for home workouts. Kettle Gryp now has over 9,000 positive reviews on Amazon.
The company also made more than $3.6 million in sales. It is now one of the top-selling fitness products on the market. You can also find it in stores like Walmart. Sadly Andrew Thomas passed away before the episode aired. He was 47 years old and had cancer. Lori Greiner said she is proud to help keep his legacy alive
Did The Kettle Gryp Get A Deal On Shark Tank?
Indeed, the business secured a deal on Shark Tank. For $300,000, Daniel and Andrew want 10% equity in their business. They sought assistance in getting their goods into large retailers. Lori Greiner made an offer to them. She consented to provide $300,000 in exchange for 15% equity. The corporation was able to expand even more with this deal.
Kettle Gryp’s time on Shark Tank was prosperous. Excitedly, Daniel Sheppard and Andrew Thomas presented their product. The product’s sales figures pleased the sharks. They came to an agreement with Lori Greiner after some negotiating. She contributed $300,000 for a 15% stake in their business.
Since then, Kettle Gryp has grown to be a well-liked exercise item. It is accessible at large retailers like Walmart and is well-liked on Amazon. The business is expanding even after Andrew Thomas tragic death. Lori Greiner is determined to contribute to preserving his legacy. Even now Kettle Gryp is still assisting folks in enhancing their at-home workouts.
Hello, Fareena Khan here. I am an Electrical Engineer with a passion for innovation and technology, and now, I am pursuing my master’s degree from NUST, Islamabad. I have been watching Shark Tank for the past 2 years, and then, it served as a way to kill my free time. It’s inspiring to see how ordinary people, with determination, creativity, hard work, and consistency, can achieve extraordinary things. Moreover, the curiosity of whether the company owner will strike the deal or not makes the program more interesting. This show can be a cause of motivation for others who want to go for business in future.
