Lit Handlers Koozies Net Worth Shark Tank Update 2025

Ice-cold drinks are refreshing, especially on a warm day. But a common annoyance is how bottles, cans, or tumblers sweat. That moisture makes your hands wet, tables sticky, and belongings soggy. Ordinary koozies help with insulation, but many are plain, lack grip, and don’t carry extras. People want something simple and functional.

Enter Lit Handlers, drink sleeves with built-in handles and pockets. Invented by Destiny Padgett, these sleeves fit slim cans, bottles, tumblers, and even ice-cream cups. Each has a strong handle for easy gripping, plus a small pocket for a phone or ChapStick. This combines dryness with convenience and style, solving both sweating and usability problems in one small accessory.

Destiny brought her invention to Shark Tank, asking for $200,000 for 10% of her business. She wanted help expanding production and securing licensing deals. She walked away with an offer from Daymond John and continued growing through her rebranded company, Drink Handlers.

Lit Handlers Koozies Net Worth Shark Tank Update 2025

Destiny was looking for an investment of $200k in exchange for 10% equity in the company. At the time of the episode, she valued her company at $2 million. Destiny successfully secured a deal with Daymond John for an investment of $200k for 20% equity in the company. The investment adjusted the company’s net worth to around $1 million. After the show was aired, the company experienced a good boost in exposure. As per my rough estimate, the current net worth of Drink Handlers is around $2.4 million.

Shark(s) name	Offer & Demand	Counteroffer	Accepted?
Daymond John	$200,000 for 25% equity	$200,000 for 20% equity	Yes
Lori Greiner	Out	N/A	N/A
Kevin O’Leary	$200,000 for 20% equity	N/A	No
Robert Herjavec	Out	N/A	N/A
Mark Cuban	Out	N/A	N/A

Destiny Padgett Backstory + Their Initial Pitch 

Destiny grew up in Texas and had diverse roles, from information systems studies to managing a baby boutique. When she unexpectedly became pregnant, she turned to Etsy to support her family. She began by selling personalized can coolers, learning first-hand about production, branding, and customer engagement.

She realized people needed more than just insulation; they needed grip, style, and small storage. Drawing on neoprene’s durability, she developed sleeves for slim cans, bottles, coffee cups, and ice cream containers. With consistent sales, the business outgrew its Etsy home and needed expansion, better inventory, manufacturing infrastructure, and wider distribution.

Her Shark Tank pitch was grounded in solid numbers: $630,000 in sales to date, and projected $780,000 by year-end. She impressed the Sharks with her clarity and the patent-pending features. Seeking help with licensing deals and scaling, she walked away with Daymond John’s investment and support.

Queries + Shark’s Responses, and Final Deal

Kevin O’Leary was the first to make an offer: $200,000 for 20%. He appreciated Destiny’s strong sales but pressed on margins and growth strategy.

Robert Herjavec believed Destiny could succeed without help and declined.

Mark Cuban felt the product didn’t fit his portfolio; he opted out.

Lori Greiner also passed, impressed but uninterested in partnering.

Finally, Daymond John made a strong pitch: $200,000 for 25% equity. But Destiny held firm for 20%. Daymond agreed, under the condition that she accept immediately. She did, sealing the deal. This alliance offered her licensing experience and operational support.

Product Availability

Today, Drink Handlers sells a wide selection of drink sleeves, ranging from $4.99 minis to $69.99 large totes. Their neoprene sleeves with handles and inner pockets are machine washable and appear on both their website and Amazon, earning average ratings of 4+ stars. They’re also available in Walmart for wine and tote styles. Fans appreciate both aesthetics and practicality, keeping drinks cool, hands dry, and having small storage within reach.

What Happened To The Lit Handlers Koozies After Shark Tank?

After the show, the business rebranded as Drink Handlers. Destiny closed the deal in May 2021. With Daymond’s help, she improved wholesale operations, and expanded into more categories,ice cream, tumblers, backpack totes.

By 2023, Drink Handlers reached approximately $1.2 million in annual revenue, growing steadily since those early months. Their social presence is strong,Instagram has over 10,000 followers, Facebook around 15,000. Amazon listings remain robust, reflecting customer loyalty. TechieGamers valued the business at around $2 million by late 2023.

As of today, Drink Handlers remains active, continually releasing new designs and product types. Licensing deals are still in motion, and manufacturing is stable. The company continues quietly growing its loyal fan base and presence in big-box retailers.

Conclusion 

Lit Handlers, now Drink Handlers, is a smart, low-complexity product that solves a day-to-day annoyance. Destiny Padgett turned her life’s challenge,carrying beverages while staying organized,into sleeves with handles and pockets, retailing between $8–$15. She pitched a solid financial picture on Shark Tank, asking for $200K at 10% equity. Daymond John invested 20%, offering not only money but licensing and operations expertise.

Post-show, Drink Handlers pivoted into multiple categories, expanded retail distribution with Amazon, Walmart, and their site, and reached about $1.2 million per year in sales. Social media and customer feedback remain strong, and product lines are still expanding. The licensing strategy continues, and production is reliable.

Destiny’s journey shows how a personal insight, clear execution, and a supportive partner can turn a modest invention into a million-dollar lifestyle brand,quiet, functional, and consistently growing in a competitive market.