Pizza Pack Net Worth Shark Tank Update 2025

Tate Koenig created Pizza Pack to solve a common problem. Leftover pizza usually ends up in big bulky boxes that take up much space in the fridge. Tate wanted to change that. He designed a collapsible pizza-shaped container that helps store slices without wasting space. The container keeps pizzas fresh by sealing them tightly. This solution saves room in the fridge and makes it easy to store pizza slices.

Tate pitched this idea on Shark Tank looking for $100,000 for 10% of his business. Will the entrepreneur get a deal on Shark Tank? Check out the Packback update to find out!  

Pizza Pack Net Worth Shark Tank Update 2025

Tate was looking for an investment of $100k in exchange for 10% equity in the company. At the time of the episode, he valued his company at $1 million. Tate successfully secured a deal with Lori for an investment of $100k for 13% equity in the company. The investment adjusted the company’s net worth to around $769k. After the show was aired, the company experienced a good boost in exposure. As per my rough estimate, the current net worth of Pizza Pack in 2025 is around $6 million.

Shark(s) Name	Offer & Demand	Counter Offer	Accepted?
Lori Greiner	$100,000 for 20% equity	#1 $100,000 for 15% equity #2 $100,000 for 13% equity	Yes to 2nd conter offer
Robert Herjavec	Out	N/A	N/A
Kevin O’Leary	$100,000 for 10% equity, with a $2 royalty per unit	N/A	N/A
Barbara Corcoran	Out	N/A	N/A
Mark Cuban	$1.5 million to buy the entire business	N/A	N/A
Daymond John	$100,000 for 25% equity	N/A	N/A

Founders Backstory + Initial Pitch

Tate Koenig aimed to simplify the storage of leftover pizza. He noticed that standard pizza boxes occupy excessive space in the refrigerator. That’s when he thought of the concept for Pizza Pack. The item is a foldable container shaped like a pizza. It aids in storing pizza pieces efficiently without occupying extra space. Tate sought a $100,000 investment in exchange for 10% ownership of his business.

He wished this money would assist him in expanding the business and connecting with more pizza enthusiasts. When he made his pitch Pizza Pack was an emerging enterprise. Tate introduced it in April 2022. When he arrived at Shark Tank it had generated $250,000 in revenue. The production cost for each unit is $4 while the selling price is $24.99. Tate has already listed the product on his website as well as on Amazon and Walmart’s sites.

He received favorable reviews from clients. His business was expected to earn a profit of $60,000 from current sales. Even with his significant progress, Tate continued to encounter difficulties. He required funds to increase his stock and venture into national pizza franchises. This was the point at which the sharks could assist. Tate showcased his product with confidence. He described the functioning the advantages and the advancements his company had already achieved.  

Queries + Sharks’ Responses and Final Deal

The sharks posed multiple inquiries to Tate. They aimed to grasp how the product functioned and whether it had the potential to evolve into a large enterprise. They were likewise curious about the amount of money Tate had earned so far. 

Barbara Corcoran was the initial one to exit the negotiations. She was unclear about the business model. She left early. 

Robert Herjavec has also moved on. He stated he did not put money into companies that offer only one product. That wasn’t what he sought. 

Kevin O’Leary proposed $100,000 to Tate for a 10% stake in the business. However, he also desired a royalty of $2 for each unit until he recovered his investment. Subsequently, the royalty would decrease to 50 cents per unit indefinitely. 

Mark Cuban came up with a significant concept. He aimed to purchase the entire company. Tate was taken aback but requested a moment to consider it. He returned with a $5 million asking price but Mark proposed only $1.5 million. Tate rejected Mark’s proposal. 

Daymond John was also intrigued. He proposed $100,000 for 20% ownership later increasing it to 25%. Tate was displeased with this proposal as well. 

Then Lori Greiner presented her proposal. She referred to the product as a hero. She proposed $100,000 for 15% equity but later conceded to 13%. Tate originally sought 12.5% equity but chose to accept Lori’s proposal of 13% equity for $100,000.            

What Went Wrong With Pizza Pack On Shark Tank?

Not every shark was impressed by Pizza Pack. Barbara Corcoran was unfamiliar with the business. She failed to recognize its potential and chose not to provide any assistance. Robert Herjavec wasn’t fond of companies that focused on a single product. He thought that a company ought to provide more than a single product to expand. Therefore he did not reach an agreement with Tate. Mark Cuban took a daring step.

He desired to purchase the whole enterprise. However, Tate didn’t find his offer of $1.5 million satisfactory. He desired more and believed Mark’s proposal was unjust. Daymond John proposed $100,000 in exchange for 25% equity which was quite a significant request. Tate believed that Daymond was seeking excessive control over the business so he declined that offer as well.

The primary reason Tate agreed to Lori Greiner’s offer was that it was equitable and provided him with the funds required for expansion. She possessed the knowledge to assist him in achieving success in retail. 

Product Availability

Pizza Pack is still available for purchase today. You can buy it from the Pizza Pack website, Amazon, and Walmart. It is a popular product for people who love pizza and need a better way to store leftovers. The price for a unit is around $24.99. The product has been well-received by customers and continues to grow.

What Happened to Pizza Pack After Shark Tank?

Following its appearance on Shark Tank Pizza Pack experienced significant success. The agreement with Lori Greiner assisted the company in growing. They received considerable attention following the show’s broadcast. Pizza Pack sold approximately 22,000 units soon after the episode was broadcast. This resulted in increased media coverage including articles in publications such as Food Republic and Looper. 

Pizza Pack’s distribution expanded rapidly. They collaborated with large retailers such as Amazon and Walmart. The product is now in these big stores making it simpler for customers to locate. The firm’s revenue keeps increasing. They sell approximately 2000 units each month on Amazon resulting in around $600,000 in annual revenue. Tate’s business will continue to flourish in 2024. 

The triumph of Pizza Pack also resulted in new offerings. Tate broadened his product range to feature items such as the Cheese Chopper and pizza-related goods. The business has become a recognized name in the food storage sector. 

Conclusion

Pizza Pack has come a long way since its pitch on Shark Tank. Tate Koenig created a unique solution to the problem of storing leftover pizza. The product is practical and solves a real problem for pizza lovers. The deal with Lori Greiner helped the company grow and reach new customers. Since appearing on the show Pizza Pack has seen impressive sales and has expanded its distribution. The company continues to grow and is still in business today.