Rinseroo Net Worth Shark Tank Update 2025

Cleaning and rinsing can be messy and exhausting tasks. Many people struggle with filling buckets, scrubbing surfaces, and bathing pets. These chores often take too much time and effort. Lisa Lane experienced this firsthand while at her beach house. She spent more time cleaning and rinsing than enjoying the beach. This frustration led her to create Rinseroo.  

Rinseroo is a slip-on hose that attaches to sinks, tubs, and shower heads. It makes rinsing easier and eliminates the need for buckets. The product is designed to simplify cleaning pet bathing and filling buckets without splashing water. It is a universal fit and easy to use.  

Lisa and her son Jake entered Shark Tank Season 16 seeking $343000 for 5% equity in Rinseroo. They pitched their product to the sharks hoping to scale online sales and fight off knockoff competitors. After their pitch, they left with a deal from Lori Greiner for $343000 for 5% equity.  

Rinseroo Net Worth Shark Tank Update 2025

Lisa was looking for an investment of $343,000 in exchange for 5% equity in the company. At the time of the episode, she valued her company at $6.86 million. Lisa successfully secured a deal with Lori for an investment of $343,000 for 5% equity in the company. The investment maintained the company’s net worth at around $6.86 million. After the show was aired, the company experienced a good boost in exposure. As per my rough estimate, the current net worth of Rinseroo in 2025 is around $10 million.

Shark(s) name	Offer & Demand	Counteroffer	Accepted?
Kendra Scott	Out	N/A	N/A
Lori Greiner	$343000 for 5% equity	N/A	Yes
Kevin O’Leary	1# $343000 for 15% equity 2# $343000 for 5% equity + $2.50 royalty per unit sold until $1M is paid	N/A	No
Daymond John	1# $343000 for 20% equity 2# $343000 for 15% equity	N/A	No
Mark Cuban	Out	N/A	N/A

Lisa Lane Backstory + Their Initial Pitch  

Lisa Lane came up with the idea for Rinseroo while at her beach house. She was constantly cleaning and rinsing while everyone else enjoyed the beach. With 15 people and four dogs, the task became overwhelming. She spent more time scrubbing and filling buckets than relaxing.  

Frustrated Lisa teamed up with her son Jake to create a better solution. They developed a prototype that worked well. They quickly realized its potential and decided to turn it into a business.  

To validate their idea they turned to Lori Greiner’s book. It helped them determine whether their product was a “hero or zero.” Rinseroo met all the key criteria. It had mass-market appeal, solved a widespread problem, and was easy to demonstrate.  

During their Shark Tank pitch, Lisa and Jake explained that Rinseroo launched in March 2019. It became profitable within months. Their first-year sales hit $1 million and revenue continued climbing. They were on track to make $5 million this year.  

Queries + Sharks Responses and Final Deal  

The sharks had several questions for Lisa and Jake. Kevin O’Leary focused on valuation. He questioned why Rinseroo was worth $6 million. Lisa stood by the number pointing to their rapid growth.  

Kevin asked what they were projected to make this year. Lisa confidently responded that they were on track for $5 million.  

Guest shark Kendra Scott asked where they were selling the product. Lisa explained that 99% of their sales were online. This model has worked well for them so far.  

Kendra pressed for more details on pricing and costs. Jake explained that their landed cost ranged from $2.50 to $4.50. Retail prices ranged from $15.95 to $29.95. Their customer acquisition cost (CAC) was $2.50. Their return on ad spend (ROAS) on Amazon ads was 10:1.  

Kevin raised a concern about knockoffs. He asked how many copycat products were on the market. Jake acknowledged that knockoffs existed. He reassured the sharks that they had a patent providing an added layer of security.  

Daymond John was the first to make an offer. He offered $343000 for 20% equity. Kevin quickly countered with the same amount for 15% equity. Lisa hesitated explaining that she wanted to keep equity low to protect Jake’s future.  

Seeing this Daymond adjusted his offer to 15%. Kevin then proposed a different structure. He offered $343000 for 5% equity but with a $2.50 per-unit royalty until he recouped $1 million.  

Lisa considered it but ultimately felt the royalty was too high.  

Then Lori Greiner surprised everyone. She pulled out her Golden Ticket. This is a rare offer where she gives the entrepreneur exactly what they ask for.  

Lori explained that Lisa and Jake had followed her book’s guidance. They built a successful business. Because of this, she offered them $343000 for 5% equity exactly what they requested.  

Lisa and Jake accepted immediately, overwhelmed with excitement.  

Product Availability  

Rinseroo is a slip-on hose that attaches to sinks, tubs, and shower heads. It makes rinsing easier and eliminates the need for buckets. The product is designed to simplify cleaning pet bathing and filling buckets without splashing water.  

Rinseroo is available online at www.rinseroo.com. It is also sold on Amazon. The product comes in different sizes and colors to fit various needs.  

What Happened To Rinseroo After Shark Tank?  

After Shark Tank Rinseroo received a big boost in sales. The company expanded its product line. It now offers a variety of slip-on hose attachments designed to simplify rinsing cleaning and bathing tasks around the home.  

Lisa and Jake continue to grow the business. They remain focused on innovation and customer satisfaction. Rinseroo is still in business and thriving.  

Conclusion  

Lisa and Jake Lane pitched Rinseroo on Shark Tank Season 16. They sought $343000 for 5% equity. After their pitch, they made a deal with Lori Greiner for $343000 for 5% equity.  

Most of the sharks were hesitant to invest. Kevin O’Leary was concerned about the valuation. Daymond John wanted a larger equity stake. Kendra Scott and Mark Cuban did not see how they could add value.  

After the sho,w Rinseroo received a boost in sales. The company expanded its product line and continues to thrive. Lisa and Jake’s vision and determination have ensured the company’s success.