Gift Card Rescue Shark Tank Update
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What Happened to Gift Card Rescue After Shark Tank
Is Gift Card Rescue still in business? No — the company has shut down.
- No deal — declined Sharks' offer; grew to $15 million in annual sales before shutting down in 2016
Last verified Apr 5, 2026. Web-confirmed sources.
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The Gift Card Rescue Shark Tank Pitch
Kwami Kuadey of Columbia, MD pitched Gift Card Rescue on Shark Tank Season 1, Episode 4, which aired Sunday, August 30, 2009, asking for $150,000 for 30% of the company — a $500,000 valuation.
Robert Herjavec and Kevin O'Leary teamed up and agreed to invest $200,000 for 50% equity, valuing the company at $400,000. The deal fell through after the show. Founder declined deal after receiving Amazon contract and Shark Tank publicity.
Watch the Pitch
Pitch Details
- Aired
- S1E4Aug 30, 2009
- Ask
- $150,000for 30%
- Ask Valuation
- $500,000
Deal Terms
Terms agreed on air. The deal did not close.
- Amount
- $200,000
- Equity
- 50%
- Valuation
- $400,000
Robert Herjavec
Kevin O'Leary