Grouphug Shark Tank Update
What Happened to Grouphug After Shark Tank
Is Grouphug still in business? Yes — still in business.
$900,000
reported annual revenue
- Deal closed with Mark Cuban for $150K for 25%
- Solar panels in every U.S. state; $900K–$1M annual sales as of July 2022
- Kickstarter in July 2019 raised $70,760
- COVID disrupted supply chain; original Kickstarter orders unshipped as of May 2020
Last verified Apr 5, 2026. Web-confirmed sources.
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The Grouphug Shark Tank Pitch
Grouphug pitched on Shark Tank Season 11, Episode 16, which aired Friday, March 20, 2020, asking for $150,000 for 10% of the company — a $1.5M valuation.
Mark Cuban agreed to invest $150,000 for 25% equity, valuing the company at $600,000. The deal closed after the show.
Watch the Pitch
Pitch Details
- Aired
- S11E16Mar 20, 2020
- Ask
- $150,000for 10%
- Ask Valuation
- $1.5M
Deal Terms
- Amount
- $150,000
- Equity
- 25%
- Valuation
- $600,000
Mark Cuban