Lumio Shark Tank Update

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Fell ThroughNow:ThrivingHome & LifestyleSeason 6, Episode 15San Francisco, CAby Max Gunawan

What Happened to Lumio After Shark Tank

Is Lumio still in business? Yes — still in business and thriving.

$5M

reported annual revenue

Deal Fell Through

Deal with Robert Herjavec fell apart after taping; company thrived independently to $4M+/yr

  • Deal with Robert Herjavec did not close
  • $5M annual revenue
  • Expanded product line to Teno speaker lamp and Ovo desk lamp
  • Sold in hundreds of retailers worldwide
  • Multiple product design awards

Last verified Apr 1, 2026.

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The Lumio Shark Tank Pitch

Max Gunawan of San Francisco, CA pitched Lumio on Shark Tank Season 6, Episode 15, which aired Friday, January 16, 2015, asking for $250,000 for 8% of the company — a $3.1M valuation.

Robert Herjavec agreed to invest $350,000 for 10% equity, valuing the company at $3.5M. The deal fell through after the show. Deal with Robert Herjavec fell apart after taping; company thrived independently to $4M+/yr.

Watch the Pitch

Pitch Details

Aired
S6E15Jan 16, 2015
Ask
$250,000for 8%
Ask Valuation
$3.1M

Deal Terms

Terms agreed on air. The deal did not close.

Amount
$350,000
Equity
10%
Valuation
$3.5M
Robert HerjavecRobert Herjavec

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