Oru Kayak
Oru Kayak - Outdoor Recreation
Pitch Details
Season / Episode
S5E28
May 9, 2014
Ask
$500,000
for 12%
Ask Valuation
$4.2M
Deal
$500,000
for 25%
Watch the Pitch
Deal Terms
Amount$500,000
Equity25%
Valuation$2M
Robert HerjavecWhat Happened Next
Deal Fell Through
Handshake deal with Robert Herjavec fell apart during due diligence; company later acquired by Solo Stove for $25.4M
Thriving
$20M
estimated
- Appeared on Season 6, no deal made
- Origami-inspired foldable kayaks
- Successfully crowdfunded and grew significantly after the show
- Expanded product line to multiple kayak models
- Available in REI and major outdoor retailers nationwide
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Shop Products
📦
Oru Kayak Foldable Kayak Inlet
Compact foldable kayak at 20 lbs that folds to a box just 42x10x18 inches. Assembles in under 5 minutes with origami-inspired design. 9'8" x 31" unfolded.
📦
Oru Kayak Foldable Kayak Lake
Origami-inspired foldable kayak that weighs just 17 lbs and assembles in minutes. Lightweight, portable, and stable for lakes and rivers. 9ft x 32in unfolded.