Rags To Raches Shark Tank Update

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Fell ThroughNow:ThrivingFashion & BeautySeason 7, Episode 19Centerville, UTWebsite

What Happened to Rags To Raches After Shark Tank

Is Rags To Raches still in business? Yes — still in business and thriving.

$4M

reported annual revenue

Deal Fell Through

Deal with Herjavec never closed after the show. No specific reason publicly documented. Company went on to secure $1.5M in VC and a deal with Nordstrom.

  • Sales went up five times within a month of airing; over 100 retailers offered to carry products
  • Raised $1.5 million in venture investment in 2018; placed in Nordstrom and secured Disney deal
  • Annual revenue $4 million as of May 2023

Last verified Apr 1, 2026. Web-confirmed sources.

Get updates on Rags To Raches

The Rags To Raches Shark Tank Pitch

Rags To Raches, from Centerville, UT, pitched on Shark Tank Season 7, Episode 19, which aired Sunday, February 21, 2016, asking for $200,000 for 10% of the company — a $2M valuation.

Robert Herjavec agreed to invest $200,000 for 15% equity, valuing the company at $1.3M. The deal fell through after the show. Deal with Herjavec never closed after the show. No specific reason publicly documented. Company went on to secure $1.5M in VC and a deal with Nordstrom. The terms were later renegotiated: Deal renegotiated from original Daymond John offer.

Watch the Pitch

Pitch Details

Aired
S7E19Feb 21, 2016
Ask
$200,000for 10%
Ask Valuation
$2M

Deal Terms

Terms agreed on air. The deal did not close.

Amount
$200,000
Equity
15%
Valuation
$1.3M
Robert HerjavecRobert Herjavec