Critter Pricker, a company that produces the best pest control products appeared on Shark Tank US in the 11th season of Shark Tank in 2019. Ever since then, everyone has been curious to know what happened to Critter Pricker after Shark Tank and what’s its current status.
Shark Tank is a popular show where many new and old businesses come to pitch their products and company in exchange for equity in their company. Critter Pricker’s innovative product approach impressed everyone on the show.
But what happened to the company after its appearance on Shark Tank? If you are also keen to know about the current business status of Critter Pricker and its net worth then stick to the end.
Critter Pricker’s Shark Tank Appearance
Critter Pricker appeared in Shark Tank Season 11 in 2019. Joe Balistreri, the inventor and entrepreneur of Critter Pricker pitched his products to the Sharks. His products such as spiked mats that deters animals without causing any harm to them, attracted the Sharks for its humane approach.
Joe proposed an asking price of $115,000 in exchange for 15% equity in his company. While some judges looked quite impressed with the products, others were not sure about the scalability of the products.
After receiving mixed reviews from Sharks, finally, Critter Pricker closed a deal with Shark Kevin O’Leary, also known as “Mr. Wonderful,”. The deal was made at $115,000 for 20% equity of Critter Pricker to which Joseph Balistreri agreed and grabbed the deal.
What Happened to Critter Pricker After Shark Tank?
Critter Pricker’s pitch at Shark Tank Season 11 was quite impressive. After securing a deal with Shark Tank, the brand’s sales were boosted significantly. The addition of Kevin O’Leary as a partner to the company helped a lot in expanding the business sales, especially by expanding its distribution channels throughout the United States.
The products were listed on various online platforms like Amazon, and other retail stores in the US. The Shark Tank appearance also gave a good exposure to the company which helped in driving sales.
For all the homeowners looking for an easy and humane solution to keep critters like squirrels, raccoons, and even stray cats away from their property, Critter Pricker became a go-to solution.
Challenges Faced By Critter Pricker Post-Shark Tank
Although the brand received initial success after appearing on Shark Tank, it was short-lived. The brand faced scalability and production issues. With the rising demand for the products, the brand had to make sure that quality was not compromised and production was efficiently met.
There were also some complaints about the durability of the product because of the different weather conditions. These challenges were addressed by Critter Pricker and a major effort was put towards research and development of the product design and durability.
Current Status of Critter Pricker
Critter Pricker now holds a committed customer base and has become a popular choice for homeowners. To meet the demands of customers, Critter Pricker has expanded its product line in different types and sizes.
The change in design and other improvements in the products have helped to retain customers. As of 2024, the partnership of Critter Pricker with Kevin O’Leary remains strong. He also helps with the growth strategy of the company.
The products are not limited to the US but are spread into the international markets as well.
What’s Critter Pricker’s Net Worth?
For all those wondering what’s the Critter Pricker’s net worth, then their estimated net worth ranges from $1 million to $2 million. The company is privately held and hence the financial details are not publicly disclosed but with active partnership with Kevin O’Leary and the innovative changes in the brand ensure the growth of Critter Pricker.
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Conclusion
At last, we can say that according to the reported data and customer reviews, Critter Pricker’s journey has been a roller coaster ride. Initially, where the sales were seen growing, it faced many challenges as well.
With the right guidance and the right strategies taken at the right time, the company sustained its business as the idea behind its business was unique. With this Critter Pricker remains a successful business with a growing net worth.