What Happened to DetraPel After the Shark Tank Pitch?
What is DetraPel?
DetraPel is a non-toxic spray that repels water and stains on nearly any surface, including fabric, leather, wood, metal, glass, and stone.
It cleans dirty shoes, discoloured sofa cushions, and even graffiti from a stone wall without affecting the colour of the surface.
Who Founded DetraPel?
David Zamarin, the founder of DetraPel, is a Babson College alumni with a degree in Business Administration and Management who also attended the University of Pennsylvania.
Before launching DetraPel, he worked as a strategic advisor. He remains the company’s CEO and has since been recognized to Forbes’ 30 under 30 list as a contender, and, like many successful CEOs, he offers motivational presentations.
David launched DetraPel at the age of 15 in 2013 to discover innovative solutions to the environmental and health effects of manufactured things.
While attending university part-time in the evenings to study chemistry, he researched how DetraPel’s PFAS-free coatings withstand liquids and stains.
His key objective was to design a product that was both ecologically beneficial and risk-free for the user.
He obtained around $3000 in start-up capital through the crowdsourcing web IndieGoGo, but only received 6 percent of his aim.
Any would-be investors who glanced over this and didn’t invest should be blaming themselves, because following a successful launch, he was anticipating yearly earnings in the $300,000 area.
It was now time to bring on an investor who could also give support.
What Happened to DetraPel at Shark Tank Pitch?
The device itself is extremely simple to use. Simply apply to a clean, dry cloth (even leather), let it dry for 30 minutes, and that’s all.
A single treatment lasts nearly a year and protects against water damage and stains on everything from shoes to tablecloths.
A 2 ounce bottle costs $12.99 and treats roughly 10 square feet. Zamarin is most likely seeking for a Shark to assist him in establishing the brand and increasing its retail and wholesale reach.
David goes on Shark Tank in quest of $200,000 for a 20% ownership in his business. This symbolizes a $1,000,000 valuation.
He has a highly visual pitch. He splatters coffee all over himself, damaging his shirt.
Then he takes that shirt off and pours coffee over a shirt that has been treated with his product, and the coffee does not stain it.
He subsequently pours red wine over some DetraPel-treated carpet, which likewise “rolls” off.
He then drops white sneakers into a pot of dirt, and they, too, come out clean.
When he informs the Sharks that he sold a shoe cleaning service that was making $25,000 per month for $150,000 to support his start-up, they are happy.
When they realize he’s only 19, they give him a standing ovation.
His sales for the year (2017) were $350,000, with the majority of sales to carpet and furniture merchants.
One unit costs $1.14 to create and costs $12.99 to sell. David guarantees the Sharks that the formula is private.
Mark gets things started by providing $200,000 for 25% of the firm and promises to put David in touch with nanotech entrepreneurs who “know their stuff.”
Lori interrupts David’s speech by offering $200,000 for a 25 % stake.
David asks if they want to partner, and Rohan offers $200,000 for a 25% share.
When David notes that he needs assistance with the business side of things, Mark and Lori agree to work.
Then Robert and Rohan say they’ll donate $200,000 for a 23 % share.
Barbara steps out and tells him to select Mark and Lori’s offer as he has two good offers.
He agreed to a $200,000 investment with Mark Cuban and Lori Greiner in exchange for a 25 % ownership.
What Happened to DetraPel After the Shark Tank Pitch?
This transaction was executed by Mark and Lori. David sold over 10,000 units and had a two-month backlog of orders in the immediate aftermath of the original air date.
Customers include carpet and furniture producers.
They continue to source and produce their items in the United States. They relocated to a 12,000-square-foot site in Framingham, Massachusetts, in February 2019.
When the Covid-19 outbreak occurred, they were generating $125,000 in sales each month.
When this occurred, David changed 98 percent of his production capacity to disinfectants and hand sanitizer for local enterprises, hospitals, and first responders.
David was nominated to the Forbes 30 Under 30 list for 2021 in December of 2020.
Disinfectants and sanitizers will be part of their product line by June 2021. They relocated into a 40,000-square-foot building and employ 15 individuals, including chemists on staff.
At the present, annual revenue is $5 million.
What is the Net Worth of DetraPel?
David goes on Shark Tank in quest of $200,000 for a 20% ownership in his business. This symbolizes a $1,000,000 valuation.
He accepted an offer from Mark Cuban and Lori that values their firm at $800,000.
Who are the Competitors of DetraPel?
Top Competitors of DetraPel are as follows; Pittsburgh Paints, Unelko, nCoat, ECP, Nutech Paint, Sigma Paints, Protexion, and Duracote.
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DetraPel FAQS
Is DetraPel successful?
DetraPel has won multiple small company challenges and received bids from four of the five Sharks on the television show Shark Tank since its beginning.
The organization generates $120,000 a month in sales and employs talented employees who are aiding in moving the company to new heights.
Is DetraPel safe?
Non-toxic and devoid of propellants. It is safe to spray in any restricted location.
Where is DetraPel now?
Customers include carpet and furniture producers. They continue to source and produce their items in the United States.
They relocated to a 12,000-square-foot site in Framingham, Massachusetts, in February 2019. When the Covid-19 outbreak occurred, they were generating $125,000 in sales each month.
Did DetraPel secure a deal on Shark Tank?
DetraPel, a BostInno – Babson start-up, obtains $200,000 for a 25 percent share in Shark Tank from Mark and Lori.
Does DetraPel work on leather?
It is free of dangerous fluorochemicals / PFAS and works on a range of textiles like leather, canvas, cotton, polyester, and others.
To safeguard their favourite trendy things, use DetraPel Bag & Accessories Protector.
What precisely is DetraPel?
DetraPel is a non-toxic spray that repels water and stains on nearly any surface, including fabric, leather, wood, metal, glass, and stone.
It cleans dirty shoes, discoloured sofa cushions, and even graffiti from a stone wall without affecting the colour of the surface.
Does DetraPel work on suede?
Without a question. DetraPel Suede & Nubuck Protector may be applied on any suede surface.
How do they open DetraPel?
Please follow these procedures to open their bottle:
Remove the shrink sleeve made of plastic.
Take off the translucent cap.
Press on the trigger’s lowest slanted edge until you hear a *click*.
What does DetraPel look like?
Each container provides six ounces of the protecting spray. It looks like a plastic bottle with an angled nozzle at one end and a trigger at the other end.
Is there an expiration date for DetraPel?
Their goods have a shelf life of 2 years. At this moment, they are working on incorporating the expiration dates to the label
How much does DetraPel cost?
One unit costs $1.14 to create and costs $12.99 to sell.
Where can people acquire DetraPel?
They may acquire DetraPel from any of the merchant stores like Amazon and Target.
Is DetraPel waterproof?
Yes, it is 100% waterproof and ideal for use on a broad range of surfaces, including leather furniture, footwear, clothes and carpets.
What are the strengths of DetraPel?
The product is non-toxic and devoid of fluorochemicals, a significant cause for the success of the product.
DetraPel repels water, keeping clothing and surfaces dry, which makes it suitable for use in kitchens, baths and laundry rooms.
Is DetraPel a private or public Company?
The DetraPel Firm is incorporated in the state of Massachusetts and is a privately held company.
Does DetraPel ship internationally?
Yes, they ship all over the world.
Is DetraPel FDA approved?
Yes, it is not authorized by the United States Food and Drug Administration (FDA) (FDA).
