SNACTIV Finger Chopsticks On Shark Tank Update – Shark Tank Season 13
Featured on Shark Tank
SNACTIV Finger Chopsticks On Shark Tank Season 13
Snactiv introduces a hands-free finger chopstick designed to make eating snacks while working or gaming more convenient and less messy. Entrepreneurs Kevin Choi and Edwin Cho impressed the sharks with their innovative product, securing a $200,000 investment for 20% equity from Kevin Hart and Lori Greiner. Summary:
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- Company Name: Snactiv
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- Founders: Kevin Choi, Edwin Cho
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- Founded: 2020
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- Product: Hands-free finger chopsticks for snacking
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- Asked For: $200,000 for 10% equity
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- Final Deal: $200,000 for 20% equity with Kevin Hart and Lori Greiner
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- Season/Episode (Shark Tank USA): Season 13, Episode 10
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- Business Status: In Business
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- Headquarters: Los Angeles, California, USA
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- Lifetime Worth (Sales): Estimated $500K
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- Investors: Kevin Hart, Lori Greiner
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- Go To Amazon: Buy Now
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- Watch On: Amazon Prime
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Description
SNACTIV Finger Chopsticks On Shark Tank Update – Shark Tank Season 13
Snactiv, the innovative “finger chopsticks” designed to help users snack without getting their fingers dirty, appeared on Shark Tank Season 13 and successfully secured a deal. Here are the updates on the company since its appearance:
Snactiv Shark Tank Appearance
- Entrepreneurs: Kevin Choi and Evan Cho
- Business: Snactiv allows users to pick up messy snacks like chips and cheese balls without getting their hands dirty, making it especially useful for gamers and those working on computers.
- Ask: $200,000 for 10% equity
- Result: They accepted an offer from Kevin Hart and Lori Greiner for $200,000 for 20% equity.
Snactiv Post-Shark Tank Developments
- Sales Performance: Snactiv sells over 2,000 units per month and has received more than 1,000 positive reviews on Amazon.
- Collaborations: The company secured a limited edition collaboration with DoorDash in January 2022, enhancing its market presence.
- International Expansion: Snactiv’s products are available in Canada and Singapore, expanding their reach beyond the U.S.
- Revenue: As of October 2022, annual revenue was reported to be less than $1 million, but the company continues to grow.
Snactiv Current Status
Snactiv remains active in the market, promoting its unique snacking tool and leveraging its Shark Tank exposure to drive sales and brand awareness. The entrepreneurs continue to focus on product development and marketing strategies to compete against knock-offs and expand their customer base.
