Shark Tank has showcased some of the best business ideas over the years and one such amazing business idea that connected instantly with the audience was “Handy Pan”.
This unique approach of incorporating a built-in strainer in the cooking simplest the cooking process. This unique kitchen gadget makes cleaning easier for home chefs and proves to be a perfect gift for your loved ones.
If you are also curious to find out what happened to Handy Pan after Shark Tank debut, and if the business is still running, then here in this article we’ve covered all Handy Pan Shark Tank Updates for you.
Handy Pan Shark Tank Update: Deal or Not?
Handy Pan founders, Adam Chaudry and Josh Conway made their appearance on Season 13, Episode 20 of Shark Tank. Their pitch was super amazing as they highlighted the daily usage of their product in every household. The Shark were impressed with the product and hence an intense negotiation happened between them.
Finally, Lori Greiner offered $10000 for a 20% stake in the company for a valuation of $50,000 and the founders of Handy Pan agreed to the deal. This gave a new start to the Kitchenware company, Handy Pan, and the Shark Tank exposure, and the deal gave them the spotlight they deserved setting the stage for future success.
What Happened to Handy Pan After Shark Tank?
Shark Tank gives great exposure to brands and companies as it is watched by a wide audience leading to widespread interstate in the product.
After a successful deal at Shark Tank, Handy Pan saw a significant boost in their numbers. There was a growing demand for their products from both retailers and consumers.
Soon Handy Pan shifted to online and retail stores across the US. They also improved their social media presence and launched campaigns for marketing their products, in result attracting more new customers.
This is not all in the year 2021, Handy Pan got funded on Kickstarter, a global crowdfunding platform. In the year 2022, Handy Pan entered the nationwide retail market.
In 2022, an eco-friendly product line was introduced by Handy Pan with an environmentally friendly approach which benefited the brand to a greater extent.
Is Handy Pan Still in Business?
Yes, Handy Pan is successfully growing their business as of 2024. In fact, Handy Pan has become a popular choice among houses. With continuous innovation and adaption of user needs, the company has kept its successful market alive.
Also, with their new innovative eco-friendly pans, the company aims to work towards sustainability. This keeps the company relevant in its competitor market, helping it lead the kitchen gadget industry.
Handy Pan Net Worth 2024
As of 2024, the estimated net worth of Handy Pan is over $100 million. This shows the continued growth of the company through the years. The company’s efforts towards building a strong online and offline presence have helped them gain sustainability.
The eco-friendly approach makes them stand out in their competitor market.
You can also check other pitches on Shark Tank like Wanna Date Shark Tank Update – Deal or Not?
Conclusion
At last, we can say that after the Shark Tank debut things have changed a lot for Handy Pan. What started as a mere hobby is now leading the kitchen essentials industry. Adam Chaudry and Josh Conway have come a long way in maintaining the presence of their brand.
