Ava the Elephant is a children’s medicine dispenser designed to make administering medication easier and more enjoyable. Shaped like an elephant’s trunk, it features a built-in speaker and sound programs to engage children during the process.
Medicine is poured into a hole located on the back of the elephant, allowing it to be dispensed to children seamlessly. This innovative product is available at various online and retail stores, including Amazon and eBay.
Company Name | Ava the Elephant | |
Founder | Tiffany Krumins | |
Founded | 2009 | |
Product | medicine dispenser for kids | |
Asked For | $50k for 15% equity | |
Final Deal | $50k for 55% equity | |
Shark | Barbara Corcoran | |
Episode (Shark Tank USA) | S1 E1 | |
Air Date | Aug 9th, 2009 | |
Business Status | In Business | |
Website | Visit Website | |
Headquarters | Alpharetta, Georgia, USA | |
Lifetime Worth (Sales) | $10M *estimated | |
Buy and Watch | Buy Now | Amazon Prime |
Another Shark Tank Pitch
Who Is The Founder Of Ava the Elephant?
Ava the Elephant was founded by Tiffany Krumins, a former professional babysitter. In addition to her work with Ava the Elephant, she is also the founder of Mom Genius and Opu Probiotics Company.
How Was The Shark Tank Pitch Of Ava the Elephant?
After entering Shark Tank, Krumins asked the Sharks for $50,000 in exchange for 15% equity. She showcased her prototype and explained how it works.
However, she had not yet patented the product and needed the investment to secure a patent and manufacture the working model.
All the Sharks, except Barbara Corcoran, declined to invest in the business due to the product being in prototype mode. Barbara offered $50,000 for a 55% equity stake. After some consideration, Krumins agreed to her offer.
Sharks | Offers |
---|---|
Barbara Corcoran | $50k for 55% equity (#1) |
Kevin O’Leary | No Offers |
Robert Herjavec | No Offers |
Daymond John | No Offers |
Kevin Harrington | No Offers |
Founder’s (Countered) | No Counter |
Final Deals | $50k for 55% equity |
Ava the Elephant Shark Tank Update
Ava the Elephant secured a deal on Shark Tank when Barbara Corcoran invested $50,000 for a 55% stake in the business. Following this deal, the working product was manufactured and made available in over 1,000 drugstore chains, including CVS and Walgreens. As the product gained success, Barbara and Krumins expanded their offerings with a new product line.
After battling cancer and raising three children, Krumins signed a licensing deal with Better Family in March 2021. In June 2021, she launched Opu Probiotics in partnership with her father, which offers Probiotic Chocolate and Instant Dissolve Pre + Probiotic Packets.
The first segment of this business was featured in Season 1, Episode 9, where a deal was signed with the pharmacy company Flavorx, enabling the product’s availability in pharmacies.
The business’s progress was showcased in Shark Tank Season 4, Episode 15, where Krumins introduced her thermometer stickers and vaccine program for children in need. We are currently following the founder and her business for more updates.
What Is Ava the Elephant’s Net Worth?
Ava the Elephant has an estimated net worth of $5 million. Since 2021, founder Tiffany Krumins has faced challenges in focusing on the business due to her battle with cancer.
Annual Revenue by Years
Note: This report is based on our research and data so far. In this, we are only estimating the annual revenue.
Years | Annual Revenue |
2009-23 | $10M *estimated |
Funding Reports to Date!
Years | Funding Amount | Investor |
2009 | $50k | Barbara Corcoran |
The official address of the company is located in Alpharetta, Georgia, United States.
Yes, Ava the Elephant is still in business as of March 2024.