Ava the Elephant Shark Tank Update (Season 1)

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.

Ava the Elephant Shark Tank Update
Image credit by Ava the Elephant
Company NameAva the Elephant
FounderTiffany Krumins
Founded2009
Productmedicine dispenser for kids
Asked For$50k for 15% equity
Final Deal$50k for 55% equity
SharkBarbara Corcoran Barbara Corcoran
Episode (Shark Tank USA)S1 E1
Air DateAug 9th, 2009
Business StatusIn Business
WebsiteVisit Website
HeadquartersAlpharetta, Georgia, USA
Lifetime Worth (Sales)$10M *estimated
Buy and WatchBuy NowAmazon Prime

Another Shark Tank Pitch

Who Is The Founder Of Ava the Elephant?

Image credit by ABC Shark Tank

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.

SharksOffers
Barbara Corcoran Barbara Corcoran$50k for 55% equity (#1)
Kevin O'Leary Shark Tank Profile Kevin O’LearyNo Offers
Robert Herjavec Robert HerjavecNo Offers
Daymond John Daymond JohnNo Offers
Kevin Harrington Kevin HarringtonNo 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.

YearsAnnual Revenue
2009-23$10M *estimated

Funding Reports to Date!

YearsFunding AmountInvestor
2009$50kBarbara 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.

Leave a Reply

Your email address will not be published. Required fields are marked *