Cat Amazing is a manufacturer of puzzle feeders, soft toys for cats. This company designs different types of toys for cats like puzzle feeder, Maze etc. With this, the cat can do activities in the indoor without going outside.
There are many cats, due to lack of activity, many diseases arise in their body. In earlier times, cats themselves used to eat by hunting and this made them physically active.
In present times, cat owners are not able to give much time to their cats and because of this the muscles of the cat’s body do not get activated properly.
To solve this problem Cat Amazing has come up with some awesome toys for cats. With this, cats can search for food by practicing hunting in indoor.
This business was started in 2011 by Andrey Grigoryev. Andrey is a native of Russia, he moved to America at the age of 8 and he did not know English.
Andrey and his wife had adopted a cat named Mookie. Mookie often played by putting a red ball inside a folding book stand, After seeing these things, Andrey started making some Maze by cutting the box. After this Cat Amazing was born. However, now the Mookie has died due to cancer.
Andrey appeared on Shark Tank Season 13 Episode 20 and asked the sharks for $200,000 for 10% equity at $2 Million Valuation.
What Is Cat Amazing?
Cat Amazing is a toy manufacturer for cats. This company makes different types of activity toys for cats from cardboard. They have 3 types of toys Classic, Sliders and Mega.
All these products are durable and their cost depends on the size. Their cost is $15.92, $27.95 and $35.95.
|Company Name||Cat Amazing|
|Product||line of interactive puzzle feeders to keep cats entertained|
|Asked For||$200k for 10% equity|
|Final Deal||$200k for 22% equity + 5% of each will go to cat shelter Charity|
|Episode (Shark Tank USA)||S13 E20|
|Air Date||April 15, 2022|
|Business Status||In Business|
|Headquarters||Fort Lee, New Jersey, United States|
|Lifetime Worth (Sales)||$2.5M *estimated|
|Go To Amazon||Buy Now|
|Watch On||Amazon Prime|
Another Shark Tank Pitch
Who Is The Founder Of Cat Amazing?
Andrey Grigoryev is the founder and CEO of Cat Amazing Company. In 2011, he started this company. Earlier he worked in many companies like Hertz, Conversocial and many more.
How Was The Shark Tank Pitch Of Cat Amazing?
After entering the shark tank, Andrey asked the sharks for $200k for 10% equity. He explained to Shark about his business, how he started this business and what was the role of his pets in this business.
Running this business as a hobby from 2011-17, it was generating a revenue of $20,000 every year. In 2017, he quit his 6-figure job, and made $34k with this business.
2018 sales were completely bossed around with “north” of $300,000 sold. Sales reached $420,000 in 2019 and $550,000 in 2020. This year 2022 is on track for $720,000 in sales.
The landed cost of the product is $4-$9 and the selling cost is $16-$30. Most of the sales for this product come from Amazon.
Kevin O’Leary made an offer of $200k for a royalty of $2 per unit sold until $200k is paid, then royalty drops to $1 in perpetuity. Robert Herjavec matched Kevin O’Leary’s offer.
Daymond John made an offer of $200k for 25% equity. Andrey countered Daymond with $200K for 10% equity + 10% to a cat shelter charity.
Lori Greiner made an offer of $200k for 22% equity. Andrey counters Lori with $200k for 22% equity + 5% of each will go to cat shelter Charity.
Finalized: Lori Greiner invest $200k in exchange for 22% equity in Knife Aid + 5% of each will go to cat shelter Charity.
What Happened To Cat Amazing After The Shark Tank?
Cat Amazing got a deal on Shark Tank. This company was invested by Lori Greiner. According to some media sites, the revenue of this company had gone up to $ 6 million in 2022.
The product of this brand is selling very well on Amazon, recently this brand launched a new mega puzzle cat condos.
Founder Andrey is currently focusing on expanding the number of products of this company.
Cat Amazing Shark Tank Update
After entering the shark tank, the founder gave a very good explanation to the sharks about their company. Many things were talked about, like how this business was started and its annual sales.
We’re following Andrey Grigoryev along with his company for further updates.
What Is The Net Worth of Cat Amazing?
The current worth of Cat Amazing is estimated at $2 million. In the present time, this company is performing very well.
Is Cat Amazing Still In Business?
Officially since 2011 this cat amazing company is running. So far this company has made an annual revenue of million dollars.
Most of the sales of their products come from Amazon, 55% of the people on Amazon have given this product a 5 star rating.
The company is currently headquartered in Fort Lee, New Jersey, United States and employs 2-10 people, according to LinkedIn.
Yes, Cat Amazing is still in business as of April 2023.