The Glove Wrap is a large rubber piece designed to wrap around gloves, helping prevent them from breaking. Traditional methods for preserving gloves, such as placing a ball inside and wrapping them tightly overnight, may not always be effective, as seen in many social media videos.
This unique Glove Wrap is priced at $19.99 and is also available on Amazon.
| Company Name | Glove Wrap | |
| Founder | Gavin Batarse and John Batarse | |
| Founded | 2022 | |
| Product | Baseball & Softball Gloves Wrap | |
| Asked For | $50k for 20% equity | |
| Final Deal | $50k for 22% equity | |
| Shark |  Mark Cuban |  Michael Rubin |
| Episode (Shark Tank USA) | S15 E3 | |
| Air Date | Oct 13, 2023 | |
| Business Status | In Business | |
| Website | Visit Website | |
| Headquarters | Tustin, California, USA | |
| Lifetime Worth (Sales) | $19k *estimated | |
| Buy and Watch | Buy Now | Amazon Prime |
Another Shark Tank Pitch
Who Is The Founder Of Glove Wrap?
Gavin Batarse is the President and CEO of Glove Wrap Company, supported by his father, John Batarse.
Glove Wrap has a strong social media presence, with 100,000 followers across Instagram, TikTok, and Facebook, and a total of approximately 30 million views.
How Was The Shark Tank Pitch Of Glove Wrap?
After their pitch on Shark Tank, John, Gavin, and Morgan sought $50,000 for a 20% stake in their company, Glove Wrap. They effectively demonstrated the benefits of their product to the sharks.
With 1,000 units sold, the company has generated over $19,000 in revenue. The gloves have a landed cost of $3, retail for $19.99, and wholesale for $10.
Michael Rubin, founder of the sports retail company Fanatics, saw potential in the product and teamed up with Mark Cuban. Together, they proposed $50,000 for a 22% stake, which Gavin accepted.
Glove Wrap Shark Tank Update
Glove Wrap secured a deal on Shark Tank, receiving investments from two sports enthusiasts, Michael and Mark. After the episode aired, Barbara, Lori, and Michael shared the company’s journey on their Twitter accounts, celebrating the success of this 8-year-old business.
Before Shark Tank, Glove Wrap had sold 1,000 gloves in total. However, after the show aired, they sold another 1,000 units within just a few days.
What Is Glove Wrap Net Worth?
Based on the company’s lifetime sales and valuation, Glove Wrap’s estimated net worth is approximately $100,000.
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 |
| 2023 | $19k *estimated |
Funding Reports to Date!
| Years | Funding Amount | Investor |
| 2023 | $50k | Mark Cuban Michael Rubin |
This business is located in Tustin, California, USA.
