Glove Wrap Shark Tank Update (Season 15)

The Glove Wrap is a large piece of rubber designed to wrap around gloves and prevent them from breaking. Traditional methods for preserving gloves may not always be effective. On social media, you can find many videos demonstrating techniques like placing a ball inside gloves, wrapping them tightly, and leaving them overnight.

This unique Glove Wrap is priced at $19.99 and is also sold on Amazon.

Company NameGlove Wrap
FounderGavin Batarse and John Batarse
ProductBaseball & Softball Gloves Wrap
Asked For$50k for 20% equity
Final Deal$50k for 22% equity
SharkMark Cuban Shark Tank Profile Mark CubanMichael Rubin Michael Rubin
Episode (Shark Tank USA)S15 E3
Air DateOct 13, 2023
Business StatusIn Business
WebsiteVisit Website
HeadquartersTustin, California, USA
Lifetime Worth (Sales)$19k *estimated
Buy and WatchBuy NowAmazon Prime

Another Shark Tank Pitch

Who Is The Founder Of Glove Wrap?

Gavin Batarse serves as the President and CEO of Glove Wrap Company, with support from his father, John Batarse.

Glove Wrap’s social media presence is strong, boasting 100,000 followers across Instagram, TikTok, and Facebook, with approximately 30 million views in total.

How Was The Shark Tank Pitch Of Glove Wrap?

After their pitch on Shark Tank, John, Gavin, and Morgan sought $50k for a 20% stake in their business, Glove Wrap. They effectively presented the benefits of Glove Wrap to the sharks.

With 1,000 gloves sold, they’ve earned 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 sports retail company Fanatics, saw potential in the product and approached Mark Cuban to join forces. They proposed $50k for a 22% stake, which Gavin accepted.

Glove Wrap Shark Tank Update

Glove Wrap sealed the deal on Shark Tank, securing investments from two sports enthusiasts, Michael and Mark. Barbara, Lori, and Michael took to their Twitter handles to share the journey of this 8-year-old business.

Before Shark Tank, the business had sold 1,000 gloves in its lifetime, but after the show aired, it sold another 1,000 gloves within just a few days.

What Is Glove Wrap Net Worth?

Based on the company’s lifetime sales and valuation, the estimated net worth of Glove Wrap is around $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.

YearsAnnual Revenue
2023$19k *estimated

Funding Reports to Date!

YearsFunding AmountInvestor
2023$50kMark Cuban
Michael Rubin

This business is located in Tustin, California, USA.

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