Krapp Strapp is a device bag designed to facilitate “Number 2” outdoors. It features a zipper pocket for storing toilet paper and other essentials. When wrapped around your back and secured to a tree, this bag helps create a proper toilet position, ensuring secure body positioning.
Whether you’re hunting, camping, cycling, or fishing, this device allows you to set up a bathroom facility in the great outdoors. The product costs $49.95 and is available on Amazon.
Company Name | Krapp Strapp | |
Founder | Keith Lindsey and Bob Legg | |
Founded | 2022 | |
Product | Bathroom Outdoor Solution | |
Asked For | $65k for 10% equity | |
Final Deal | $65k for 33.3% equity | |
Shark | Daymond John | Lori Greiner |
Episode (Shark Tank USA) | S15 E6 | |
Air Date | Nov 3, 2023 | |
Business Status | In Business | |
Website | Visit Website | |
Headquarters | Jacksonville, Texas, USA | |
Lifetime Worth (Sales) | $0.2M *estimated | |
Buy and Watch | Buy Now | Amazon Prime |
Another Shark Tank Pitch
The inventors of the Krapp Strapp product are Keith Lindsey and Bob Legg, who officially launched it in 2022.
How Was The Shark Tank Pitch Of Krapp Strapp?
Keith and Bob asked the Sharks for $65,000 in exchange for 10% equity after appearing on Shark Tank. Upon seeing the Krapp Strapp product, all the Sharks began laughing.
The device features two zippered pockets and can support a weight of approximately 400 pounds. Bob, who is 81 years old, is known for his humor.
The product became available in October 2022, and they sold 4,000 units, totaling $199,800 in revenue, without any advertising. The manufacturing cost of the product is $17, while it retails for $49.95.
Keith and Bob sought the Sharks’ help with sales and marketing. Mark, Kevin, and Robert all declined to invest, with Robert admitting he is not well-versed in outdoor products. However, Daymond John and Lori Greiner teamed up to offer $65,000 for 35% equity.
Bob countered with an offer for 25% equity, but Lori responded with a counteroffer of 33.3%. Ultimately, Keith and Bob agreed to Lori and Daymond’s offer.
Sharks Offers list!
Sharks | Offers |
---|---|
Robert Herjavec | No Offer |
Kevin O’Leary | No Offer |
Mark Cuban | No Offer |
Daymond John | Team up with Lori: $65k for 35% equity |
Lori Greiner | Team up with Daymond: $65k for 35% equity |
Final Deals | $65k for 33.3% equity |
Krapp Strapp Shark Tank Update
The Krapp Strapp secured a deal on Shark Tank, with Daymond John and Lori Greiner teaming up to invest $65,000 in the business.
After the episode aired, many users expressed interest in purchasing the product on social media. Daymond and Lori are experienced investors and will help make this product available in big-box retail stores.
What Is Krapp Strapp’s Net Worth?
The estimated net worth of Krapp Strapp is $0.1 million. While it is a unique product, there are concerns that it may get dirty on pants and legs. We hope that following its appearance on Shark Tank, sales will increase.
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 | *estimated |
2022 | $199k *estimated |
Funding Reports to Date!
Years | Funding Amount | Investor |
2023 | $65k | Daymond John Lori Greiner |
Although the product has been on the market for some time, many people remain unaware of it. The airing of this episode has raised awareness about the product.