Touch up Cup Shark Tank Update (Season 12)

The Touch-up Cup is a paint storage container product that the founders Jason Grill and Carson Grill introduced in Shark Tank Season 12 Episode 1. It is both father and son. This touch-up cup was invented by Carson in 2017. Carson used to help his father Jason in painting the house.

Carson is a young boy of 15 years, he made this product to help his father with house paint. Carson is a talented boy, his mind went into making this Touch Up Cup product which helps prevent the paint from getting wasted by falling.

Touch up Cup, which is a product of Dz Innovation, was launched in June 2017 in the Cincinnati metropolitan area.

It is an innovative product that solves the disgusting smell and mixing issues of paints. It is mixed by adding paint to the storage container and shaking it through a stainless steel bowl, It is quite easy, in this the percentage of paint falling is negligible.

If you use paint then you will know that when you use paint once, after that when air gets in it, it gets wasted.

For this, the paint has to be stored in an air-tight container, the Touch up Cup are air-tight, waterproof containers.

Jason & Carson Appears on Shark Tank with their Business Pitch for $150,000 for 10%, which they need to scale their startup.

Carson told Shark Tank that the Touch Up Cup is available in various retail stores across the country, In the two years of 2020, it generated sales of $220,000, and in 2020 it made sales of $400,000 before the end of the year.

What Is Touch Up Cup?

The Touch up Cup is a sustainable paint storage container that is also air-tight, and waterproof. Touch Up cup is used to shake the paint and do it. It is quite useful and this product is manufactured by the company Doz Innovation.

It comes to you in different types of work, especially in painting. When you present the paint for painting, first of all, the paint has to be shaken so that the paint dissolves properly.

paint is mixed using a brush or any other means But it falls while mixing, which makes the ground dirty and increases the work.

This touch up cup is useful in solving this type of problem. It is a sustainable, eco-friendly paint store container.

In this container, the paint is shaken gently so that the paint gets mixed, this container has a hard plastic bowl which makes it easy to shake.

Due to it being air-tight and waterproof, the paint in it stays for a long time. In this, color, room, and date can be marked so that they can be identified correctly.

Touch-up cups are not limited to paint products only, they also make Touch Up Roller Saver, Touch Up Brushes, Touch Up Roller, Piggy Pouch, Donut Fresh, and Muffin Fresh.

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Who Is The Founder Of Touch-up Cup?

Carson Grill is the Founder and CEO of Touch-up Cup, its parent company, Dz Innovation.

Paint mix and waste is a daily problem that happens to people every day, In today’s time, people paint their own houses because they are not professional, so they are not able to mix the paint properly. When he tries, some part of the paint falls from him.

It solves the problem of the touch-up cups. This is made by 15-year-old teenage Carson. So he invented this product to help his father.

Carson’s father Jason had helped him a lot in inventing this product. Jason gives all the credit for this product to his son Carson.

This 15-year-old boy was featured in many news channels after inventing this product in Cincinnati, Ohio Station, Spectrum News1.

Carson after completing his schooling at Bishop Fenwick High School in May 2022, High School Diploma in entrepreneurship at Cincinnati Hills Christian Academy.

Touch Up Cup Before Shark Tank

This eco-friendly container is used for different paint projects if it solves the problems associated with paint waste and paint mix.

In 2017, Carson started the Touch Up Cup company, and after that, he brought the company under the Dz Innovation Company.

Carson invented this product and his father Jason helped him to manufacture this product. But Carson manages this entire business and manages all its sales.

It is available in over 4000 sand stores in the United States as well as Walmart, Lowes, Home Depot, Amazon, and many other outlets.

How Was The Shark Tank Pitch Of Touch Up Cup?

Jason Grill & Carson Grill This father and son went to Shark Tank with their business plan so that Shark could invest in it. This funding should help them in marketing and scaling the product.

After joining Carson and his father on Shark Tank, they asked for an investment of $150,000 in exchange for 10% equity in their company. After this Ask, the worth of this company is $1.5 million.

He, with his good presentation on Shark Tank, said that his revenue for the last 2 years was $220,000. In the middle of the month of 2020, this company generated sales of $400,000.

According to the founder, the making cost of Touch Up Cup is $0.90 and it is sold for $3.99 to $4.99 in retail price.

In the discussion of Shark Tank, the founder said that he manufactures his product in China because it reduces the cost of the product.

So now the sharks are ready to offer the Touch Up Cup. Quite Shark This 15-year-old entrepreneur was interested in investing in this business considering the business mindset.

Blake Mycoskie: Mycoskie said that he would help them grow this business and it needed more money. Mycoskie’s offer about this business is $200K for 25% Equity.

Daymond John #1: John made a direct offer of $200K for 17.5% Equity in this business without much talk.

Mark Cuban: Cuban said it was a very good business but he was out of it because the rest of the sharks had a great offer.

Daymond John #2: John made his second offer of $150K for 20% equity, he says Doesn’t like that neither of them will be around to work on the business full-time. It’s going to make additional money to have someone else run it.

Enterpernure: The founder made a counteroffer to both sharks for $150,000 at a 17.5% stake.

Blake Mycoskie #2: Due to the counteroffer of $150K for 17.5% Equity of the founder, Mycoskie said that this is a good offer for him.

Enterpernure: The founder made another counteroffer that was $200K for 20% equity.

Blake Mycoskie #3: Mycoskie said that this $200k for 25% equity was his final offer and he would not change it.

Finally, Carson agreed to Mycoskie’s offer of $150k for 17.5% equity.

Touch up Cup Shark Tank Update

Shark Tank is a show that works to fulfill the dream of American Enterpernure. Due to its business idea, this television provides funding to show business owners.

After appearing in Shark Tank, Jason Grill told during an interview with Cincinnati Business Courier Newspaper that The sale of Touch Up Cup was $2 million in 2021.

This company has done a private label partnership with Frog Tape. As per the private label agreement, Touch Up Cup is manufactured under the brand name Frog Tape.

This father and son appeared on several television shows to share their experience and journey in Shark Tank.

Carson started this company only at the age of 15, which is a big inspiration, due to which many big news channels covered them.

During the show, he had a sale of $50,000, it was only one night’s sales. In the year before 2021, he had generated sales of $1 million.

They believe that they will generate $3 million in sales in 2022. He has also launched many new products.

After this success, Founder Carson bought his first car. Jason says that by the time he goes to college, he will try to bring this company’s sales to $5 million.

In January 2023, this company launched a new product named Touch Up Tarp. This product is an anti-slip drop cloth.

After Shark Tank, the sales of the Touch Up Cup company were very good, in 1 year 2021 to $2 million in sales. Investor Blake Mycoskie helped this business to grow and expand internationally.

By November 2022, this company has launched multiple products, including Touch Up Roller, Touch Up Brushes, Touch Up Roller Saver, and many more.

What Is Touch Up Cup’s Net Worth?

This father and son had valued their company at $1.5 million, but this was done after the offer changed in Shark Tank.

After the show Shark Tank and through marketing strategy, they generated sales of $2 million by 2021. Its growth graph is slowly moving upwards. In November 2022, the company’s sales reached $3 million. Touch Up Cup’s net worth is currently estimated at $1.7 million.

Touch Up Cup is growing slowly, it comes under its parent company Doz Innovations.

After the success of the first product, Dz Innovations is launching many more innovative products.

Touch Up Cup product is also available on Amazon 65% of customers have rated this product 5 stars on Amazon.

Yes, Touch Up Cup is still in business as of April 2024.