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Detrapel Shark Tank Update

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Detrapel is a product that is advertised as a liquid repellent for clothing, shoes, and gear. It is said to make the treated items resistant to water, oil, and other liquids. It is not clear what the active ingredient in Detrapel is, but it is likely a form of fluoropolymer.  It is a stain-repellent product to protect your favorites from spills and stains.

The technology used is nanotechnology, which makes the surface superhydrophobic. It creates a later coating for fabric, leather, and textile surfaces. The coating is transparent and invisible, it’s a silicon dioxide coating that self-cleans itself. It works on all types of surfaces, it is absorbent, semi, and non-absorbent as well.

The product is well tested as it is non-flammable, eco friendly, it also contains anti-fade, anti -UV, and anti-bacterial. It is suitable for various types of fabric like Suede, Nubuck, Leather, Fabric, Nylon, Synthetics, Canvas & Sheepskin.

Detrapel at a glance-

IdeaStainless, odorless, clean, conditioned, and protected world
FoundersDavid Zamarin
Asked For$200,000 for 20%
Accepted Deal$200,000 for 25% equity
SharksMark Cuban and Lori Greiner
Business statusIn Business
Episode No.Season 9, Episode 15
Buy on AmazonBuy Now!

Index:

Founder Story:

David Zamarin is the founder and CEO of Detrapel, a liquid repellent for clothing, shoes, and gear. He is also the inventor of the product. He is a chemical engineer who has been working in the field of fluid dynamics for over 20 years. He has also worked for companies such as DuPont and 3M in the past.

He started Detrapel to create a liquid repellent that is both effective and environmentally friendly. Do you know the founder David was just 15 years old when he started he sold his first business and started Detrapel? For four years the casting producers of shark tank observed David when he got in touch with them at the age of 15. And finally, when he was 18 he was selected as the applicant who would be aired on the show. David has always dreamed big.

He rewatched the seasons a lot of many times to get himself prepared, with his research he prepared his pitch well and impressed the sharks he wanted to join. Zamarin has spent the majority of his life as an entrepreneur. He is the founder and CEO of Detrapel Inc. in Framingham.

See also  Evedrop Shark Tank Update

Did Detrapel get a deal on Shark Tank?

Yes, the company did get a deal on the show. It made a deal but also got in four sharks excited to get in the business. Yes, looks like David impressed the sharks with his product.

While on one side Mark and Lori teamed up and offered $2 Million for 25%, with a promise to help him get in contact with other nanotechnology companies, Robert and Rohan teamed up and offered $2 Million for 23%. Under the guidance of Barbara, he closed the deal with Mark Cuban and Lori.

What happened to Detrapel after Shark Tank?

The company website was flooded with traffic in the first 24 hours after the show. They sold $1 Million in these years.

The amount of revenue that the company had raised before the pitch was $1.25Million hoped to generate at the time of the pitch was $3.75 and after the show aired the company continued to generate about $4 Million per year and by 2021it had raised 12 Million.

The valuation of the company during the pitch was $1 Million, it was brought down to $800,000 after the deal and after the pitch in 2022, it has revenue of around $13 Million.

Some of the products are Shoe and Sneaker protectors, fabric and clothing protectors, and fabric and upholstery, the very new product is a stain and odor remover.

Competitors of Detrapel

  • PPG Pittsburg Paints
  • Unelko Corp
  • nCoat Inc
  • Nutech Paint LLC

What’s the net worth of the company Detrapel?

The net worth of Detrapel before the pitch was $1 Million, it went to $800,000 after the pitch and after accepting the deal, and today it has revenue of around $13 Million and is valued at around $26 million as per our estimation.

Is the company still in business?

Yes, the Detrapel is still in business and has grown tremendously. The products are versatile and the best in the market. One bottle of the protector can be used for five shoes. They give all the user manuals and have raised $5 Million till today.

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FAQs:

what is Detrapel?

Detrapel is a product that is advertised as a liquid repellent for clothing, shoes, and gear. It is a stain-repellent product to protect your favorites from spills and stains.

What is the net worth of Detrapel?

The net worth of the company before the pitch was $1 Million and today it’s $13 Million, and today it has revenue of around $13 Million

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