Gallant Shark Tank Update

Gallant is a business that deals with curing dogs through stem cell therapy. How does Gallant work is the dog sterilized by the vet and its reproductive organs? The organs are shipped in a special container by Gallant and the organs are shipped off. The stem cells are separated from the animal and frozen in liquid nitrogen.

FDA-approved labs of Gallant store these cells and they are shipped whenever needed. Gallant was started with an initial capital of $11 million raised from Silicon Valley businesspeople. People can give $95 for a year to collect and store the cells or get a lifetime service of $595. For the harvesting of the cells, a vet charges around $300.

Gallant Shark at a Glance:-

IdeaSteam Therapy for dogs
FoundersAaron Hirschhorn
Asked For$500,000 for 2% equity
Accepted Deal$500,000 for 5% equity
SharksLori Greiner And Anne Wojcicki
Business statusIn Business
Episode No.Season 11, Episode 8
WebsiteGallant

Index:

Who are the founders of Gallant?

 Aaron Hirschhorn is the founder of Gallant. He had a successful stem cell therapy for his chronic back pain. When his dog suffered from chronic arthritis. So, he went to his peers in Silicon Valley and raised $11 million, and started Gallant.

He knew that stem cell therapy would help many animals and he would love to help them. He also founded Dog Vacay which he later sold to Rover. He just needed a shark’s help to expand his business so that he could help as many pets and pet owners.

Did Gallant get a deal on the Shark Tank Show?

Aaron Hirschhorn came on the shark tank seeking an investment of $500,000 for 2% equity in the business. Aaron gave a demonstration of the product and explained his business and its USP.  Aaron also shared that he is having another investor too in the business. Anne came forward and shared her opinion that she loved a few aspects of the business but CAC is a concerning factor for her so she’s out. 

Daymond John immediately followed Anne and went out. Mark Cuban felt it was too early stage to put in so he went out too. Kevin O’Leary gave two different offers one was for $500,000 in an exchange for 2% equity along with an additional 2% and another one was for $500,000 in an exchange for 1% equity +$10 per unit in perpetuity.

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Lori Greiner took a chance and teamed up with Anne, they gave an offer of $500,000 for 8% equity in the business. Aaron gave a counteroffer of $500,000 for 4% equity in the business. Lori gave another offer of $500k for 5% equity, Aaron accepted the deal with Lori Greiner and Anne Wojcicki.

What happened to Gallant after the Shark Tank?

After the shark Tank Show, Gallant captured some popularity but the deal made on the show hasn’t closed yet. Anne suggested Aaron go down with the price, but Aaron raised the price of the Gallant from $595 to $890. Aaron brought various changes in his business after the show, he added a one-time set-up plan which costs $205 to the customer’s pocket.

During the pitch, they came up with a valuation of $25 million which dazzled everyone, Lori and Anne tried and lately valued the business at $10 million. After the show, Gallant was gradually having success, Unfortunately, In March 2021, Aaron got killed in a boating accident in Miami and the identification took two more months to disclose the news.

After the death of Aaron, running the business was a major concern, As of June 2022, they are still in business and doing production. Gallant offers various packs with the best discounts to get more about Gallant click here. Gallant offers a monthly subscription of $95 to access. Further updates will be added soon.

Competitors of Gallant are:-

  • Forever
  • Target150
  • Amnio Chor

What is the net worth of Gallant?

The estimated net worth of Gallant is $10 million. When they came on the show, they had a valuation of $20 million and they pitched for $25 million. Lori Greiner and Anne brought down the valuation to $10 million.

Is Gallant Still in business?

In March 2021, Aaron the founder of Gallant got killed in a boating accident in Miami even though the business is still stable and is actively selling products worth $5 million annually. Bizz Bucket feels sorry for Aaron and wishes  Gallant a huge success.

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FAQs:

What is Gallant?

Gallant is a business that deals with curing dogs through stem cell therapy. How does Gallant work is the dog sterilized by the vet and its reproductive organs? The organs are shipped in a special container by Gallant and the organs are shipped off. The stem cells are separated from the animal and frozen in liquid nitrogen.

What's the net worth of Gallant?

The estimated net worth of Gallant is $10 million. When they came on the show, they had a valuation of $20 million and they pitched for $25 million. Lori Greiner and Anne brought down the valuation to $10 million.

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