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Goverre Shark Tank Update

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Goverre is nothing but a portable wine glass brand that manufactures a set of glass or spicy cups. Goverre glass is very strong as it is made up of doubled thick soda lime glass. Goverre has a silicon sleeve texture for the grip and stability of the glasses.

Goverre wine glasses are made from original glass therefore the taste of wine does not get altered or change. Glasses are transparent white with bright and candy-colored handles. Goverre can handle more than 3 glasses per shelf and in total more than 17 glasses. Goverre is perfect to sip your flavor cocktail in the hot summer. Goverre comes with a portable lid and grip sleeve.

Goverre at a Glance:

IdeaThicker cup of wine
FoundersRegan Kelaher and Shannon Zappala
Asked For$200,000 for 13% equity
Accepted Deal$200,000 for 33.3% equity
SharksRobert Herjavec, Loir Greiner and Mark Cuban
Business statusIn Business
Episode No.Season 8, Episode 22
WebsiteGoverre
Buy on AmazonBuy Now!

Index:

Who are the founders of Goverre?

Regan Kelaher and Shannon Zappala are the founders of Goverre. Founders wanted something much thicker than the available wine glasses. Regan and Shannon wanted their product to be featured with multitasking. Regan and Shannon used to work in the healthcare and medical industries. They wanted to start something they’re from a long time and used to discuss it a lot.

Finally, they noticed a gap and used it as an opportunity. By 2017, they left their corporate jobs and turned full-time in Goverre. Initially, they set up their business at Shannon house and gradually they spread into the market. Regan and Shannon are equal partners in the business.

Did Goverre get a deal on the Shark Tank Show?

Regan Kelaher and Shannon Zappala came on the shark tank seeking an investment of $200,000 for an exchange of 13% equity in return. Founders shared their whole story and presented their whole business idea in front of the sharks. Founders shared that they do not like to use plastic materials so, they invented Goverre.

Regan said everything is fine with a cup of wine. Sharks had a long chit-chat during the pitch with the founders of Goverre. Regan poured the glasses with the wine. Sharks drank their personalized wine and were seem impressed by their invention. Kevin O’Leary seems to be dazzled as he offers $200,000 for an exchange of 33.3% equity in the business. Daymond did not show much interest and went out. Robert Herjavec jumped in and showed his interest, Robert asked Mark and Lori to join in and they agreed. Trio gave an offer of $200,000 for a 33,3% equity in return.

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Founders gave a counteroffer to Kevin of $20,000 for an exchange of 15% equity in the business. Robert immediately said our offer is non-negotiable, either you take it or leave it. After a long discussion among them, Regan and Shannon agreed to deal with Robert, Mark, and Lori.

What happened to Goverre after the Shark Tank Show?   

Once the show aired, Goverre felt the real success in just a week. They did a sale of more than $384,000 in just a week after the show. After the show, Goverre spread over more than online stores in the market. After the show, they used the investment money to increase their cash flow in the business. Goverre is completely a unique concept as it can be easily carried with any damage which was proved to be its USP. The deal also got closed after the show aired and was officially mentioned by the sharks on their business list.

During the pitch, they asked for a valuation of more than $1.5 million which was later brought down to $60,060 by sharks. Before the show, they did a total sale of more than $320,000 which was busted out in few days after the show to unexpected figures.

Goverre usually costs $5.50 to make and is retail for $19 in the market. They have various other accessories on their website which includes a Champagne flute ($19), Cocktail glass ($19), Turquoise ($28), Round Charcuterie plate($25), and Mini Charcuterie plate ($25). As of 2022, they are operating through both online and offline stores in the market. The hard work of Regan and Shannon seems to be fruitful after the show.

Competitors of Goverre are: –

  • KleanKanteen
  • Shannons Wine
  • Bluebottol White Wine Candy

What is the net worth of Goverre?

As of 2022, Goverre has an estimated net worth of $2 million. They came on the show with a valuation of $1.5 million, which was later improvised to $60,060 by the sharks.

Is Goverre still in business?

Goverre is still in business and is doing great in the market. Goverre manufactures eco-friendly products which is the key element for the success of Goverre. Goverre sells other accessories along with portable wine glasses. We can hope that they would be coming with various other new products soon. Bizz Bucket wishes more success on its path.

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FAQs:

What is Goverre?

Goverre is nothing but a portable wine glass brand that manufactures a set of glass or spicy cups. Goverre glass is very strong as it is made up of doubled thick soda lime glass. Goverre has a silicon sleeve texture for the grip and stability of the glasses.

What's the net worth of Goverre?

As of 2022, Goverre has an estimated net worth of $2 million. They came on the show with a valuation of $1.5 million, which was later improvised to $60,060 by the sharks.

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