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Kettle Gryp Shark Tank Update

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Kettlebells are great equipment to exercise with. But the problem with kettlebells is that they take up a lot of space and hence, it is difficult to store them at home. Kettle Gryp is equipment that can be attached to any dumbbell to turn it into a kettlebell. Kettle Gryp can hold the weight up to 55 pounds and help the user do the all-around exercises that they can do with kettlebells.

Kettle Gryp can be found on Amazon. One Kettle Gryp costs $34.95. There is no added weight to the equipment and not much added cost to get that perfect exercise routine. Kettle Gryp is designed in such a way that it is portable and can be taken from one place to another in a small bag. Kettle Gryp has an ABS plastic grip, which is preferred in many kettlebells.

Kettle Gryp at a Glance:-

IdeaKettle Gryp:- Convert dumbbell into a useful kettlebell
FoundersDaniel Sheppard and Andrew Thomas
Asked For$300,000 For 10%
Accepted Deal$300,000 For 20%
SharksLori Greiner
Business statusIn Business
Episode No.Season 13, Episode 13
WebsiteKettle Gryp
Buy on AmazonBuy Now!

Index:

Who are the founders of Kettle Gryp?

Daniel Sheppard and Andrew Martin are the founders of Kettle Gryp. Daniel used to have a small business in San Diego in the late 1990s. Andrew was a man of his country. He served as a military veteran for 20 years and flew choppers for marines too. When they met, they decided to come up with an idea that would save people money and build fitness.

Andrew and Daniel are themselves fitness freaks. They noted that holding a dumbbell provides grip for only one hand, so they built a prototype of Kettle Gryp, tested it, and finally launched it in the market. Unfortunately, after appearing in the shark tank, Andrew got cancer and he died a few weeks before the show aired.

Did Kettle Gryp get a deal on the Shark Tank?

Andrew Martin and Daniel Sheppard are the founders of Kettle Gryp, who appeared on the Shark Tank show in season 13, episode 13. They started their pitch by demonstrating the idea of what Kettle Gryp is based on and also did a few exercises to present it better. The duo pitched $300,000 for a 10% stake in their business. Sharks tried their hands on a few samples and Robert shared that, according to him, Kettle Gryp is better than a kettlebell as it has a perfect grip.

Kevin O’Leary asked about the sales, to which Andrew replied that they had made sales of $3.6 million to date. Kettle Gryp had sales of $391,000 in 2018, $590,000 in 2019, and $1.9 million in 2020 and is forecasted to reach $1 million by the end of 2021 on the show. Mark Cuban asked about their presence in which they shared their need to have a strategic partner who could help them with marketing. Robert Herjavec shared that it can’t grow anymore and for that reason, he’s out.

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Mark Cuban said dumbbells directly to the customer. They have a limited market and, therefore, he’s out too. Kevin O’Leary gave them an offer of $300,000 for 20% equity in the business. Lori Greiner gave the same offer as Kevin’s with the justification that she can help them to build their retail market. Andrew and Daniel gave a counteroffer to Lori Greiner of $300,000 for a 15% stake in the business. Lori agrees to the counter and they get a deal.

What happened to Kettle Gryp after the Shark Tank  Show?

On the show, they have a beautiful and experienced shark, Lori Greiner, on their team. After the show, Andrew learned that he had cancer and left Daniel and Lori’s journey in between. Andrew died before the airing of the show. 

During the pitch, they came up with a valuation of $3,000,000, which was later reduced to $2,000,000. After the show aired, Lori closed the deal with Daniel and her team. After the show, they had sales of $1.2 million and are planning to go ahead with the blessing of Andrew.

Lori Greiner also gave tribute to Andrew on Twitter. Kettle Gryp improved the grip holding and is available on the website for $34.95, having two color options; orange and black. As of 2022, Lori Greiner and Daniel are moving the wheels of Kettle Gryp. After the death of Andrew, there was a set-back moment for Kettle Gryp. Further updates will be made soon.

Competitors of Kettle Gryp are:-

  • Delos
  • Zesty
  • Air Worldwide
  • Extraordinary RE.

What is the net worth of Kettle Gryp?

The valuation during the show was $3,000,000, which was brought down to $2 million by Lori Greiner. The estimated net worth of Kettle Gryp is $1 million as of 2022.

Is Kettle Gryp still in business?

Kettle Gryp is still in business and will do great in the future. After the show, Andrew died due to cancer and Lori also closed the deal. They had sales of $1.2 million after the show aired.

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FAQs:

What is Kettle Gryp?

Kettlebells are great equipment to exercise with. But the problem with kettlebells is that they take up a lot of space and hence, it is difficult to store them at home. Kettle Gryp is equipment that can be attached to any dumbbell to turn it into a kettlebell.

What's the net worth of Kettle Gryp?

The valuation during the show was $3,000,000, which was brought down to $2 million by Lori Greiner. The estimated net worth of Kettle Gryp is $1 million as of 2022.

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