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People’s Design Scooping Bowl Shark Tank Update

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I have an interesting story or rather I would say an interesting story about a bowl. A simple bowl in your kitchen. The one that you use to wash, the other one which you use to mix, or another one that you use to strain your ingredients. I am not talking about an ordinary bowl from your kitchen but an All-in-One scooping bowl.

A multi-purpose mixing bowl, with an attached and detachable spatula that helps remove all the ingredients at once, it has an egg separator, It can wash and strain at the same time and separate various items easily. The All-in-one scooping bowl is made of plastic and given an odd shape with a plastic handle that serves multiple purposes. The product comes under and was presented by people’s design.

Scooping Bowl at a Glance-

IdeaTo reduce the number of utensils used.
FoundersTyler Peoples
Asked For$75,000 For 25% equity
Accepted Deal$75,000 for 33% equity
SharksLori Greiner
Business statusIn Business
Episode No.Season 8, Episode 23

Index:

Founder Story:

Tyler People, a chef, and entrepreneur from Colorado is the founder of this design. The idea of this scooping bowl popped into his mind when he was working as a chef at Colorado’s historic Briarhurst Manor. It took him a lot of extra time to transfer the substances from one container to another which resulted in him leaving his job.

But his passion to feed people did not allow him to rest, he started working at the Springs Rescue Mission and there he developed the first Scooping Bowl to reduce his kitchen efforts. He did everything on his own and created the bowl.

Did Scooping Bowl get a deal on Shark Tank?

Tyler Peoples entered shark Tank seeking an investment of $75,000 for 25% of the company. He demonstrated how the mixing bowl is different from any other bowl, and in this presentation, the sharks were very impressed. Lori Greiner immediately made an offer of $75,000 for 33% of the company.

To this offer of Loris other sharks made it easy for Tyler and backed out from investing. Peoples countered Greiner and asked to make it 25% plus $1 royalty per bowl but Greiner refused and said that her offer was the final offer. Eventually, Tyler accepted Lori’s offer and cracked his deal for his Scooping Bowl.

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What happened to Scooping Bowl after Shark Tank?

As promised by Lori, the bowl was featured on QVC and it was renamed “Squeebie Bowl”, it was also featured on her website. Right after the show aired, about 3000 and more bowls were sold. However, the official website is no longer available and the last update on their Twitter page was in 2017, it is not even available on Amazon. The item is presented as sold on QVC’s official website.

The scooping bowl was sold in two colors, blue and sage at $22.95. The valuation of the company during the pitch was $300,000 which was brought down to $227,272 after the deal. The company was successful in selling $500,000 worth after the show.

After appearing on Shark Tank in 2015, the Scooping Bowl renamed to Squeebie Bowl received mixed reviews from customers, with some praising its functionality and others complaining of leaks and difficulty in cleaning. Despite the challenges, the company continued to sell the Squeebie Bowl on its website and through Amazon.

However, it appears that the Squeebie Bowl is no longer in production, as the product is currently unavailable for purchase on both the company website and Amazon. It is unclear whether the company has permanently closed or if they plan to bring the product back to market in the future.

Competitors

Bamboo Mixing Bowl

Is Scooping Bowl still in business?

It is not sure if the company is in business, the bowl is listed on QVC’s website, but is out of stock. The official website is down. However, it appears that the Scooping Bowl renamed to Squeebie Bowl is no longer in production, as the product is currently unavailable for purchase on both the company website and Amazon. It is unclear whether the company has permanently closed or if they plan to bring the product back to market in the future.

What is the Net Worth of Scooping Bowl?

The net worth of the company during the pitch was $300,000 which was brought down to $227,272 after the deal. The current net worth is unknown.

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FAQs:

What is Scooping Bowl?

It is a multi-purpose mixing bowl, with an attached and detachable spatula that helps remove all the ingredients at once, it has an egg separator, and It can wash and strain at the same time and separate various items easily.

What's the net worth of Scooping Bowl ?

The net worth of the company during the pitch was $300,000 which was brought down to $227,272 after the deal.

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