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What Happened to Petrol (Dog drink) After Shark Tank?

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PetRol dog drink serves two purposes in one product- a treat for one’s dog and smart water to keep them hydrated. Dogs loved PetRol more than regular water.

Reverse osmosis filtered water is mixed with 100% natural vitamins and minerals with natural flavourings to make PetRol. PetRol contains 8 calories per 12 ounces bottle. A four-pack PetRol costs $17 and was available for sale on Amazon.

Petrol dog drink at a glance:-

IdeaDog water to keep them hydrated and nutritious
FoundersJulie Yenichek and Ryan Huyghe
Asked For$150,000 for 20% equity
Accepted DealNo Deal
SharksNo Sharks
Business statusNot in Business
WebsitePetrol
Episode NoSeason 9, Episode 21
Buy on AmazonBuy Now!

Index:

Who are the founders of Petrol?

Julie Yenichek and Ryan Huyghe were the founders of PetRol. They both were entrepreneurs and dog lovers and wanted to devise a formula that would prove beneficial for dogs, nutritionally. They raised $13,795 through an IndieGoGo campaign in the first quarter of 2016.

They wanted PetRol to be sold in retail pet stores, even when the product was available on Amazon, all over the country for which they needed the support of a shark. Julie had invested $100,000 in their start-up, the company had to be stopped because of a lack of funds and Ryan put $25,000 to resurrect the business.

Did Petrol get a deal on Shark Tank?

Julie and Ryan entered Shark Tank in episode 919. They asked for $150,000 for 20% equity of the business. They entered with two dogs who were entertaining the sharks for treats while the founders were demonstrating the product. The dogs collected PetRol as their treat and went out.

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After the detailing and demonstration, the sharks were not much impressed by their sales number, which was just $16,000 in the year 2016. Rohan went out first, saying that he couldn’t see the demand for that product and Barabara went out too because she didn’t trust a business that would start, stop and restart.

Lori felt the same way as Rohan and went out and Robert was not ready to face the externalized challenges that would come their way hence, he was out too. Marl told Julie that sales can cure everything and he was out. The founders walked out of the tank without any deal in hand.

What happened to PetRol after Shark Tank?

After getting no deal in Shark Tank, PetRol got shut down because of diminished funds and the loss incurred by the company. After PetRol was closed down in January 2019, Julie became a Director of Community Relations at Lowe’s and Ryan got engaged with Able Roof and Mr Roof as an Executive Vice President.

Competitors of PetRol

A few of the competitors, that pushed PetRol out of business, are:-

  • Cheers!
  • Woof and Brew

What is the net worth of Petrol dog drink?

At the time of the shark tank appearance, Petrol was valued at around $750,000 by the founders. PetRol had earned $16,000 only since the company started and the further valuation.

Is PetRol dog drink still in business?

No, PetRol is not business currently and the founders have joined other organisations.

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What is Petrol?

PetRol dog drink serves two purposes in one product- a treat for one’s dog and smart water to keep them hydrated. Dogs loved PetRol more than regular water.

Who founded Petrol?

Julie Yenichek and Ryan Huyghe were the founders of PetRol. They both were entrepreneurs and dog lovers and wanted to devise a formula that would prove beneficial for dogs, nutritionally.

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