Unpack Shark Tank Update

Have you been lately traveling on multiple business trips and don’t know how to match up a new collection of clothes for your next trip abroad, because there just aren’t enough clothes? Well now here’s a remedy for all your packing worries.

Presenting the first-ever packing service that provides all your clothes and toiletries in a box all you have to do is pack your underwear and socks to make your packing worries all go away. All you have to do is follow the three-step rule to travel lighter on your next trip anywhere around the world.

  • 1. Pick the kit you want
  • 2. Enter the destination at which to be delivered
  • 3. Travel light and fresh

Let’s see how this came to be a viable service area for the founders.

UNPACK at a glance:

Business ideaService that packs and delivers clothing to your destination allowing you to travel without luggage
FoundersAaron Liskov and Andrew Zahornacky  
Asked for$500,000 for 40%
Accepted dealNo offer
SharksNo shark
Business statusOut of business
EpisodeSeason 8 Episode 6
WebsiteUnpack
Unpack at a glance

Index:

Founder Story

The two founders Aaron Liskov and Andrew Zahornacky came up with the idea when they were called abroad quite often for business trips after quite some time, they realized they didn’t have enough clothes to refresh their wardrobes for the next trip in mind. This is how the idea of Unpack was born.

The service offers two types of products one for winter and the all-weather pack that has different things to cater to your needs.

Did Unpack get a deal on Shark Tank?

The pitch had a lot to unravel in front of the sharks. After their pitch and demo of the app and service, the shark Mark Cuban was first to ask about sales. The figures for sales didn’t seem to please the sharks, with only 37 users in 6 months.  

Throughout the pitch, the question was answered in hesitation and uncertainty which led to confusion among the sharks. The pitch was such that left the sharks questioning more to clarify their thought about the whole concept and how it will generate revenues. Mark is the first one to advise them to better revamp the service, but Aaron says they are not there to change the business but to improvise/improve on what they already have.

Now came the moment of truth, where the sharks went out one by one. The first one to go out was Robert, who believed that the service of renting second-hand clothes to customers was not a great business concept. Next was Kevin who said that the business idea was horrible, but he wanted to know about the company’s approach to investing in it.

See also  Pluto Pillow Shark Tank Update

Daymond was out of the deal because he had already invested in a Tuxedo renting company which was not a big success. Lori was the last one to go out as she thought the service was a nightmare for the investor and also that the idea needed a lot of attention on only one issue that they would like to solve. Aaron and Andrew walk out without a deal from the sharks.

What happened to Unpack after the shark tank?

The business did not see light and could not sustain itself after its appearance on the shark tank. The company has a website that is functional but doesn’t have any social media presence since 2016. The business got no deal from shark tank and therefore couldn’t be the promising business they had dreamt of and expanded to. The business and service were popular in the New York times and many known newsletters in the country. Unpack shut down in 2017 and currently both founders move to other carrier paths.

About the product:

  • They provide two types of boxes on their website: The all-weather box (unpack box) or the winter box.
  • The product has a selling price of $20 a day per trip. Based on the day’s increase of travel so does the price.
  • The product sends a box full of clothes as per your measured size which they deliver to the hotel reception of the destination you wish to stay.
  • The service is accompanied by an app that takes all your measurements the type of trips and the companies of clothes you like. These selections help the service provider to decide on the clothes to send in the box to the consumers.  

What is the net worth of Unpack?

At the time of Shark Tank’s appearance Unpack was valued at around $1.25 million as per the founders. Unpack shut down in 2017 and currently both founders move to other carrier paths.

Is Unpack still in business?

The business is sadly out of business as of today. The business is no longer doing sales and does not have any type of presence on social media as of today. The business could not fulfill its wishes as a successful business, the business could not sustain itself after its appearance in the shark tank.

Unpack Social Links:

Do Share Your Thoughts:

Do tell us all your thoughts in the comments section below, we look forward to reading all the comments in the section below.

Also, do check our Startup Resources section, and don’t forget to join our weekly newsletter 📰 which contains pure startup and business wisdom and no bullshit!!

Related Articles:

What is Unpack?

Unpack is a service that packs and delivers clothing to your destination allowing you to travel without luggage

Who founded Unpack?

The two founders Aaron Liskov and Andrew Zahornacky came up with the idea when they were called abroad quite often for business trips after quite some time, they realized they didn’t have enough clothes to refresh their wardrobes for the next trip in mind. This is how the idea of Unpack was born.

Leave a Comment

You cannot copy content of this page

Scroll to Top