Kettle Gryp Shark Tank Update – Shark Tank Season 13
Daniel Sheppard and Andrew Martin pitched Kettle Gryp, a device that converts dumbbells into kettlebells, on Shark Tank Season 13.
Daniel Sheppard and Andrew Martin wanted an investment in Kettle Gryp, their device that converted an ordinary dumbbell to a kettlebell weight, on Shark Tank Season 13 Episode 13.
Check out more Shark Tank Season 13 Episodes.
About Kettle Gryp
| Category | Details |
|---|---|
| Business Name | Kettle Gryp |
| Founders | Daniel Sheppard and Andrew Martin |
| Industry | Fitness Equipment |
| Product | A device that converts dumbbells into kettlebells |
| Deal Status | Deal secured with Lori Greiner |
| Investment Asked | $300,000 for 10% equity |
| Deal Outcome | $300,000 for 15% equity |
Daniel had been a small business owner in San Diego since the 1990s. Andrew was a 20-year military veteran who flew helicopters for the Marines. Both men shared a passion for fitness and created their product to help people save money.
For home gym enthusiasts or just anyone who wants to add kettlebell exercises to their routines, it could get expensive, and storage could be an issue; Kettle Gryp aimed to solve that problem by offering a 2-in-1 product.
Their product was essentially a handle that was attached to a dumbbell and transformed into a kettlebell grip. There was no longer a need to buy separate kettlebells, which could cost a pretty penny. Kettle Gryp sold for just $35 and was available at Walmart, Target, Dick’s, and Amazon.
With such broad distribution, they likely needed a Shark’s help with inventory, manufacturing, or both. Whether a Shark would give this business a lift remained to be seen.
Kettle Gryp Shark Tank Recap
Andrew and Daniel entered and began talking about the benefits of kettlebells and how they came up with the idea. They demonstrated how it worked and did a few exercises. They were seeking $300,000 for 10% of their business.
The Sharks put the product together and tried them out, and Robert thought it felt better than a kettlebell due to the wider grip.
Each unit costs $6.57 to make and sells for $34.99, an 81% margin. The Sharks all thought it was a great product and liked that it was made in the USA and patented. There were 2–3 companies that had knocked them off.
Did Kettle Gryp Get a Deal on Shark Tank?
Mark wanted to know why they were in the Tank, to which they expressed the need for a strategic partner to help them with marketing.
Robert didn’t think it was for him, and he was out first. Mark said they had a secondary product, and he was out too. Kevin mentioned PRX and offered $300,000 for 20%.
Lori said she could help sell it in retail and she offered $300,000 for 20% as preferred stock. They countered with 15% and Lori said, “You got a deal.”
What Makes Kettle Gryp Unique?
Kettle Gryp offer a portable mix of dumbbells and kettlebells, which are a must-have for any fitness enthusiast.
Kettle Gryp Shark Tank Update
Sadly, Andrew came down with cancer a few weeks following the taping of the show, and he passed away in December 2021, just a month before the episode aired.
Lori closed this deal as of March 2022, and the company finished 2021 with around $1.4 million in sales. The company is still in business and has generated more than $3.6 million in lifetime sales.
Where Can You Buy It?
Kettle Gryp products are up for grabs on their website and on Amazon as well. Although not very up to date, you can take a look at their Facebook and Twitter (X) as well.
Posts About Kettle Gryp on Shark Tank Blog
Read more information on the Kettle Gryp, as seen on Shark Tank
Quick Summary
- Daniel Sheppard and Andrew Martin presented Kettle Gryp, a device that converts dumbbells into kettlebells.
- The product is essentially a handle that attaches around a dumbbell and changes it to a kettlebell grip.
- They sought $300,000 for 10% equity to expand their business and got a deal with Lori for 15% equity.
More product updates from this episode! Check out other businesses that participated alongside Kettle Gryp.
