What Happened To Nightcap In Shark Tank?

Nightcap After Shark Tank Update: When you go to a party and you knowingly unknowingly put some intoxicant in your drink, This has a very bad effect on your health. This is a big problem for Teenager Society. To solve this problem, Nightcap has come up with Drink Cover and Spike Prevention Scrunchy products.

So this Nightcap especially solves a big problem of drink spiking. Before talking about the Nightcap product, let us understand what is this drink spiking. Drink spiking is not a new word, it has been going on for many years, its victims are teenagers in schools, and colleges, with the highest percentage of women.

What Is Nightcap?

Nightcap is a temporary solution to the Drink spiking problem. This product is a type of drink cover and spike prevention scrunchie. This flexible cover of Nightcap is made of nylon/spandex combination and can fit all types of standard drinking glasses.

It has been made completely fashionable so that it can be worn in hair and hand etc. and it will also look good. This product can be machine washed, it has a small space for inserting the straw so that drinking can be done. The straw they have is stainless steel and is specially designed with a cleaning brush.

Who Is The Founder Of Nightcap?

Shirah Benarde is the Co-Founder and CEO of Nightcap Company and his brother Michael Banarde is its President and Co-Founder.

Shirah When she was 16 years old, she made the first prototype of this product. Right now she is working full-time in her company as well as studying Public Relations, and Advertising at the University of Tampa.

When Michael was 21, he saw this prototype made by his sister, which was a real temporary solution of drink speaking.

Nightcap Shark Tank Update

Company Name	Nightcap
Founder	Shirah Benarde and Michael Benarde
Founded	2019
Product	Drink Cover and Spike Prevention Scrunchie
Asked For	$60k for 20% Equity
Final Deal	$60k for 25% Equity
Shark	Lori Greiner
Episode (Shark Tank USA)	S12 E12
Air Date	Feb 5, 2021
Business Status	In Business
Nightcap Net Worth	$2.1M *estimated
Headquarters	Tallahassee, Florida, United States
Nightcap Instagram	View Profile
GO TO AMAZON	Buy Now

Also Read This: What Happened To Bee D’vine After Shark Tank?

Nightcap On Shark Tank Pitch

Shirah & Michael, founders of nightcap Drink Cover, pitched their product Shark at Shark Tank. They had made a temporary solution to a real problem. She has been doing business for 11 months till she came to Shark Tank, in September she generated $68,000, But in 6 weeks she did sales of $40,000.

Regarding this sales number, Michael said that he did not have the right knowledge of marketing at the beginning. He believed that with just simple Facebook ads, he would bring sales, but that did not work.

Lori Greiner said about this business that she liked it, she has not yet seen any product in Shark Tank that is above the social mission. Lori’s offer was $60,000 for 25% equity, only an extra 5% of the founder’s equity.

Along with this offer, Lori also said that she would do social media marketing for this business, and make videos and she would reach it in every woman’s hand. Shirah Benarde and Michael Benarde accepted Lori’s offer of $60,000 for 25% equity.

Nightcap Net Worth

In 2022, this company had done that it was successful in achieving $2.1 million in revenue. Looking at this revenue, we think Nightcap’s Net Worth could be around $350,000. The founders are currently focusing on expanding their business.

Is Nightcap Still In Business?

Yes, Nightcap is still in business as of November 2022.

Two years ago, this company participated in the FSU’s InNOLEvation Challenge Competition, in which 50 startups competed.

Nightcap brought a winning amount of $10,000 by winning this competition.

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