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What is Rinseroo?
Rinseroo is a slip-on hose attachment that simplifies various rinsing and bathing tasks, eliminating the need for buckets and reducing backaches. It works on sinks, showerheads, and tub faucets and can be used for cleaning, pet bathing, and personal hygiene.
Rinseroo's Shark Tank Pitch Recap
Lisa and Jake pitched Rinseroo, a slip-on hose attachment for easy rinsing and bathing. They asked for $343,000 for 5% equity, valuing the company at $6.86 million. They shared their impressive sales figures, exceeding $1 million in their first year and projecting close to $5 million in the current year, with high profit margins and low customer acquisition costs. Multiple sharks were interested, but Lori Greiner offered them the full amount for the requested equity. Lisa and Jake happily accepted Lori's "Golden Ticket" offer.
Who invested in Rinseroo?
Lori GreinerRinseroo's Pitch Highlights
The idea for Rinseroo came to Lisa while she was showering at her beach house.
The founders followed Lori Greiner's book, "Invent It, Sell It, Bank It!"
Lisa and Jake bootstrapped Rinseroo to over $1 million in sales within a few months and were profitable in their first year.
Rinseroo received Lori Greiner's "Golden Ticket", which she hadn't awarded to anyone the previous year.
Despite numerous knockoffs, Rinseroo has a protection service to take them down and also holds a patent for their product.
Jake, Lisa's son, never cleaned his shower once during his four years of college.
They even had a pet named Joey, who was hard to bathe without Rinseroo and made their bathroom like a water bomb explosion site
Rinseroo Shark Tank Update
- Won the coveted "Golden Ticket" on Shark Tank.
- Secured a deal with Lori Greiner for $343,000 for 5% equity.
- Experienced a significant boost in sales after the show.
- Expanded product line beyond the original shower rinser.
Key Milestones
March 2019 - Company Launch
Launched Rinseroo.
2019 - Achieved Profitability
Became profitable within months of launch.
2020 - First Million Sales
Achieved $1 million in sales in the first year.
January 31, 2025 - Shark Tank Appearance
Appeared on Shark Tank and won the Golden Ticket.
2025 - Sales Projection
Projected $5 million in sales by 2025.
