What does Basepaws offer to cat owners? Basepaws offers at-home DNA test kits for cats, providing insights into breed identification, health risks, and personalized recommendations based on a growing global database.
Summary
- Basepaws, a company offering cat DNA testing kits, appeared on Shark Tank Season 10.
- Founder Anna Skaya sought $250,000 for 5% equity.
- Sharks Kevin O’Leary and Robert Herjavec jointly invested $250,000 for 10% equity.
- Basepaws experienced significant growth after Shark Tank, expanding its product line and increasing revenue.
- The company was acquired by Zoetis in 2022 for over $50 million.
- Basepaws continues to operate under Zoetis, with plans to introduce dog DNA testing kits.
Basepaws Shark Tank Update | Shark Tank Season 10
What is Basepaws?
Basepaws is a leading provider of at-home DNA test kits designed specifically for cats. These kits offer valuable insights into a cat’s breed history, potential health risks, and unique genetic traits.
This information empowers cat owners to make informed decisions about their feline companions’ well-being.
Basepaws also offers a dental health test for cats and is expanding its product line to include DNA tests for dogs.
The Basepaws Story on Shark Tank
In Season 10 of Shark Tank, Anna Skaya, the founder of Basepaws, stepped into the tank seeking an investment to further grow her company.
Her passion for feline health and the innovative nature of her product caught the attention of the Sharks.
Basepaws on Shark Tank
1. The Pitch
| Entrepreneurs | Anna Skaya |
|---|---|
| Business | Basepaws – DNA testing for cats |
| Ask | $250,000 for 5% equity |
| Deal | $250,000 for 10% equity |
| Sharks | Kevin O’Leary and Robert Herjavec |
| Season – Episode | Season 10 – Episode 21 |
| Original Air Date | May 12, 2019 |
| Website | Basepaws |
| Key Points of Pitch |
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| Why Sharks Accepted |
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2. The Ask
Anna Skaya confidently entered the Shark Tank seeking $250,000 in exchange for a 5% stake in her company.
This investment would fuel Basepaws’ growth and allow for expansion into new product lines and markets.
3. The Sharks’ Offers
Initially, Kevin O’Leary offered $250,000 for 8.3% equity plus 1.7% in advisory shares. Robert Herjavec matched this offer.
Other Sharks expressed interest but ultimately declined to make an offer due to concerns about market size and scalability.
4. The Deal
Recognizing the value of having two Sharks on board, Anna skillfully negotiated a joint deal with Kevin O’Leary and Robert Herjavec.
They each invested $125,000 for a combined 10% equity in Basepaws. This strategic partnership provided Basepaws with not only financial backing but also valuable business expertise and mentorship.
Basepaws Products and Services
1. Cat DNA Testing Kits
Basepaws offers easy-to-use, at-home DNA test kits for cats. These kits provide a wealth of information about your feline friend, helping you understand their unique needs and make informed decisions about their care.
2. Breed Identification
Curious about your cat’s ancestry? Basepaws can help! Their DNA test analyzes your cat’s genetic makeup to identify their breed composition.
This can reveal surprising insights into your cat’s heritage and explain some of their unique physical traits and behaviors.
3. Health Risk Assessment
One of the most valuable aspects of Basepaws’ DNA test is its ability to identify potential health risks.
By screening for genetic markers associated with common feline diseases, Basepaws can help you proactively manage your cat’s health and potentially prevent future issues.
4. Personalized Recommendations
Basepaws goes beyond simply providing data. They offer personalized recommendations tailored to your cat’s specific needs.
This includes advice on nutrition, grooming, and lifestyle choices, all based on your cat’s genetic profile.
5. Global Database
Basepaws maintains a comprehensive global database of feline DNA.
This allows them to continually refine their analysis and provide increasingly accurate and detailed information to cat owners. As the database grows, so does the value of your cat’s DNA test.
6. New Products
Basepaws continues to innovate and expand its product line. They recently launched a dental health test for cats, which helps identify potential oral health issues before they become serious.
They are also developing DNA test kits for dogs, bringing their expertise to a wider audience of pet owners.
Basepaws After Shark Tank
1. Growth and Expansion
Appearing on Shark Tank gave Basepaws incredible exposure. The company experienced a surge in sales and brand recognition.
This allowed them to expand their operations, improve their technology, and invest in research and development.
They also expanded their product offerings, adding a dental health test kit and moving towards developing DNA tests for dogs.
2. Acquisition by Zoetis
In 2022, Basepaws was acquired by Zoetis, a global leader in animal health.
This acquisition provided Basepaws with access to greater resources and expertise, allowing them to further accelerate their growth and reach a wider audience.
3. Financial Performance
Basepaws has demonstrated impressive financial performance since its Shark Tank appearance. Their revenue has grown significantly, exceeding expectations.
The acquisition by Zoetis further solidified their financial stability and provided them with the resources to continue their upward trajectory.
The Future of Basepaws
The future looks bright for Basepaws. With the backing of Zoetis, they are well-positioned to become a dominant player in the pet genetics market.
Their commitment to innovation and providing valuable information to pet owners suggests continued growth and success.
We can expect to see further expansion of their product line, advancements in their technology, and a deeper understanding of pet health through their ongoing research.
Basepaws is poised to revolutionize how we care for our animal companions, empowering pet owners with the knowledge to make informed decisions about their furry friends’ well-being.
FAQs
How much does a Basepaws cat DNA test cost?
The price of Basepaws cat DNA test kits varies depending on the type of test and any current promotions. It’s best to check their official website for the most up-to-date pricing information.
How long does it take to get results from a Basepaws test?
After Basepaws receives your cat’s DNA sample, it typically takes 4-6 weeks for the results to be processed and available to you.
What kind of information does a Basepaws test provide?
A Basepaws test provides information about your cat’s breed composition, potential health risks, and personalized recommendations for their care, including diet and lifestyle suggestions.
How accurate are Basepaws tests?
Basepaws utilizes advanced genetic testing technology and a growing database to provide accurate results. However, like any DNA test, it’s important to remember that results may not be 100% definitive.
Can I use Basepaws for my dog?
Basepaws currently specializes in cat DNA testing. However, they are actively developing DNA test kits for dogs, so stay tuned!
Where can I buy Basepaws products?
Basepaws products are available for purchase on their official website and through authorized retailers like Amazon.
The Bottom Line
Basepaws has proven to be a remarkable success story, evolving from a Shark Tank hopeful to a major player in the pet genetics industry. Their commitment to providing valuable, accessible information to pet owners has resonated with cat lovers worldwide.
By offering insights into breed, health, and individualized care, Basepaws empowers cat owners to make informed decisions that enhance their feline companions’ well-being. With the support of Zoetis and a dedication to innovation, Basepaws is poised for continued growth and success, shaping the future of pet care through the power of genetic understanding.
