Did NightCap secure an investment on Shark Tank Season 12? Yes, NightCap successfully secured an investment on Shark Tank Season 12. Lori Greiner invested $60,000 for a 25% stake in the company.
Summary
- NightCap, a combination drink cover and spike prevention scrunchie, appeared on Shark Tank Season 12.
- The entrepreneurs behind NightCap asked for $60,000 for 20% equity in their company
- Lori Greiner offered $60,000 for 25% equity, and the deal was accepted
- NightCap’s innovative product addresses the issue of drink spiking and promotes safety
NightCap Shark Tank Update | Shark Tank Season 12
What is NightCap?
NightCap is a cleverly designed 2-in-1 product aimed at enhancing safety during social outings. It functions both as a drink cover to prevent tampering and as a hair scrunchie infused with a spike detection test strip.
This innovative combination allows users to discreetly check their drinks for common date rape drugs, offering a sense of security and peace of mind.
The Problem NightCap Addresses
Drink spiking is a serious and unfortunately prevalent issue. It involves someone secretly adding drugs or alcohol to another person’s drink without their knowledge or consent.
The consequences can be devastating, ranging from robbery to sexual assault. NightCap tackles this problem head-on, empowering individuals to take proactive steps to protect themselves.
NightCap’s Shark Tank Journey
1. The Pitch
| Entrepreneurs | Shirah Benarde & Michael Benarde |
|---|---|
| Business | NightCap |
| Ask | $60,000 for 20% equity |
| Deal | $60,000 for 25% equity |
| Sharks | Lori Greiner |
| Season | Shark Tank Season 12 |
| Original Air Date | March 19, 2021 |
| Website | NightCap |
| Key Points of Pitch |
|
| Why Sharks Accepted |
|
2. The Sharks’ Reactions
The Sharks were impressed by the ingenuity of NightCap and the clear need for such a product. They recognized the potential for the business to grow and make a positive impact.
While some Sharks expressed concerns about the scalability and competition in the market, Lori Greiner was ultimately won over by the entrepreneurs’ dedication and the product’s potential to empower individuals.
3. The Deal
After some negotiation, the entrepreneurs accepted Lori Greiner’s offer of $60,000 for 25% equity in NightCap.
This investment provided the company with the resources to expand its reach, increase production, and further develop its product line, contributing to a safer social environment for all.
NightCap After Shark Tank
1. Company Growth and Updates
NightCap experienced a significant boost after its successful Shark Tank appearance. The exposure and investment from Lori Greiner helped propel the company forward.
They saw a surge in sales, expanded their online presence, and garnered increased media attention.
The partnership with Lori Greiner also opened doors for wider distribution and retail opportunities, allowing NightCap to reach a larger audience and further its mission of promoting safety.
2. Product Expansion or New Launches
Building on their initial success, NightCap has continued to innovate and expand its product line. They’ve introduced new colors and designs for their scrunchies, catering to various styles and preferences.
Additionally, they have explored developing additional safety products to complement the NightCap, such as personal alarms or drink testing kits, further solidifying their commitment to providing comprehensive safety solutions.
3. Impact on the Market
NightCap has made a notable impact on the market by raising awareness about the issue of drink spiking and offering a practical and accessible solution.
Their product empowers individuals to take control of their safety and enjoy social settings with greater confidence.
NightCap has also inspired conversations about personal safety and encouraged other entrepreneurs to develop innovative solutions for similar challenges, contributing to a safer and more secure environment for everyone.
The Importance of Drink Spiking Prevention
1. Statistics and Prevalence
Drink spiking is a serious issue that affects people across the globe. While accurate statistics can be difficult to obtain due to underreporting, studies suggest that a significant number of individuals have experienced or know someone who has been a victim of drink spiking.
The consequences can be severe, including robbery, physical and sexual assault, and even death. The prevalence of this crime highlights the urgent need for preventative measures and solutions like NightCap.
2. NightCap’s Role in Safety
NightCap plays a crucial role in promoting safety by providing individuals with a proactive tool to protect themselves from drink spiking.
The discreet design of the scrunchie allows for easy and inconspicuous testing of drinks, giving users peace of mind and the ability to make informed decisions about their safety.
While NightCap is not a foolproof solution, it serves as an important layer of protection and empowers individuals to take control of their own well-being in social settings.
The Future of the Company
NightCap’s future looks bright. With its successful Shark Tank appearance, growing product line, and dedication to safety, the company is well-positioned for continued growth and success.
The increasing awareness of drink spiking and the need for preventative measures create a strong market demand for products like NightCap.
The company’s commitment to innovation and customer feedback suggests that they will continue to develop and improve their offerings, staying ahead of the curve and meeting the evolving needs of their customers.
With continued dedication and strategic planning, NightCap has the potential to become a leading brand in personal safety, empowering individuals and fostering a safer social environment for all.
FAQs
Where can I buy NightCap?
NightCap is available for purchase on their official website and through various online retailers. Check their website for a list of authorized sellers.
How do I use NightCap effectively?
Simply wear the NightCap scrunchie on your wrist and discreetly dip the test strip into your drink. If the strip changes color, it indicates the potential presence of a date rape drug.
What should I do if my NightCap test is positive?
If your NightCap test indicates a positive result, do not consume the drink. Alert a trusted friend or authority figure immediately and seek help if necessary.
Can NightCap detect all types of drugs?
NightCap is designed to detect the most common date rape drugs, but it may not detect all substances. It is essential to remain vigilant and practice other safety measures as well.
Is NightCap reusable?
Each NightCap scrunchie contains multiple test strips, allowing for multiple uses. However, once a strip has been used, it cannot be reused.
The Bottom Line
NightCap is a valuable tool in the fight against drink spiking. It provides individuals with a discreet and effective way to protect themselves and enjoy social settings with greater peace of mind. While no product can guarantee complete safety, NightCap serves as an important reminder to stay vigilant and take proactive steps to protect oneself. By combining innovative technology with fashion, NightCap empowers individuals to take control of their safety and enjoy a worry-free night out.
