AnyTongs Kitchen Tool Shark Tank Episode 13 Update & Net Worth
AnyTongs Kitchen Tool Shark Tank Episode 13 Update & Net Worth Entrepreneur Tog Samphel created the AnyTongs kitchen tool to solve the issue of needing multiple tongs in the kitchen. By allowing users to convert any regular utensil into tongs, AnyTongs eliminates the need to own different types of tongs for various kitchen tasks. Tog…
AnyTongs Kitchen Tool Shark Tank Episode 13 Update & Net Worth
Entrepreneur Tog Samphel created the AnyTongs kitchen tool to solve the issue of needing multiple tongs in the kitchen. By allowing users to convert any regular utensil into tongs, AnyTongs eliminates the need to own different types of tongs for various kitchen tasks. Tog pitched this innovative tool on Shark Tank Season 14, Episode 13, where he sought an investment of $150,000 for 20% equity.
Although Tog initially struggled with production due to the global pandemic, he impressed the sharks with his invention and its clever design.
Despite limited sales of $7,000 due to supply chain issues, Daymond John saw potential in the product and made an offer of $150,000 for 49% equity, which Tog accepted.
As of 2024, AnyTongs has improved its margins, and the product is available for purchase online, with an estimated net worth of $306,000.
What is AnyTongs? How Does it Work?
AnyTongs is a versatile kitchen tool that turns any regular spoons or forks into functional tongs. Designed to replace the need for multiple types of tongs in the kitchen, AnyTongs offers a simple solution by attaching to ordinary utensils to create an instant pair of tongs.
The tool is made from durable plastic and features a spring press mechanism, allowing users to grip and lift various types of food easily. By sliding spoons, forks, or similar utensils into the tool’s handles, AnyTongs provides a quick, practical way to create tongs for various kitchen tasks, from flipping food to serving salads.
Available for $12.99 for a single pack and $19.99 for a two-pack, AnyTongs is compact, easy to use, and dishwasher-safe, making it a convenient addition to any kitchen.
AnyTongs Shark Tank Episode 13 Season 14: What Happened at Shark Tank Pitch?
During Shark Tank Season 14, Episode 13, Tog Samphel introduced his product AnyTongs and asked for $150,000 for 20% equity. Tog, who comes from a product design background, demonstrated how AnyTongs could convert common kitchen utensils into tongs, eliminating the need to purchase multiple specialized tongs.
Tog shared that he launched a Kickstarter campaign with a goal of $10,000, but the product gained popularity and raised over $30,000. However, he faced challenges during the pandemic, which slowed production and limited sales to just $7,000.
He explained that the landed cost of producing the product was initially around $2 per unit, but he improved the design and reduced production costs to $1 per unit for the second version of AnyTongs.
Although most sharks were hesitant to invest due to the early stage of the business and its limited sales, Daymond John made a contingent offer of $150,000 for 49% equity, which Tog accepted after some negotiation.
AnyTongs Shark Tank Pitch Summary
| Company Name | AnyTongs |
| Founder | Tog Samphel |
| Product | Kitchen tool that converts utensils into tongs |
| Amount Asked For | $150,000 for 20% equity |
| Final Deal | $150,000 for 49% equity |
| Investor | Daymond John |
| Season & Episode | Season 14, Episode 13 |
| Lifetime Sales | $500,000 estimated |
| Business Status | In Business |
| Current Net Worth | $306,000 estimated |
What Happened To AnyTongs After Shark Tank?
After Shark Tank, AnyTongs gained significant exposure, leading to increased interest in the product. The business was able to improve its production process, launching the second version of AnyTongs, which is more durable and has a lower production cost of just over $1 per unit. The product is now available for purchase on the AnyTongs website and Amazon, with a single pack priced at $12.99 and a two-pack priced at $19.99.
Since the episode aired, AnyTongs has garnered media attention and customer interest. The company is still working on scaling its business, with Tog focusing on marketing efforts and expanding distribution channels.
How Much Is AnyTongs Worth?
As of 2024, AnyTongs has an estimated net worth of $306,000. The company’s improved manufacturing process, which reduced the landed cost to $1 per unit, along with increased sales following its Shark Tank appearance, has contributed to its growing value.
The product’s Kickstarter campaign, which raised over $30,000, and the launch of the second version of AnyTongs have helped solidify its place in the market. With its innovative design and practical use, AnyTongs has the potential to grow its customer base and increase its market share in the kitchen utensils industry.
Is AnyTongs Still in Business?
Yes, AnyTongs is still in business as of April 2024. The company continues to sell its products online through its official website and Amazon. Following the exposure from Shark Tank, AnyTongs has received positive feedback from customers and media outlets alike, which has helped drive sales and expand its reach.
Founder Tog Samphel remains committed to the growth of his business, having left his previous job to focus on AnyTongs full-time. With support from Daymond John and ongoing marketing efforts, the company is poised for further success in the future.
Which Episode Number was AnyTongs Shark Tank?
AnyTongs was featured on Shark Tank Season 14, Episode 13, which aired on January 27, 2023. Although Tog Samphel initially struggled with the challenges of scaling his business during the pandemic, his appearance on Shark Tank and partnership with Daymond John helped propel the product to new levels of success.
AnyTongs is a clever, practical solution to a common kitchen problem, and with continued support, the business is on track for further growth.
