FryAway Cooking Oil Solidifier Shark Tank Episode 13 Update & Net Worth
FryAway Cooking Oil Solidifier Shark Tank Episode 13 Update & Net Worth Entrepreneur Laura Lady appeared on Shark Tank Season 14, Episode 13 with her innovative product, FryAway, a plant-based cooking oil solidifier. This eco-friendly solution transforms used cooking oil into solid waste, making it easier to dispose of without damaging the environment. Laura asked…
FryAway Cooking Oil Solidifier Shark Tank Episode 13 Update & Net Worth
Entrepreneur Laura Lady appeared on Shark Tank Season 14, Episode 13 with her innovative product, FryAway, a plant-based cooking oil solidifier. This eco-friendly solution transforms used cooking oil into solid waste, making it easier to dispose of without damaging the environment.
Laura asked the sharks for $250,000 for 10% equity but eventually agreed to a deal with Lori Greiner and Mark Cuban for $250,000 for 22% equity.
FryAway had impressive early sales, generating over $700,000 in revenue within its first year. Following the Shark Tank episode, FryAway has expanded its retail reach to over 1,100 Kroger stores, as well as Amazon and independent retailers. As of 2024, the company’s estimated net worth is $1.1 million, and it continues to thrive under Laura’s leadership.
What is FryAway? How Does it Work?
FryAway is a non-toxic, plant-based powder designed to solidify used cooking oil, making it easier to dispose of. This environmentally friendly product solves a major kitchen problem—what to do with leftover frying oil.
Instead of pouring oil down the drain, which can cause clogs and environmental damage, or storing it in containers, FryAway solidifies the oil into a jelly-like consistency. Once solidified, the oil can be thrown away in the trash or composted.
The product comes in three varieties:
- Pan Fry: Suitable for 2 cups of oil (0.5 liters)
- Deep Fry: Ideal for up to 8 cups of oil (2 liters)
- Super Fry: Designed for larger amounts of oil
Each packet costs between $9.99 and $15.99 and can be found on Amazon, the company’s website, and in various grocery chains.
FryAway Shark Tank Episode 13 Season 14: What Happened at Shark Tank Pitch?
During Shark Tank Season 14, Episode 13, Laura Lady pitched FryAway to the sharks, seeking $250,000 for 10% equity at a $2.5 million valuation. She explained the environmental impact of pouring cooking oil down drains and highlighted how FryAway offers a safe and easy solution by solidifying oil into a disposable form.
Laura impressed the sharks by sharing that her company had generated over $700,000 in revenue within a year and was already cash flow positive. Her products were priced between $9.99 and $15.99, with a landed cost of around $0.96 to $1.96. She also mentioned her upcoming launch in 1,100 Kroger stores by the end of 2022.
Several sharks dropped out, but Lori Greiner and Mark Cuban offered a combined deal of $250,000 for 22% equity, which Laura accepted after negotiating.
FryAway Shark Tank Pitch Summary
| Company Name | FryAway |
| Founder | Laura Lady |
| Product | Cooking oil solidifier, plant-based powder |
| Amount Asked For | $250,000 for 10% equity |
| Final Deal | $250,000 for 22% equity |
| Investor | Lori Greiner, Mark Cuban |
| Season & Episode | Season 14, Episode 13 |
| Lifetime Sales | $1 million estimated |
| Business Status | In Business |
| Current Net Worth | $1.1 million estimated |
What Happened To FryAway After Shark Tank?
Since Shark Tank, FryAway has continued to grow, benefiting from increased visibility and distribution opportunities. The product is now available in over 1,100 Kroger stores, as well as other major retailers such as Walmart. Laura continues to promote FryAway on Amazon and through direct-to-consumer channels, and the company has received a significant boost in sales following its appearance on the show.
Laura has expanded the product line to reach more consumers and continues to work on marketing strategies that emphasize the environmental benefits of her cooking oil solidifier.
How Much Is FryAway Worth?
As of 2024, FryAway is estimated to be worth $1.1 million. The company’s rapid growth since its launch in 2020, coupled with a successful appearance on Shark Tank, has led to increased sales and market expansion.
With its presence in major retail chains like Kroger and Walmart, as well as strong online sales through Amazon, FryAway is poised for continued success in the eco-friendly kitchen products market.
Is FryAway Still in Business?
Yes, FryAway is still in business as of April 2024. The company continues to grow its retail and online presence, and Laura remains dedicated to promoting the environmental benefits of her product.
FryAway is available at major retailers, including Kroger and Walmart, as well as through the company’s website and Amazon. Customer reviews have been positive, with many praising the product for its ease of use and eco-friendly impact.
Which Episode Number was FryAway Shark Tank?
FryAway appeared on Shark Tank Season 14, Episode 13, which aired on January 27, 2023. Laura Lady secured a deal with Lori Greiner and Mark Cuban for $250,000 for 22% equity. The product’s innovative approach to solving the common issue of cooking oil disposal caught the attention of the sharks, leading to a successful partnership.
