Ornament Anchor On Shark Tank Update – Shark Tank Season 13

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Ornament Anchor On Shark Tank Season 13

Ornament Anchor is designed to securely hold Christmas ornaments on trees, preventing them from falling and breaking. Despite a well-received product and pitch, the Naqvi family did not secure a deal for their $90,000 for 5% equity proposal. Summary:

  • Company Name: Ornament Anchor
  • Founders: Chrissie and Thomas Naqvi
  • Founded: 2020
  • Product: Secure holders for Christmas ornaments
  • Asked For: $90,000 for 5% equity
  • Final Deal: No deal
  • Season/Episode (Shark Tank USA): Season 13, Episode 8
  • Business Status: In Business
  • Headquarters: Closter, New Jersey, USA
  • Lifetime Worth (Sales): Estimated $200K
  • Go To Amazon: Buy Now
  • Watch On: Amazon Prime

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    Description

    Ornament Anchor On Shark Tank Update – Shark Tank Season 13

    Ornament Anchor, a product designed to securely hang Christmas ornaments, appeared on Shark Tank Season 13, Episode 8, where the Naqvi family sought $90,000 for 5% equity.

    Despite their innovative design aimed at preventing ornaments from falling, the family left the show without a deal, as none of the Sharks were convinced to invest due to concerns about the product’s seasonal nature and pricing.

    Ornament Anchor Post-Shark Tank Update

    Since their appearance, Ornament Anchor has continued to operate and has achieved significant sales milestones:

    • Sales Growth: The company reported around $2.5 million in lifetime sales, with $500,000 in sales generated in the 18 months following their pitch.
    • Retail Availability: The product remains available in major retailers like Target and Bed Bath & Beyond, and it can also be purchased on Amazon.
    • Seasonal Performance: Despite being a seasonal product, the company has managed to generate sales outside the traditional holiday season, indicating a strong market presence.
    • Product Reception: Ornament Anchor has received positive feedback for its effectiveness in keeping ornaments secure, which has been highlighted in various publications.

    The Naqvi family has successfully leveraged their Shark Tank exposure to maintain and grow their business, despite not securing a deal on the show.