VoChill Shark Tank Episode 10 Update & Net Worth
VoChill Shark Tank Episode 10 Update & Net Worth VoChill made its appearance on Shark Tank Season 14, Episode 10, where co-founders Lisa Pawlik and Randall Pawlik pitched their innovative wine glass chillers. Seeking $300,000 for 5% equity, the couple presented their product, which is designed to keep wine perfectly chilled from start to finish….
VoChill Shark Tank Episode 10 Update & Net Worth
VoChill made its appearance on Shark Tank Season 14, Episode 10, where co-founders Lisa Pawlik and Randall Pawlik pitched their innovative wine glass chillers.
Seeking $300,000 for 5% equity, the couple presented their product, which is designed to keep wine perfectly chilled from start to finish.
Despite the promising product and solid sales, they ultimately left without a deal. However, their business continues to thrive, with an estimated net worth of $6 million as of April 2024.
What is VoChill? How Does it Work?
VoChill is the world’s first effortless personal wine glass chiller, designed to keep your wine at the perfect temperature from the first sip to the last. This portable device eliminates the need for ice, preserving the flavor and integrity of the wine. Available in two variants—stemmed and stemless—VoChill provides a stylish and practical solution for wine enthusiasts.
To use VoChill, simply place the chill cradle in the freezer for three hours. Once frozen, attach the cradle to the stand and place your wine glass inside. The cradle keeps the wine at the ideal temperature for an extended period without altering the taste. After use, it’s easy to clean and store for the next chilling experience.
VoChill Shark Tank Episode 10 Season 14: What Happened at Shark Tank Pitch?
In Season 14, Episode 10, Lisa and Randall Pawlik pitched VoChill to the Sharks, asking for $300,000 for 5% equity at a $6 million valuation. The couple explained how their wine glass chiller works and shared their journey from conceptualizing the product in a Texas wine bar to launching their business in 2018.
The Sharks were intrigued by the product, with Kevin O’Leary showing particular interest due to his own involvement in the wine industry. VoChill had generated $820,000 in sales in its first two years, with projections of $1.8 million for 2022. However, the company was not yet profitable, mainly due to high customer acquisition costs, which stood at $57.
Kevin O’Leary offered $300,000 for 10% equity with a $2 royalty per unit until $1 million was repaid. Despite considering the offer, the founders decided to reject it due to the royalty condition, leaving the Tank without a deal.
VoChill Shark Tank Pitch Summary
| Company Name | VoChill |
| Founder | Randall Pawlik and Lisa Pawlik |
| Product | Personal wine glass chiller |
| Amount Asked For | $300,000 for 5% equity |
| Final Deal | No Deal |
| Investor | None |
| Season & Episode | Season 14, Episode 10 |
| Lifetime Sales | $2.7 million estimated |
| Business Status | In Business |
| Current Net Worth | $6 million |
What Happened To VoChill After Shark Tank?
Despite not securing a deal on Shark Tank, VoChill continued to grow and expand its market presence. The exposure from the show led to increased interest and sales, particularly from wine enthusiasts who appreciated the innovative product. The founders, Lisa and Randall Pawlik, focused on reducing their customer acquisition costs and improving profitability.
VoChill is now available in the United States, United Kingdom, Canada, and even on Amazon India. The company also gained a spot on Oprah’s Favorite Things 2022 list, which further boosted its visibility and credibility.
How Much Is VoChill Worth?
VoChill is currently estimated to be worth $6 million as of April 2024. The company’s steady sales growth and expansion into international markets have contributed to its increasing valuation. With the global wine market expected to reach $145.26 billion by 2026, VoChill is well-positioned to capture a significant share of the market for wine accessories.
Is VoChill Still in Business?
Yes, VoChill is still in business as of April 2024. The company continues to innovate and expand its product line, catering to wine lovers around the world. With products available in multiple countries and on major online platforms like Amazon, VoChill remains a popular choice for those seeking to enhance their wine-drinking experience.
Which Episode Number was VoChill on Shark Tank?
VoChill appeared on Shark Tank Season 14, Episode 10, which aired on January 6, 2023. While the company did not secure a deal, the exposure and feedback from the Sharks have helped VoChill refine its business strategy and continue its growth trajectory.
