Rinseroo is the ultimate slip-on hose attachment that simplifies cleaning and pet bathing. Save time, reduce mess, and make rinsing effortless!
Lisa spent countless hours cleaning dogs, rinsing shower walls, and filling buckets from the sink while others enjoyed the beach. The process was time-consuming, messy, and exhausting. This frustration led her to create Rinseroo, a slip-on hose that easily attaches to sinks, tubs, and showerheads, simplifying rinsing and eliminating buckets. Let’s explore which Shark showed interest and made a deal during their pitch on Shark Tank.
If you’re short on time, here’s a quick summary of Rinseroo’s journey after their appearance on Shark Tank.
Lisa and her son Jake entered Shark Tank Season 16, seeking $343,000 for a 5% equity stake in Rinseroo. After their pitch, they left with a deal from Lori Greiner, who offered $343,000 for the same 5% equity stake.
As for a Rinseroo update, the company expanded its product offerings, introducing additional slip-on hose attachments to simplify rinsing and cleaning tasks.
| Shark | Offer |
| Lori Greiner | Accepted the offer of $343,000 for 5% equity |
| Kevin O’Leary: | Proposed $343,000 for 5% equity, with a $2.50 per-unit royalty until he recouped $1 million Daymond John: Offered $343,000 for 15% equity |
| Daymond John | Offered $343,000 for 15% equity |
| Kendra Scott | no offer |
| Mark Cuban | no offer |
Key Takeaways:
- Rinseroo is a slip-on hose attachment designed to simplify cleaning tasks, pet bathing, and rinsing without buckets or mess.
- Lisa and Jake Lane appeared on Shark Tank Season 16, seeking $343,000 for a 5% equity stake, and secured a deal with Lori Greiner.
- The company grew significantly, expanding its product line with versatile hose attachments to cater to various cleaning needs.
- Lori Greiner’s expertise in retail and marketing helped propel Rinseroo’s success, leading to increased sales and brand visibility.
- Customer reviews highlight Rinseroo’s ease of use and efficiency, making it a popular choice for pet owners and homeowners.
- With future innovations on the horizon, Rinseroo is positioned for continued success in the cleaning and pet product markets.
Rinseroo’s Net Worth in 2024:
As of 2024, Rinseroo’s estimated net worth is around $10 million to $12 million, considering its rapid growth, continued sales success after the Shark Tank appearance, and the expansion of its product line. With the backing of Lori Greiner and increasing customer demand, the company has built a strong foundation.
Rinseroo’s Net Worth in 2025:
By 2025, Rinseroo’s net worth could reach $15 million to $20 million, driven by sustained growth, wider retail distribution, and increased household and pet product market share. Continued product innovation and marketing could further elevate the brand’s value.
The Birth of Rinseroo: Solving a Universal Problem
Lisa Lane, the co-founder of Rinseroo, faced a common household dilemma: cleaning. Like many pet owners and busy families, Lisa struggled with rinsing off pets, cleaning the house, and managing daily tasks without the mess and back strain of traditional cleaning tools. The biggest challenge was filling buckets and using ineffective methods to clean surfaces, rinse pets, or even wash off dirty items. For Lisa, this was a persistent problem that took up too much time and resulted in messy spills, back pain, and frustration.
One day, during a trip to her beach house, where she had to clean after hosting a large group of people and multiple pets, Lisa realized that the existing cleaning solutions weren’t cutting it. Lisa had to spend more time preparing to clean than relaxing, which led her to think of a better way to rinse dirt and debris with minimal effort.
With that frustration in mind, she and her son Jake developed Rinseroo, a slip-on hose attachment that fits seamlessly onto various water sources like sinks, tubs, and showerheads. It is designed to simplify rinsing tasks, whether for washing pets, cleaning surfaces, or filling buckets without the risk of splashing water everywhere. The unique and simple design eliminates the need for buckets, minimizes water spillage, and reduces the strain that often comes with the physical act of cleaning.
The moment they saw their prototype in action, Lisa and Jake knew they were onto something big. The next step was scaling the business and introducing their product to a broader market. That’s when they decided to make their pitch on Shark Tank, seeking $343,000 for a 5% equity stake.
Rinseroo’s Pitch on Shark Tank
They were well-prepared when Lisa and Jake Lane walked into the Shark Tank den in Season 16. Their goal was to secure an investment that would help them scale their business, fight off copycat competitors, and expand their online sales. But more importantly, they were looking for a strategic partner who could guide them through the challenges of growing a successful product-based business.
The duo presented Rinseroo, explaining how their slip-on hose could simplify household tasks such as pet bathing, rinsing dirty items, or cleaning. With a small initial investment, they aimed to elevate the business and gain a significant foothold in the home improvement and pet products markets. But before they could get to the offer stage, the Sharks wanted to know more about Rinseroo’s numbers, market traction, and growth potential.
Lisa revealed that Rinseroo had launched in March 2019 and had already achieved impressive growth. In their first year of operations, they had reached $1 million in sales, a milestone that impressed the Sharks. For the current year, they projected revenue to soar to $5 million, driven largely by their strong online sales model. According to Lisa, 99% of their sales came from online platforms, with the majority of customers finding Rinseroo via Amazon.
Kevin O’Leary, known for his analytical approach, quickly asked about the company’s valuation. He questioned why Rinseroo was worth $6 million. Lisa was confident in her valuation, explaining that the rapid growth and profitability spoke for themselves. The company’s landed cost for each unit ranged from $2.50 to $4.50, and it was sold at retail prices between $15.95 and $29.95, giving them healthy margins.
Kevin’s interest wasn’t just in the company’s numbers; he also raised concerns about knockoffs and copycat products. Jake acknowledged that there were competitors but assured the Sharks that they had a patent on the design, providing some protection against imitation products. This patent was a key point in their pitch, as it meant that Rinseroo had a competitive edge, particularly in a market where imitation products often follow successful innovations.
The Offers: Who Were the Sharks Interested in Rinseroo?
The moment of truth came when the Sharks made their offers. The negotiation took several twists and turns before a final deal was struck. Here’s a breakdown of what each Shark proposed:
- Daymond John: Daymond quickly made an offer, proposing $343,000 for 20% equity. He saw potential in the product but asked for a larger share of the company.
- Kevin O’Leary: Kevin wanted a different structure while agreeing to the same $343,000. His offer was $343,000 for 5% equity, but with a $2.50 per-unit royalty until he recouped $1 million in total royalties. This type of deal is typical for Kevin, who often seeks additional royalty-based compensation to reduce the risk of his investment.
- Lori Greiner: Lori, known for her expertise in product innovation and marketing, offered the same $343,000 for 5% equity. However, she took it a step further by using her “Golden Ticket,” an exclusive offer where she would provide exactly what the entrepreneurs were asking for. Lori saw the potential in the product and offered exactly what Lisa and Jake had hoped for: $343,000 for a 5% stake without any additional terms or royalties.
- Kendra Scott: The guest Shark, Kendra Scott, was intrigued by the product but ultimately passed on making an offer. While she asked several insightful questions, she did not feel the deal fit her.
- Mark Cuban: Mark also declined to make an offer, citing that Rinseroo didn’t align with his investment focus at the time.
Lori Greiner’s Investment and Rinseroo’s Growth
After much deliberation, Lisa and Jake ultimately accepted Lori Greiner’s offer of $343,000 for 5% equity, impressed by Lori’s track record in helping businesses succeed, especially in the product development and retail sectors. Lori’s support provided them with the capital they needed to scale their operations, as well as her extensive marketing expertise, access to retail networks, and invaluable mentorship.
In the months following their appearance on Shark Tank, Rinseroo saw a significant increase in brand visibility and sales. Lori’s involvement helped bring the product into more homes, as her expertise in product promotion played a critical role in driving interest. Additionally, Lori’s vast retail connections allowed Rinseroo to expand its presence in major retail stores, both online and in physical locations.
Expansion and New Product Lines
One of the most significant Rinseroo updates post-Shark Tank is the company’s expansion into new product lines. Lisa and Jake worked hard to diversify their offerings by introducing new slip-on hose attachments designed for various cleaning, rinsing, and pet bathing tasks. These new attachments made Rinseroo even more versatile and became a go-to tool for busy families and pet owners.
Rinseroo also introduced additional features to improve the customer experience, such as adjustable hose lengths, water pressure control features, and specialized sprayers for different tasks. These innovations helped broaden the company’s market appeal for pet owners and anyone looking to simplify cleaning chores around the house.
Rinseroo’s Online Success and Customer Reviews
After Shark Tank, Rinseroo’s online sales grew exponentially. The product quickly became a favorite among pet owners, homeowners, and DIY enthusiasts. Customer reviews on platforms like Amazon and the company website were overwhelmingly positive, with users praising the simplicity and efficiency of the product. Many customers highlighted how Rinseroo saved them time, energy, and frustration while cleaning.
The company also received accolades for its customer service, with Lisa and Jake prioritizing customer feedback and continually improving their products based on user experiences.
Looking Ahead: What’s Next for Rinseroo?
With a successful deal and a growing product line, Rinseroo is on track for even greater success in the future. Lisa and Jake continue to innovate, expand the brand’s reach, and stay ahead of competitors. The support from Lori Greiner has been instrumental in their growth, and with new product launches on the horizon, Rinseroo looks poised to become a household name in the cleaning industry.
Rinseroo plans to increase its marketing efforts, invest in product development, and penetrate retail stores nationwide as it looks to the future. Their ability to scale quickly and adapt to changing market needs will likely keep them ahead of the competition.
Conclusion: Rinseroo’s Journey from Shark Tank to Success
Rinseroo’s journey from a beach house frustration to becoming a Shark Tank success story exemplifies how innovative solutions to everyday problems can lead to incredible success. With the backing of Lori Greiner, Lisa and Jake have transformed their simple slip-on hose into a widely recognized tool, helping thousands of people save time and energy in their daily cleaning routines. Whether you’re a pet owner or just looking for an easier way to clean, Rinseroo offers a convenient, effective solution that is only growing in popularity.
As the company continues to expand and innovate, Rinseroo’s future looks brighter than ever. With Lori’s investment, the product will dominate the household cleaning and pet product markets for years.
For the latest updates from Shark Tank Season 16, Episode 10, explore the links below:
Before you go, make sure to check out our list of all the Shark Tank Season 16 products.
