Have you ever been concerned about leaving your belongings behind when you went to the beach? What if you went swimming and someone stole your wallet or phone? This issue affects a lot of people. This issue also affected Rob Peck, Jonathan Kinas, and Avin Samtani. They love going to the pool and beach. They wanted to enjoy the ocean while having a safe place to store their belongings.
They developed the concept of Aqua Vault for this reason. A compact waterproof safe is called Aqua Vault. It is possible to secure it to a chair or other sturdy item. It protects your belongings while you’re swimming. Wallets, phones, and even jewelry are protected by their product. It is ideal for anyone who enjoys swimming pools or the beach. Will the entrepreneur get a deal on Shark Tank? Check out the Aqua Vault update to find out!
Aqua Vault Net Worth Shark Tank Update 2025
Jonathan Kinas, Avin Samtani, and Rob Peck went on Shark Tank asking for $75,000 for 12% of their company. This meant they thought their business was worth $625,000. They made a deal with Daymond John for $75,000 for 25%, lowering the valuation to $300,000. The episode was aired on March 6, 2015. The portable beach safe brand remains active and continues to sell in hotels and stores. Using the default 10% yearly growth method, the current net worth of Aqua Vault is estimated to be around $5–6 million in 2025.
Aqua Vault expanded quickly during its Shark Tank stint. Daymond John became a partner, and the business prospered. Daymond provided them with branding and marketing assistance. Their sales increased rapidly as a result. The annual revenue of the corporation was around $3 million. To maintain the growth of the firm, they invested time in creating a second product.
Additionally, they improved their ability to spread the news. Aqua Vault continued to gain popularity. The company’s success following the show was obvious. They continue to sell goods and operate their business now. Aqua Vault has had a significant impact and continues to expand.
Aqua Vault did indeed get a deal. Daymond John made an offer of $75,000 for 12% of the business. The business owners accepted the offer. Robert Herjavec first made the same offer but then withdrew it. He chose not to proceed after learning more about the issues the business was facing. But Daymond saw the possibility.
He proposed additional stock in exchange for the same amount. The business owners agreed since they thought this was a decent bargain. The business was able to expand with Daymond’s assistance. They grew quickly and made wise choices.
| Shark(s) name | Offer & Demand | Counteroffer | Accepted? |
| Robert Herjavec | $75,000 for 25% equity | N/A | N/A |
| Lori Greiner | Out | N/A | N/A |
| Kevin O’Leary | Out | N/A | N/A |
| Daymond John | $75,000 for 25% equity | N/A | yes |
| Mark Cuban | Out | N/A | N/A |
Aqua Vault shark tank pitch
Friendship had always existed among the three founders. They enjoyed visiting the pool and beach. But one issue persisted. They were unable to enjoy themselves while safely leaving their belongings. They didn’t want to part with their phones or wallets. However, they were also aware that it would not be wise to take them into the ocean. They came up with a solution. One of those watertight safes that you could secure to a chair or anything sturdy.
They believed that others who were experiencing a similar issue could benefit from this safety. Avin and Rob Jonathan put a lot of effort into realizing their vision. They needed to determine how to make the product durable enough to safeguard the goods. It also needed to be portable and lightweight. The founders were aware that it would be difficult. They required financial support and marketing assistance.
They made the decision to submit their proposal to Shark Tank at that point. It was their hope that the Sharks would assist them promote their goods. Things began to change once they struck a contract with Daymond John. Their dream was at last coming true.
The entrepreneurs were thrilled when they entered the Shark Tank. They were aware that their product was good. They promoted Aqua Vault as a way for individuals to protect their belongings when swimming. They described the process of locking the safe to a chair or other sturdy item. Jewellery, wallets, and phones would all be protected by the Aqua Vault. The business owners want $75,000 in exchange for 12% of the firm.
The Sharks were informed that the price of each Aqua Vault was $39.95. They made one for just $10.86. This indicated that their profit margin was healthy. They had sold $87,000 at that point. By the end of that year, they were expected to earn $100,000.
The product appeared to be of interest to the Sharks. However, they had a lot of questions. They were interested in learning more about the business and its operations. They questioned the business owners about their difficulties. The business owners discussed how difficult it was to secure funding to begin manufacturing. They also needed to come up with a plan for product marketing.
The Sharks paid close attention and had several questions. They wanted to know if Aqua Vault was the only product available. Although there were comparable goods, the business owners claimed that Aqua Vault was superior. It was simple to operate and waterproof. Although some were concerned, the Sharks appeared impressed. Robert Herjavec retreated after learning of the problems facing the firm.
He was worried about how the company would expand and about the competition. However, Daymond John had a different perspective. He thought the product was good. He made a 25% ownership offer of $75,000. His offer was swiftly approved by the business owners.
The Sharks were full of inquiries. They wanted to know the price of the goods. One Aqua Vault costs $10.86 to build the entrepreneurs stated. They said that the average price of each item was $39.95. It was well received by the Sharks. It was evident that Aqua Vault generated a healthy profit. Sales were then questioned by the Sharks. The business owners said that their sales had brought in $87,000.
The fact that they were on course to hit $100,000 by the end of the year thrilled them. Although the sharks were impressed, they were also curious. They wanted to know what difficulties the company had encountered. According to the entrepreneurs, they had a hard time obtaining sufficient capital to produce the initial Aqua Vaults.
They needed to improve their marketing as well. The Sharks were interested in the competition. Were there any additional Aqua Vault-like products? Although comparable goods did exist the entrepreneurs acknowledged that Aqua Vault was unique. It was robust and weatherproof. Any stable item might be used to lock it. It was superior to the competition because of this.
Many doubts were raised by Robert Herjavec. The competition piqued his attention. He was curious if Aqua Vault could make a statement. In addition, he wanted to see if the company could expand. After some hesitation, Robert withdrew. But Daymond John found the concept appealing. He recognized the possibilities. He offered to give 25% stock in exchange for $75,000. The business owners accepted the offer.
There were differing views among the Sharks when they learned about Aqua Vault. Robert Herjavec was worried about the competition, even if he liked the product. He was quite inquisitive and seemed uncertain about the expansion of the company. Robert rejected the offer after learning more about the difficulties the business was facing. Daymond John’s perspective was different.
He was impressed by the product and thought it had promise. Aqua Vault has the potential to succeed he realized. For 25% of the stock, he offered $75,000. His offer was to assist with marketing and branding. The business owners immediately agreed. They were certain that Daymond John’s background would enable their company to expand. He would enable Aqua Vault to grow rapidly.
Daymond’s knowledge of branding was a significant plus. The entrepreneurs took the deal and were excited for the future.
What Went Wrong With Aqua Vault On Shark Tank?
On Shark Tank Aqua Vault secured a deal. However, everything did not go as planned. The product piqued the curiosity of Robert Herjavec. Later however he retracted his offer. He was concerned about the difficulties the business had encountered. The competition may be an issue he believed. Because of this, it was challenging for the founders to negotiate with him. The market was another source of worry.
The Sharks wanted to know whether there were any special benefits to Aqua Vault. Compared to similar goods, the inventors claimed theirs was more robust and dependable. They also claimed that it was user-friendly and waterproof. However, the competitiveness continued to worry some Sharks. Aqua Vault was able to get a deal in spite of these obstacles.
Daymond John had faith in them. Daymond John made an offer since he thought the goods were good. His proposition was promptly accepted by the founders.
Product Availability
The Aqua Vault may be bought online. It is available for purchase on their official website. Some retailers also sell the product. It costs $39.00 and 95¢ to purchase Aqua Vault. Your valuables are protected by this waterproof safe. Chairs or other sturdy things can be used to secure it.
Because of this, it is ideal for outdoor pursuits like swimming pools and beaches. Additionally, the business produced a second product. They were able to contact more clients as a result. Aqua Vault keeps becoming bigger and bigger. They continue to operate now.
Conclusion
Aqua Vault started as a simple idea. The founders wanted to solve a common problem. They created a product that keeps valuables safe at the beach or pool. Their appearance on Shark Tank helped them get the funding they needed. Daymond John believed in their product and made a deal. His guidance helped Aqua Vault grow quickly.
The company went from making less than one hundred thousand dollars a year to earning three million dollars annually. Aqua Vault is still in business today. They continue to expand and help people enjoy their outdoor activities without worry. The future looks bright for Aqua Vault.
Hi, I’m Laiba Khurram, a BBA student specializing in Marketing at FAST NUCES ISB. My background includes experience in finance, marketing, and event coordination. My skills include teamwork, time management, and Microsoft tools. Watching Shark Tank has always inspired me, as I admire the innovative pitches and entrepreneurial spirit showcased on the show. This passion drives my approach to finding creative solutions and understanding market dynamics. Read more About me.
