Many people struggle with finding easy, practical solutions for storing and serving food, especially when on the go or during outdoor activities like partying or camping. This often results in a mess or the need for additional containers, which can be inconvenient and wasteful.
To address this common problem, brothers Brian and Kevin Fleming came up with the BagBowl, a clever solution that turns any plastic bag into a solid bowl. The BagBowl provides a simple and portable way to transform a bag of snacks, leftovers, or pet food into a bowl, getting rid of the need for extra dishes or containers.
Brothers Brian and Kevin demanded a $40,000 investment for 33% equity in their business. They pitched their product to convince the sharks to invest in their business so let’s find out if they succeed or not.
BagBowl Net Worth Shark Tank Update 2025
Kevin and Brian Fleming went on Shark Tank asking for $40,000 for 33% of their company. This meant they thought their business was worth $121,000. They made a deal with Lori Greiner for $40,000 for 33%, keeping the valuation the same. The episode was aired on September 28, 2012. The company later closed and no longer sells its products. The current net worth of BagBowl is $0 in 2025.
After their Shark Tank deal with Lori Greiner, BagBowl experienced some production issues. Due to production issues, the product was out of stock for about two months. The first few sales were slow after it was made available. The Fleming brothers introduced the Daddio Spill Stopper Training Cup as an additional product in an effort to grow their business.
Both Daddio Designs and BagBowl failed to make an impression on the market in spite of their best efforts. The company officially ceased operations in 2018. Kevin made the switch to cloud computing, while Brian went back to his real estate business. This business came to an end because the BagBowl is no longer for sale.
Yes, BagBowl got a deal on Shark Tank with Lori Greiner of $40,000 for 33% equity in their business. First, Brian and Kevin Fleming requested $40,000 in return for a 33% equity. Seeing the product’s potential, Lori Greiner made the exact deal the brothers asked for.
| Shark(s) name | Offer & Demand | Counteroffer | Accepted? |
| Lori Greiner | $40,000 for 33% equity | N/A | Yes |
| Robert Herjavec | $40,000 for 45% equity | N/A | No |
| Kevin O’Leary | Out | N/A | N/A |
| Daymond John | Out | N/A | N/A |
| Mark Cuban | Out | N/A | N/A |
BagBowl Shark Tank Pitch
The professional backgrounds of brothers Brian and Kevin Fleming are significantly different from one another. Kevin, the brains behind BagBowl, has a history of developing useful goods, such as the Ginsey Paw Cleaner, a paw-cleaning equipment for dogs. Kevin originally came up with the BagBowl to address a particular issue he was having: how to transport his dog’s food without bringing along a separate bowl.
In contrast, Brian has experience in marketing and real estate. The brothers made the decision to collaborate in order to develop and commercialize BagBowl, using Kevin’s creative abilities and Brian’s expertise in business. They thought their innovation would revolutionize the food and storage bag industries as well as the lives of regular consumers.
Kevin and Brian went to Shark Tank with the goal of getting $40,000 for a 33% stake in their business, BagBowl. They confidently introduced their product and showed how BagBowl could turn any plastic bag into a useful bowl that could be used for a variety of things, including pet food, leftovers, and snacks.
Their plan was to license BagBowl to companies so they might integrate it into their packaging. The sharks, however, had doubts about the product’s sustainability and market. The brothers distributed samples and highlighted the BagBowl’s adaptability and ease, but the conversation soon turned to worries about their sales approach and business plan.
Kevin O’Leary questioned why manufacturers were going to incur additional expenses for their packaging and questioned the sustainability of BagBowl’s licensing plan but the Flemings were unable to come up with a compelling response.
Mark Cuban questioned their dedication to building the company by themself from the start rather than depending on outside help to do the hard work and questioned their real sales figures. The entrepreneurs disclosed that they were a pre-revenue startup without any orders as of yet.
Lori asked, What stops other people from stealing this concept? Entrepreneurs replied that their product is legally protected from copying because they have a utility patent for it. Lori wanted to know if using the BagBowl was really as simple as the boys had said. After using it personally, she realized that it was a practical and easy-to-use tool.
Mark Cuban became uninterested in investing when the brothers disclosed they were a pre-revenue startup. He had issues with their desire for someone else to do the hard work of launching the product.
Daymond felt that BagBowl lacked a clear path to profitability and sufficient market demand. The pitch did not impress him, so he declined to invest.
Kevin O’Leary expressed doubts about BagBowl’s capacity to lower expenses or make a profit. He left because he thought that there was no demand for this product and a bad investment.
Robert was more optimistic than the other sharks. He saw potential in the product and offered 45% of the equity rather than his brother’s demand for 33%.
Lori Greiner expressed her admiration for the product and its potential on QVC. She made the brothers’ exact offer of $40,000 for 33 percent equity.
Product Availability
As of 2024, Bag Bowl is not available online or in-store. By 2018, BagBowl had closed, and the company had shut down. BagBowl was first unavailable for about two months due to production difficulties following its Shark Tank debut. When it did become accessible, sales were mediocre, and the business found it difficult to establish itself in the marketplace.
Conclusion
The story of BagBowl’s Shark Tank journey begins with initial excitement and ends with a difficult business challenge. Brian and Kevin Fleming made a deal with Lori Greiner after they came up with a creative idea, and she saw the potential in their product. But even with this early growth, the business faced a number of difficulties, such as poor sales and production difficulties.
After a few years of struggling in the market, BagBowl went out of business since the product did not get the success that it had hoped for. When launching a new product, the BagBowl story highlights the value of thorough market research, a strong business plan, and reasonable expectations. Even though the business is no longer in operation, the Fleming brothers will probably learn a lot from the experience in the future.
Hey, I’m Amna Habib an undergraduate student of Bachelors in Business Administration. Shark Tank is one of my favorite TV shows of all time. The show provides a fascinating insight into the world of entrepreneurship by presenting creative solutions to common problems, which strongly connects to my academic interests. I’m interested in learning more about the strategic thinking and creativity that lead these companies as each pitch provides insightful information. I’ve found that watching Shark Tank has inspired my enthusiasm for business and entrepreneurship and has been a very enlightening and motivating experience. Apart from business and writing, I love food, shopping, and hanging out with friends and family. Read more About me.
