When Regan Kelaher’s child inadvertently toppled a wine glass a concept ignited. This minor incident during an outdoor event inspired her and Shannon Zappala to establish Goverre. They sought an alternative to weak plastic cups or delicate glass. They developed a wine glass that prevents spills. This glass was fashionable and convenient to hold. It featured a silicone casing and a tight-fitting lid.
It was ideal for wine enthusiasts wishing to savor their beverages in the open air. The creators aimed to grow their enterprise. They requested $200,000 in exchange for 13% ownership. Will the entrepreneur get a deal on Shark Tank? Check out the Goverre update to find out!
Goverre Net Worth Shark Tank Update 2025
Regan Kelaher and Shannon Zappala asked for a $200,000 investment in exchange for 13% equity in their company. This meant they valued their company at $1.54 million. They made a deal with Mark Cuban, Lori Greiner, and Robert Herjavec for $200,000 in exchange for 33.3% of their company. This new deal valued their company at $600,600. After the show aired, Goverre saw a big increase in website traffic, sales, and social media exposure. With an estimated 10% yearly growth rate (typical business growth), the current net worth of Goverre is about $965,928.
Goverre experienced significant expansion following its appearance on Shark Tank. In the week following the episode’s broadcast, the company generated $400,000 in revenue. This achievement cleared their complete stock. However achievement brought difficulties. A rival Govino initiated legal action against Goverre. The matter concerned a violation of trademark rights.
This courtroom struggle continued for two years. Fortunately, Goverre triumphed in the case in 2019. In spite of this obstacle, the company grew. In 2019 they introduced portable champagne glasses. In 2020 portable cocktail glasses were introduced. In 2021 charcuterie plates were launched for al fresco dining. By 2022 Goverre achieved an annual revenue of $1 million. Total sales reached $4.6 million. Goverre continues to operate today. Items can be found on their website and on Amazon.
Yes Goverre secured a deal on Shark Tank. Regan and Shannon entered seeking $200,000 for 13% equity. During the pitch, Kevin O’Leary made an offer. He proposed $200,000 for 33.3% equity. Later Mark Cuban, Lori Greiner, and Robert Herjavec joined forces. They matched Kevin’s offer of $200,000 for 33.3% equity. After considering the options the founders chose the three-shark deal.
| Shark(s) Name | Offer & Demand | Counter Offer | Accepted? |
| Lori Greiner | $200,000 for 33.3% equity | N/A | Yes |
| Daymond John | Out | N/A | N/A |
| Kevin O’Leary | Out | N/A | N/A |
| Mark Cuban | $200,000 for 33.3% equity | N/A | Yes |
| Robert Herjavec | $200,000 for 33.3% equity | N/A | Yes |
Goverre Shark Tank pitch
Regan Kelaher and Shannon Zappala enjoyed wine and outdoor events. However, they frequently encountered issues with spills and shattered glasses. Their goal was to resolve this problem. Their goal was to design a fashionable and sturdy portable wine glass.
The concept of Goverre originated in 2015. They began creating the product. The procedure was not simple. They needed to locate the appropriate materials. The glass had to be sturdy but lightweight. The silicone cover enhanced both grip and aesthetics.
Financial support was another obstacle. Regan and Shannon utilized their savings to begin. Subsequently, they initiated a Kickstarter campaign. They collected more than $60,000. This assisted them in creating the initial set of Goverre glasses.
Producing goods was also challenging. They required premium materials. However, maintaining low expenses proved to be challenging. In spite of these obstacles, they stayed resolute. Their enthusiasm for wine and creativity motivated them to continue.
Regan and Shannon stepped into Shark Tank with assurance. They presented Goverre as a resolution for wine enthusiasts. The item was one of a kind. It was a mobile leak-resistant wine glass. It featured a silicone covering for better grip and a tight-fitting lid.
The founders revealed remarkable sales numbers. Last year Goverre generated $500,000 in revenue. They clarified how the money would assist. They required funds for stock and promotion.
The sharks were amazed. Kevin O’Leary was fond of the concept. He valued the application of actual glass. Mark Cuban saw the possibility for business growth. Lori Greiner appreciated the creativity.
The founders offered $200,000 in exchange for 13% equity. Kevin proposed $200,000 for a 33.3% stake. Mark, Lori, and Robert proposed a collaborative agreement. They aligned with Kevin’s proposal. Following discussions, Regan and Shannon agreed to the three-shark offer.
The sharks inquired about numerous topics. They were curious about why glass was used for the product. Regan stated that glass maintains the flavor of wine more effectively than plastic. They inquired about longevity as well. Shannon demonstrated how the silicone casing safeguarded the glass. Kevin O’Leary inquired about the design of the lid. He aimed to make sure it avoided leaks.
Regan showed a reliable fit. Lori Greiner had an interest in cleaning. The founders guaranteed that the glass was safe for dishwashers.
The sharks were impressed by the sales figures. Robert Herjavec was curious about the production expenses. Regan disclosed that the cost to produce each glass was $4. It was sold for $24.99. The sharks talked about the market opportunities. They viewed Goverre as an excellent choice for picnics and outdoor gatherings. They felt assured of its attraction to wine enthusiasts.
Initially, the sharks showed varied reactions. Kevin O’Leary appreciated the product but sought a larger share. He presented the initial proposal. Mark Cuban and Lori Greiner joined forces with Robert Herjavec. They aimed to rival Kevin. The discussion was spirited. Mark stated that the product possessed great potential. Lori appreciated its usefulness. Robert appreciated the enthusiasm of the founders.
Kevin attempted to persuade the founders to agree to his proposal. However, the three-shark agreement appeared more attractive. Regan and Shannon selected Mark, Lori, and Robert. They obtained $200,000 in exchange for 33.3% ownership.
What Went Wrong With Goverre On Shark Tank?
Everything went fairly well for Goverre during the pitch. Every shark showed interest. Kevin’s proposal was competitive. However, he was overpowered by the group composed of Mark, Lor,i and Robert. The only negative aspect was conceding a bigger equity stake than intended. The founders originally proposed 13% ownership. They ultimately separated with 33.3%. Nonetheless, this agreement enabled them to acquire three powerful allies.
Product Availability
Goverre provides portable wine glasses equipped with distinctive features. The glass is designed to prevent spills and includes a silicone sleeve. It is perfect for outdoor gatherings such as concerts and picnics. Products can be found on Goverre’s website as well as on Amazon. They cost $24.99 apiece. The business additionally provides sets and gift packages. Besides wine glasses, they offer portable champagne flutes and cocktail cups.
Their new charcuterie boards enhance their glassware. Goverre is dedicated to quality and design. Their items are safe for dishwashers and are available in bright colors.
Conclusion
Goverre’s journey on Shark Tank was a success. The founders secured a deal with three sharks. They faced challenges but overcame them. Today Goverre is thriving. Their product line continues to grow.
Hey there, I’m Fatima Muhammad, an International Relations student, with a focus on the strategic dynamics of global relations, One of my favorite shows is Shark Tank. I love it because it showcases the creativity, determination, and strategic thinking of entrepreneurs, which I find inspiring. The show also teaches valuable lessons about innovation, business dynamics, and the importance of perseverance in the face of challenges. Read more About me.
