A company called Hydroviv produces unique water filters. These filters are specially designed for various regions. This business was founded by Eric Roy to assist people in obtaining cleaner water. When a water crisis occurred in Flint, Michigan he became aware of water problems. Eric requested $400,000 for Shark Tank Season 10. He was prepared to give 10% of his business.
Eric hoped to use the funds to expand the company and assist more people. He was questioned a lot by the sharks. Although they enjoyed the product, they were curious about its operation. An offer was made by Mark Cuban. Eric had to consider the offer carefully. He was looking to advance his business. The show demonstrated how a brilliant idea can benefit a large number of people. Will the entrepreneur get a deal on Shark Tank? Check out the Hydroviv update to find out!
Hydroviv Net Worth Shark Tank Update 2025
Eric Roy asked for a $400k investment in exchange for 10% equity in his company. This meant he valued his company at $4 million. He made a deal with Mark Cuban for $400k in exchange for 20% of his company. This new deal valued his company at $2 million. After the show aired, Hydroviv 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 Hydroviv is about $3.22 million.
Hydroviv continued to grow after Shark Tank. The agreement between Eric and Mark Cuban was not finalized. Despite the deal, the business is doing well. Hydroviv will remain operational in 2024. They are thought to earn over $1 million annually. The filters continue to improve the quality of water for people. Eric persisted in his efforts to grow the company. The business sells its filters online. Products are available for purchase on the Hydroviv website. The company’s high-quality filters have earned a positive reputation.
When the show was on, Hydroviv did indeed get a deal. Mark Cuban made a $400,000 offer for 20% of the business. Eric said yes to the offer. However, following the show, the deal fell through. This occasionally occurs on Shark Tank. Hydroviv continued to be successful even without the deal. Eric continued to grow and manage the company. The business continued to assist people with water-related issues.
| Shark(s) name | Offer & Demand | Counteroffer | Accepted? |
| Barbara Corcoran | Out | N/A | N/A |
| Kevin O’Leary | Out | N/A | N/A |
| Rohan Oza | Out | N/A | N/A |
| Mark Cuban | $400,000 for 20% equity | N/A | Yes |
| Lori Greiner | Out | N/A | N/A |
Hydroviv Shark Tank pitch
Hydroviv was founded by Eric Roy. Flint, Michigan’s water issues prompted him to launch the business. Eric has scientific knowledge of water quality. His goal was to provide cleaner water to families. He learned how dangerous contaminated water can be from the Flint water crisis. He tried to develop filters that could deal with particular issues with water. Water requirements vary by region. Eric created location-specific filters. He wanted everyone to benefit from his product.
Eric had a lot of difficulties in the beginning. He needed to confirm that the filters were reasonably priced. He had to explain to others the value of custom filters as well. Eric took the time to educate customers about his product.It was challenging to compete with large corporations. Hydroviv was a tiny company. Eric made his product as good as it could be by applying his scientific knowledge.
He put in a lot of effort to create dependable and safe filters. Eric also contributed to the website for the business. He desired to sell to clients directly. He was able to focus on quality and save money as a result. Hydroviv began small but expanded rapidly thanks to Eric’s diligence.
Eric had a specific objective when he went to Shark Tank. He needed $400,000 to expand his company. He was prepared to exchange 10% of his business. Eric gave a thorough explanation of his product. He explained the Flint water crisis to the sharks. He expressed his desire to stop more people from consuming contaminated water. Hydroviv filters are unique since they are designed for particular geographical areas.
Eric explained how he constructed the filters and their unique features. He also disclosed the cost of manufacturing the filters. The cost of making each filter is $50. The selling price is $190 on average. This indicates that the business has a healthy profit margin.
Eric reported his sales to the sharks. Next year he wanted to hit $1.7 million. He made all of his sales through the business website. Eric desired the funds to increase his advertising. He thought the product should be more widely known. His pitch was attentively heard by the sharks.
The sharks had a lot of questions concerning Hydroviv. They were interested in the operation of the filters. The filters were tailored to address various water issues, Eric clarified. He created filters that were tailored to the requirements of particular regions using data on water quality. The sharks were intrigued by the concept but wanted to learn more.
They enquired about the price of producing the filters. Eric informed them that making a filter would cost $50. An additional $50 is needed to replace the filter. The filters are sold by him for $190. The sharks believed that this profit margin was favorable. They enquired as to how frequently clients require new filters. According to Eric filters need to be changed every six months.
The sharks were also curious about Eric’s plans for the funds. He claimed to use it for advertising and marketing. Eric hoped that more people would discover Hydroviv on the internet. He thought effective marketing could accelerate the company’s growth. Although they were pleased with Eric’s responses the sharks had some reservations.
Barbara Corcoran expressed her lack of confidence in Eric’s ability to promote the product. She believed he was a good scientist but a weak businessman. She made the decision not to offer. Rohan Oza left as well. He claimed he was unable to assist with the business. Lori Greiner also left for comparable reasons.
Hydroviv piqued the interest of Mark Cuban. He saw the product’s potential and liked it. He made Eric an offer of $400,000 for 20% of the business. Eric wanted to give up twice as much equity as this. Mark thought the additional equity was reasonable. He believed Hydroviv needed solid business backing.
Eric considered the offer for a while. He wanted to choose wisely for his business. Rohan and Barbara gave their reasons for not making an investment. They thought Eric was capable of succeeding without them. Eric was urged to accept the deal by Mark Cuban. Eric accepted the conditions. During the performance, he accepted Mark’s invitation.
But after the show, the deal fell through. This occasionally occurs on Shark Tank. Television agreements are not always final. The deal didn’t stop Hydroviv from expanding. Eric’s business improved as a result of Mark’s advice.
What Went Wrong With Hydroviv on Shark Tank?
The primary issue with Hydroviv on Shark Tank was that the Sharks failed to recognize the company’s potential. They were not sure how much the product could grow but they liked it. Barbara Corcoran didn’t believe Eric was the best applicant to lead the company. She didn’t think he could effectively market the product to achieve widespread success. Rohan Oza also left because he didn’t think he could contribute directly to the company.
Nor did Lori Greiner see any value in her contribution. The only Shark still interested in the deal was Mark Cuban. Eric did not complete the deal even though Mark offered $400000 for 20% of the business. The business continued operating despite not receiving the investment.
Product Availability
Hydroviv offers specially designed water filters for various locations. The purpose of the filters is to rid the water of particular chemicals and impurities. They are designed to meet the demands of clients in various US locations. The company’s website offers Hydroviv’s filters for sale. People can purchase and learn more about the various filters on the website.
The business provides a straightforward method for ordering the filters and having them delivered right to your house. The filters last roughly six months and cost about $190 each. Each replacement filter costs roughly $50.
The only way to purchase Hydroviv’s product is online. The business doesn’t have a physical location. Their website allows them to sell their filters directly to consumers.This eliminates their concern about retailers keeping a portion of the sales. The website makes it simple for customers to purchase the filters and have them delivered to their homes.
For those who reside in areas with water issues, Hydroviv’s filters offer a distinctive solution. They are intended to improve everyone’s access to safer and cleaner water.
Conclusion
Hydroviv’s appearance on Shark Tank presented a fantastic opportunity. A deal with Mark Cuban was reached but it was never completed. Hydroviv grew even without the investment and now generates over $1 million in sales annually. The business continues to assist customers with water issues across the United States and sells its personalized water filters online. Hydroviv’s success demonstrates that a business can succeed even if a deal does not occur on Shark Tank.
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.
