Justin Wang invented LARQ which is a self-cleaning and purifying water bottle. Justin got the idea when he noticed how filthy and bacterial reusable water bottles can get. It became clear to him that they frequently harbor more bacteria than toilet seats.
Reusable bottles can be difficult to clean; therefore, many people prefer to use single-use plastic bottles instead. However, the health and environment of humans are negatively impacted by these plastic bottles.
Justin wanted to design something that was simple, clean, and sustainable. Thus, he developed LARQ, the first water bottle that uses UV-C light technology to clean both the bottle and the water within. Nearly all viruses and bacteria are killed by this light. In 2020, Justin went on Shark Tank to ask for $500,000 for 1% of his company. Will the entrepreneur get a deal on Shark Tank? Check out our LARQ update to find out!
LARQ Net Worth Shark Tank Update 2025
Justin Wang asked for a $500,000 investment in exchange for 1% equity in his company, LARQ. This meant he valued his company at $50 million. He made a deal with Lori and Kevin for $1 million in exchange for 4% equity, but the deal was never finalized. This new deal valued his company at $25 million. After the show aired, LARQ 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 LARQ is about $30 million.
LARQ has expanded and gained popularity after making its appearance on Shark Tank. LARQ continued to raise capital from additional investors despite the failure of its deal with Lori Greiner and Kevin O’Leary. The business has raised more than $10 million by 2023. Large retailers like Bloomingdale’s and Best Buy now carry LARQ items. They can also be found on Amazon and other internet retailers.
LARQ has performed admirably in terms of revenue. The business was turning over over $20 million annually by 2021. They generated 30 million dollars in income by 2022. LARQ will still be operating.
They have added other goods such as a water pitcher that also cleans water and they are still selling their bottles. Numerous clients and media sources have given the business positive evaluations. It’s regarded as one of the best self-cleaning water bottles out there right now.
It’s true that Justin closed a deal on Shark Tank. He requested $500k from the Sharks in exchange for 1% ownership. The Sharks were taken aback by his high evaluation and laughed when he revealed it. Nonetheless, they were curious about the product’s technological foundation. Kevin O’Leary made an offer of $500,000 for 4% stock after learning about the product’s sales and potential. Lori Greiner made a similar offer with 5% equity.
Next came Robert Herjavec’s own offer, which was $500k in exchange for 2% of advisory shares and 3% of equity. Justin attempted to assemble a group of all the Sharks in order to get more money. In response, he offered 1.5 million dollars in exchange for 4.5% equity and 1% advisory shares. But Robert changed his mind. In the end, Justin agreed to a 1 million dollar contract with Lori and Kevin in exchange for 4% equity, after the show though the contract was never finalized.
| Shark(s) name | Offer & Demand | Counteroffer | Accepted? |
| Barbara Corcoran | out | N/A | N/A |
| Lori Greiner | $500,000 for 5% equity | #1 $1.5 million for 4.5% equity and 1% in advisory shares #2 $1.5 million for 6% equity #3 $1.5 million for 3% equity and 1% in advisory shares #4 $1 million for 4% equity | Yes to 4nd offer |
| Kevin O’Leary | $500,000 for 4% equity | #1 $1.5 million for 4.5% equity and 1% in advisory shares #2 $1.5 million for 6% equity #3 $1.5 million for 3% equity and 1% in advisory shares #4 $1 million for 4% equity | Yes to 4th offer |
| Robert Herjavec | $500,000 for 3% equity plus 2% in advisory shares | #1 $1.5 million for 4.5% equity and 1% in advisory shares #2 $1.5 million for 6% equity | N/A |
| Mark Cuban | out | N/A | N/A |
LARQ Shark Tank pitch
Because he was annoyed by the difficulty of cleaning reusable water bottles, Justin Wang founded LARQ. His goal was to devise an eco-friendly and user-friendly solution. Finding out that reusable water bottles could be contaminated by bacteria gave him the idea for LARQ. This issue has caused a large number of people to utilize environmentally harmful single-use plastic water bottles.
Justin wanted to develop a solution that would enable people to use pure water while protecting the environment. LARQ’s early days were difficult. It was up to Justin to figure out how to keep expenses down while still making the technology function.
He put a lot of effort into building a team that would help him in bringing the product to market and raise money through Kickstarter campaigns. He introduced LARQ in 2018 in spite of the difficulties and the product became well-known very soon.
Justin sought $500,000 for 1% of his company when he officially attended the Shark Tank. There was much laughter as the Sharks were taken aback by the high valuation. But Justin didn’t falter. He described the operation of LARQ and how the water within the bottle is cleaned using UV-C light technology. He also revealed some amazing sales figures. The company’s sales in 2019 totaled 5.5 million dollars.
They were expected to generate $14 million by 2020. The product’s technology and numerical results impressed the Sharks. Justin clarified that LARQ has 6.5 million dollars in the bank and has already raised capital from investors. By working with the Sharks, he intended to take the company to the next level and expand internationally
The Sharks had a lot of questions regarding LARQ. Robert Herjavec questioned whether he had understood the valuation accurately, and Justin answered that he was placing a 50 million value on his company. The technology wowed Kevin O’Leary, but he was curious about the product’s manufacturing costs. According to Justin, each bottle is produced for approximately $40 and retails for roughly $95.
Lori Greiner was curious about the UV light’s mechanism. According to Justin, 99.99 percent of the germs and viruses in the water are killed by the light. A 60-second mode and a 3-minute mode are available for cleaning.
Kevin was curious about how often the light needed to be changed. According to Justin, the illumination lasts for 100000 uses. The Sharks were curious about the patents, too. Justin revealed that the company had 10 patents protecting its technology.
The LARQ bottle left a lasting impression on the Sharks. Offering $500,000 for 4% of the business was Kevin O’Leary. Lori Greiner offered the same thing but demanded 5% instead. Robert Herjavec requested 2% in asking for shares in exchange for a $500,000 offer of 3%.
Seeing his chance Justin asked the Sharks if they might work together to make him an offer of $1.5 million for 4.5% of the company and 1% of advisory shares. Following his hearing of this Robert left. Justin accepted an offer from Lori and Kevin that was for $1 million for 4%.
What Went Wrong With LARQ On Shark Tank?
The agreement with Lori and Kevin was never finalized, despite Justin landing a deal on the show. This occasionally takes place following the performance. After shooting, the entrepreneur and the Sharks might not agree on the specifics.
But LARQ continued to expand despite this. After the presentation, Justin went on to secure an additional $10 million from other investors. The business kept growing and introducing additional items such as a water pitcher.
Product Availability
The LARQ bottle is unique in that it uses UV light to clean both the water inside of it and itself. It is safer to drink because it eliminates 99.99% of bacteria. Because it discourages individuals from using plastic bottles the bottle also benefits the environment. It comes in a variety of colors and is made of stainless steel.
Large retailers including Best Buy, Bloomingdale’s, and Williams Sonoma carry LARQ bottles in addition to being sold on the company website. They’re available on Amazon as well. Replacement caps run about $60 and the bottles themselves cost approximately $95. A water pitcher with the same cleaning mechanism is also produced by LARQ.
Conclusion
The LARQ bottle proved to be popular on Shark Tank and is still in demand today. LARQ looked for new investors to support the company’s expansion even though the arrangement with Lori and Kevin did not go through. These days LARQ earns about $30 million annually from the sale of its goods. Which are available online and in major retailers.
The company is expected to keep growing and has a good future. LARQ is expected to achieve even greater success in the upcoming years with other items, such as the water pitcher, and further innovation. We are eager to find out what occurs next!
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.
