Mark and Hanna Lim had a problem. Their little girl found it hard to use regular sippy cups. Many cups were tough to clean and not easy for kids. So they made a new cup called Lollacup. This cup was simple to use and easy to clean. It had a special straw that let kids drink even when the cup tilted. The Lims wanted to help other parents with this new cup. They went on a TV show called Shark Tank to ask for help to grow their business.
They hoped the Sharks would like their idea and give them money to make more cups. On the show, they asked for $100,000 in exchange for 15% of their company. They told the Sharks about their sales and how they made the cups in the USA to keep them safe. The Sharks listened and asked many questions. Will the entrepreneur get a deal on Shark Tank? Check out the Lollacup update!
Lollacup (Lollaland) Net Worth Shark Tank Update 2025
Hanna and Mark Lim went on Shark Tank asking for $100,000 for 15% of their company. This meant they thought their business was worth $666,667. They made a deal with Mark Cuban and Robert Herjavec for $100,000 for 40%, lowering the valuation to $250,000. The episode was aired on April 6, 2012. The company rebranded to Lollaland and continues to sell toddler feeding products nationwide. Using the default 10% yearly growth method, the current net worth of Lollaland is estimated to be around $1.2 million in 2025.
After being on Shark Tank, Lollacup grew a lot. The Lims changed the company’s name to Lollaland. They started making more products for kids. These new items included plates, bowls, and other feeding tools. All their products were made to be safe and fun for children. They kept making their products in the USA to ensure high quality.
By 2023 Lollaland was making about $2 million each year. Their products were sold online and in stores making it easy for parents to find them. The Lims’ hard work helped many families with young kids.
Yes, Lollacup got a deal on Shark Tank. Mark and Hanna Lim asked for $100,000 for 15% of their company. The Sharks asked many questions about their product and business. Kevin O’Leary offered $100,000 for 50% of the company but wanted to make the cups in another country. Daymond John made a similar offer but wanted them to end a deal with a sales agent.
The Lims did not like these offers. Then, Mark Cuban and Robert Herjavec offered $100,000 for 40% of the company. The Lims agreed to this deal. This partnership helped them grow their business.
| Shark(s) name | Offer & Demand | Counteroffer | Accepted? |
| Robert Herjavec | $100,000 for 40% equity | N/A | yes |
| Lori Greiner | Out | N/A | N/A |
| Kevin O’Leary | $100,000 for 50% equity | N/A | N/A |
| Daymond John | $100,000 for 50% equity | $100,000 for 30% equity | N/A |
| Mark Cuban | $100,000 for 40% equity | N/A | Yes |
Lollacup Shark Tank pitch
Mark and Hanna Lim are parents who want the best for their children. They noticed that many sippy cups were hard for kids to use. Their daughter had trouble drinking from regular sippy cups. The cups were also difficult to clean. The Lims wanted a cup that was easy for kids and simple for parents to clean. They could not find one, so they decided to make their own.
They created the Lollacup, a cup with a special straw that lets kids drink easily, even when the cup is tilted. The cup was also easy to take apart and clean. The Lims made sure the cup was safe by making it without harmful chemicals. They chose to make the cups in the USA to keep a close watch on quality. Starting a new product was not easy. The Lims had to learn about designing, manufacturing, and selling a product.
They faced challenges in finding the right materials and factories to make their cups. They also had to figure out how to market their product to other parents. Despite these challenges, they stayed committed to making a high-quality, safe, and useful product for children. Their hard work paid off when they got the chance to present their product on Shark Tank.
On Shark Tank Mark and Hanna Lim presented their Lollacup to the Sharks. They explained how their cup was different from other sippy cups. They showed how the special straw allowed kids to drink easily, even when the cup was tilted. They also highlighted that the cup was easy to clean and made without harmful chemicals. The Lims shared their sales numbers stating they had sold $30,000 worth of cups in four months and had $5,000 in orders.
They also mentioned a potential $30,000 order for the upcoming holidays. They explained that each cup cost $4.50 to make sold wholesale for $9 and retailed for $18. They emphasized their commitment to making the cups in the USA to ensure safety and quality. The Lims asked the Sharks for $100,000 in exchange for 15% of their company. They wanted the investment to help grow their business and reach more parents and children with their product.
The Sharks had many questions about the Lollacup. Kevin O’Leary asked why the Lims chose to manufacture the cups in the USA instead of overseas where costs might be lower. Hanna Lim explained that they wanted to ensure the safety and quality of the cups by keeping production close to home. Robert Herjavec inquired about their sales strategy and whether they had interest from big retailers.
Hanna mentioned that some big box stores had approached them but there were concerns about packaging. Daymond John asked if they had a patent for their product. Hanna confirmed they had a design patent. Mark Cuban wanted to know if their own children liked the cups. Hanna shared that their daughters loved the cups and even thought of them as toys. Mark Lim admitted that they had agreed to an exclusive one-year contract with the sales rep.
The Sharks did not like this decision because it limited their ability to grow and make deals with other distributors. Kevin O’Leary questioned their pricing strategy. He wanted to know if they could lower costs by manufacturing overseas. He argued that moving production outside the USA could bring costs down and increase profits. However, Hanna explained that they wanted to keep production in the USA to ensure product safety.
Daymond John was also concerned about the exclusive contract. He believed it could hurt their ability to expand quickly. He told the Lims that they should reconsider their deal with the sales representative. The Lims stood by their decision. They wanted to grow their brand carefully without cutting corners. They hoped the Sharks would see the long-term value in their product and business model.
The Sharks had mixed opinions about the Lollacup. Lori Greiner liked the product but decided it was not the right fit for her. She said she focused on different types of businesses and would not invest in Lollacup. Kevin O’Leary made the first offer. He offered $100,000 for 50% of the company but insisted that the Lims move manufacturing overseas. He believed this was the best way to cut costs and make the business more profitable.
Daymond John matched Kevin’s offer. He also offered $100,000 for 50% equity but only if the Lims ended their contract with the sales rep. He thought this was a key step to growing the business properly. Robert Herjavec did not like the high valuation. He thought 15% equity was too low for an investment of $100,000. He turned to Mark Cuban and suggested they work together on a better offer.
Mark Cuban and Robert Herjavec teamed up. They offered $100,000 for 40% of the company. They gave the Lims only 24 seconds to decide. Just as the Lims were thinking, Daymond John changed his mind. He lowered his offer to $100,000 for 30% equity. This was a better deal for the Lims. However, they took too long to respond.
Frustrated, Daymond pulled out completely. With no other options, the Lims accepted the deal with Mark Cuban and Robert Herjavec. They agreed to give up 40% of their company in exchange for $100,000 and the expertise of two powerful Sharks.
What Went Wrong With Lollacup On Shark Tank?
Even though the Lims got a deal, not all the Sharks were interested in investing. Some had concerns that prevented them from making an offer. Lori Greiner liked the product but felt it was not the right market for her. She focused on different types of products and did not see herself as the best investor for Lollacup. Kevin O’Leary did not like that the Lims wanted to keep manufacturing in the USA.
He believed that moving production overseas would help them make more money. Since they refused to do this he was not willing to lower his offer. Daymond John liked the product but had concerns about the exclusive contract with the sales rep. He felt that this deal could slow down their ability to grow. Even though he made a better offer at the last minute, the Lims took too long to respond, and he backed out.
Robert Herjavec thought the company’s valuation was too high. He did not want to invest at 15% equity. That is why he partnered with Mark Cuban to make a new deal. Despite these challenges, the Lims still walked away with a solid investment from two Sharks.
Product Availability
After Shark Tank Lollacup continued to grow, the Lims rebranded their company as Lollaland. They expanded their product line to include plates bowls and other toddler feeding items. Lollaland products are available online. Parents can buy them on Amazon and through the company’s official website. The products are also sold in select retail stores. The Lollacup remains one of their most popular products.
It is known for its simple design, ease of use, and safety. Unlike other sippy cups, it does not have a valve making it easy for young children to drink from. The weighted straw allows kids to sip from any angle, preventing frustration. Pricing varies depending on the product. The Lollacup typically sells for around $16 to $18. Other Lollaland products are priced competitively making them affordable for parents looking for high-quality toddler feeding items.
Conclusion
Lollacup started as a simple idea from two parents who wanted to solve a problem. Their journey on Shark Tank helped them grow their business and reach more customers. With the support of Mark Cuban and Robert Herjavec, they expanded their product line and rebranded to Lollaland. Today, their products are sold online and in stores, making life easier for parents and young children.
Their success shows that a great idea, combined with hard work and determination, can lead to big opportunities. Lollacup’s journey is far from over, and there may be more exciting updates from Lollaland in the future.
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.
