Although their tattoos are cool they require maintenance. Their color may fade and disappear. Selom Agbitor and Oliver Zak noticed this issue. Their goal was to assist people in maintaining the originality of their tattoos. They produced the tattoo cream Mad Rabbit. This ointment aids in tattoo healing and whitening. They made their proposal presentation in Shark Tank Season 12 Episode 18. In exchange for 5% of their business, they demanded $500,000.
Their product was liked by Mark Cuban. He made a twelve per cent offer for the money. Oliver accepted his offer, as did Selom. This was an important time for them. Their goals were to expand their client base and boost sales. We’ll examine what happened with Mad Rabbit following Shark Tank in this post. Will the entrepreneur get a deal on Shark Tank? Check out our Mad Rabbit Tattoo update to find out!
Mad Rabbit Tattoo Net Worth Shark Tank Update 2025
Selom Agbitor and Oliver Zak asked for a $500,000 investment in exchange for 5% equity in their company. This meant they valued their company at $10 million. They made a deal with Mark Cuban for $500,000 in exchange for 12% of their company. This new deal valued their company at about $4.17 million. After the show aired, Mad Rabbit 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 Mad Rabbit is about $6.16 million.
Mad Rabbit Tattoo continues to operate. Since their Shark Tank debut, they have expanded significantly. They sold more than $14 million worth of goods in 2024. The increase from three million dollars to this is substantial. They have a large number of items presently. They also sell body wash and sunscreen. Their goods can be found in more than 100 tattoo parlours.
They are present in over a hundred nations as well. Since appearing on the show, Mad Rabbit Tattoo has had great success. They were able to work with Inked Magazine thanks in part to Mark Cuban. This is a large tattoo enthusiast magazine. Oliver and Selom have a bright future ahead of them. They are content to expand their business.
In Shark Tank, they did indeed land a deal. For a five per cent stake in their business, they requested $500,000. Mark Cuban offered them the money in exchange for a share of twelve per cent. This was a mutually beneficial agreement.
They immediately accepted his offer. Collaborating with Mark excited them. They were aware that he could aid in their company expansion. This was a significant deal for Mad Rabbit Tattoo. They received the funds and assistance that they required.
| Shark(s) name | Offer & Demand | Counteroffer | Accepted? |
| Daymond John | out | N/A | N/A |
| Lori Greiner | out | N/A | N/A |
| Kevin O’Leary | $500,000 as a loan at 9.75% interest for 5% equity | N/A | N/A |
| Barbara Corcoran | out | N/A | N/A |
| Mark Cuban | $500,000 for 12% equity | N/A | Yes |
Mad Rabbit Tattoo Shark Tank pitch
Mad Rabbit Tattoo was started by Oliver Zak and Selom Agbitor. This product was made for a purpose. Because they adore tattoos, they wanted to assist others in caring for them. Selom’s birthplace is Ghana. He and his family relocated to America. In college he majored in finance. Before founding Mad Rabbit he was employed in corporate finance.
Oliver took inspiration from his dad. His father was a surgeon who suffered injuries in an automobile accident. He was no longer able to practise surgery. Instead he started his own business. Oliver desired to become a doctor like his father. He also desired to launch his own company. In the beginning, the two of them faced difficulties. They needed to come up with a recipe for the cream. Additionally they had to find customers who wanted it.
Oliver and Selom demonstrated their product on Shark Tank during their pitch. They described its operation and the reasons it is unique. They discussed their sales and the fact that they only dealt with direct customers. They were already accumulating significant assets. They disclosed their numbers and expressed confidence.
They desired to demonstrate to the Sharks the might of their company. The Sharks paid close attention. They wanted to learn more about the product and asked questions. Oliver and Selom presented their business strategy and growth goals.
The Sharks were curious about the tattoo cream made by Mad Rabbit. They were curious as to how it operated. Concerning the cream’s details they had questions. They questioned about the expense of making it as well. All of their questions were addressed by Oliver and Selom.
They clarified that the cream was all-natural and organic. They disclosed that the cost of production was two dollars and seventy-eight cents. Their pride was in wanting the Sharks to recognise the worth of their product.
The Sharks’ responses to the pitch differed. Kevin O’Leary made a loan offer as opposed to an investment. He desired to take five per cent equity and charge interest. Daymond John and Barbara Corcoran made no bids. They said they were unable to assist. They believed that the business was already succeeding.
A powerful offer was made by an impressed Mark Cuban. He made an offer of $500k in exchange for 12% ownership. Selom and Oliver were thrilled. They took Mark up on his offer right away. For them this was a wonderful time. Being partnered with Mark made them very happy.
What Went Wrong With Mad Rabbit Tattoo On Shark Tank?
A few Sharks declined the offer. They believed that the company was already succeeding on its own. They weren’t certain if they could support the founders’ development. The offer from Kevin O’Leary was a loan. What Oliver and Selom desired was not for him to charge interest.
They preferred an investment over a loan. Daymond and Barbara believed they could be of no use. They believed the guys were doing fantastically. They did not observe any issues that needed to be fixed with the business. They declined the deal for this reason.
Product Availability
It is simple to locate Mad Rabbit Tattoo cream. It is available both online and in stores. All of their products are available on their website. They sell on Amazon as well. The cream is distinct due to its organic and natural composition. It maintains the vibrancy and health of tattoos.
They also sell other items. Their sunscreen offers skin protection. Their body cleanser is skin-friendly and mild. The costs are fair. Customers can purchase more easily as a result. Mad Rabbit Tattoo is making a lot of effort to expand its client base. They want fantastic tattoos on everyone.
Conclusion
Shark Tank provided a fantastic trip for Mad Rabbit Tattoo. Selom and Oliver made a fantastic pitch. They got the support they required to expand their business. They have done quite well since the show. Both their product line and sales have grown. Mad Rabbit Tattoo appears to have a bright future.
Additional details regarding their growth are anticipated. Their goal is to assist even more people in taking better care of their tattoos. Mad Rabbit Tattoo’s tale is motivational. They demonstrate that you can fulfil your aspirations by working hard.
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.
