Choosing the appropriate makeup bag is a frequent source of annoyance for many people. Makeup bags frequently leak when substances like foundation or perfume fall, are overly small, or are hard to keep organized. Because of these problems, individuals are searching for a stylish and useful solution that fulfills all of their necessities without causing them any trouble.
Meredith Jurica’s invention, Makeup Junkie Bags, fills this need. These bags are more practical than conventional makeup bags and may also be used as evening handbags in addition to being stylish.
On Shark Tank Season 10, Meredith made a pitch for her product in the hopes of landing a deal that would enable her to expand her manufacturing. The entrepreneur requested $200,000 for 15% equity. Did the entrepreneur get a deal on Shark Tank? Check out our Makeup Junkie Bags update to find out!
Makeup Junkie Bags Net Worth Shark Tank Update 2025
Meredith Jurica asked for a $200,000 investment in exchange for 15% equity in her company. This meant she valued her company at $1.33 million. She made a deal with Lori for a $200,000 loan in exchange for 5% equity and a $0.75 royalty per bag sold in perpetuity. This new deal valued her company at $4 million. After the show aired, Makeup Junkie Bags 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 Makeup Junkie Bags is about $5.85 million.
Lori Greiner granted Meredith a $200,000 loan in exchange for 5% equity and a $0.75 royalty per bag sold in perpetuity following her Shark Tank pitch. But because of their differences over the production site, Meredith and Lori were unable to complete the transaction, thus Meredith decided to leave. Makeup Junkie Bags prospered even if the funding was not obtained.
The company is still in operation as of today, and it allegedly makes about $3 million a year. A range of bags, from backpacks to totes, are now part of Meredith’s product line and may be purchased online.
Yes, Meredith was able to get Lori Greiner to sign an initial contract. Lori offered a $200,000 loan with a $0.75 royalty for each bag sold and 5% equity.
| Shark(s) name | Offer & Demand | Counteroffer | Accepted? |
| Lori Greiner | 1# $200,000 as a loan for 5% equity + a royalty of $1 per bag in perpetuity 2# $200,000 as a loan at 5% interest for 5% equity + a royalty of $1 per bag in perpetuity | $200,000 as a loan at 5% interest for 5% equity + a royalty of $0.75 per bag in perpetuity | Yes |
| Barbara Corcoran | Out | N/A | N/A |
| Kevin O’Leary | $200,000 as a loan for 3% equity + a royalty of $1.50 per bag until $750k is paid | N/A | No |
| Sara Blakely | $200,000 as a loan + a royalty of $1 per bag until the loan is repaid | N/A | No |
| Mark Cuban | Out | N/A | N/A |
Makeup Junkie Bags Shark Tank pitch
After becoming dissatisfied with conventional makeup bags that didn’t suit her demands, Meredith Jurica, a creative and motivated businesswoman, founded Makeup Junkie Bags. Her struggles with bags that wouldn’t open flat and made it difficult to locate stuff served as her inspiration. In order to address this, Meredith created a fashionable, waterproof purse that doubles as an evening bag or clutch and opens flat for convenient access.
Customers rapidly expressed interest in her bags, especially for bulk orders, and they became an immediate hit. Meredith faced difficulties along the way since she had to increase production to meet demand without sacrificing quality.
Meredith requested $200,000 in exchange for 15% ownership of her business when she first appeared on Shark Tank. She clarified that her Makeup Junkie Bags’ distinctive form made it possible for them to lie flat, which made finding objects easier, and that they were waterproof, which eliminated the frequent problem of spillage. She disclosed that although her purses retail for roughly $50, they cost about $6 to create.
After 18 months of initial sales of $1 million, Meredith said she needed a shark’s assistance to boost production without compromising quality. Keep reading our Makeup Junkie Bags update to see what happens next!
Lori asked about the cost of the product. The founder replied that it cost her $6.75 to make a medium one and $7.50 to make a large one.
Mark Cuban asked the price of the large one. The founder replied as they are 90% wholesale, they wholesale this for $24 and retail for $50.
Sara Blakely enquired as to how the bags were different from other cosmetic bags available for purchase. Meredith described the bag’s waterproof construction and special flat-opening capability.
Lori Greiner: Inquired as to whether she had thought about growing her bag collection. Meredith was receptive to the concept and keen to establish her bags as a popular item.
Lori Greiner: Though she had originally intended to go out, Lori offered a loan of $200,000 in exchange for 5% stock and a $1 royalty for each bag, which was ultimately reduced to $0.75. She saw promise and liked the idea.
Kevin O’Leary provided a comparable offer, but before he recovered three times his investment, he charged a $0.75 royalty. Although he preferred a shorter royalty period, he saw profitability.
Sara Blakely and Barbara Corcoran: Both left the company early because they believed they couldn’t contribute much value.
Mark Cuban also chose not to participate, claiming he didn’t care enough about the product to make an investment.
Product Availability
From our Makeup Junkie Bags update research, The company’s website Makeup Junkie Bags, and other internet merchants sell Makeup Junkie Bags. These bags are well-liked by beauty enthusiasts due to their fashionable appearance, flat-opening construction, and waterproof nature. The bags, which vary in design and range in price from $50 to $50, depending on size, can be used as evening purses or makeup bags.
Conclusion
Meredith Jurica’s experience on Shark Tank demonstrated her resolve to use a creative and fashionable product to solve a common issue. Meredith didn’t allow the fact that her agreement with Lori Greiner eventually fell through to deter her. Makeup Junkie Bags kept developing, adding new products to its lineup and increasing yearly sales to $3 million.
For those searching for a beauty bag that is both stylish and practical, Meredith’s bags are still a popular option today. The success of Makeup Junkie Bags serves as a reminder that entrepreneurs may pursue their goals with tenacity and passion even in the absence of a finalized Shark Tank contract.
Hey, I’m Amna Habib an undergraduate student of Bachelors in Business Administration. Shark Tank is one of my favorite TV shows of all time. The show provides a fascinating insight into the world of entrepreneurship by presenting creative solutions to common problems, which strongly connects to my academic interests. I’m interested in learning more about the strategic thinking and creativity that lead these companies as each pitch provides insightful information. I’ve found that watching Shark Tank has inspired my enthusiasm for business and entrepreneurship and has been a very enlightening and motivating experience. Apart from business and writing, I love food, shopping, and hanging out with friends and family. Read more About me.
