Petite Keep is a business that designs personalized keepsake trunks. These trunks are created to assist families in keeping cherished memories. The creator Lindsay Mullenger aimed to design a product that is both functional and aesthetically pleasing. She launched Petite Keep to maintain family memories in a distinctive manner.
The trunks are available in various sizes to hold items such as baby clothes, birthday cards, and other mementos. Lindsay presented her business on Shark Tank. Her aim was to obtain financing to expand her business. Petite Keep provides unique features such as personalized nameplates and gentle hues. These render every trunk unique. Will the entrepreneur get a deal on Shark Tank? Check out the Petite Keep update to find out!
Petite Keep Net Worth Shark Tank Update 2025
Lindsay Mullenger asked for a $400,000 investment in exchange for 5% equity in her company. This meant she valued her company at $8 million. She made a deal with Mark Cuban, Barbara Corcoran, and Jamie Kern Lima for $400,000 in exchange for 15% of her company. This new deal valued her company at $2.67 million. After the show aired, Petite Keep 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 Petite Keep in 2025 is about $3.88 million.
In our Petite Keep update research, After Shark Tank Petite Keep grew in popularity. The show helped the company get more customers. Petite Keep’s website now has more options for custom designs. Families can choose from many colors and sizes for their trunks. The company also expanded its product line. Petite Keep’s focus is still on keepsakes.
They market their trunks as perfect gifts for new parents. The exposure from Shark Tank brought in more sales. As of 2024, Petite Keep is still in business. Their products are available online through their website. The company continues to add new features to make its trunks special.
In terms of the Petite Keep update, Yes Petite Keep got a deal on Shark Tank. Lindsay asked for $400,000 for 5% of her company. After some negotiations, Mark, Barbara, and Jamie agreed to invest. The final deal was $400,000 for 15% of the company. This funding helped Petite Keep grow. The Sharks who made the deal liked the product’s sentimental value.
They saw potential in the growing market for custom keepsakes. The deal gave Lindsay the support she needed to expand production.
| Shark(s) Name | Offer & Demand | Counter Offer | Accepted? |
| Barbara Corcoran | $400,000 for 15% equity | N/A | Yes |
| Jamie Kern Lima | $400,000 for 20% equity | #1 $400,000 for 20% equity #2 $600,000 for 12% equity #3 $400,000 for 15% equity | Yes to third offer |
| Kevin O’Leary | $400,000 for 20% equity | #1 $400,000 for 20% equity #2 $600,000 for 12% equity #3 $600,000 for 15% equity | N/A |
| Lori Greiner | Out | N/A | N/A |
| Mark Cuban | $400,000 for 15% equity | N/A | Yes |
Petite Keep shark tank pitch
Lindsay Mullenger established Petite Keep to preserve memories. As a mom, she desired a method to preserve her kids’ mementos. She observed that there were no fashionable choices accessible. This motivated her to launch Petite Keep. In the initial phases, Lindsay encountered difficulties. Producing trunks of high quality was challenging. She needed to locate the appropriate materials. She required a factory to manufacture the trunks. Financing was an additional issue.
Lindsay utilized her savings to launch the business. Promoting the trunks was difficult as well. Lindsay put in great effort to capture people’s interest. She posted her story on the internet to reach out to families. As time went by Petite Keep expanded. Individuals cherished the concept of safeguarding memories uniquely.
Lindsay’s presentation on Shark Tank was straightforward. She presented samples of her memory trunks to display to the Sharks. The trunks featured gentle hues and personalized patterns. She detailed the concept driving her business. She aimed to assist families in preserving memories. Lindsay disclosed her sales figures. She had previously sold 1000 trunks through the internet.
Her earnings were $100,000 during the initial year. She requested $400,000 in exchange for 5% of the business. The Sharks inquired about the expenses related to production. Lindsay stated that the production cost of each trunk was $50. She sold them for between $150 and $200. This provided her with a favorable profit margin. The Sharks were impressed by her figures but wanted to understand how she planned to grow the business.
The Sharks were filled with numerous inquiries. They were curious about how the trunks were created. Lindsay shared that the trunks were made by hand. She utilized sustainable materials to guarantee quality.
One Shark inquired about the rivalry. Lindsay mentioned that no other firms provided comparable products. This made Petite Keep distinct.
Another Shark inquired about customer reviews. Lindsay recounted tales of satisfied clients. Families adored the trunks and claimed they were ideal for mementos.
Certain Sharks were concerned about the cost. They considered $150 to be pricey for a memory trunk. Lindsay stated that the cost indicated the level of quality. The trunks were designed to endure for generations.
The Sharks additionally talked about shipping expenses. Lindsay mentioned that the price included shipping. This enhanced the product’s appeal to customers.
The Sharks received varied reactions to Petite Keep. Some appreciated the concept but believed it targeted a specific market. Others recognized the product’s emotional significance. A Shark chose to present a proposal. They proposed $4000,000 for a 20% stake in the company. Lindsay responded with 15%. Following a bit of negotiation they reached an agreement.
The ultimate agreement was $400,000 for a 15% stake. The Sharks who struck the deal commended Lindsay’s enthusiasm. They were confident that Petite Keep could expand with the appropriate assistance. The agreement provided Lindsay with the financial support necessary to grow her business.
What Went Wrong With Petite Keep On Shark Tank?
Not all Sharks were interested in Petite Keep. Some thought the market was too small. They worried that not enough people would buy keepsake trunks. One Shark said the price was too high. They thought families might not spend $150 on a trunk. Another Shark had concerns about scaling the business. They wanted to know how Lindsay would handle large orders.
Lindsay explained her plan to partner with more factories. Despite these concerns, one Shark believed in the product. They saw potential in the growing demand for custom keepsakes.
Product Availability
Petite Keep offers keepsake trunks in three sizes. The Mini Classic is perfect for small items. The Petite Classic is ideal for baby clothes and papers. The Grand Classic can hold larger items like blankets. The trunks come in soft colors like blush, blue and gray. Customers can personalize them with nameplates. This makes each trunk unique. Petite Keep’s website is the best place to buy their trunks.
The website has detailed photos and descriptions. Customers can choose their size and color. Prices range from $150 to $200. Shipping is included. The trunks are only available online. Petite Keep plans to add more designs in the future.
Conclusion
Petite Keep had an exciting journey on Shark Tank. Lindsay Mullenger impressed the Sharks with her custom keepsake trunks. She secured a deal and used the funding to grow her business. Today Petite Keep is still helping families save memories. The company continues to add new designs and features. Fans of the product are excited to see what’s next.
Hey there, I’m Fatima Muhammad, an International Relations student, with a focus on the strategic dynamics of global relations, One of my favorite shows is Shark Tank. I love it because it showcases the creativity, determination, and strategic thinking of entrepreneurs, which I find inspiring. The show also teaches valuable lessons about innovation, business dynamics, and the importance of perseverance in the face of challenges. Read more About me.
