Petrol Net Worth Shark Tank Update 2025

Dogs often struggle to stay adequately hydrated. This lack of proper hydration negatively impacts their health. To address this, Julie Yenichek and Ryan Huyghe came up with Petrol. It was a hydrating beverage enriched in vitamins and 100% natural ingredients.

The pair came on Shark Tank with an ask of $150,000 with an equity of 20% in their business. Did the Sharks end up taking a bite at the business? Find out in our Petrol Shark Tank Update!

petrol Net Worth Shark Tank Update 2025

Julie Yenichek and Ryan Huyghe asked for a $150k investment in exchange for 20% equity in their company. This meant they valued their company at $750,000. They did not make a deal with any of the Sharks, so the valuation remained unchanged. After the show aired, Petrol 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 Petrol is about $1.2 million.

The company’s financial problems were foretold by the sharks. After failing to close a transaction on Shark Tank, they were left with few options. Julie moved on to become the Director of Community Relations at Lowe’s. Ryan now works for Able Roof.

Rohan expressed apprehension regarding the potential market demand for the product. He eventually withdrew from the deal. Barbara raised concerns about the business’s history of restarts and was hesitant to move forward. As a result, she decided to step out of the deal.

Lori voiced doubts about the level of consumer interest in the product. This influenced her decision to refrain from investing. Robert perceived numerous obstacles that the business would likely face in the future and backed out. Lastly, Mark Cuban, too, decided to exit the deal.

Shark(s) Name	Offer and Demand	Counteroffer	Accepted?
Mark Cuban	Out	N/A	N/A
Robert Herjavec	Out	N/A	N/A
Lori Greiner	Out	N/A	N/A
Barbara Corcoran	Out	N/A	N/A
Rohan Oza	Out	N/A	N/A

Petrol Shark Tank Pitch

Julia’s inspiration to develop Petrol was her concern regarding dogs’ general health. She recognized that dehydration was a significant factor affecting their well-being. The solution aimed to encourage dogs to drink more by providing them with a range of appealing flavors. This approach was designed to offer an attractive alternative to plain water.

Julia collaborated with a veterinary nutritionist to ensure the formulation was both safe and beneficial for dogs. Together, they experimented with several different flavors. They aimed to create a product that would not only entice dogs to drink more but also support their nutritional needs. After extensive research and testing, one particular flavor emerged as the clear favorite among dogs. It ended up becoming the foundation of her innovative hydration product.

The team entered the Shark Tank seeking a $150,000 investment in exchange for a 20% equity stake in their company, Petrol. It was a special beverage made just for dogs that tasted great in place of regular water. The drink was made entirely from natural ingredients and enriched with essential minerals. It was formulated to improve canine hydration while supporting overall health.

To demonstrate the appeal of their product, the team brought a dog. It showcased firsthand how much dogs enjoy the drink. Julia highlighted that the drink had a savory profile, which distinguished it from other pet beverages on the market. As the pitch progressed, the Sharks went on to taste the drink themselves. Lori commented that it had a taste reminiscent of bone broth.

Robert raised his initial concern by questioning the need for a product like Petrol. Julia responded by explaining her motivation to offer dogs a variety of tastes. She aimed to enhance their drinking experience beyond plain water. 

Barbara asked about the company’s origins. Julia revealed that she originally started the business 10 years ago. Due to economic challenges and difficulties in securing loans, she was forced to put her plans on hold. Robert followed up by asking if she had achieved any sales during that initial period. Julia mentioned that many companies had approached her for export opportunities. However, she lacked the knowledge and resources to pursue those offers.

Barbara asked when they had restarted the company. Julia informed her that they had relaunched the business 18 months ago. Barbara questioned Ryan about his involvement and investment at the time of relaunch. Ryan disclosed that he had invested $25,000.

Robert further asked how much they had sold since the relaunch. He was disappointed to learn that their sales had only reached $16,000. His concern grew more when he discovered that the company was currently out of product.

Mark questioned Julia about how she initially funded the company 10 years ago. She explained that she had used $100,000 from her retirement savings to get the business off the ground. Around  $90,000 of this investment went towards product development. The remaining $10,000 was allocated to showcasing Petrol at a trade show to generate market awareness. Mark also inquired why she hadn’t set aside funds to produce more products. In response, Julia admitted that she had been expecting to secure additional funding.

Rohan was the first to express reservations about the potential market demand for Petrol. He questioned whether there was a sufficient market for a flavored beverage designed specifically for dogs. His concerns about the product’s ability to attract a large enough customer base led him to decline the opportunity.

Barbara raised concerns about its history of restarts. She was worried about the viability of a business that had struggled to maintain momentum over the years. Lori’s doubts about the product’s long-term appeal ultimately led her to decline the investment.

Robert was concerned about the relatively low sales figures since the company’s relaunch. He realized that the business was facing significant operational and market challenges. He also exited the deal due to his skepticism about its ability to scale effectively. Mark also chose to exit the deal.

What Went Wrong With Petrol on Shark Tank?

The Sharks had concerns since the company was facing serious operational and sustainability issues. These issues suggested that the company was struggling to maintain efficient day-to-day operations as well as long-term viability.

There were also concerns regarding the company’s poor sales performance. The Sharks questioned whether the product could meet market demands and fulfill its promises to consumers. In the end, these problems played a part in the Sharks’ collective decision not to pursue a transaction.

Product Availability

While the company was operational, the product was available on Amazon exclusively. However, it has been dysfunctional since January 2019.

Conclusion

The pair entered the Shark Tank seeking $150,000 in exchange for a 20% equity stake in their company. However, they faced criticism from the Sharks regarding the consumer demand for their product. There were also concerns about the company’s future sustainability, considering its history of being shut down 10 years prior. These issues ultimately led to no deal being made.