Many people find it difficult to find time for leisure and relaxation in today’s hectic society. People are frequently exhausted and under a lot of stress. Daniel Turissini recognized this issue and came up with a fix. He set up a meditation center called Recharj where individuals could meditate and take power naps. Recharj provided a place for people to unwind and enhance their health.
Daniel thought that people could feel better and be more focused after taking a power nap. He provided both private and group meditation classes at his studio. It was a tranquil area intended to reduce stress and enhance well-being. Daniel wished to bring this concept to further cities. In order to expand his business, he planned to secure an investment from the sharks. He requested $75,000 to cover 15% of his company. Will the entrepreneur get a deal on Shark Tank? Check out Recharj’s update!
Recharj Net Worth Shark Tank Update 2025
Daniel Turissini asked for a $75,000 investment in exchange for 15% equity in his company, Recharj. This meant he valued his company at $500,000. Unfortunately, he did not secure a deal from the sharks. After the show aired, Recharj saw a big increase in website traffic, sales, and social media exposure. However, due to challenges in scaling and financial difficulties, the company shut down in 2022. As of today, Recharj no longer operates, and its current net worth is $0.
Recharj did not endure long after making an appearance on Shark Tank. Despite numerous obstacles, Daniel made an effort to keep the company operating. Daniel turned his attention to business wellness initiatives after the show. He started providing meditation classes for large buildings and businesses. Daniel had to shut down the actual studio when the epidemic struck in 2020.
He made the decision to keep the firm operating by concentrating on virtual sessions. Daniel continues to provide online meditation sessions even after the studio closed in 2021. But by 2022, Recharj’s website was no longer operational. Social media was no longer updated. Daniel formally shut down Recharj in August 2022. Daniel pursued a new profession as a managing partner at Synergy Federal Services after dissolving the company.
There was no transaction for Recharj. Daniel requested $75,000 in exchange for 15% of his company. His goal was to make Recharj bigger. He wanted to expand the company. However not a single shark offered. The first person to leave was Mark Cuban. The figures didn’t make sense to him. Rohan Oza left as well. The investment seemed too hazardous to him.
Robert Herjavec also left. He didn’t believe that people would quit their jobs to take a nap. Lori Greiner left as well. She didn’t believe she was cut out for the industry. Barbara Corcoran declined as well. Daniel received no offers. He did not leave the tank with a bargain.
| Shark(s) name | Offer & Demand | Counteroffer | Accepted? |
| Rohan Oza (Guest Shark) | Out | N/A | N/A |
| Lori Greiner | Out | N/A | N/A |
| Robert Herjavec | Out | N/A | N/A |
| Barbara Corcoran | Out | N/A | N/A |
| Mark Cuban | Out | N/A | N/A |
Recharj Shark Tank pitch
Daniel Turissini came up with Recharj because he saw a problem. People are busy and stressed. They need time to relax. Daniel worked a busy job. He felt the same stress. He saw that many people had no place to rest. They needed somewhere to recharge. Daniel liked meditation. He believed it could help. He wanted to help people feel better. He wanted to offer a space for people to relax.
This led him to create Recharj. Daniel wanted to create a place where people could take a break. The idea was to help people improve their health and reduce stress. Daniel believed meditation and naps could help. He wanted to create a place for people to recharge. Before Recharj Daniel worked in the corporate world, he knew the pressures people faced. Daniel understood how hard it was to find time for self-care.
He saw the rise in wellness services. Meditation was becoming more popular. He wanted to take advantage of this. He saw a chance to help people. He saw a way to make a business. He believed in the power of meditation. He thought it could help people feel better. This led to the creation of Recharj. The idea was to offer a place where people could rest. Daniel believed this would be a successful business.
At first, it was hard. Daniel had to invest his own money. He took out a small business loan. He faced many challenges in the beginning. He had trouble attracting customers. But slowly people began to notice the business. Recharj started to grow. More people began to appreciate the service. Daniel knew the business could grow but needed more money. He wanted to expand Recharj to more cities. This is why he went to Shark Tank.
Daniel entered the tank ready to pitch. He was aware of his brilliant concept. He had faith in his company. People were stressed, he explained. They needed time to unwind. Recharj was the answer. The studio included meditation sessions and power naps. Daniel clarified that reservations could be made online. Both solo and group sessions were available at the studio.
He requested $75,000 in exchange for 15% of the company. Daniel described the operation of the company. The cost of each power sleep was $9. The duration was twenty-five minutes. Twelve persons might be accommodated in the studio at once. Daniel stated that he had contributed $300,000 to the company. A loan accounted for $158,000 of that total. In 2017 Daniel thought the company would break even.
He desired to grow and connect with more people. Daniel was confident in his pitch. He wanted to convince the sharks. He believed that Recharj could grow and succeed. He thought the sharks would help him expand. Daniel hoped to secure a deal. He thought the business had a lot of potential.
After Daniel finished his pitch the sharks began to ask questions. They wanted to know more about the business and the numbers behind it. Mark Cuban was the first to speak. He asked about the cost of each nap and the pricing structure. Daniel explained that each power nap cost $9 and lasted 25 minutes. The sharks were curious about the capacity of the studio. Daniel mentioned that the studio could accommodate up to 12 people at a time. This led to some concerns about the scalability of the business.
Robert Herjavec was concerned that people would not take time off from their jobs to take a nap. He asked if the business would be able to grow. He pointed out that the studio only had limited space. Daniel explained that he was offering both group and private sessions. He also highlighted the online booking system which allowed customers to easily book their naps. However, Robert was still not convinced.
He said he didn’t think people would take time out of their busy days to visit the studio. Rohan Oza also asked about the numbers. He wanted to know how much Daniel had invested in the business and how much the studio was making. Daniel shared that he had invested $300,000 in Recharj. He also said that he expected the business to break even by 2017. Rohan was concerned about the return on investment.
He didn’t think the business would bring in enough money to justify the investment. He decided to drop out. Lori Greiner asked about the target market for Recharj. She wanted to know who the ideal customer was. Daniel explained that the studio catered to busy professionals who needed a break from their hectic schedules. He also mentioned that the studio offered corporate wellness programs.
However, Lori did not think the business was the right fit for her. She also decided to drop out. Barbara Corcoran said she didn’t believe the business would be profitable. She thought it was a great idea but didn’t think it would succeed. She also dropped out. As the sharks continued to ask questions Daniel began to feel the pressure. Despite his efforts to convince them none of the sharks were convinced that the business would succeed.
Daniel received no offer from any of the sharks. They all voiced worries about the company’s profitability and scalability. The financial figures didn’t make sense to Mark Cuban. Robert Herjavec didn’t think anyone would quit their work to go to sleep. According to Rohan Oza, the investment was excessive given the anticipated yield. Both Barbara Corcoran and Lori Greiner believed that the company was not a good fit for them. They all made the decision to leave. Daniel didn’t get a deal when he left Shark Tank.
The sharks didn’t think Recharj had the capacity to develop. They felt that the market for meditation studios was too small and that the business model was too small. The lack of scalability and the concerns about profitability ultimately led to the decision not to invest.
What Went Wrong With Recharj On Shark Tank?
Recharj faced several challenges on Shark Tank that led to the company not securing a deal. The scalability problem was the primary one. The sharks feared the company wouldn’t be able to expand outside its existing site. The potential of the business was limited because the studio could only hold a certain number of individuals at once. Both Mark Cuban and Robert Herjavec wondered if individuals would stop their hectic schedules to come to the studio. They didn’t know if the market was big enough for Recharj to be successful.
The finances were another problem. Rohan Oza felt that the investment was too high for the expected return. He didn’t believe the company would make enough money to cover the investment. The lack of clear financial projections and the uncertainty about the future of the business led to the sharks’ decision to drop out.
Product Availability
Recharj provided meditation classes and power naps at its studio. Each snooze lasted 25 minutes and cost $9. Additionally, the facility provided both private and group meditation instruction. Recharj’s website offered online booking for the services. However, the product is no longer accessible since the company closed in 2022. Social media updates have ceased and the Recharj website is no longer functioning. The company has ceased operations.
Conclusion
Recharj was a company that aimed to address rising demand in the hectic world of today. Daniel Turissini envisioned an area where individuals might unwind and recharge. However despite his efforts the business did not succeed. The sharks had no interest in investing in Recharj. The business had trouble making money and growing. Daniel switched to virtual meditation sessions after the pandemic struck. But by 2022 Recharj was officially shut down. Daniel went on to work with Synergy Federal Services as a managing partner. Recharj’s journey on Shark Tank ended without a deal but it showed the challenges of starting and growing a business.
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.
