Cyndi Lee developed Safe Grabs to address a significant issue. She often scorched her fingers on heated dishes. She aimed to design something that would ensure safety for individuals in the kitchen. Safe Grabs is a silicone mat that assists you in handling hot items from the microwave without burning yourself. It is resistant to heat, slip-resistant, and simple to clean.
Cyndi encountered numerous obstacles before reaching Shark Tank. She had difficulty earning money and promoting the product. However, she didn’t stop trying. She continued to put in great effort. Cyndi had the opportunity to present Safe Grabs on Shark Tank during season 8. She sought $75,000 in exchange for 12% ownership of her business. Let’s discover what occurred afterward. Will the entrepreneur get a deal on Shark Tank? Check out the Safe Grabs update!
Safe Grabs Net Worth Shark Tank Update 2025
Cyndi Lee asked for a $75k investment in exchange for 12% equity in her company. This meant she valued her company at $625,000. She made a deal with Lori Greiner for $75k in exchange for 25% of her company. This new deal valued her company at $300,000. After the show aired, Safe Grabs 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 Safe Grabs is about $777,000.
In our Safe Grabs update research, Following Cyndi’s appearance on Shark Tank, Safe Grabs saw significant success. She struck a deal with Lori Greiner. Lori consented to put in $75,000 for a 25% ownership stake in the company. This agreement enabled Safe Grabs to expand quickly. The business grew into significant retailers such as Bed Bath & Beyond and Home Depot.
Safe Grabs sold out on QVC within a single day. Cyndi’s sales increased rapidly following the show. In 2017, her sales reached $2.4 million. By the year 2020, the company had earned more than $5 million. Even amid the COVID-19 pandemic Safe Grabs performed successfully. The firm achieved $4 million in revenue in 2022. Safe Grabs has reached over $24 million in total sales now. With Lori’s assistance, Safe Grabs continues to thrive today.
In terms of the Safe Grabs update, Yes Safe Grabs secured a deal on Shark Tank. Cyndi Lee presented her product to the sharks requesting $75,000 for a 12% stake in her business. She aimed to utilize the funds to expand Safe Grabs and increase its presence in more retail locations. Following extensive conversation, Lori Greiner proposed a deal. She proposed $75,000 in exchange for 25% of the business.
Cyndi accepted the agreement. This was a significant moment for Safe Grabs. Lori’s expertise and connections facilitated the rapid growth of the company. Cyndi was thrilled to collaborate with Lori and grow her business.
| Shark(s) Name | Offer & Demand | Counter Offer | Accepted? |
| Lori Greiner | $75,000 for 25% equity | N/A | Yes |
| Daymond John | Out | N/A | N/A |
| Kevin O’Leary | Out | N/A | N/A |
| Mark Cuban | Out | N/A | N/A |
| Robert Herjavec | Out | N/A | N/A |
Safe Grabs Shark Tank pitch
Cyndi Lee encountered an issue. She frequently scorched her hands when removing hot items from the microwave. She aimed to discover an answer. Cyndi considered developing a tool that would assist individuals in securely handling hot objects. She created Safe Grabs a silicone mat that withstands heat and is simple to use. Cyndi understood that safety in the kitchen was essential.
She put in great effort to ensure Safe Grabs reached its full potential. However, it was not simple. At the outset, Cyndi encountered numerous difficulties. She faced difficulties in having the product manufactured. She needed to determine how to make it economical and effective. Cyndi also needed to secure a patent for the item. Similar products were already available in the market.
However, Safe Grabs stood apart. It was the sole flexible silicone mat capable of managing hot objects in the microwave. Despite the obstacles, Cyndi remained determined. She had faith in her concept. She continued to work on it. Ultimately, her dedication bore fruit. Safe Grabs achieved great success.
When Cyndi Lee entered the Shark Tank she was prepared. She presented a distinct proposal for Safe Grabs. She sought $75,000 for 12% ownership in her business. Cyndi started by describing the functionality of Safe Grabs. It was a round silicone pad intended to assist individuals in safely managing hot objects from the microwave. She demonstrated to the sharks that the product was resistant to heat, non-slip, and simple to clean.
Cyndi also distributed samples to the sharks. The sharks were inquisitive. However, they had numerous inquiries as well. Cyndi mentioned that the product was designed for safety. She mentioned it might aid in preventing burns. Safe Grabs was free from BPA and non-harmful. It was available in two dimensions: 10 inches and 12 inches. The sharks showed interest but also sought additional information about the business.
Cyndi detailed the expenses involved in producing the product and its selling price. She stated that the 10-inch model was priced at $12.85 and had a production cost of $2.75. However, even though she sold numerous units her profits were minimal. Cyndi mentioned that she was continuing to work on the patent for the product.
She acknowledged that other comparable products existed in the market yet Safe Grabs stood out due to its versatility. The sharks paid close attention and a few of them began to feel uncertain.
The sharks posed numerous inquiries during the pitch. They were curious about how Safe Grabs differed from other products. Mark Cuban inquired whether the product had sufficient potential for growth. He believed that Safe Grabs lacked the potential for significant expansion. He chose to forgo the deal. Barbara Corcoran concurred with Mark as well. She believed Safe Grabs wasn’t suitable for her.
Thus she also declined the offer. Next in line was Kevin O’Leary. He mentioned that the packaging required some improvement. He believed the product would perform well on QVC but was not inclined to invest.
Robert Herjavec also declined the offer. He complimented Cyndi’s work but mentioned that the product didn’t appeal to him. In the end, just Lori Greiner remained. Lori continued to listen. She appreciated the product and recognized its potential. She realized she could assist Cyndi in getting it into well-known stores. Lori possessed the experience and network to assist Safe Grabs in expanding.
However, she desired a larger portion of the business. She proposed $75,000 for a 30% stake in the business. Cyndi considered it and proposed a counteroffer. Instead, she consented to provide Lori with 25% of the company. Lori agreed to the new proposal. They reached an agreement.
The sharks were uncertain about Safe Grabs. Mark Cuban believed it lacked growth potential. He believed that the market for kitchen safety products was already overcrowded. Barbara Corcoran concurred and felt there wasn’t sufficient potential for Safe Grabs. Kevin O’Leary concentrated more on the packaging. He believed it needed some enhancements before appearing on QVC.
Robert Herjavec commended Cyndi but felt the product wasn’t suitable for him. Ultimately Lori Greiner was the sole person willing to strike a deal. Lori recognized the worth of Safe Grabs. She thought it could perform successfully in large retail outlets. Lori proposed $75,000 to Cyndi in exchange for 30% ownership in the company. Cyndi considered it and proposed a counteroffer. Instead, she proposed 25% equity to Lori. Lori consented and they finalized the agreement. This was a major success for Cyndi and Safe Grabs.
What Went Wrong With Safe Grabs On Shark Tank?
Safe Grabs encountered several difficulties on Shark Tank. The majority of the sharks believed the product lacked sufficient space for expansion. Mark Cuban did not perceive significant potential in the product. He believed it would not grow past the existing market. Barbara Corcoran concurred with Mark and chose against investing. Kevin O’Leary believed that the packaging required improvement.
He mentioned that the product would perform well on QVC but he didn’t believe it suited him. Robert Herjavec commended Cyndi but believed the product wasn’t suitable for him. Ultimately every shark but Lori declined the offer. They did not perceive sufficient worth in the product.
Product Availability
Safe Grabs comes in two sizes: 10 inches and 12 inches. It’s a silicone pad designed for handling hot objects from the microwave. The mat is resistant to heat and slipping. It is likewise non-toxic and free of BPA. Safe Grabs can be bought from Amazon and various other online stores. It is additionally available in prominent retail stores such as Bed Bath & Beyond and Home Depot.
The 10-inch version of the product costs $12.85. Safe Grabs is simple to tidy up and can be utilized in the microwave, oven, and freezer. The company’s site provides additional details about the product and locations for purchase.
Conclusion
Safe Grabs experienced a wonderful adventure on Shark Tank. Cyndi Lee put in considerable effort to develop a product that ensured safety for individuals in the kitchen. Although encountering difficulties Cyndi persisted. She struck a deal with Lori Greiner and expanded Safe Grabs into a thriving enterprise. The business continues to prosper today generating millions in revenue.
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.
