Swimply Net Worth Shark Tank Update 2025

The fact that his neighbor’s pool was unoccupied alerted Bunim Laskin to a problem. Pools require a lot of maintenance and are costly. Bunim aimed to encourage people to utilize their pools more frequently. He then began Swimply. Using the Swimply app, users may rent private pools on an hourly basis. 

Think of it as Airbnb for swimming pools. Pool owners determine their own rates and hours for pool rentals. Those who wish to swim are paid on an hourly basis. On Season 11 of Shark Tank, Bunim made a pitch to Swimply. He requested $300,000 in exchange for 5% of the business. Will the entrepreneur get a deal on Shark Tank? Check out the Swimply update to find out!

Swimply Net Worth Shark Tank Update 2025

Bunim Laskin asked for a $300,000 investment in exchange for 5% equity in his company. This meant he valued his company at $6 million. He did not make a deal with any of the Sharks. After the show aired, Swimply 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 Swimply is about $9.66 million.

Despite not landing a deal on Shark Tank, Swimply has achieved success. Swimply has expanded since Shark Tank and is currently present in over 125 US markets. The business has also grown in Australia and Canada.

Swimply’s growth was accelerated by the pandemic as people sought out safe and discreet ways to enjoy themselves. Swimply saw a sharp rise in sales. Swimply has sold $70 million throughout its existence. Swimply’s monthly income is seven figures. With intentions to continue developing, Swimply is one of the pool rental firms with the fastest rate of growth.

They did not receive a deal. Bunim requested 5% stock in return for $300,000. The huge valuation worried the sharks, but they liked the idea. By 2022, Bunim said his company would be worth $289 million. 

This was deemed unreasonable by Kevin O’Leary, Robert Herjavec, and others. Though their motivations varied, all of the sharks believed the corporation was taking too many risks. Bunim persisted in making Swimply a powerful business even in the absence of a deal.

Shark(s) name	Offer & Demand	Counteroffer	Accepted?
Barbara Corcoran	Out	N/A	N/A
Lori Greiner	Out	N/A	N/A
Kevin O’Leary	out	N/A	N/A
Robert Herjavec	Out	N/A	N/A
Mark Cuban	Out	N/A	N/A

Swimply Shark Tank pitch

Swimply was created by Bunim Laskin after he noticed a pool that was hardly ever used. He believed that keeping the pool vacant while people could use it was a waste. Bunim then enquired with his neighbor about paying to use the pool. 

Soon, a large number of neighbours wanted to use it. This concept became Swimply. But it wasn’t easy to start Swimply. Convincing pool owners to rent out their pools was a problem Bunim had to deal with. It was also his responsibility to design a user-friendly platform.

Bunim promoted Swimply as a pool-related Airbnb on Shark Tank. He requested $300,000 for a 5% stake. He clarified that pool owners might rent out their pools to earn additional revenue. Swimply earns money by collecting a percentage from swimmers and hosts. 

Swimply had experienced growth, and Bunim predicted that its sales would reach millions. The entire revenue for the company was approximately $990,000. Bunim anticipated the sharks would assist him in growing the company.

The sharks had questions about Swimply. Robert Herjavec asked about Swimply’s profitability. He wondered if Swimply could make enough money to be worth the investment. Lori Greiner liked the concept but had questions about how it would work in different areas. 

Mark Cuban asked about the valuation and whether people would really use the app. Each shark had doubts about how Swimply could grow. These questions showed the risks the sharks saw with Swimply.

The sharks liked the idea of Swimply but had concerns. Robert Herjavec did not think Swimply would be profitable. He was the first to go out. Lori Greiner thought it was a good concept, but did not want to invest.

Barbara Corcoran liked Bunim’s passion but felt he spoke too fast. She also went out. Mark Cuban and Kevin O’Leary also decided not to invest due to doubts about the valuation. No shark made a deal with Swimply.

What Went Wrong With Swimply  On Shark Tank?

On Shark Tank, Swimply’s valuation was the main problem. Bunim predicted that Swimply would quickly rise to a high valuation. This seemed overly hopeful to the sharks. Mark Cuban and Kevin O’Leary did not believe the estimates were realistic. 

Robert Herjavec questioned Swimply’s ability to turn a profit. Barbara Corcoran was concerned about Bunim’s communication style because she felt he spoke too quickly. The sharks rejected the deal for these reasons.

Product Availability 

Swimply offers a unique way to rent pools by the hour. Pool owners set prices between $45 – $90 an hour. People looking for a private place to swim can rent pools close to home. Swimply makes money by taking a percentage from both pool owners and renters. 

The app is available in the United States, Canada, and Australia. Swimply’s website and app allow easy booking for both pool owners and renters. Swimply’s service is contactless, which made it popular during the pandemic. This helped Swimply grow fast.

Conclusion

Despite not ending with a deal, Swimply’s Shark Tank experience was successful. Swimply has expanded into a sizable enterprise thanks to Bunim Laskin. Swimply currently provides services in three countries and numerous cities. Swimply continues to grow its user base and pool owners. 

It has lifetime sales of over $70 million. The company’s main goal is to grow and become more visible. Swimply benefited from the epidemic as people sought out safe summertime activities. Nowadays, Swimply is a great option for anyone wishing to rent a private pool, and the future appears bright for this expanding business.