Greg Nigro identified an issue. Although they lacked the funds or space for large gym equipment, people nevertheless desired to work out at home. Terra-Core was his creation. The Terra-Core is a unique exercise board. It can be used for a variety of workouts and is filled with air. Greg wanted to make it easier for people to exercise at home with a single piece of equipment. In Season 11 he appeared on Shark Tank.
He requested $300,000 in exchange for 15% shares. Will the entrepreneur get a deal on Shark Tank? Check out the Terra-Core Fitness update!
terra-core fitness Net Worth Shark Tank Update 2025
Greg Nigro asked for a $300k investment in exchange for 15% equity in his company. This meant he valued his company at $2 million. He made a deal with Lori Greiner for $300k in exchange for 22.5% of his company. This new deal valued his company at approximately $1.33 million. After the show aired, Terra-Core 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 Terra-Core is about $2.13 million.
Terra-Core kept expanding after Shark Tank. Greg’s attention shifted. He initially intended to offer Terra-Core to fitness centres. He now concentrates on selling it to domestic customers, though. The business has expanded as a result. Terra-Core earns about half a million dollars annually.
Large publications like the Wall Street Journal and Men’s Health have also highlighted the product. The product is popular and has a large number of satisfied clients. Terra-Core is still operating. It is still doing well in the market even though it hasn’t become a big hit.
Terra-Core did indeed land a deal on Shark Tank. Greg Nigro requested $300,000 for 15% equity. Numerous sharks expressed interest in his product but Lori Greiner offered him $300,000 for 22.5% equity. Greg accepted her offer because she believed in his product and wanted to support his growth. Other sharks also made offers but Greg went with Lori’s.
| Shark(s) name | Offer & Demand | Counteroffer | Accepted? |
| Daymond John | $300,000 for 40% equity | #1 20% for $300,000 #2 35% for $300,000 #3 30% for $300,000 | N/A |
| Lori Greiner | $300,000 for 22.5% equity. | N/A | yes |
| Kevin O’Leary | $300,000 for 15% equity, plus a $20 per unit royalty until he recouped $1 million | N/A | N/A |
| Anne Wojcicki (guest shark) | $300,000 for 17% equity, plus a $10 per unit royalty in perpetuity | N/A | N/A |
| Mark Cuban | out | N/A | N/A |
Terra-Core Fitness Shark Tank pitch
Terra-Core was developed by Greg Nigro to address an issue. He observed that individuals wanted to exercise at home but lacked the room necessary for large equipment. Greg had the idea to create a space-efficient device that could be utilized for a variety of exercises. His response was Terra-Core.
Despite its small size, it can be utilized for a variety of exercises. In the beginning, Greg encountered difficulties. Getting his goods noticed was difficult. He also needed to figure out how to cut the cost. Greg continued nevertheless. He put a lot of effort into getting Terra-Core onto the market.
Greg Nigro had a strategy when he appeared on Shark Tank. He requested $300,000 in exchange for 15% of Terra-Core. Greg demonstrated Terra-Core’s operation to the sharks. To show off the exercise board he brought people along. Although Terra-Core is small it may be utilized for a variety of exercises.
Greg demonstrated how it might increase the difficulty of workouts and aid in strength development. He shared his success to date with the sharks. On Kickstarter, Terra-Core raised $95,000. Two years prior it had sold $2.1 million worth of merchandise since its debut. Greg hoped the sharks would help him develop more.
The sharks had a lot of questions concerning Terra-Core. They wanted to learn more, but they liked the concept. They wanted to know how much it cost to make and how much Greg was asking for it. Greg informed them that the cost of making each board is $73. The price he was asking was $199.
Additionally, the sharks wanted to know if the product was well received. Greg updated them on his Kickstarter efforts to raise funds and sales to date. For the sharks, the numbers worked. They wanted to know if Terra-Core sold primarily to homes or gyms. Greg stated that the majority of his sales were to gyms but he hoped to increase his sales to households.
Greg’s product was favoured by the sharks. They saw great potential in Terra-Core. The first to make an offer was Daymond John. He made a 40% equity offer of $300,000. Additionally, Kevin O’Leary offered. He offered $300,000 for 15% stock plus $20 per unit in royalties until he had $1 million back. These offers were not immediately accepted by Greg. Daymond modified his proposal to include 35% equity.
Then Lori Greiner extended an invitation. In exchange for a 22.5% stake, she offered $300,000. Daymond reduced his offer to 30% equity once more. Anne Wojcicki also made an offer. She made an offer of $300,000 for 17% equity and an indefinite royalty of $10 per unit. The royalty proposals did not sit well with Greg. Greg gave it some thought and agreed to Lori’s offer of 22.5% shares.
What Went Wrong With Terra-Core Fitness On Shark Tank?
All of the sharks loved the product, however others had issues with it. Greg didn’t support Kevin O’Leary’s request for a royalty agreement. Anne Wojcicki also wanted a royalty deal. Greg felt that his business suffered because of the royalty agreements.
Daymond John made the first bid but it was too high.
He wanted forty percent of the company. Greg didn’t want to lose that much stock. Daymond lowered his offer but Greg would not accept it. Lori’s offer was the greatest one for Greg. She made a lesser ownership offer than the others and didn’t want a royalty. That’s why Greg ultimately accepted her offer.
Product Availability
Terra-Core is a multipurpose exercise board that is filled with air and can be used for a variety of exercises. It helps people develop strength, balance, and agility. By using more muscles Terra-Core makes every workout harder. Only taking up three square feet of space the board is ideal for people who don’t have much room for exercise equipment.
Terra-Core can be used in both commercial and home gyms. The product costs $199 and is available on Amazon and the company’s website. Terra-Core is well-liked by those who prefer to work out at home and the company has shifted its focus to selling to individuals rather than gyms.
Conclusion
Terra-Core’s Shark Tank voyage was successful. Greg Nigro developed a device that allows people to exercise at home without requiring a lot of room. His concept was well received by the sharks. Following numerous offers, Greg agreed to a deal with Lori Greiner. Since the program, Terra-Core’s growth has expanded. Today, the company’s annual revenue is $500,000.
Numerous magazines have featured it and it has a large following of satisfied clients. People are staying fit at home with Terra-Core which is still for sale. Since the company is still selling to individual clients its future appears bright.
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.
