Lollacup Toddler Cup, founded by Hanna and Mark, appeared on Shark Tank Season 3, Episode 12. They pitched their flagship product, the Lollacup-a straw sippy cup featuring a valveless weighted straw designed for easy sipping by toddlers. The product is made in the USA from BPA- and phthalate-free plastic, aiming to provide a spill-proof and easy-to-use cup for young children.
| Company Name | Lollacup Toddler Cup | |
| Founder/Co-Founder | Hanna and Mark | |
| Founded | 2010 | |
| Product | Weighted straw sippy cup for toddlers | |
| Asked For | $100,000 for 40% equity | |
| Final Deal | $100,000 for 40% equity | |
| Shark | Mark Cuban & Robert Herjavec | |
| Episode | S3 E12 | |
| Air Date | April 27, 2012 | |
| Business Status | In Business | |
| Website | Visit Website | |
| Headquarters | California, United States | |
| Annual (Revenue) | Estimated $2 million (as of 2023) | |
| Worth / Valuation | $250,000 | |
| Buy and Watch | Buy Now | Amazon Prime |
Business Pitch Episode Recap
Hanna and Mark presented the Lollacup, highlighting its innovative valveless weighted straw that allows toddlers to sip easily from any angle without spills. The cup is made in the USA with safe, BPA-free materials. The founders demonstrated the product’s ease of use and emphasized its appeal to parents seeking practical toddler cups.
During negotiations, Daymond John offered $100,000 for 50% equity contingent on breaking an existing sales agreement, which the founders declined. They countered with $100,000 for 40% equity, which Robert Herjavec considered.
Mark Cuban then gave them a 24-second shot clock to decide on his matching offer of $100,000 for 40%. Daymond lowered his offer to $100,000 for 30% but dropped out when the founders took too long to decide.
Ultimately, the founders accepted a two-shark deal with Mark Cuban and Robert Herjavec for $100,000 in exchange for 40% equity.
Sharks Offers List
| Sharks | Offers |
|---|---|
| Lori Greiner | No Offer |
| Mark Cuban | $100,000 for 40% equity (accepted) |
| Daymond John | $100,000 for 50% equity (dropped out) |
| Robert Herjavec | Partnered with Mark on $100,000 for 40% |
| Kevin O’Leary | No Offer |
| Founder’s Counter | No Counter |
| Final Deals | $100,000 for 40% equity |
Lollacup Toddler Cup Shark Tank Update
Following the show, Lollacup rebranded as Lollaland and expanded its product line to include a variety of toddler food and drink-related products. The company continues to manufacture in the USA and maintains a strong presence on Amazon and its own website.
As of 2023, Lollaland’s annual sales are estimated at around $2 million. The brand remains popular among parents for its innovative, safe, and practical toddler products.
What is Lollacup Toddler Cup’s Net Worth?
At the time of the Shark Tank deal, Lollacup was worth at $250,000, based on the $100,000 investment for 40% equity. The company’s valuation has grown alongside its product expansion and steady sales, with estimated annual revenues of $2 million as of 2023, reflecting a successful post-show trajectory.
