Zipz Single Serve Wine, founded by Andrew McMurray, appeared on Shark Tank Season 6, Episode 11 (2014), pitching an innovative single-serve wine product packaged in a recyclable plastic wine glass with patented shrink-wrap to protect the wine from UV rays and extend shelf life. Andrew sought $2.5 million for 10% equity, valuing the company at $25 million.
| Company Name | Zipz Single Serve Wine | |
| Founder/Co-Founder | Andrew McMurray | |
| Founded | Early 2010s | |
| Product | Single-serve wine in recyclable plastic wine glasses | |
| Asked For | $2.5 million for 10% equity | |
| Final Deal | $2.5 million for 10% equity (Kevin O’Leary) with option for additional 10% | |
| Shark | Kevin O’Leary | |
| Episode | S6 E11 | |
| Air Date | 2014 | |
| Business Status | Out of business (as of 2023) | |
| Website | Visit Website | |
| Headquarters | United States | |
| Annual (Revenue) | $0 million | |
| Worth / Valuation | $10 million | |
| Buy and Watch | Buy Now | Amazon Prime |
Business Pitch Episode Recap
Andrew McMurray pitched Zipz as a revolutionary single-serve wine packaged in a durable plastic wine glass with patented UV-protective shrink-wrap, allowing a shelf life of about one year-much longer than competitors like Copa Di Vino. He demonstrated the glass’s durability and passed samples to the Sharks.
Andrew had already sold about $650,000 in Zipz wine and secured $130,000 in licensing deals, including a contract with Fetzer Vineyards to supply single servings in six Major League Baseball stadiums. He emphasized the packaging and licensing potential as key assets.
Kevin O’Leary was impressed by the packaging innovation but concerned about the $2.99 price point per glass. After negotiations, Kevin offered $2.5 million for 10% equity with an option to buy another 10% at a $25 million valuation if Zipz got into Costco. Andrew accepted the deal, marking one of the largest investments in Shark Tank history.
Sharks Offers List
| Sharks | Offers |
|---|---|
| Barbara Corcoran | No Offer |
| Mark Cuban | No Offer |
| Daymond John | No Offer |
| Robert Herjavec | No Offer |
| Kevin O’Leary | $2.5 million for 10% equity + option for 10% |
| Founder’s Counter | No Counter |
| Final Deals | $2.5 million for 10% equity + option for 10% |
Zipz Single Serve Wine Shark Tank Update
Despite the promising deal and initial success, Zipz Wine eventually went out of business. After the show, the company pivoted to a B2B packaging model, licensing its patented wine glass packaging to other wine brands and focusing less on direct consumer sales.
Zipz’s online presence faded after 2016, with the website and social media accounts becoming inactive. Competition, challenges in scaling, and shifting market dynamics contributed to its decline. By 2023, Zipz Wine was reported to be defunct, with no active operations.
What is Zipz Single Serve Wine’s Net Worth?
At the time of the Shark Tank pitch, Zipz was valued at $25 million based on Andrew’s ask and Kevin O’Leary’s investment deal. The company had raised $8.5 million in investments and generated $650,000 in sales pre-show. However, without sustained growth and after shifting business models, Zipz’s net worth declined, and the company ceased operations by 2023.
