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Guest Shark and founder of social media platform, Next Door, Nirav Tolia, joined long-time Sharks Mark Cuban, Lori Greiner, Robert Herjavec, and Kevin O’Leary to evaluate four businesses for investment opportunities. Entrepreneurs and founders of TheMagic5, Tabby, Soapen, and 54 Thrones came to the Shark Tank to showcase their businesses and seek financial investors who can also strategically support their businesses. All four businesses left the Shark Tank with investments from the Sharks.

TheMagic5 Receives Offers From All 5 Sharks

Denmark natives, Bo Haaber and Rasmus Barfred, came to the Shark Tank hoping to partner with a Shark willing to invest $500,000 in exchange for 2.5% equity in their company, TheMagic5. They use advanced robotic technology to run a fitting algorithm that pairs swimmers with custom-fit goggles for an affordable price. Year-to-date they have sold over $1.5 million in custom-fit goggles. The Sharks are more excited about the robotics portion of their company than they are about the goggle business they are currently in.

Bo and Rasmus found themselves in a unique position in the Shark Tank when all five Sharks extended them investment offers. Not only did all five Sharks want to invest in TheMagic5, but they also got into a bidding war trying to land the company in their portfolios. Ultimately, Bo and Rasmus accepted Robert Herjavec’s offer to invest $1 million in exchange for 6.5% equity in TheMagic5.

Tabby Partners With Kevin O’Leary

Sterling Davis, Leigh D’Angelo, and Nathan Kehn are on a mission to change the way that people feel about cat-lovers. Their social media and dating platform, Tabby, partners cat lovers up using familar swipe technology. They also feature an online community that allows cat lovers to share information about cat cafes, volunteer opportunities, events, and more. Tabby needs help with both marketing and distribution of their app and is looking for a Shark willing to invest $300,000 in exchange for 20% equity.

Unfortunately, all of the Sharks are very hesitant to invest in Tabby with the exception of Kevin O’Leary. Because Kevin is a part of Base Paws he has America’s largest directory of cat owners which would be valuable for the distribution of the Tabby app. Kevin offers to invest $300,000 in exchange for 30% equity in Tabby. Although they try to counter unsuccessfully, the trio still accepts Kevin’s offer and leaves the Shark Tank with a deal.

Soapen Gets a Last Minute Deal With Nirav Tolia

Young entrepreneurs Amanat Anand and Shubham Issar came to the Shark Tank to showcase their company, Soapen. This fun and effective way to get children to wash their hands can dramatically cut down on communicable diseases that can be deadly to children around the world. Hoping to partner with a Shark that can help them properly market their product and reduce customer acquisition costs, Amanat and Shubham are seeking an investor willing to put $100,000 in the business in exchange for 10% equity in Soapen.

While the Sharks all love the product, they are concerned that Amanat and Shubham have not figured out how to actually sell their product. They all feel that it is too early to invest in the company although they are very impressed by them and their product. As they walked out of the Shark Tank without a deal, Nirav Tolia changed his mind and decided to offer them $100,000 in exchange for 10% equity, however, he would like a $1/unit royalty until he recoups $200,000. At that point, the royalty will go away and just the 10% equity share will remain. They are thrilled to accept Nirav’s offer.

54 Thrones Accepts an Offer From Kevin O’Leary and Nirav Tolia

Christina Funke Tegbe has created a skincare line inspired by her African heritage. 54 Thrones’ name represents the 54 countries in Africa and is inspired by the beauty her motherland has to offer. Her line of premium shea butter hair and skincare products locks in moisture from head to toe. Christina is looking for an investment partner who is willing to invest $250,000 in exchange for 10% equity in her company.

Because of her recent successes in expanding her retail offering in stores such as Sephora and Nordstrom, many of the Sharks don’t believe there is much that they can do to actually help her besides providing financial support. Nirav Tolia and Kevin O’Leary decide to go in together on an offer to 54 Thrones. Through negotiations with Christina, they agree to invest $250,000 in exchange for 17.5% equity.

If you were a Shark, which of these businesses would you have invested in? Do you think that the Sharks made any poor investment decisions in this episode of Shark Tank? Which was your favorite business featured on this episode? Sound off in the comments below!