Next up is Disha Shidham of Savy, seeking $100,000 for 10 percent equity.

Savy is a digital pricing tool that allows customers to name their price for items, blending e-commerce with consumer-driven pricing strategies. This unique model intrigued the sharks on “Shark Tank” but ultimately did not secure an investment due to its early stage and unproven sales model.

Key Takeaways: Savy on Shark Tank

  1. Unique Pricing Model: Allows customers to name their own price.
  2. E-Commerce Integration: Enhances online shopping experience.
  3. Shark Tank Challenge: Presented without proven sales, leading to no deal.
  4. Consumer Empowerment: Aims to convert window shoppers into buyers.
  5. Market Potential: Innovative approach could revolutionize e-commerce pricing strategies.

Savy Company Overview

Savy is a pricing tool that delivers “awesome products at prices you name.” Money-conscious customers simply select an item, name their price on the saved product and wait to see if their offer is accepted.

The style-savvy online shopping widget “converts window shoppers into paying customers by allowing them to name a price they’re willing to pay for an item they want,” according to their Facebook page.

This not only helps customers but also business owners with website engagement and pricing information.

There are currently 1,000 stores using the tool and Savy has 2,000 users. This is Shidham’s second startup after the first one collapsed. Currently, she also leads a program for gang leaders. She has yet to sell anything with Savy.

Mark Cuban quickly goes out after Shidham says she’s not currently interested in going to school after she deferred her admission to the University of Michigan for engineering. Kevin O’Leary finds her story “interesting,” but thinks it may be too early for an investment. He goes out, followed by Robert Herjavec. Lori Greiner worries about her valuation given that she hasn’t sold anything and goes out, as does Daymond John.

Social Media Reacts to Savy’s Appearance on “Shark Tank”

Each week on “Shark Tank,” budding entrepreneurs have the opportunity to pitch their emerging businesses to multi-millionaire and billionaire investors, known as sharks: Mark Cuban, owner of the Dallas Mavericks; Daymond John, fashion mogul and founder of FUBU; Kevin O’Leary, self-proclaimed Mr. Wonderful and founder of O’Leary Financial Group; Barbara Corcoran, real estate maven; Lori Greiner, queen of QVC; and Robert Herjavec, technology guru and founder/CEO of the Herjavec Group.

Philanthropist and Virgin Group founder Richard Branson, Spanx founder Sara Blakely, Skinnygirl Cocktails founder and Real Housewife Bethenny Frankel, Vitamin Water founder Rohan Oza and former MLB player Alex “A-Rod” Rodriguez are also slated to appear as guest sharks this season.

“Shark Tank,” which is based on “Dragons’ Den,” is produced by Mark Burnett and first debuted in 2009. To date, the sharks have invested more than $100 million in various companies after engaging in numerous bidding wars and shark fights. A new episode airs each Sunday at 9 p.m. on ABC.

Would you try out the Savy tool? Sound off in the comments section below!