QuikFlip is a 2-in-1 product: the Hero Hoodie quickly flips into a backpack that has patent pending cord locks. The entrepreneur behind QuikFlip, Jiu-Jitsu master Rener Gracie, pitched his innovative apparel company on the Season 10 finale of Shark Tank.
Rener went into the Tank seeking an investment of $500,000 in exchange for five percent equity.
[Related: 27 Favorite ‘Shark Tank’ Products at Amazon]
On the show, he made a deal with the Queen of QVC Lori Greiner: $250k for 10 percent and a $250k line of credit. The episode initially aired in May 2019.
According to Shark Tank Tales, the deal with Lori fell through. QuikFlip continues to get rave reviews on Amazon and is expanding its line to include pullovers, rain jackets and kid-size hoodies ($34.95).
And QuikFlip was named one of “The 100 Best Inventions of 2019″ by TIME Magazine!