Grouphug Solar Panels Update | Shark Tank Season 11
Entrepreneur Krystal Persaud pitched her window-hanging solar panels during
If you’re short on time, here’s a quick overview of what happened to Grouphug after
Krystal Persaud appeared on
Shark: | Result: |
Mark Cuban | Accepted deal for $150,000 for a 25% equity |
Kevin O’Leary | No offer |
Barbara Corcoran | No offer |
Rohan Oza | No offer |
Lori Greiner | No offer |
Shark Tank Grouphug Update
- Entrepreneur: Krystal Persaud
- Business: Window-hanging solar panels
- Ask: $150,000 for 10% equity
- Result: $150,000 for 25% equity
- Shark: Mark Cuban
Krystal Persaud, founder of Grouphug, entered
Because of this, she developed smaller panels inside a sleek bamboo frame. These panels will charge any device that works with a USB port.
It seems like a great idea, but she doesn’t have much in the way of actual sales. On a 2018 Kickstarter, the company raised $80,000, but at the time of filming, products still hadn’t shipped due to production issues.
Krystal shares that she is very familiar with solar panels, and even makes art out of them. She created an art installation that is being featured in a museum, called the Solar Cat.
Unfortunately, the sharks seem a little less than impressed with the product and the numbers.
Kevin O’Leary says that solar panels are a commodity, and he doesn’t want to invest.
Lori Greiner doesn’t know whether people want it, so she’s out as well.
Barbara Corcoran also jumps ship. She thinks that the panel is ‘ugly’, so she is the next shark to go out.
This leaves guest shark Rohan Oza and Mark Cuban to determine if they’d like to invest or not.
Rohan says that he only likes to invest in products with patents. Because Krystal doesn’t have one for the Grouphug, he is also out.
Mark admits that the panels still need work, but he offers $150,000 for a 25% stake. Krystal tries to haggle, but quickly changes her tune and accepts Mark’s offer.
Keep reading our
When we started research for our Grouphug update, things seemed bleak for the company. Kickstarter rewards weren’t shipped, supply lines were disrupted by the pandemic, and it seemed to not be going anywhere.
However, in September 2020, Grouphug finally shipped delayed Kickstarter rewards. Better yet, Grouphug’s hangable solar panel received some positive press and was featured in publications like Today, CNBC, and People Magazine.
We don’t have any updated sales numbers, but since they’ve been having major inventory issues since appearing on
You can find the panels on the Grouphug website, but at the time of this writing, they are out of stock.
If we get any more news on a Grouphug update, we will let you know.
In the meantime, if you’d like to learn about the other companies that appeared on Season 11 Episode 16, check them out here:
For even more on companies and products, be sure to stop by our Season 11 products page!
Andrew Smith is the founder and owner of Shark Tank Recap. He is a longtime Shark Tank fan that has been watching it for years and has seen every episode multiple times. His friends know him as the Shark Tank expert, because he can answer any question about the show! His favorite Shark Tank products are Bertello's pizza oven and Bug Bite Thing!