Showing posts with label Mark Lim. Show all posts
Showing posts with label Mark Lim. Show all posts

Tuesday, February 5, 2013

Lollacup

Lolla Cup on Shark Tank Show

Non Spill Cup For Kids - Season 3 - Update

Seen on Shark Tank Show
 If you have little kids then the lallacup is definitely one product you will be interested in learning about. The Lolla Cup is a 100% spill proof sippy cup that looks more like a toy. The creative design of the Lollacup makes it easy for children as young as 9 months old to start drinking out of a straw within the spill proof cup. Mark and Hanna Lim went on the Shark Tank Show looking for an investment of $100k in exchange for a 15% ownership of the baby cup business and valuing it at $1.5 million.  At the time of their interview on the Shark Tank they had $30,000.00 in sales within the last 3 months and a soft order for an additional $30k for the Holiday Season. The Lollacups retail for $18.00, wholesale for $9.00 and costs $4.50 to make. The Lim's give a flawless presentation and have at least a few Sharks that are very interested.

Kevin O'Leary wants to know how much cheaper it would be to make oversees
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