| Season 9 Episode 18 | |
|---|---|
| Episode Number | |
| Network | |
| Air Date | January 21, 2018 |
| Business Pitch | shopify pricing app that lets customers set prices on items |
|---|---|
| Entrepreneur/Founder | Disha Shidham |
| Asked For | $100,000 for 10% |
| Deal | No Offers |
| Shark | No Shark |
| Business Status | Out of Business |
|---|---|
| Estimated Valuation | |
| Website | — |
After Shark Tank Update
Where Are They Now?
Savy Sales, an online business-to-consumer app that allows potential customers to barter with shop owners, never took off and is out of business. Disha Shidham, the founder, was unable to gather sufficient funding to get her business off the ground, despite an accelerator program and at one point having close to 2500 mom-and-pop and boutique stores signed up for the offering.
It appears the more prominent commercial brands, which offered the most opportunities for the company to scale, were not interested in the B2C bid-to-buy concept. StaySavy.com is now no longer active, and any social media accounts linked to the company are dormant.
Unsurprisingly, giving purchasing power to people would not interest the average multi-million-dollar global corporation when exceeding profit margins and paying shareholder dividends takes precedence.
However, the concept of online bidding has already been around for more than two decades, with companies like eBay, founded in 1995, leading the market.
Primarily focused on B2C through fixed pricing, it does allow consumers to purchase at discount prices or for private peer-to-peer selling of second-hand goods through bidding.
LOL this girl is smoking crack
sorry to say this but she looks like a complete airhead
Smart but scattered
It’s not a bad idea. She has a lot of potential. With the right guidance, she could have taken this pretty far.
This episode showed on CNBC tonight. (a repeat)
Disha, did not present well and appeared to be in another world. She stated in the end at interview time stating “I don’t need them” Well it appeared that you did.
I’m sure her parents encouraged her to continue her education.
That’s exactly what I was thinking. She really needed help. Looks like they eventually closed up shop. It was a ticking time bomb. Better lucky next time.