Jane Lu’s latest Shark Tank Australia investment is completely out of left field in comparison to her usual choices; however, she’s very excited about her involvement with The Beanies. Rather than presenting a product, The Beanies pitched themselves on Shark Tank as a children’s music group.
Their final valuation was low, with 50% of the company being given up in exchange for an investment of $150,000, however, they scored three Sharks, Lu, Robert Herjavec and Davie Fogarty on their side.
Reflecting on her investment in The Beanies, Lu has shared that there are exciting things in the works for the three-piece group.
“This is probably the best pitch in Shark Tank history,” Lu said in a post on Instagram. “Have we found the new Wiggles?”
“I can’t believe I’m in the children’s entertainment industry. This is so exciting for me. As a mum of two, I follow The Beanies to follow the fun and we’ll be coming live to a city near you.”
How have Jane Lu’s other investments on Shark Tank gone?
Lu has previously shared an update on two products she’s invested in on Shark Tank Australia, the Countour Cube and Stryda.
The contour Cube is an ice facial tool that is designed to depuff and tighten skin and was a viral TikTok sensation even before being pitched on the show.
Lu shared that the Contour Cube is thriving since she invested in it.
“I’ve been using it for the last five months since we filmed Shark Tank and look at my skin. It feels less puffy and tighter. And I feel pretty good for 37. All I use is a moisturiser and my Contour Cube. So not only is this part of my daily routine now but you probably guessed it, I have invested in Contour Cube.”
“They have a cult following on TikTok, it’s used by Kendall Jenner, stocked by so many retailers including ShowPo and run by amazing entrepreneurs,” she said.
Meanwhile, Stryda has also had great success since being featured on the show.
It’s the only insole made with over 90% cork and has impressive profit margins. Lu detailed the success Stryda has had since the show.
“This Shark Tank has grown by 11 times since we filmed five months ago and I’m gonna tell you how we did it,” Lu said in a post shared on her Instagram.
“We have big things coming for this incredible brand. So come on this journey with us follow Contour Cube and try it for yourself.”
Shark Tank continues on Tuesdays at 7.30 pm on 10 and 10Play.
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