Shark Tank Investment for Kayak Model Oru
In the world of recreational paddling, the Oru Kayak has made a significant splash, particularly for beginners. This unique kayak, invented by Anton Willis, has garnered attention for its sturdy and leak-proof design, ease of assembly, and suitable length for tall users.
Weighing just 26 pounds, the Oru Kayak is incredibly lightweight, making it a portable companion for outdoor adventures. However, it's worth noting that some users might find the contoured seat less comfortable compared to hard shell kayaks.
The Oru Kayak's deck is wide, leading to drip water collection, but it comes with a repair kit for use in isolated environments. The design, featuring only top seams, is innovative and ensures a snug fit when folded.
The Oru Kayak was pitched on Shark Tank Season 5, where the three entrepreneurs behind the company sought $500,000 for a 12% stake in the company. Despite Robert Herjavec offering $500,000 for 25% of the firm, the entrepreneurs accepted his offer for $500,000 for a 15% stake in the company and a seat on the board.
The Oru Kayak is primarily designed for use in protected waters. It has been featured on various platforms, including CNN, Popular Science, and Fast Company, and has been in business since it started selling the product nine months earlier, shipping worldwide.
As of the last reported sales figures, the Oru Kayak had sold 1228 units, each priced at $1100, totalling $1 million in revenue.
For those seeking an alternative to the Oru Kayak, the Aquaglide Deschutes Inflatable Kayak might be worth considering. Weighing only 19 pounds, this inflatable kayak is portable and offers features such as adjustable footrests, adjustable seatings, quick-release seats, Halkey-Roberts Valve adapter, paddle keepers, quick-release fins, and can handle 300 pounds of weight.
Like the Oru Kayak, the Aquaglide Inflatable Kayak comes with a repair kit. However, the sides of the Oru Kayak can get in the way of paddling due to their angle, which might be less of a concern with the Aquaglide's design.
The Oru Kayak, with its innovative design and portability, continues to be a popular choice among recreational paddlers. Despite some minor drawbacks, its unique features and positive reviews make it a worthwhile investment for those looking to explore the waters.
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