Shark Tank: Savy Fails to Get A Deal

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Savy

Next up is Disha Shidham of Savy, seeking $100,000 for 10 percent equity.

Savy is a pricing tool that delivers “awesome products at prices you name.” Money-conscious customers simply select an item, name their price on the saved product and wait to see if their offer is accepted. The style-savvy online shopping widget “converts window shoppers into paying customers by allowing them to name a price they’re willing to pay for an item they want,” according to their Facebook page. This not only helps customers but also business owners with website engagement and pricing information.

There are currently 1,000 stores using the tool and Savy has 2,000 users. This is Shidham’s second startup after the first one collapsed. Currently, she also leads a program for gang leaders. She has yet to sell anything.

Mark Cuban quickly goes out after Shidham says she’s not currently interested in going to school after she deferred a scholarship to the University of Michigan. Kevin O’Leary finds her story “interesting,” but thinks it may be too early for an investment. He goes out, followed by Robert Herjavec, Lori Greiner and Daymond John.

Each week on “Shark Tank,” budding entrepreneurs have the opportunity to pitch their emerging businesses to multi-millionaire and billionaire investors, known as sharks: Mark Cuban, owner of the Dallas Mavericks; Daymond John, fashion mogul and founder of FUBU; Kevin O’Leary, self-proclaimed Mr. Wonderful and founder of O’Leary Financial Group; Barbara Corcoran, real estate maven; Lori Greiner, queen of QVC; and Robert Herjavec, technology guru and founder/CEO of the Herjavec Group.

Philanthropist and Virgin Group founder Richard Branson, Spanx founder Sara Blakely, Skinnygirl Cocktails founder and Real Housewife Bethenny Frankel, Vitamin Water founder Rohan Oza and former MLB player Alex “A-Rod” Rodriguez are also slated to appear as guest sharks this season.

“Shark Tank,” which is based on “Dragons’ Den,” is produced by Mark Burnett and first debuted in 2009. To date, the sharks have invested more than $100 million in various companies after engaging in numerous bidding wars and shark fights. A new episode airs each Sunday at 9 p.m. on ABC.

Would you try out the Savy tool? Sound off in the comments section below!


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Author: Erica Abbott

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