'Shark Tank': Why did Tony Adeniran's Aqua Boxing Glove get a NO from sharks?
Looking for a piece of portable equipment for resistance training? One that isn't bulky or expensive but gets the job done? The Aqua Boxing Glove is what you need! As per the Kickstarter for the product -- "The Aqua Boxing Glove is an affordable, no-impact, travel-friendly resistance boxing workout. It's perfect for everyday fitness enthusiasts and seasoned fighters who need a seamless, yet dynamic mobile training tool. Tested by athletes of all levels tried and true, but created with you in mind."
While the nifty glove seems to have garnered attention from fitness enthusiasts and athletes, will it be able to impress Mark Cuban, Kevin O'Leary, Lori Greiner, Barbara Corcoran or guest shark Kevin Hart?
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Tony Adeniran, the founder of Aqua Boxing Glove came in looking for an investment of $100k for 10%. While he had a good pitch and expressed that the money was required to invest in creating more sizes, the sharks didn't seem to take to the product, as they collectively agreed that the joy of boxing all boiled down to being able to punch something. Labeling it as a fitness product, Adeniran then explained that although they retailed for $199, he hadn't sold any yet, as he had just started a Kickstarter campaign, where he raised over $40K.
Having tested it on clients, he was able to get the required feedback but now needed the sharks' help to scale it further. While they were impressed with his story and resilience, it didn't seem to work in his favor with all the sharks backing out, as they felt like they lacked the expertise in this space. When it came down to Hart, he explained that boxing was all about experience and that the gloves essentially took that away.
Adeniran argued that if he were to train on the road, he would find himself shadow boxing, and in that case, the gloves were far more effective. However, for Hart, he believed that he was not the right partner if he couldn't speak about the product passionately. This meant that Adeniran walked away with no deal in hand but noted that this alone was not enough to bring him down. For him, the sharks 'missed an opportunity and he would continue to fight harder.
'Shark Tank' Season 13 Episode 24 airs on ABC on May 20, 2022, at 8 pm ET. Catch the latest episode featuring products like Project Pollo, The Transformation Factory, Aqua Boxing Glove and The Players Trunk.
Missed an episode? Been wanting to catch up? Episodes can also be viewed the next day on demand and on Hulu. You can also watch old seasons and episodes on Amazon Prime Video and iTunes.
