What Happened to Benjilock After Shark Tank?
Benjilock, a California-based company, entered the Shark Tank in 2017 with their innovative fingerprint padlock. The company’s founder, Robbie Cabral, impressed the Sharks with his pitch and secured a deal with Kevin O’Leary. Since then, Benjilock has seen significant growth and success. In this article, we will explore what happened to Benjilock after their appearance on Shark Tank and answer some common questions about the company.
1. What is Benjilock?
Benjilock is a company that specializes in creating innovative padlocks and security devices. Their flagship product is a fingerprint padlock that eliminates the need for keys or combinations.
2. How did Benjilock fare on Shark Tank?
During their appearance on Shark Tank, Robbie Cabral showcased the functionality and convenience of the Benjilock fingerprint padlock. The Sharks were impressed, and eventually, Kevin O’Leary made a deal with Cabral, investing $200,000 for a 15% equity stake in the company.
3. Did Benjilock receive the investment from Kevin O’Leary?
Yes, Benjilock successfully secured the investment from Kevin O’Leary. This partnership provided the company with the necessary capital to further develop their product and expand their market reach.
4. How has Benjilock grown since Shark Tank?
After their appearance on Shark Tank, Benjilock experienced significant growth. The exposure from the show, combined with the investment from Kevin O’Leary, allowed the company to increase their production capacity and expand their distribution network.
5. Is Benjilock still in business?
Yes, Benjilock is still in business and going strong. The company has continued to innovate and introduce new products to the market, further solidifying their position in the security industry.
6. What new products has Benjilock introduced?
Since their Shark Tank appearance, Benjilock has introduced several new products, including a smaller version of their fingerprint padlock, called Benjilock Mini, which is designed for gym lockers and travel bags. They have also expanded their product line to include smart bike locks and door locks.
7. Where can I purchase Benjilock products?
Benjilock products are available for purchase on their official website (benjilock.com) as well as through various online retailers like Amazon. Additionally, their products can be found in select brick-and-mortar stores across the United States.
8. How has the market responded to Benjilock’s products?
The market response to Benjilock’s products has been overwhelmingly positive. Customers have praised the ease of use, reliability, and innovative features of their fingerprint padlocks. The company has received numerous awards and accolades for their designs and technology.
9. Has Benjilock faced any challenges?
Like any growing company, Benjilock has faced its fair share of challenges. One of the main hurdles they encountered was scaling up their production to meet the increasing demand for their products. However, they have successfully overcome these challenges and continue to flourish in the market.
10. Are there any plans for future expansion?
Benjilock has ambitious plans for future expansion. They aim to further penetrate the global market and establish themselves as the go-to brand for innovative security solutions. The company is constantly researching and developing new products to cater to different customer needs.
11. What does the future hold for Benjilock?
With their strong market presence and continuous innovation, the future looks promising for Benjilock. The company’s commitment to providing secure and convenient solutions, coupled with their successful Shark Tank partnership, positions them well for sustained growth and success in the security industry.
In conclusion, Benjilock has experienced remarkable growth and success since their appearance on Shark Tank. Their innovative fingerprint padlocks and security devices have gained widespread recognition and praise from customers. With their ongoing product development and expansion plans, Benjilock is poised to make further strides in the security industry in the coming years.