When Zipz Wine appeared on an episode of Shark Tank, its founder promised a revolutionary single-serve, portable wine concept. But how did it fare afterward?
Zipz, a company that introduced single-serve wine in plastic cups, faced challenges after appearing on Shark Tank in 2014. Despite receiving an investment from investor Mark Cuban, the company struggled with distribution and sales, leading to a bankruptcy filing in 2016. Zipz was later acquired by another company, and its products are now available in select stores and online. The article reflects on the difficulties faced by many Shark Tank contestants in scaling their businesses and the importance of having a solid business plan and strategy in place.