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An episode last month made âShark Tankâ history with a $2.5 million deal â the biggest yet on the show. Throughout six seasons, other budding businesses have gotten large amounts of funding from the investor sharks, but the deals donât always pan out.
In Season 5, Barbara Corcoran invested $175,000 for 10% of husband-and-wife duo Melissa and Rick Hinnant's fashion company Grace and Lace. Corcoran told Business Insider that it's her most profitable Shark Tank investment. Before their appearance, the Hinnants brought in about $1 million in sales. They are now expecting $6.5 million this year, a boost helped by an appearance in Cosmopolitan magazine.