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Appeared on Shark Tank Season 05, Hanukkah Tree Topper is a San Diego, California, USA-based startup that sells Decorative Ornament. Hanukkah Tree Topper appeared in Shark Tank USA Season 05 Episode 12. The pitch was presented by founder Morri Chowaiki. They were there to seek $50K in exchange for 15% equity.
What does the Hanukkah Tree Topper do?
A Hanukkah Tree Topper is a decorative ornament that adds a festive touch to a Christmas tree or Hanukkah bush. These toppers can light up with battery-operated LED lights and bring extra brightness to holiday decor. The company offers a traditional touch that makes it a great way to celebrate both Christmas and Hanukkah, especially for interfaith families. Additionally, some of their toppers are versatile enough to be used as decorations in other areas like bedrooms, living rooms, or even the garden.
Company | Hanukkah Tree Topper |
Founder | Morri Chowaiki |
Founded in | 2009 |
Headquarter | San Diego, California, USA |
Industry | Home Decor |
Sales | $150K net (at the time of the pitch) |
Profitability | Yes |
Valuation | Not Disclosed |
Shark on Board | Daymond John |
Asked Investment | $50,000 for 15% Equity |
Raised Investment | $50,000 for 35% Equity |
Website | Hanukkah Tree Topper is available on Amazon |
The Hanukkah Tree Topper Shark Tank USA Update
After Morri's pitch on Shark Tank Season 5 Episode 12, he secured a licensing deal with the well-known Christmas decor company, Kurt Adler. Kurt Adler took over the production and distribution of the Hanukkah Tree Topper. Now, Morri and Daymond receive a royalty for every Hanukkah Tree Topper sold. Morri has also become the Head of Sales and Retail for Daymond’s Shark Group.
Conclusion - Hanukkah Tree
The founders of Hanukkah Tree Topper presented an interesting pitch and explained the business to Shark on Shark Tank USA, Season 05 Episode 12. Shark Kevin O'Leary and Lori Greiner were concerned about the seasonal nature of the business. Shark Mark Cuban and Robert Herjavec passed on Morri's product as well. They were concerned that the business had low sales and that Morri's business couldn't scale effectively. However, Daymond John surprised everyone by offering a deal. Morri accepted his offer and secured a partnership successfully.
FAQ
Meet the Sharks: The Panel of Judges on Shark Tank USA