Is the harmony in the house being disturbed by a cranky baby? Don’t you desire if there was a remedy that could make people feel better right away?
With the help of the Tranquilo Mat, an invention highlighted on the popular TV program Shark Tank, both you and your little one may achieve a peaceful night’s sleep.
Having been impressed by the idea and the company and the hard work behind it, they appreciated Melissa. But will they accept her proposal? Follow the article to learn about it!
Quick Facts
| Founders name: | Melissa Gersin |
| Business details: | Lightweight, portable vibrating mat designed to calm crying babies |
| Founded in: | 2015 |
| Location : | Boston, Massachusetts, United States |
| Asking of Company: | $100,000 for 10% equity |
| Accepted Deals: | $200,000 for 15% equity |
| Shark on board (Investors): | Robert Herjavec |
| Shark Tank Episode: | Season 08 Episode 16 |
| Net Worth | $5 million |
| Business Status: | Active |
| Last Updated: | Mar 07, 2024 |
| Social Media |
About the Founder
Melissa Gersin, a neonatal nurse, worked in the motherhood unit at Mount Auburn Hospital in Cambridge, Massachusetts, for six years. There, as caregivers and new parents struggled to comfort their infant newborns back to sleep, she felt their anger and dread. She had contributed $180,000 of her funds to the company.
Founding the Tranquilo
A clever, transportable vibratory mat called Tranquilo calms a newborn by simulating noises and delicate motions that happen within the uterus.
The mat includes a waterproof internal layer in addition to a tender, detachable, easy-to-clean cover.
It has Bluetooth connectivity with several kinds of buzzing applications, pulse options, and timing too.
Shark Tank Appearance
Shark Tank received a Tranquilo proposal from Melissa Gersin. For 10% capital, she requested $100,000.
Gersin distributed specimens to the Sharks after introducing the concept and showing a clip of how infants relaxed as they were set on a mat.
After the presentation, Daymond John enquired as to the item’s legal status. Gersin explained that Tranquilo has a utility patent.
Herjavec was interested in marketing. Profit numbers of $65,000 over seven months were disclosed by Gersin.
The Sharks were delighted and intrigued by Melissa’s contribution and dedication to her business.
The first bid came from John, who offered $100,000 for a stake of 20% in exchange for the authority to grant a license to the idea. In response, O’Leary made a counteroffer of $250,000 as a trade for 25% ownership.
Gersin argued that 25% ownership was excessive and responded by offering $200,000 in return for 15% capital, significantly altering the company’s price. However, O’Leary cut off his price by 20% to $200,000.
According to John, Gersin was not inclined to collaborate with O’Leary. This led to the departure of John and Cuban. O’Leary’s offer appeared to be the sole option.
However, Herjavec subsequently intervened. He praised Gersin as an inspiration to America. He had faith in her ability to run a company. He proposed $20000 to her for 15%. Gersin agreed right away.
After Shark Tank
The Tranquilo Mat’s revenues increased dramatically shortly after its debut on Shark Tank, going from 2,000 copies to 10,000 copies in just a few months.
Today, Tranquilo is still operating and doing well. Recently, it teamed up with Baby Soothe Massager, 2019 inventor Lauren Piccirillo.
During the company’s appearance on the show, the valuation was $1 million. Today, its financial assets climbed to $1.3 million, owing to Robert Herjavec’s contribution.
As of 2024, the projected net worth of Tranquilo is about $5 million.