In Season 6 of Shark Tank, entrepreneur Richard Elden introduced his innovative line of DBest Products, a collection of multipurpose, portable carts designed to help people carry heavy items with ease. His flagship product, the Trolley Dolly, combined the convenience of a shopping cart with the portability of a foldable trolley. With a growing lineup of functional, easy-to-store carts and luggage, Richard sought the help of the Sharks to expand his business further.
The Deal
Richard came into the tank seeking $350,000 for 5% equity in DBest Products. His pitch impressed the Sharks with the variety of useful, space-saving products DBest offered. Ultimately, Lori Greiner saw the potential in the business, offering $350,000 for 20% equity. Lori’s experience with consumer products and her retail connections made her a valuable partner, and Richard accepted the deal.
Growth After Shark Tank
After securing a deal with Lori Greiner, DBest Products saw a surge in sales and brand recognition. Lori’s guidance helped the company get its products into major retailers like Walmart, Home Depot, Amazon, and Bed Bath & Beyond, as well as onto QVC, where they quickly became bestsellers.
The Trolley Dolly became a household name, with consumers appreciating its lightweight, foldable design that made it easy to store and transport. DBest also expanded its product line, offering variations like the Smart Cart, Quik Cart, and other portable, multifunctional trolleys designed for different uses, such as shopping, laundry, and even carrying groceries upstairs.
Where Are They Now? (2024 Update)
As of 2024, DBest Products continues to thrive, with its innovative line of trolleys and carts becoming staples for shoppers, travelers, and even businesses. The company’s flagship product, the Trolley Dolly, remains a best-seller, with millions of units sold worldwide. DBest has since expanded its lineup to include new designs and features, catering to different customer needs.
DBest’s products are now available in major retailers across the globe, and the company has increased its presence in the e-commerce space, with significant sales through platforms like Amazon. The brand’s reputation for durable, lightweight, and space-saving products has allowed it to dominate its niche in the market.
Revenue and Impact
DBest Products has grown significantly since its appearance on Shark Tank, with estimated annual revenue of $15-20 million in 2024. The company’s ability to innovate and meet the demands of a diverse customer base has been key to its success. Lori Greiner’s involvement has been instrumental in expanding DBest’s reach and improving its product visibility in both retail and online markets.
What’s Next for DBest?
Looking ahead, DBest Products plans to continue innovating with new designs and features for their portable carts. The company is exploring sustainability initiatives, using eco-friendly materials for their future product lines. DBest is also looking to expand internationally, with a focus on Europe and Asia, where demand for portable, multifunctional products is rising.
With Lori’s continued support and a growing customer base, DBest Products is poised for continued success and is expected to remain a leader in the portable trolley and cart market for years to come.