Shark Tank Mella Pet Care, a healthcare device for pets founded by Ben Seidman, Anya Babbitt, Daniella Morgan and Yale Zhang, telecasted Shark Tank USA in 2024 on Season 15. The founders were seeking $250,000 for 2.5% equity. However, they secured a deal with Mark Cuban, $250,000 for 6% equity. In this article, we will explore Mella Pet Care Net Worth in 2024, its Shark Tank pitch summary and more.
Mella Pet Care Net Worth
According to the Shark Tank deal, Mella Pet Care’s estimated net worth is $4.2 million as of April 2024, and its annual revenue was $160K in 2023.
| Net worth | $4.2 million |
| Annual Sales Revenue | $160K (In 2023) |
| Profits | Not Available |
| Lifetime sales | Not Available |
| Employees | 11-50 employees |
Mella Pet Care Net Worth Timeline
| Net Worth 2024 | $4.2 million |
| Net Worth 2023 | Not Available |
Shark Tank Mella Pet Care Update from Season 15
Mella offers tech solutions to help pet owners and vets keep pets healthy. Their key product is the Mella Home Thermometer. It’s a new way to check a pet’s temperature.
The Mella Home Thermometer uses innovative technology to give fast and accurate temperature readings in less than 15 seconds. With a simple app for Android or iOS, pet owners can easily share health data. Using that data could help vets provide proactive care.
The product not only focuses on temperature. They’re also working on more dog tools, like a body fat analyzer and a pulse oximeter. These tools aim to help dogs live longer and healthier lives.
They’ve sold over 2,500 units, making about $160,000 without spending much on marketing. In their first year, the products were in over 1,000 vet clinics. The Mella Pro thermometer costs $40 to make and sells for $159. They aimed to reach $500,000 in sales by year-end and be cash-flow positive.
The founders were seeking $250,000 for a 2.5% equity, valuing the company at $10 million. Mark Cuban asked about competition of the product. The founders said they were unique, especially in data sharing with vets. Anya explained they wanted to test the products with vets first.
Mark offered $250,000 for 6% equity, valuing the company at $4.2 million. Daniel Lubetzky did not accept the valuation but said, “You guys are very credible.” However, he declined to make an offer. Kevin O’Leary raised Mark’s concerns about low sales.
Lori Greiner decided not to invest because it was too early for her. Kevin didn’t see the company as appealing and also opted out. Daymond John followed suit, wondering how he could contribute.
Anya proposed $350,000 for 6% equity in Mark’s offer, but Mark did not prefer it. Then, Ben suggested involving Mark’s company, Cost Plus Drugs, in the deal, which Mark agreed to. Finally, the founders accepted Mark’s offer of $250,000 for 6% equity.
| Company Name | Mella Pet Care |
| Founders | Ben Seidman, Anya Babbitt, Daniella Morgan and Yale Zhang |
| Business | Healthcare device for pets |
| Episode | Season 15, Episode 16 |
| Asked Deal | $250,000 for 2.5% equity |
| Final Deal | $250,000 for 6% equity |
| Shark | Mark Cuban |
| Business Status | In Business |
| Company Website | Visit Website |
| Headquarter | Chicago, USA |
What Happened to Mella Pet Care after Shark Tank?
As of April 2024, Mella Pet Care is still in business. The company is named after Babbitt’s shih tzu mix, Mella. It lets dog parents take their dog’s temperature under the foreleg. It is less intrusive and more comfortable than using a rectal thermometer.
The product is undergoing clinical trials at the University of Georgia and Cal Poly Pomona. They’ll release a study on its accuracy soon. They also have The Biggie Pro Scale, which helps you track your pet’s weight. Like the thermometer, all data connects to your app and can be shared with your vet.
According to our online research, the company is doing well post-Shark Tank. The founders also plan to release more intelligent products for pets, aiming to improve pets’ lives. Soon, they will release a body fat analyzer, pulse oximeter, and other products.
They’ve collected millions of data points from different breeds, considering breed, gender, weight, hair type, and length. This unique data sets their devices apart. You can find more information and shop for gadgets on their website.
Mella Pet Care Founders
Ben Seidman, Anya Babbitt, Daniella Morgan and Yale Zhang are the founders of Mella Pet Care. The company started in 2019.
Ben and Anya, with over ten years of experience designing innovative medical devices, started their journey in 2015 by creating tools for newborns, like a pulse oximeter and an infrared thermometer. Their latest venture, Mella, was inspired by a personal event.
This product started because of their pet, Mella. She had a bad case of kennel cough. When Mella began showing subtle symptoms, they thought it wasn’t severe enough for a vet visit. But she was lethargic, not eating or drinking, and then started coughing and nearly dying. They thought having a thermometer could spot symptoms earlier, easing fear and uncertainty about her condition.
Also, Mella really hated going to the vet and taking a rectal temperature. They wondered why there wasn’t a better way to do it. So, they started Mella Pet Care.
Anya studied Communication and Political Science at Boston University for her Bachelor’s degree. She also pursued a Masters of Business and International Economics at the same university from 2004 to 2006. Anya is also the founder and CEO of Splitting Fares, Inc. (“SPLT”).
Ben, a Michigan entrepreneurship student and startup member, loves solving real-world problems with his team. Mella’s second product is named after Ben’s pet, Biggie.
He obtained his New York Real Estate Certificate from the New York Real Estate Institute 2012. He also obtained a certificate in Entrepreneurship from the University of Michigan in 2013. He graduated from the University in 2014 with a Bachelor of Arts in English and Entrepreneurship.
Yale is CEO of Home Dots, Co-Founder/CTO at Mella Pet Care, and Founder/CEO of iOX Creator, Safe Heart. He previously co-founded SPLT. Yale earned his Industrial Engineering degree from Georgia Institute of Technology in 2006.
Yale Zhang, a seasoned entrepreneur with 15+ years of experience in healthcare hardware, focuses on turning inventions into products. Also, he’s passionate about improving global healthcare.
Mella Pet Care Achievements and Awards
| Year | Achievements and Awards |
| 2019 | Finalist in the Pet Innovation Challenge of 2019 |
| 2020 | Finalist at the 2020 Digital Veterinary Summit Finalist at VIS Virtual 2020 Finalist at the Digital Animal Summit 2020 Runner-up in the Leap Pet Project Virtual Pitch Competition 2020 |
| 2021 | Finalist in the VMX 2021 Pitch Competition |
| 2024 | The company was featured on Shark Tank Season 15 and got the deal from Mark Cuban |
Conclusion
Shark Tank is a TV show showcasing different business ideas, helping them succeed. Mella Pet Care was one of the ventures featured on the show. They made a deal with Mark Cuban, showing that success is possible with the right idea and execution. Now, we eagerly await to see how their success story unfolds in the future.
Before you leave, check out the other company updates in Season 15, Episode 16.
