Rip Tie Hair makes tangle-free hair ties designed for athletes and water sports enthusiasts. The product was created by a surfer tired of tangled, waterlogged hair ties. Lori Greiner and Allison Ellsworth teamed up to invest.
What Is Rip Tie Hair?
Rip Tie Hair makes hair ties specifically designed to prevent tangles, particularly for surfers, swimmers, and athletes. The product solves the common problem of hair ties getting tangled and waterlogged during physical activity.
The Shark Tank Pitch
The founder pitched on Episode 13 of Season 17, guest Shark Allison Ellsworth’s return appearance.
The Deal
Lori Greiner and Allison Ellsworth invested a combined $250,000 for 20% equity, with Allison putting in $125,000 of her own capital.