Flexsil-Lid didn’t land a deal on Shark Tank Australia, but in 2025, it stands tall as a global kitchen essential. The silicone lid that replaces plastic wrap in commercial kitchens has expanded across continents and entered major markets without any Shark backing.
When founders Albert David and Robin Fester walked into Season 1, Episode 13 of
Shark tank pitch on Shark Tank Australia in 2015, they were pitching a futuristic solution for the food industry. What followed was a rare post-show success story that defied expectations.
The Shark Tank Pitch That Didn’t Go as Planned
David and Fester walked in asking for AUD $300,000 in exchange for 10 percent equity, valuing Flexsil-Lid at a steep $3 million.
The Sharks were skeptical. They questioned the valuation, the scalability, and the actual demand. None of them bit.
“We believed in the product more than anyone else in the room. And that belief paid off,” Albert David said later in an industry interview.
No deal was made, either on-air or after the show. But the rejection turned out to be a redirection.
What Changed After the Show
Flexsil-Lid didn’t just survive the Shark Tank rejection. It thrived.
After the episode aired, the company experienced a threefold increase in sales. Commercial kitchens, caterers, and food service companies started placing bulk orders.
“The exposure was priceless. It did more than a cheque ever could,” said David in a 2023 food tech panel.
The company launched new lid sizes and colors, expanding its product line to fit a variety of kitchen setups. In 2024, they showcased at international expos in Dubai and Germany.
Retail distribution followed in the UK and Ireland, with additional global licensing deals on the horizon.
If you were a Shark, would you have invested in Flexsil-Lid?
Growth, Setbacks, and the Founder’s Role Today
Despite early doubts from investors, Flexsil-Lid matured into a respected B2B brand. David remains hands-on as the company’s face, pushing sustainability and waste reduction.
Fester’s current involvement isn’t publicly confirmed, but David’s LinkedIn reflects consistent leadership and speaking engagements across industry panels.
There were no major production or supply chain setbacks, but David has admitted the journey was capital-intensive without outside funding.
Flexsil-Lid Net Worth 2025
While the exact numbers are not publicly disclosed, industry analysts estimate Flexsil-Lid’s net worth in 2025 to be in the range of $5 million to $7 million.
The valuation is based on product expansion, global distribution, and consistent commercial demand.
“We tripled our valuation in the years following Shark Tank, with no outside investment. That’s the power of staying the course,”
David told a Middle East hospitality outlet in 2024
.
Where Is Flexsil-Lid Headed in the Future?
Flexsil-Lid is leaning into sustainability even harder. The team is developing new materials to reduce the carbon footprint of its silicone-based lids.
Customer reviews across B2B platforms highlight the lid’s durability, heat resistance, and long-term value compared to single-use alternatives.
David hinted at future partnerships with large food service chains and is exploring automation in lid production to meet demand without raising costs.
What’s Next for Albert David?
David continues to advocate for smart kitchen tools. There are rumors of a new product line focused on reusable food prep tools aimed at both commercial and home use.
He remains an active voice in sustainability circles and food innovation forums, particularly across Australia and the Middle East.
TL;DR (Too Long; Didn’t Read)
Flexsil-Lid didn’t get a Shark Tank deal in 2015, but by 2025, it reached a $5–7M net worth with global expansion and product growth.
FAQs
Is Flexsil-Lid still in business in 2025?
Yes, Flexsil-Lid is actively operating and expanding into new international markets as of 2025.
Did Flexsil-Lid get a deal on Shark Tank?
No, the founders were rejected by all Sharks during their 2015 pitch on Shark Tank Australia.
Who owns Flexsil-Lid now?
Flexsil-Lid is still led by co-founder Albert David, who continues to steer the company’s growth.
Where can I buy Flexsil-Lid?
Flexsil-Lid products are available via their official website and through international B2B distributors.
