Lit Handlers, Drink koozies with a handle, was started by Destiny Padgett in July 2017. As of August 2023, Lit Handler’s net worth is $2 Million and they’re pulling in a whopping $780,000 in annual revenue.
On May 21, 2021, they appeared on Season 12 of Shark Tank USA and made a deal with Daymond John, for $200,000 for 20% equity. The final valuation was $1 Million, down from the founder’s initial estimate of $2 Million.
Lit Handlers is still in business as of August 25, 2023. They make a beverage handler that helps people hold their drinks without burning their hands. The company has been successful since appearing on Shark Tank. Lit Handlers has expanded its product line to include other items such as wine and ice cream handlers. You can select and purchase the Lit Handlers from the official website.
Lit Handler’s Net Worth
Net worth | $2 Million |
Annual Sales Revenue | $780,000 |
Profits | – |
Lifetime Sales | – |
Shark Tank Investor | Daymond John |
Founder | Destiny Padgett |
Employees | 25 |
Lit Handlers Net Worth Timeline
Net Worth 2023 | $2 Million |
Net Worth 2022 | $1.2 Million |
Net Worth 2021 | $1 Million |
Net worth valuation 2021 after appearing on Shark Tank | $1 Million |
Net worth valuation 2021 before appearing on Shark Tank | $2 Million |
Lit Handlers Pitch on Shark Tank
Company name | Lit Handlers |
Product | Drink koozies with a handle |
Episode | Season 12 Episode 25 |
Founder | Destiny Padgett |
Asked for | $200,000 for 10% equity |
Final deal | $200,000 for 20% equity |
Shark | Daymond John |
Location | Texas |
Lit Handlers Founder
Lit Handlers was founded by Lit Handlers in 2017. Destiny Padgett is the founder of Lit Handlers. She came up with the idea for the product after her children kept burning their hands on hot drinks. Lit Handlers is a company that makes beverage handlers that help people hold their drinks without burning their hands. Lit Handlers’s founder, Lit Handlers, has a net worth of USD 2 Million as of 2023.
Key accomplishments:
Year | Accomplishment |
2023 | Introduce a range of products made from 3mm neoprene, including handlers for cups, bottles, backpacks, lunch totes, fanny packs, and more |
2022 | Lit Handlers has achieved success in sales, with reported annual revenue of approximately $1.2 million as of September 2022 |
2021 | The company appeared on Shark Tank and closed a deal with Daymond John |
Conclusion:
From their beginnings on Shark Tank to their current status as a thriving business. They have proven that with the right idea and execution, anything is possible. We can’t wait to see the future of Lit Handlers and its continued success.