Nit Ninjas, a haircare product, was started by Paul Watts & Lisa Pallazi. Nit Ninjas’s net worth was $400K at the time of their pitch in 2016 based on the $80,000 offer for an 20% of equity of the company. 

They appeared on Season 02 of Shark Tank Australia in 2016. But the Sharks were not interested in investing in Nit Ninjas. The Sharks seemed to have some confusion about their plans.

After the Shark Tank episode the company details couldn’t be found. It seems the company went out of business. 

Nit Ninjas Net Worth

Net worth$400K (When appeared on Shark Tank Show)
Annual Sales Revenue–
Profits–
Lifetime sales–
InvestorNone
FoundersPaul Watts & Lisa Pallazi
Employees–

Nit Ninjas Net Worth Timeline

Net Worth 2024Out of Business
Net worth valuation 2016 before appearing on Shark Tank  $400K

Nit Ninjas Pitch on Shark Tank

Company nameNit Ninjas
ProductA cotton lace hat insert that treats and prevents nit infestations
EpisodeSeason 02 Episode 12
Founders Paul Watts & Lisa Pallazi
Asked for$80,000 for 20% Stake
Final dealNo Deal
SharksNo Sharks
LocationAustralia

Don’t miss these product from Season 02

Nit Ninjas Founders

Nit Ninjas was founded by Paul Watts & Lisa Pallazi.Paul Watts and Lisa Palazzi shared their solution to a common problem parents face. According to their research, they found this product. Nit Ninjas’s founder Paul Watts & Lisa Pallazi’s net worth is unknown.

Key accomplishments

YearAccomplishment
2016The company appeared on Shark Tank Australia Season 02.

Conclusion

Some companies that appear on the show have not achieved great success, and the Nit Ninjas was one of them. Sometimes businesses don’t succeed because of many reasons. Sometimes, the deal falls through after the founders say yes on camera. Or, as you’ll see, sometimes things happen to the founders themselves, and they choose to abandon the business. Anything is possible. However,  Nit Ninjas went out of business. 

ABOUT KESARA BANDARAGODA
Kesara Bandaragoda is a Sri Lankan-born media entrepreneur currently based in Dubai, with a lifelong passion for storytelling, innovation, and all things screen-worthy. Whether it's a mind-bending sci-fi epic or the latest startup pitch on Shark Tank, Kesara is all in. In fact, he was one of the earliest content creators to cover Shark Tank Australia online and has been tracking its businesses, products, and founders since 2019 — long before it was cool.

Kesara is the visionary CEO behind BrandFactory, a digital media company powering multiple content platforms that reach millions. When he’s not leading a team of creatives, he’s often geeking out over Marvel and DC universes, decoding Spielberg's directorial magic, or revisiting classics like The Shawshank Redemption, Interstellar, and Pirates of the Caribbean (yes, he's a Johnny Depp loyalist).

INDUSTRY FOCUS
Kesara’s writing and content leadership often focus on the intersection of entrepreneurship, entertainment, and emerging digital cultures. He’s particularly passionate about telling stories that celebrate founders, dissect business blueprints from media narratives, and spark curiosity in audiences across the globe.

FAVORITE MEDIA
A sci-fi enthusiast with a taste for high-stakes storytelling, Kesara’s favorite titles range from cerebral time-space odysseys to charismatic pirate adventures. He thrives in content that mixes real-world business insight with the spectacle of entertainment — think Shark Tank meets Black Mirror, with a touch of Marvel heroics.

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