The Swag, a fridge bag that holds moisture to prevent fruit and vegetables from going off, was started by Peita Pini in 2016. In 2019, The Swag net worth was more than $5 million and their annual revenue is not disclosed.
In July 2018, they appeared on season 4 of Shark Tank Australia and made a deal with Glen Richards, for $150,000 for 25% of equity. The final valuation was $600K, down from the founder’s initial estimate of $3 million.
As of 2024 January, the company is still in business. You can purchase products through e-commerce channels such as their website and Amazon.
The Swag Net Worth
| Net worth | More than $5 million (In 2019) |
| Annual Sales Revenue | Not Disclosed |
| Profits | – |
| Lifetime sales | – |
| Investor | Glen Richards |
| Founder | Peita Pini |
| Employees | 1-20 employees |
The Swag Net Worth Timeline
| Net Worth 2024 | Not Disclosed |
| Net Worth 2023 | Not Disclosed |
| Net Worth 2022 | Not Disclosed |
| Net Worth 2021 | Not Disclosed |
| Net worth valuation 2018 after appearing on Shark Tank | $600K |
| Net worth valuation 2018 before appearing on Shark Tank | $3 million |
The Swag Pitch on Shark Tank
| Company name | The Swag |
| Product | A fridge bag that holds moisture to prevent fruit and vegetables from going off |
| Episode | Season 04 Episode 09 |
| Founder | Peita Pini |
| Asked for | $300,000 for 10% Stake |
| Final deal | $150,000 for 25% Stake |
| Shark | Glen Richards |
| Location | Chatswood, New South Wales, Australia |
Don’t miss these product from Season 04
The Swag Founder
The Swag was founded by Peita Pini in 2016. She was raised on a large piece of land north of Sydney, Australia, surrounded by nature. Her family mostly relied on the land, so she adopted a strong commitment to sustainability and minimizing food waste from a young age. The Swag’s founder, Peita Pini’s net worth unknown as of 2024.
Key accomplishments
| Year | Accomplishment |
| 2018 | The company appeared on Shark Tank Australia Season 04 and got the deal from Glen Richards. |
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 for The Swag and its continued success.
