Anytongs Shark Tank Update | Anytongs Net Worth

Anytongs, featured on Season 14, Episode 13 of Shark Tank, is a kitchen device designed by entrepreneur Tog Samphel. It serves as an alternative to traditional kitchen tongs by securing a spoon or fork in each of its two halves, allowing users to swap different utensils depending on their needs.

Anytongs is a practical choice for those who value efficiency and space-saving solutions in their kitchen. The product is designed to offer convenience and versatility in the kitchen, eliminating the need for multiple sets of tongs and reducing clutter.

Anytongs’ design allows for seamless and efficient handling of various utensils during cooking, making it a practical choice for home cooks and professional chefs alike.

Its adaptable nature and user-friendly features make it a valuable addition to any kitchen, offering a solution to common kitchen utensil challenges.

Company NameAnyTongs
FounderTog Samphel
ProductTongs tools made from simple spoons and forks
Investment Asking For$150,000 for 20% equity in AnyTongs
Final Deal$150,000 for 49% equity in AnyTongs
SharkDaymond John
EpisodeSeason 14, Episode 13
Business StatusIn Business
WebsiteAnyTongs Website
Net Worth$1 Million

What Is AnyTongs?

Anytongs are kitchen tools that allow you to transform two pieces of flatware, such as spoons or forks, into tongs. They are designed to make cooking and food handling easier and more hygienic.

Anytongs are versatile and can be used in various settings, including kitchens and campsites. They promote food safety by allowing you to swap out utensils, reducing the risk of cross-contamination easily.

Anytongs Shark Tank Update | Anytongs Net Worth

With Anytongs, you can switch tongs on the fly while cooking without breaking your cooking flow. They are dishwasher-safe, durable, and heat-resistant.

Anytongs can reduce your kitchen utensil need and the mess you have to clean up after meals by reducing the number of utensils you need.

Who Is The Founder Of AnyTongs?

The founder of Anytongs is Tog Samphel, a product designer who conceived the idea for Anytongs after witnessing his mother improvise makeshift tongs using clothespins, tape, and plastic forks while entertaining.

Samphel, having previously developed digital products, desired to create a tangible solution for the common need for extra kitchen tongs.

Before appearing on “Shark Tank,” Samphel successfully funded Anytongs on Kickstarter, surpassing his $10,000 goal, and also sold the product through Amazon and a dedicated website.

The product gained popularity due to its innovative design that allows users to turn their flatware into functional kitchen tongs easily. Anytongs was designed to make food handling more convenient and sanitary while also saving storage space in the kitchen.

The key features of Anytongs include its ability to attach a variety of flatware using tension strength. The rubberized slots are tapered to accommodate flat-styled handles of varying widths, shapes, and even curves. This allows users to use their existing flatware to create multiple tongs without taking up precious storage space.

Anytongs is designed to hold the flatware securely in place while in use. The torque hinge operates smoothly for maximum control, precision, and comfort and can withstand nearly 12 lbs of pressure. This ensures that the flatware remains securely in place, even when handling heavy or large items.

However, complications arising from the COVID-19 pandemic in 2021 led to manufacturing delays, and by the time of the “Shark Tank” episode, his profits totaled just $7,000. Despite facing challenges, Samphel entered the studio hoping to secure a $150,000 investment in exchange for 20% of his business.

Anytongs gained attention for its compact and lightweight design, convenience, and commitment to sustainability.

Anytongs appeared on Shark Tank in Season 14, Episode 13, where Tog Samphel accepted a deal with Daymond John, receiving $150,000 for 49% equity in the company.

How Was The Shark Tank Pitch Of AnyTongs?

Tog Samphel, the founder of Anytongs, demonstrated his innovative kitchen tool during the Shark Tank presentation, allowing users to create instant tongs by inserting spoons or forks into the handles.

He emphasized the versatility of the product and its ability to reduce contamination during cooking.

Anytongs Shark Tank Update | Anytongs Net Worth

Tog informed the Sharks that he had launched a successful Kickstarter campaign, raising over $30,000 with an initial goal of $10,000. He mentioned that the cost per unit was approximately $2, and they were sold to customers at a price point of $19.99.

Although the global pandemic in 2021 had impacted Anytongs’ gross revenue, Tog utilized that time to develop a second version of the product. The new design improved convenience and manufacturing costs, with a landed cost of just over $1 per unit produced.

While most of the Sharks showed limited interest, Daymond John saw potential in Anytongs and made an initial offer of $150,000 for 49% equity. Tog and his team engaged in counteroffers but eventually accepted Daymond’s offer.

The table below summarizes the investment offer, counteroffers made by the founders, and the final deal accepted:

SharkInvestment OfferedCounter OfferFinal Deal
Kevin O’LearyNoneN/AN/A
Robert HerjavecNoneN/AN/A
Mark CubanNoneN/AN/A
Daymond John$150,000 for 49%Counter offered 20%Accepted 49% for $150,000

Daymond John offered the desired $150,000 investment but for a 49% stake. Despite attempts to negotiate, Samphel accepted John’s proposition.

With Daymond on board, Tog is expected to benefit from improved marketing strategies and reach a wider customer base, ultimately increasing sales for Anytongs.

The company has been able to improve its overall margins with the launch of the second version of its product.

Did Anytongs Get a Deal on Shark Tank?

Yes, AnyTongs did get a deal on Shark Tank. Founder Tog Samphel appeared on Season 14, Episode 13 of Shark Tank and asked the sharks for $150,000 for 20% equity.

Ultimately, Daymond John made an offer of $150,000 for 49% equity, which Tog accepted. This successful deal allowed AnyTongs to secure the investment they needed to grow their business further.

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What Happened To AnyTongs After Shark Tank?

After appearing on Shark Tank, AnyTongs, the kitchen gadget that allows users to snap forks and spoons into a holder to form versatile tongs, experienced both challenges and successes.

During the pitch, the Sharks were impressed with the invention’s ingenuity and usefulness. Daymond John ultimately invested $150,000 for 49% of the company.

The partnership provided the necessary funds for the founder, Tog Samphel, to quit his job and commit full-time to AnyTongs.

Anytongs Shark Tank Update | Anytongs Net Worth

Initially, AnyTongs faced some hurdles. The product was not patented, making it vulnerable to competitors who could copy and sell it at a lower price.

Additionally, some Sharks expressed concerns about the high retail price compared to traditional tongs. Samphel also revealed that he had run out of money due to limited inventory and underwhelming profits.

However, despite these challenges, AnyTongs has thrived since its appearance on “Shark Tank.” The product is now available on the company’s official website in various package options.

Customer reviews have been positive, highlighting the gadget’s versatility, compact design, and contribution to safer cooking practices.

The business has experienced substantial growth. Before “Shark Tank,” AnyTongs had a valuation of $300,000. Since partnering with Daymond John, the company’s estimated net worth has reached $1 million.

Looking ahead, AnyTongs has plans to expand its product line. The company aims to create innovative and convenient kitchen tools that enhance cooking and food-handling experiences.

Despite initial challenges, AnyTongs found success after appearing on Shark Tank. The partnership with Daymond John provided the necessary resources for growth, resulting in a significant increase in valuation and positive customer feedback. AnyTongs continues to innovate and improve kitchen tools for consumers.

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AnyTongs Shark Tank Update

Following the show, AnyTongs continued to operate successfully, with the Samphel family running the company from their headquarters in Clifton, New Jersey. The product received positive reviews and gained visibility through media publications.

AnyTongs is available for purchase on their official website and on Amazon. The exposure and investment from Shark Tank played a crucial role in the growth and success of the company.

Anytongs Shark Tank Update | Anytongs Net Worth

Despite the challenges posed by the COVID-19 pandemic, AnyTongs thrived due to its unique product offering and the hard work of the Samphel family.

Since the appearance of Shark Tank, Tog Samphel has focused on expanding distribution channels and improving the product based on customer feedback. AnyTongs continues to receive positive reviews for its versatility and efficiency in the kitchen.

AnyTongs is still in business with an estimated valuation of $1 million, a good increase from the valuation of around $300,000 after securing the investment from Daymond John.

AnyTongs capitalized on its Shark Tank appearance by increasing sales, securing investment, and expanding its market reach. The company continues to thrive in the industry, offering a practical and versatile kitchen tool to customers worldwide.

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What Is the Net Worth Of AnyTongs?

According to our research, AnyTongs’ net worth is estimated to be $1 million. The valuation of AnyTongs was around $300,000 after securing an investment from Daymond John on season 14 of Shark Tank.