What Exactly Are Lit Handlers?
Lit Handler is a company that makes drinks hand-holders in a range of sizes. Lit Handlers was founded by Destiny Padgett in 2016, and her goods are available in a variety of sizes, colors, shapes, and forms.
She also guarantees that popular beverages such as water and champagne fit into containers ranging from a normal can to a half-gallon jug and a half-gallon of ice cream. Cold liquids stay cold and hot beverages stay hot, but your hands will never get cold or burnt. She started with a small collection and has now expanded to include Pint Size Ice Cream, Wine Tumbler, Bottleneck, Pint Glass, Can, and Small and Medium Coffee.
They also sell neoprene purses, sleeveless sleeves, and other accessories.
Who Is the Founder of Lit Handlers?
Lit Handlers, with offices in New York City, is founded by Destiny Padgett. Destiny used to be a bartender with an interest in beverage technologies. She is an entrepreneur who has built a successful company model using her previous expertise as a bar owner.
She did so after earning a BBA in Information Systems from Syracuse University’s Tuck School of Business and then working as a supply chain management consultant for six years before founding Lit Handlers.
The handles, which make it simpler to pick up and hold onto the beverage for all users, but especially for small baby hands, are Destiny’s most forward-thinking innovation to her patent-pending Handlers.
There’s also a handy pocket on the reinforced handle for small items like lip balm, mints, band-aids, or a pen. A sizing chart is available on the LIT Handlers website, allowing consumers to know exactly what they need to satisfy their needs.
The company, which is based in Buna, Texas, currently solely does business through its website and Amazon. Despite this, it plans to increase in all areas, including production, sellers, and overall inventory.
What Happened to Lit Handlers on Shark Tank Pitch?
Destiny Padgett went on to the Shark Tank pitch, looking for an investor who could invest $200,000 in her firm in exchange for a 10% ownership.
She went on to say that her firm made $630,000 in sales in 2020 and is aiming for $780,000 in 2021. She claims she needs a Shark to help her with licensing so she may grow her business. The Shark Tank investors were enthusiastic about investing in the business.
— Lit Handlers (@LitHandlers) March 31, 2021
Kevin O’ Leary was the first to make a $200,000 offer in return for a 20% stake in the firm. The contract with Destiny’s firm did not include Robert Herjavec, Mark Cuban, or Lori Greiner. Kevin O’ Leary immediately amended his offer to $200,000 for 25% of the company shares after Daymond John offered $200,000 for 25% of the company shares. Destiny counters with a $200,000 offer for a 20% stake in her firm.
Destiny rejects Kevin O’ Leary’s offer and ultimately agrees to a deal with Daymond John for $200,000 in exchange for 20% ownership of the firm.
After the Shark Tank, What Happened to Lit Handers?
Finally, the Contract Between Daymond John and Destiny Was Completed, and The Transaction Was Completed Smoothly.
Lit Handers Is Still in Business, and Their Items Are Now Available for Purchase on Their Website and On Amazon. in 2021, the Firm Earned $1.2 Million in Total Sales.
Lit Handlers’ Competitors:
Similar Products from A Variety of Rivals, Including Skip Hop and Scanpan, Compete with The Company’s Offerings.
Lit Handlers’ Net Worth:
In 2022, Lit Handlers Had a Net Worth of $1.2 Million.