Shark Tank: BenjiLock Accepts $200,000 Offer from Kevin O’Leary

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Last into the tank is Robbie Cabral of BenjiLock, seeking $200,000 for 10 percent equity.

BenjiLock is a rechargeable padlock that uses fingerprint technology to ensure your valuables are safe. According to Digital Trends, the padlock “supports up to four distinct fingerprints and saves them in an encrypted chip, allowing users to easily crack open the 7-pin device with a finger of their own choosing.” The device can also be opened using traditional keys in the event that an unauthorized individual attempts to unlock it, which causes all information to be deleted. It is available in stainless steel, white, black, brass and copper and costs $80.

The sharks are all very impressed that the charge on the padlock lasts a whole year, while Lori Greiner thinks it’s very impressive that the product was honored at CES 2017. BenjiLock, which has received a licensing offer from one company, is Cabral’s full-time job.

Kevin O’Leary offers $200,000 for 15 percent, followed by Lori Greiner, who offers $200,000 for 15 percent. The offers continue to pour in as Barbara Corcoran partially offers $100,000 for 10 percent. Guest shark Alex Rodriguez is very inspired by Cabral’s passion and story and offers to join Corcoran’s offer for a total of $200,000 for 20 percent. Before Cabral accepts anything, Mark Cuban goes out.

Ultimately, Cabral accepts O’Leary’s offer. He says something connected with that deal in particular.

Social Media Reacts to BenjiLock’s Appearance on “Shark Tank”

I think @BenjiLock has potential! I like it much better than the stupid Gronk water bottle. #BenjiLock #SharkTank

— Amy Naas (@AmyNaas) October 16, 2017

Interested in the security of BenjiLock; how easy will it be to hack? #sharktank

— Paper Spock (@PaperSpock) October 16, 2017

Such a great idea @BenjiLock 1st bio metric (finger print) + key #SharkTank

— C:hristina (@divinetechygirl) October 16, 2017

What a story. I actually had an inkling you were going to go with @kevinolearytv . Best of luck on your road to success. #SharkTank

— Jay Wertheimer (@LuvMetsandPets) October 16, 2017

This @BenjiLock is a good idea #SharkTank

— Carey (@CareyMatto) October 16, 2017

Each week on “Shark Tank,” budding entrepreneurs have the opportunity to pitch their emerging businesses to multi-millionaire and billionaire investors, known as sharks: Mark Cuban, owner of the Dallas Mavericks; Daymond John, fashion mogul and founder of FUBU; Kevin O’Leary, self-proclaimed Mr. Wonderful and founder of O’Leary Financial Group; Barbara Corcoran, real estate maven; Lori Greiner, queen of QVC; and Robert Herjavec, technology guru and founder/CEO of the Herjavec Group.

Philanthropist and Virgin Group founder Richard Branson, Spanx founder Sara Blakely, Skinnygirl Cocktails founder and Real Housewife Bethenny Frankel, Vitamin Water founder Rohan Oza and former MLB player Alex “A-Rod” Rodriguez are also slated to appear as guest sharks this season.

“Shark Tank,” which is based on “Dragons’ Den,” is produced by Mark Burnett and first debuted in 2009. To date, the sharks have invested more than $100 million in various companies after engaging in numerous bidding wars and shark fights. A new episode airs each Sunday at 9 p.m. on ABC.

Would you use BenjiLock? Sound off in the comments section below!

Source: B2C