8. ToyGaroo
Nikki Pope presented her exciting subscription-based business model to the Sharks where parents could get monthly toys for their kids by paying a small fee. Mark Cuban and Kevin O’Leary even invested $250,000 in the venture. But things went south when the core team of the company disagreed about the free shipping policy by Cuban and O’Leary’s team. The company eventually sunk beneath the shipping and sourcing costs and is now defunct.
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Edited by Nimisha