Hidrent Shark Tank Update: Where Happened To It After Shark Tank?

In the hustle and bustle of modern life, juggling household chores can be an uphill battle, especially for those who live alone, and even more so for the elderly. The struggle is not just about completing the tasks at hand; it’s also about inviting the right person into your home, someone you can trust. This is where Dave Heimbuch’s ingenious solution, Hidrent, steps in the American Television show Shark Tank.

Because of its ingenious solution, the Sharks got interested right away. But how was Hidrent Handyman App’s overall pitch in Shark Tank, how did it perform after the airing of the episode, Hidrent Handyman App’s net worth in 2024, and what was every update of the Hindrent Handyman App after Shark Tank?

Let’s find out in this Hidrent Shark Tank Update.

An Overview of Hidrent

Here’s a brief overview Hidrent Handyman App.

What is Hidrent?

Hidrent is a unique and innovative handyman service, which was pitched in Season 13 of the popular American TV show – Shark Tank USA. The company addresses the challenges of getting household tasks done, particularly for those who live alone, including the elderly. Hidrent sets itself apart by connecting individuals in need with off-duty firefighters, who are considered trustworthy members of the community.

The concept is simple yet powerful – users can list various household jobs on the Hidrent platform, such as moving furniture or installing light fixtures. Off-duty firefighters can then accept these tasks, providing assistance to those in need. The process is facilitated through a user-friendly app, where users can easily book a firefighter for a particular job, and payments are handled seamlessly within the app.

Who founded the Hidrent Handyman App?

Hidrent Handyman App was founded by Dave Heimbuch. Heimbuch is the entrepreneur behind the innovative concept of connecting individuals in need of household assistance with off-duty firefighters, creating a trustworthy and reliable solution for various tasks through the Hidrent platform.

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How does Hidrent Handyman App work?

Hidrent operates as a unique and reliable digital handyman service that connects individuals in need of household tasks with off-duty firefighters. The process is straightforward and secure:

• Task Listing: Users can list various household tasks on the Hidrent platform, such as moving furniture, hanging pictures, installing light fixtures, and more. This is done through a user-friendly app or a convenient phone booking service.

• Firefighter Acceptance: Off-duty firefighters, who are already trusted members of the community, have the opportunity to accept these listed tasks. The firefighting background adds an extra layer of trust and reliability to the service.

• In-Person Assistance: Once a firefighter accepts a job, they come to the user’s home to provide assistance with the specified task. This not only ensures the completion of the job but also enhances the safety and security of the user, as firefighters are known for their commitment to public service and safety.

• Payment via App: The payment for services is handled seamlessly through the app. Users can make payments for completed tasks securely, creating a cashless and efficient transaction process.

Hidrent before the shark tank

Hidrent started its operation back in 2017. Before its big moment on Shark Tank, Hidrent was already making waves, and here’s the scoop on their journey.

While the exact cash injection is a bit of a mystery, Hidrent had enough financial backing to kickstart its unique approach to home services. They weren’t just another platform – they were a team of heroes ready to tackle your to-do list.

Before the sharks, Hidrent had already raked in an impressive $1.9 million in lifetime sales. People were buying into the idea of skilled professionals coming to the rescue, and Hidrent was there to deliver.

What made Hidrent stand out? Their secret weapon was an army of off-duty firefighters, turning everyday household tasks into missions of efficiency and skill. It wasn’t just about fixing things; it was about doing it with a touch of heroism.

Starting small, Hidrent quickly expanded its reach. What began in select states soon spread nationwide, proving that their unique formula for home services was something everyone could get behind.

As Hidrent geared up for its Shark Tank debut, the world was about to see the climax of years of hard work and a dash of heroics. The journey before the tank was filled with quiet victories, impressive growth, and a dedication to making a real difference in homes across the country.

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The Pitch of Hidrent in the Shark Tank

During the pitch on Shark Tank Season 13, Dave Heimbuch introduced Hidrent as an innovative digital handyman service. He emphasized the unique concept of connecting users with off-duty firefighters for household tasks, underlining the trust and reliability associated with this profession. The pitch underscored the platform’s user-friendly nature, allowing individuals to easily list tasks and receive assistance through the app.

In terms of investment, Dave Heimbuch sought $300,000 in exchange for an 8% stake in Hidrent. He aimed to secure backing for the expansion and development of the service, recognizing the potential for growth in the market of connecting trustworthy service providers with individuals in need of assistance.

The Sharks who expressed interest in the pitch were Robert Herjavec and Lori Greiner. In a joint offer, they proposed a $300,000 investment in return for a 35% equity stake in Hidrent. However, Dave Heimbuch countered the offer, suggesting Robert’s initial terms of $300,000 for a 20% equity share.

After some negotiation, a final deal was reached. Robert Herjavec and Lori Greiner agreed to invest $300,000 for a 33.3% equity stake in Hidrent. Dave Heimbuch accepted this offer, sealing the deal and securing the support of the Sharks for the further development and expansion of Hidrent’s services.

Hidrent Shark Tank Update 2024: Post Shark Tank Scenario

After its stint on Shark Tank, Hidrent experienced a wildfire of success. Hidrent’s financial success skyrocketed, with a substantial increase in both sales and revenue. The company went beyond just numbers, expanding its customer base and reaching homeowners across the entire United States.

The heart of Hidrent’s success lies in the positive impact on households nationwide. Homeowners found comfort in the reliable and skilled services provided by off-duty firefighters, turning Hidrent into a go-to solution.

Hidrent’s innovative model of hiring off-duty firefighters gained popularity. The platform saw a surge in the number of these trusted professionals, utilizing their expertise to ensure top-notch services for customers.

While specific net worth figures are undisclosed, Hidrent’s overall value is expected to be $8.5 million post-Shark Tank generating an approximate annual revenue of $6 million. The collaboration with Robert Herjavec and Lori Greiner not only brought in capital but also injected invaluable expertise into the business.

Hidrent strategically used the Shark Tank platform to expand its reach and boost brand visibility. Services became available nationwide, allowing more homeowners to benefit from the convenience and reliability offered by off-duty firefighters.

Beyond financial gains, Hidrent made a positive impact on local communities. By employing off-duty firefighters, the company not only supported these heroes during their off-duty hours but also provided essential services to homeowners, creating a win-win situation.

What is the Net worth of Hidrent in 2024?

Hidrent remains fully operational and has achieved impressive revenue after its appearance in Shark Tank. As of 2024, Hidrent’s net worth stands at an impressive $8.5 million, with annual revenue reaching $6 million.