InstaFire as the name says is a product used by campers for instant fire without a lighter or match stick. Many people want to go on adventure trips but the hardest part of the trip is bringing camping fire to life.
Creating fire without fuel is a very difficult process but InstaFire is the solution to all the problems. Konel Banner and his partner Frank Weston bought a Water-repellant fire starter that lightens up anything instantly.
InstaFire Net Worth
|Konel Banner and Frank Weston
|Graduate and Engineer
|$1 Million each
Early Stage of InstaFire
In recent years many camping and adventure freaks have bought this product and with word of mouth InstaFire become famous among campers.
InstaFire is used by military forces as well. One can use InstaFire for campfires, snowmobiling, in stoves, or as an emergency fire starter.
Konel was elected as the president of RK Wholesalers Inc. He faced a tragedy during the Teton Dam collapse.
Both the partners decided to make a product that caught fire instantly and it must be waterproof InstaFire was made.
What Happened to InstaFire After Shark Tank?
During the Pitch, Konel’s original ask was $300,000 against 10% equity. But Lori and Mark counter the pitch and give an offer for $300,00 against 30% in the company.
The deal was made and the valuation doubled in just a year.
Is InstaFire still in business?
Yes, the InstaFire is still in business. Their primary customers are military forces.
Mysha is from a business background and holds a related degree. She is an industry geek and loves to keep a check on every fluctuation happening in the modern tech and business industry.