
Quikflip
Dealhoodie backpack
Quikflip appeared on Shark Tank in Season 10.
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From the show
The Shark Tank pitch
- $500K
- Asked for
- 5%
- Offered equity
- $10M
- Sought valuation
- $500K
- On-air deal amount
- 10%
- Deal equity
- $5M
- Implied equity valuation
The pitch introduced Quikflip in Season 10, Episode 23. The episode aired May 12, 2019.
They came in asking $500,000 in exchange for 5% equity, putting a $10M valuation on the business.
Quikflip reached a recorded on-air agreement with Lori Greiner for $500,000 and 10% equity. The record lists a $5M implied deal valuation, compared with the $10M requested valuation. These are the reported on-air terms, not confirmation that funding was completed.
Season 10 has 92 pitches in the index, including 63 recorded on-air agreements. Across 241 fashion & beauty pitches with known outcomes in the index, 58% are recorded as accepted deals.
The full story
Everything to know about Quikflip
Quikflip is a hoodie that converts into a backpack in a few seconds, solving the everyday annoyance of having nowhere to put a sweatshirt once you take it off. The brand was founded by Rener Gracie, a well known Brazilian jiu-jitsu instructor who came up with the idea after overheating on runs and getting tired of tying a hoodie around his waist. He wanted apparel that did double duty without straps, zippers around the body, or bulky add-ons.
Rener walked into Season 10 asking for 500,000 dollars in exchange for a small slice of the company, a high valuation that made the sharks lean in. He demonstrated the flip live, turning the hoodie inside out into a wearable pack in seconds, which got a strong reaction. Lori Greiner saw the retail potential right away and made an offer, structured partly as cash and partly as a credit line for inventory.
Quikflip stood out because the demo was instantly understandable and the product hit a real pain point for commuters, travelers, and students. The patented convertible design gave it a defensible edge, and the simple visual hook (a hoodie becoming a bag) made it easy to share. That clarity helped it land press attention beyond the show, including recognition for its inventive design.
Where Quikflip is now
The on-air handshake with Lori Greiner did not finalize after taping, which is common with Shark Tank deals. Even so, the exposure drove a meaningful sales spike, and Quikflip used the momentum to widen its lineup with rain jackets, pullovers, and kids sizes. The brand was also named among notable inventions of 2019, which added credibility for a young apparel startup.
As of 2026 Quikflip is still operating and selling through its own website and wholesale partners. The company has expanded its catalog well beyond the original hoodie and continues to market the convertible design as its signature feature. It runs as an independent direct-to-consumer apparel brand rather than a retail-shelf giant, focusing on its patented core product.
Where to buy Quikflip
You can buy Quikflip directly from the official Quikflip website, where the convertible hoodies, rain jackets, and pullovers are sold along with kids options. A typical purchase gets you a single garment that wears like a normal hoodie and folds into a backpack with built-in straps. It is genuinely useful if you commute, travel, or move between indoor and outdoor temperatures often. For people who just want a basic hoodie, the convertible feature adds cost you may not need.
Is Quikflip still in business?
Read our 2026 update on where the company is now.
Sold on Quikflip?
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Frequently asked questions
Where can I buy Quikflip?
We have not verified a current official store or active Amazon listing for Quikflip. The product may be discontinued or sold under a different name.
Which shark made an on-air offer to Quikflip?
Lori Greiner appears in the recorded on-air terms for Quikflip. The deal answer above gives the recorded structure.
What season of Shark Tank was Quikflip on?
Quikflip appeared in Season 10, Episode 23, which aired May 12, 2019.
How much was Quikflip asking for on Shark Tank?
The founders asked for $500,000 for 5% of the company, a $10M valuation.
Who invented Quikflip?
Quikflip was founded by Rener Gracie, a Brazilian jiu-jitsu instructor. He created the convertible hoodie after wanting an easy way to carry a sweatshirt once he took it off during workouts and runs.
Did Quikflip get a deal on Shark Tank?
Rener Gracie shook hands with Lori Greiner on Season 10, but like many televised handshakes the deal did not close after filming. The company kept growing on its own using the publicity from the appearance.
Is Quikflip still in business?
Yes. As of 2026 Quikflip is still operating and sells convertible hoodies, jackets, and kids sizes through its official website and wholesale channels.
Shark Tank Index may earn a commission on purchases made through links on this page. Deal figures reflect what aired; terms sometimes change after the show.
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