Innovation Pet: The Rise and Fall From $5 Million Valuation to Bankruptcy
Innovation Pet: A Cautionary Tale of Rapid Growth and Unsustainable Business Practices Once a rising star in the pet industry, Innovation Pet soared to new heights after securing a $5 million investment on Shark Tank. However, the company’s rapid growth proved to be its downfall, leading to bankruptcy in 2020. This article takes a closer look at Innovation Pet’s journey, exploring the reasons behind its initial success and eventual collapse....