- Slinger Bag is a tennis equipment bag that doubles as a tennis ball launcher.
- The company is growing rapidly and has secured $200 million in distribution deals globally over the next 5 years.
- The company will need to raise more money soon with just $0.33 million on the balance sheet as investments in working capital and future losses will need to be funded.
- Tennis is a huge market worth billions of dollars annually, so there is certainly potential.
- It's still too early for me, but I think Slinger Bag is certainly worth keeping on a watchlist going forward.
For further details see:
Slinger Bag: The Peloton Of Racket Sports? Not Yet