Amarat Anand and Shubham Issar established the company SoaPen. They were featured in season 13 of the hit show Shark Tank. They have a novel and inventive business plan and were hoping to secure a contract with the “sharks” for at least $100,000 in exchange for a 10% stake in the company. Do you know how much is SoaPen net worth? Is their business idea original and fresh enough to succeed? Your all queries are answered below.
What is SoaPen Net Worth?
The company’s sales report, disclosed on Shark Tank, is not encouraging after all this time in business. We estimate SoaPen’s value at between $1 and $2 million based on the show’s sales data.
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After Appearing on “Shark Tank,” What Became of SoaPen?
When Aanand and Issar were doing an interview after the Shark Tank show, Nirav offered him money for their business. They both accepted the offer. All the soaps went quickly out of stock after this episode of Shark Tank aired. This hand soap has been praised by several users on social media.
This firm has boosted output in response to rising demand for its wares. You may buy this item on Amazon, where it’s doing quite well. The “SoaPen x Potty Training Book Bundle” is a new product from the brand. This item costs $25. On February 8, 2022, investor MassChallenge put $150,000 into the company at the seed stage.
How Did The Concept Of Soap Emerge?
People don’t wash their hands for the prescribed 20 seconds, as the COVID-19 outbreak made painfully clear. Anand Amarat SoaPen was developed by Shubham Issar to make washing one’s hands a more enjoyable experience for kids. Soap crayons were the original inspiration for this project. A youngster might have soap drawn on their hand, and then use that soap after washing it off.
Who Are SoaPen Founders?
Amanat Anand and Shubham Issar, both originally from India, founded the company “SoaPen Inc” in New York. They have the common ground of having earned a BFA in their respective fields of study. In 2017, both of these co-founders made Forbes’ list of 30 Under 30.
Take a look at tweet below:
Mother of Invention- Amanat Anand and Shubham Issar created the SoaPen, now available on Amazon, to bring soap into low income schools in India in a fun way. Great Idea! #WITW pic.twitter.com/xKlRQOIKt4
— Vidya Kumar Ramanathan, MD MPH (@RamanathanVidya) April 11, 2019
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