What is SoaPen Net Worth? SoaPen was founded by friends Amarat Anand and Shubham Issar. Season 13 of the popular show Shark Tank featured them. A contract with the “sharks” for at least $100,000 in exchange for a 10% ownership in the company would be a great way to fund their new and inventive business strategy.
How much money do you think SoaPen is worth? How novel and novel is their company plan? We’ve provided answers to all of your questions below.
What is SoaPen?
SoaPen is a kid-friendly hand soap that looks like a pen. Tangy Tangerine (red), Berry Blast (blue), and Fresh Pear (green) are the three color options for this bar of soap.
The soap capacity of each pen is 33 ml. Because of the tender skin of a child’s hands, soap containing SLS, parabens, Phthalates, or EDTA has been avoided.
Water, propanediol, Cocamidopropyl betaine, Myristamidopropyl PG-ammonium chloride phosphate, and a host of other ingredients go into manufacturing this bar of soap.
This soap is very simple to use, even for kids. They need only make a drawing on their hand and then massage it with water. The next step is to wash your hands with water, which takes between 20 and 40 seconds.
This soap is available both on a subscription basis and as a one-time buy. The One-Time Purchase price is $17.99, while the subscription fee is $16.19. This soap may be purchased from both Amazon and the Company’s online store.
What is SoaPen Net Worth?
The company’s sales report, which was shown on Shark Tank, does not bode well. Based on the show’s sales data, we calculate SoaPen’s worth to be between $1 and $2 million.
What Happened to SoaPen After It Was on “Shark Tank”?
After the Shark Tank broadcast, while Aanand and Issar were doing an interview, Nirav approached them and offered them funding for their firm. Both of them took up the offer. After this episode of Shark Tank aired, all of the soaps instantly sold out.
Users on various social media platforms have expressed their approval of this hand soap. As a result of increased demand, this company has increased production. This product is available for purchase on Amazon, where it is performing well.
SoaPen has released a new product called the “SoaPen x Potty Training Book Bundle.” For $25, you may own this. MassChallenge, a seed-stage investor, invested $150,000 in the startup on February 8, 2022.
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When and Why Did People Start Using Soap?
The COVID-19 epidemic shockingly demonstrated that people do not wash their hands for the recommended 20 seconds. Shubham Issar created the Anand Amarat SoaPen to make washing one’s hands with soap more fun for children.
The concept for this venture originated with soap crayons. A child may draw soap on their hand, wash it off, and then use the soap.
Who Are SoaPen Founders?
Two Indian immigrants, Amanat Anand and Shubham Issar, started a business called “SoaPen Inc.” in New York.
Take a look at this tweet:
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
They have the common ground of holding a Bachelor of Fine Arts degree from an accredited institution. They both made Forbes’ 30 Under 30 list in 2017.
Is SoaPen Still in Business?
This hand soap has received a stellar 4.2 stars out of 5 reviews on Amazon. The pleasant aroma of this product has won over many consumers.
The product is offered on the Amazon Global platform and can be shipped anywhere in the United States. One can also save money by purchasing this item from Amazon.
Currently, the headquarters of this Private Manufacturers Handmade Soap Company may be found in Brooklyn, New York.
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