Angel Shave Club Shark Tank Net Worth 2023
Angel Shave Club appeared on Shark Tank in 2023 with an imputed $3 million valuation. The sharks passed on the company’s request for $300,000 for a 10% equity stake.
According to one source, the company wanted customers to subscribe for monthly shipments and promised a quality shave at a cheap price.
What is Angel Shave Club? Who is the Founder of Angel Shave Club?
Angel Shave Club, founded by Iskra Tsenkova, is a shave club designed specifically for women, offering a luxurious shaving experience at an affordable price.
Customers have the freedom to customize their monthly plan by choosing the number of blades, handle color, and delivery frequency according to their preferences.
The company also provides a special First Shave Kit for teenage girls that includes all the essentials needed to begin shaving.
Recently, Angel Shave Club secured a $200,000 investment and entry into an accelerator program with Quake Capital, allowing them to compete more effectively in the rapidly growing subscription service industry. This move has the potential to increase the company’s revenue growth by 100-150 percent.
Along with financial support, the company will benefit from access to various resources, mentorship, networking opportunities, and office space for three months.
According to customer reviews, Angel Shave Club currently holds an average rating of 3.15 stars and is ranked 15th in the shaving category.
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Angel Shave Club Shark Tank Pitch
Iskra Tsenkova, the individual who established and owns Angel Shave Club, along with her partner Brian, approached the Sharks with a proposal to invest $300,000 in exchange for a 10% ownership stake in the company.
Angel Shave Club is a beauty subscription service that offers its customers high-quality razors and other cosmetic products.
Customers can choose to receive razors and replacement blades every 2 or 4 months based on their preferences. Despite this, the Sharks declined to invest in the company and did not present any offers.
Angel Shave Club later revealed that they had secured a $200,000 investment from Quake Capital and had been accepted into their accelerator program.
Unfortunately, due to the Covid-19 pandemic’s impact and lack of funding, the company ceased operations in early May 2020 after operating for three years.
Angel Shave Club Shark Tank FAQs
What is Angel Shave Club?
Angel Shave Club is the first boutique shave club founded by a woman (Iskra Tsenkova) exclusively for women.
How does Angel Shave Club operate?
Angel Shave Club is the first women’s shaving subscription service. Women may join the Angel Shave Club and pick between two razors that will be supplied every two or four months.
It is an online boutique subscription shave club exclusively designed for women.
When was Angel Shave Club founded?
Angel Shave Club is a woman-owned business situated in San Diego. Angel Shave Club, founded in early 2016, is the first of its kind, online boutique subscription shave club specifically tailored for women.
Angel Shave Club is giving shave boutiques a much-needed facelift.
Manufacturers are well on their way to delivering a wonderful shaving experience for ladies all around the world at attractively low pricing.
What are the reviews of Angel Shave Club?
Angel Shave Club has a consumer rating of 3.15 stars based on 13 reviews, suggesting that the majority of consumers are pleased with their purchases. Angel Shave Club is ranked 15th in the Shaving category.
What are the complaints?
The most of consumer complaints revolve around a lack of customer assistance, which complicates the process of canceling a subscription.
When was Angel Shave Club Shark Tank Pitched?
In Shark Tank episode 1010, Iskra Tsenkova and Brian Archambo pitched Angel Shave Membership for funding. It is a monthly razor club geared at women.
According to CEO and founder, Iskra Tsenkova , being on Shark Tank has been her dream since the inception of Angel Shave Club in 2016,
What solution does Angel Shave Club bring?
Angel Shave Club is targeting a genuine issue in the grooming business by developing a solution to overpriced women’s shaving products.
Regrettably, owing to Covid-19, the firm went out of business in May of 2020.
What is monthly subscription shave club?
The monthly subscription shave club, which caters exclusively to women, was generated from a realization Tsenkova had while showering and comparing her razor to her husband’s.
What Will Angel Shave Club Do for the World?
Tsenkova maintains her aim of empowering women by contributing a part of every Angel Shave Club sales to aid the fight for gender equality and give goods, education, and employment to girls and women in need throughout the world.
Who are the Female Shark?
Angel Shave Club’s founders, Iskra Tsenkova and Brian Archambo of San Diego, California, presented their company on Shark Tank.
Tsenkova and Archambo had the opportunity of marketing in front of three female Sharks (a rare occurrence): Barbara Corcoran, Lori Greiner, and special guest Shark Sara Blakely, creator and CEO of Spanx.
Unfornately, they stepped out of Shark Tank without a deal.
Did angel shave club get a deal on shark tank?
Angel Shave Club exited the Shark Tank without a deal in Season 10 Episode 11.
They did, however, get the attention of venture capital firm Quake Capital following the shark tank, which gave the women’s shaving club a $200,000 investment.
Is Angel Shave Club Still In Business?
The company is a boutique shave club for women designed by a woman and appeared on shark tank episode 1010.
Unfortunately, in mid-2020, the Angel Shave Club company went out of business due to Covid-19.
According to their website, they are unfortunately shutting down their services on due to Covid-19 only 3 year after launched.
