Blueland Soap Net Worth
During their pitch on Shark Tank, the co-founders of Blueland Soap, Sarah and Syed, stated that their company was valued at $13.5 million. However, after Kevin O’ Leary’s transaction, the company was revalued at $9 million, which was a significant decrease from the original valuation.
Despite this, the company has experienced a substantial increase in sales, which could result in an increase in its net worth in 2021. It’s important to note that company valuations are not fixed, and they can fluctuate based on a variety of factors such as sales, profits, and market conditions.
So, it’s possible that the company’s valuation may continue to change over time based on its financial performance and other relevant factors.
What is Blueland and Who is the Founder of Blueland Soap?
Blueland is a company that produces eco-friendly cleaning products with the goal of eliminating single-use plastic packaging from its four main products: bathroom, window, all-purpose, and hand soap.
It was co-founded by Sarah Paiji Yoo and Syed Naqvi. Sarah, who was previously a partner at LAUNCH and CEO of Snapette, came up with the idea for Blueland when she was giving her infant water-based formula and became aware of the problem of dissolved microplastics in the oceans.
She partnered with Syed, who has extensive experience in the consumer product industry, to create novel, non-toxic cleaning tablets, and environmentally friendly packaging. The brand offers “forever bottles” that can be refilled with water-soluble tablets instead of being disposed of after use.
The bottles cost $12 each or $38 for all four, and refill tablets are only $2 each and packaged in biodegradable paper. Sarah believes that her solution can eliminate 100 billion plastic bottles in the United States alone.
The company raised $3 million in seed funding from investors, including Justin Timberlake, and plans to expand its product line beyond cleaning products in the future.
Blueland Soap Shark Tank pitch
Sarah and Syed decided to present their innovation on Shark Tank to help revolutionize the way customers buy cleaning products.
They requested $270,000 for a 2% stake in their company, which was valued at $13.5 million. This elicited surprise and shock from the Sharks. While handing out samples and explaining their product, they revealed that they were a 100% direct-to-consumer company but were in the process of finalizing a deal with a large box retailer.
Although the Sharks were worried about changing consumer behavior, they were interested in the concept. Lori Greiner and guest Shark Daniel Lubetzky joined forces and provided $270,000 in exchange for an 8% stake in the company.
Kevin O’Leary also made an offer of $270,000 for a 5% stake and 1% advisory shares, but Syed and Sarah objected, causing Mark Cuban to leave the deal, stating that he was only there for the pitch.
After Mark’s criticism, the couple offered Kevin O’Leary $270,000 for 3% equity and a fifty-cent royalty on each kit sold until he recoups his money. Kevin accepted the offer, and the deal was closed.
Although the episode aired a few months before, the deal with Kevin was not finalized until October 2020. The company has done well, and they have made a lot of sales. In November 2021, the company’s annual sales were $6 million.
Competitors of Blueland
The major competitors of Blueland are; Lemi Shine, method.240. Splosh, Cleancult, Mrs. Meyer, National Purity, Earthwise Group and Method.137.
Net Worth of Blueland
The company valuation was $13.5 million during the pitch, after Kevin O’ Leary’s transaction the company was valued $9 million. Due to an increase in the company’s sales the net worth also might raise in 2021.
Blueland Soap Shark Tank Updates
Blueland is a sustainable cleaning and personal care products company that appeared on Shark Tank Season 11.
The company was founded in 2019 by Sarah Paiji Yoo after she became a mom and discovered the amount of microplastics in our food and water supply. Blueland’s mission is to reduce single-use plastics through effective refillable solutions.
During their Shark Tank appearance, Blueland asked for $270,000 for 2% equity and landed a deal with Kevin O’Leary for $270,000 for 3% equity and a $0.50 royalty per kit until his money is earned back. After the episode aired, Blueland saw a spike in sales.
Blueland provides reusable Bottles and Vessels that the company claims last a lifetime, reducing single-use plastic packaging. The company started as a cleaning product but is now providing personal care products as well.
Blueland’s products come as a bottle with small cleaning tablets that dissolve in water, making it efficient to sell in pre-made plastic bottles.
In summary, Blueland is a sustainable cleaning and personal care products company that landed a deal with Kevin O’Leary on Shark Tank Season 11. The company provides refillable solutions to reduce single-use plastics and saw a spike in sales after its Shark Tank appearance.
Table: Blueland Soap Shark Tank
| TOPIC | INFORMATION |
| Company Name | Blueland |
| Founders | Sarah Paiji Yoo and Syed Naqvi |
| Product | Eco-friendly cleaning products (bathroom, window, all-purpose, and hand soap) |
| Mission | Eliminate single-use plastic packaging |
| Funding | Raised $3 million in seed funding |
| Shark Tank Pitch | Asked for $270,000 for a 2% stake in the company, but landed a deal with Kevin O’Leary for $270,000 for 3% equity and a $0.50 royalty per kit until his money is earned back |
| Competitors | Lemi Shine, Splosh, Cleancult, Mrs. Meyer, National Purity, Earthwise Group, and Method |
| Valuation | $13.5 million during the pitch, but revalued at $9 million after Kevin O’Leary’s transaction |
| Sales | Annual sales of $6 million as of November 2021 |
| Additional Information | Blueland also provides refillable personal care products and offers “forever bottles” that can be refilled with water-soluble tablets instead of being disposed of after use |
Blueland FAQs
What Is Blueland Soap And How Does It Work?
Blueland Soap is an eco-friendly and refillable cleaning product that aims to reduce plastic waste. The soap comes in the form of tablets or powder that can be mixed with water to create a cleaning solution. The company also offers refillable, forever-usable, 100% BPA free cleaning bottles.
Blueland Soap is designed to be effective and easy to use. The soap works like any other foam soap and smells great. The dish soap suds up better than liquid soap and really works.
Blueland Soap is healthier than commercial personal care products and does not contain any questionable additive ingredients.
The brand’s core value is its eco-friendliness, because most personal care products contain significant amounts of plastic between the products and the packaging. Blueland Soap is a great solution for those who want to help make the world a greener and cleaner place.
Who is the founder?
Sarah Paiji Yoo and Syed Naqvi co-founded Blueland. Sarah was previously a partner at LAUNCH.
Prior to that, she served as CEO of Snapette, a mobile fashion purchasing platform that was bought by a price comparison site in 2013.
What Was The Outcome Of The Blueland Soap Shark Tank Pitch?
Blueland and their cleaning tablets appeared on Shark Tank Season 11 and landed a deal with Kevin O’Leary for $270,000 for 3% equity and a $0.50 royalty per kit until his money is earned back.
However, it is unclear from the search results whether Blueland Soap was specifically part of the pitch or if the deal was only for their cleaning tablets.
What Happened To Blueland Soap After Its Appearance At The Shark Tank?
Blueland, a sustainable cleaning and personal care products company, appeared on Shark Tank Season 11 and landed a deal with Kevin O’Leary for 3% equity and a $0.50 royalty per kit until Kevin’s money is earned back. After the episode aired, Blueland saw a spike in sales.
Blueland’s mission is to reduce single-use plastics through effective refillable solutions. The company offers reusable bottles and vessels, as well as dissolvable cleaning tablets, to reduce plastic waste.
Overall, Blueland has continued to grow and expand its product offerings since its appearance on Shark Tank.
What is their offer on Shark Tank?
They were asking for $270,000 for 2% equity, which is valued at $13.5 million.
Did they get deal?
Yes, they got the deal from Kevin O’ Leary of $270,000 for 3% equity and a fifty cent royalty on each kit sold until he recoups his money.
Is Blueland still in business?
Yes, the company is still in business. Sarah and Syed are looking forward to expanding their product line beyond cleaning goods in the future by employing the same techniques.
What is Blueland’s future?
Blueland will make further steps to expand their product line beyond cleaning goods in the future by employing similar techniques that they used to create this revolutionary product.
Is Blueland legit?
Apart from the company’s mission to eliminate single-use plastic containers, Blueland cleansers and hand wash are nontoxic.
The environmental organization Cradle to Cradle, the anti-cruelty organization Leaping Bunny, and USDA Bio based Preferred all certifies all of the items.
Is Blueland a zero waste?
Blueland’s zero-waste dishwashing powder and tablets are made without plastic.
Additionally, it contains plastic-free laundry and dishwashing tablets.
Do Blueland bottles crack?
According to the testimonials, Blueland Products clean effectively and smell pleasant, but not over powering.
It turns out that many were experiencing issues with them cracking or fracturing, but Blueland provided free replacements. They may have strengthened them up little by now to minimize cracking.
Which is better Blueland or branch basics?
The plastic bottles and zero-waste concept of Blueland. The Branch Basics concentration is packaged in a big plastic container that easily replaces the six or so that one would normally purchase.
Probably prefer this type over the Grove refillable cleaner model in terms of waste, but I still like Blueland overall.
Where is Blueland Company located?
Blueland Company News, Employees, and Financial Information, New York City, New York.
Is Blueland Made in USA?
These tablets are designed and produced entirely in the United States of America.
Forever Bottles are developed in the United States and manufactured in China in an environmentally responsible manner.
What is the net worth of Syed Naqvi?
Syed’s net worth is unknown.
What is the net worth of Sarah Paiji?
Sarah Paiji Yoo net worth is unknown.
