Candi App Shark Tank Net Worth
According to various sources, the net worth of Candi App was valued at $3.3 million during and after their pitch on Shark Tank.
However, as of 2022-2023, the company’s current net worth is estimated to be around $500,000.
What is Candi App?
Candi App is a social networking platform that allows regular people to connect with their favorite celebrities through Zoom calls. This unique concept piqued our interest, and we have been keeping tabs on the company’s progress ever since.
The founders of Candi App are Keithan and Quiante Hendrick, who launched the company in December 2019, just before the COVID-19 pandemic hit.
Candi App simplifies the signup process for celebrities, as each one is assigned an official to assist them with the setup. The founders pride themselves on providing a service that allows for real-time interaction between fans and celebrities, without relying on pre-recorded content, and they do not hide any additional fees.
To use Candi App, simply go to the website and select a celebrity, and the Candi team will arrange a Zoom call. Each call typically lasts five minutes but can be extended for an additional fee. The platform features hundreds of celebrities and influencers from a variety of fields, including sports, entertainment, entrepreneurship, and culinary arts, such as Sisqo, Tori Spelling, Rod Woodson, and Chaka Khan.
Calls are priced between $30 and $100, but can sometimes exceed $400, depending on the celebrity’s popularity. It’s safe to assume that the majority of the fee goes to the celebrity, with Candi App taking a percentage.
Currently, Candi App relies on Zoom for video calls, and there is no app available. However, the website works well on smartphones, and an app would enhance the user experience.
Candi App Shark Tank pitch
Keithan and Quiante Hendrick pitched their social media network, Candi App, on Shark Tank episode 1312. They were seeking $500,000 in exchange for a 15% stake in their company, which was valued at $3.3 million.
Despite describing their operations and earning $100,000 since launching in April 2020, none of the Sharks were interested in investing. The founders wanted the funding to develop an app, hire phone salesmen, and expand their marketing.
However, the company continued to operate after the show, with hundreds of celebrities and influencers on the platform, classified according to their field of expertise.
Prices for a session with a celebrity range from $1 to over $500, depending on their level of fame. Keithan and Quiante have been promoting the platform on social media, which may lead to increased success in the future.
During their Shark Tank pitch, Keithan and Quiante Hendrick sought a $500,000 investment for a 15% stake in their company, Candi App. The company, which was valued at $3.3 million, connects users with influencers and celebrities on a social media network.
Despite earning $100,000 since launching in April 2020 and having a variety of celebrities and influencers on the platform, none of the Sharks were interested in investing. The founders were hoping to use the investment to develop an app, hire phone salesmen, and expand their marketing efforts.
Despite not receiving investment from the Sharks, Candi App continued to operate after the show. The platform features hundreds of celebrities and influencers, categorized by their area of expertise, with prices ranging from $1 to over $500 for a session.
Keithan and Quiante have been promoting the platform on social media, which could lead to future success.
Competitors of Candi App
There are many similar Apps as Candi in the market, these are; FaceTime, Skype, Facebook Live, Google Duo, and Instagram Live.
Net Worth of Candi App
The company valuation was $3.3 during and after the pitch. Since then the company is still operating and hence the company’s net worth might be higher than that of the pitch.
Candi App FAQs
What is Candi App?
Candi is a one-of-a-kind social networking app that connects everyday people with their favorite celebrities via zoom calls.
Who is the founder?
Candi App was founded by Keithan and Quiante Hendrick. They launched the firm in December 2019 just prior to the outbreak of the Covid-19 virus. The platform enables celebrities and influencers to engage directly with their audience.
How much were they seeking on Shark Tank?
They were seeking for $500,000 for 15% stake in the business, which would be worth $3.3 million.
Did they have the deal?
No, they didn’t have the deal. In fact, they never even got the chance to close their pitch.
Is Candi App still in business?
Yes, Candi is still in business as of February 2022.
How does Candi App work?
Candi App connects users with their favorite celebrities via Zoom calls. The app lets them select a celebrity and the Candi team will arrange for a Zoom call. Each call lasts around five minutes, but may be longer if users spend more money.
How much does Candi App cost?
The cost of each session varies according to the celebrity’s fame status, ranging from $1 to more than $500.
What products are they selling?
They are selling Candi clips, calls and merchandise. These include videos and pictures of the celebrities doing what they want them to do for users.
How long is Candi App conversation takes?
The call lasts around five minutes, but may be longer if the user spends more money.
What are the characteristics of Candi App?
Candi is a one-of-a-kind social networking app that connects everyday people with their favorite celebrities via zoom calls.
How do I pay for Candi App?
Candi App users can make payments via PayPal, Bitcoin or Litecoin.
Do I need to install Candi App?
Users must download the Candi app in order to access their favorite celebrities via the app.
Is Candi App available on mobile?
Yes, Candi is available on mobile.
Do I need to have a device to use Candi App?
Yes, users will need a device to use the app.
Where can I install Candi App from?
Candi App is available for download on their official website.
What is the navigation for Candi App?
It is easy to navigate through the app. Users have an option of selecting a celebrity, follow them and also view their content.
How many celebrities are on Candi App?
A lot of celebrities are on Candi. Some of these include: Tyrese Gibson, Lucien Laviscount, Masika Kalysha and many more.
Is there any benefit for people using Candi App?
Yes, users can make money by referring friends to use Candi App and earn 20 percent commission on every sale.
How is the business model of Candi App?
The business model of Candi App is to connect users with their favorite celebrity via Zoom calls.
What is the net worth of Keithan Hendrick?
The net worth of Keithan Hendrick is not available.
What is the net worth of Quiante Hendrick?
The net worth of Quiante Hendrick is not available.
