Cashmere Hair Shark Tank Net Worth 2023
Cashmere Hair appeared on Shark Tank with a valuation of $300,000. As of 2022, its net worth is $5 million. Rachel Bernstein, one of the entrepreneurs behind Cashmere Hair, has a net worth of $2.5 million as of 2023.
The company was seeking a $45,000 investment in exchange for 15% stock during its Shark Tank pitch, but it did not receive a deal from any Sharks.
Cashmere Hair is known for producing high-quality hair extensions that are popular among celebrities and other customers.
What is Cashmere Hair? Who is the Founder of Cashmere Hair?
Cashmere Hair is a company that specializes in providing top-quality clip-in hair extensions to enhance the length and fullness of one’s hair.
Their extensions are made of 100% Remy human hair, which means the hair cuticle remains fully intact, giving the hair a luscious and full-bodied look.
With over 22 different colors and lengths to choose from, their extensions can be quickly added and styled to achieve a desired look.
In 2013, Rachel Bernstein and Melissa Barone, who worked as a makeup artist, model, and celebrity hairstylist, respectively, founded Cashmere Hair after struggling to find high-quality hair extensions for their own use.
Their desire for a solution prompted them to become entrepreneurs and develop their own line of high-quality extensions.
After much experimentation, they finally found a solution that met their expectations and began wearing the extensions in public, receiving numerous compliments.
Today, Bernstein and Barone remain the CEOs of Cashmere Hair, which continues to thrive as a provider of top-quality clip-in hair extensions.
Cashmere Hair Shark Tank Pitch
Rachel Bernstein and Melissa Barone appeared on Season 5, Episode 12 of Shark Tank to seek a $45,000 investment in their company, Cashmere Hair, in exchange for 15% ownership, which valued the company at $300,000.
During their pitch, Rachel took off her hair extensions to demonstrate how to remove and reattach them properly, and the Sharks were impressed with the quality of the Indian hair used in the extensions.
Cashmere Hair extensions cost $105 per piece and retail for $399. The ladies claimed to have made $38,000 in sales within six months of starting the business.
While some of the Sharks were skeptical about the product, the ladies were able to build a successful online presence and maintain their business.
Mark decided not to invest in the company, and Daymond, Robert, and Lori also opted out. Kevin was unable to see the potential for growth and left, while Mr. Wonderful was concerned about false advertising.
However, Cashmere Hair continued to thrive through their online presence, education resources, and accessory offerings. As of August 2021, the company is still operational and generates $5 million in annual revenue.
Cashmere Hair Net Worth
On the Shark Tank, the owners were requesting a $45,000 investment in return for 15% stock in ‘Cashmere Hair. This equates to a $300,000 appraisal valuation.
Cashmere Hair Competitors
Cashmere Hair competitors are as follows; Bellami Hair, Luxy Hair, Donna Bella, Mayvenn, Prarvi Hair, Babe Hair Extensions, Hair Locs International, Hair Extension Dreams, TheDreamHair, Beautyforever and Black Show Hair Investors.
Cashmere Hair FAQS
What is Cashmere Hair?
Cashmere Hair is a high-quality hair extension, made entirely of human hair that is all Remy.
Who are the founders of Cashmere Hair?
Rachel Bernstein and Melissa Barone founded Cashmere Hair in 2013.
How much were they asking in the Shark Tank Pitch?
The ladies were asking for $45,000 in return for 15% stock in ‘Cashmere Hair.
Did Cashmere Hair get a deal on Shark Tank?
No, they did not get an investment from the Sharks.
How do they contact Cashmere Hair customer service?
The best way to contact Cashmere Hair customer support is through their web form, or via email at [email protected]
Is cashmere hair still in business?
Cashmere Hair is still a success today and is one of the market’s leading hair extension companies.
It presently sells its items through its website, where they have a rating of about 4.5 stars based on 4,705 reviews. As of August 2021, it has $5 million yearly sales.
Will Cashmere Hair Extensions damage their hair?
Unlike regular salon extensions, there will be no harm (beaded, tape-ins, hand tied wefts, etc.)
Why is Remy hair more expensive?
The pricing is one clue that they have high-quality Remy hair. It is the most costly form of hair and the cost continues to rise. Remy hair extensions are more natural-looking and appear to be the individual’s own hair.
What colour do they choose?
When selecting a colour to match their own hair, they should select a shade that complements their hair from the centre to the ends.
Never let them select the colour of their “roots,” as they are frequently a different tint.
What are Swatches?
Swatches are a little amount of hair that are not clipped on or attached to the wearer’s head. Swatches will aid customers in matching their natural hair colour to the right shade of Cashmere Hair.
Can they purchase individual pieces/tracks of Cashmere Hair Extensions?
Cashmere Hair Extensions are not available in individual tracks; they are only available in entire packages that comprise many tracks.
How often should they wash their Cashmere Hair?
It is not required for the majority of people to wash their extensions after each use.
How can they style Cashmere Hair?
Cashmere Hair is 100% human hair that may be heated with a flat iron, curler, crimper, blown dried, or air dried just like natural hair.
Can they cut Cashmere Hair Extensions?
They advise them to have their extensions cut by a professional who is skilled in cutting hair extensions.
They will look great and natural if they are cut to mix in with their hair.
Is Cashmere Hair processed?
Cashmere Hair undergoes minimum processing. Their delicate CASHMERE dying procedure preserves the hair’s integrity, resulting in brilliant colour and long-lasting hair.
Can they tone/use purple shampoo on Cashmere Hair?
They advocate against the use of toner, purple shampoo, and colour depositing products on Cashmere Hair.
They will not accept refunds or exchanges on hair extensions treated with dye, toner, or colour depositing shampoos/conditioners/products under any circumstances.
Will Cashmere Hair Extensions stay in their hair, without slipping out?
Not to fear, even with fine hair, their extensions will not fall out on their own. Clip-in extensions are a more secure alternative to other forms of extensions.
Cashmere Hair employs the highest quality clips to guarantee that the hair is secured firmly for optimal comfort and safety.
Where can they purchase the Cashmere Hair extensions?
They can purchase the Cashmere Hair extensions online via the official website.
What are Cashmere Hair extensions made of?
They are 100% Remy human hair.
Is cashmere hair good?
Cashmere Hair is a provider of premium hair extensions. Hair colour, texture, clip quality, thickness, and length were all perfect.
Additionally, the hair extensions lasted quite a while and did not simply fall out.
How long do cashmere hair extensions last?
6 to 12 months.
