Eco Nuts Shark Tank Net Worth 2023
Eco Nuts, a company worth $1.3 million at the time of its pitch in 2020, had seen significant success in terms of sales and revenue generation and had achieved an annual revenue of $1 million by 2021.
However, despite their successes, they announced that they would cease operations in March 2022 as orders were no longer accepted from that point forward.
Consequently, Eco Nuts is now out of business with its founders having made the decision to shut down all operations for good.
What are Eco Nuts?
Eco Nuts is a company that produces laundry soap using soap nuts, a Himalayan organic fruit and is committed to environmentally friendly and sustainable practices. The company also offers natural cleaning powder, reusable bamboo paper towels, lavender, and liquid hand soap.
The founders of Eco Nuts are Mona Weiss and Scott Shields, who had prior experience as entrepreneurs. Mona worked as an art director after previously performing on Sesame Street, while Scott, who was also an actor, had always been passionate about reducing the use of harmful plastics and chemicals.
In 2009, Mona discovered soap nuts as a potential solution for an organic, hypoallergenic, and eco-friendly laundry detergent, but was disappointed to find them packaged in plastic. This led to the idea of sourcing soap nuts and packaging them in eco-friendly materials to sell through various channels, such as online, at fairs, and in stores.
Eco Nuts gained recognition for its commitment to environmental stewardship and sustainable practices. Their detergent effectively cleans clothes without harsh chemicals, and the soap nuts also act as a natural fabric softener.
The company uses only natural ingredients and recyclable packaging and has developed a process to remove the seeds from soap nuts which can leave stains and germs.
What Happened to Eco Nuts at Shark Tank Pitch?
Mona Weiss and Scott Shields made an appearance on Shark Tank with the intention of securing a $175,000 investment for a 15% stake in their company, Eco Nuts. They valued their business at $1.2 million.
Eco Nuts is a brand that offers environmentally-friendly cleaning products made from soap berries or soap nuts, which are organic Himalayan berries that produce natural soap. The company’s products are packaged with minimal plastic and can be used for multiple laundry loads, thus saving both money and the environment.
During their pitch, Mona and Scott revealed that they had earned approximately $100,000 in 2011 and $250,000 in 2012 through social media marketing.
Despite this, none of the Sharks expressed interest in investing in the company. Some questioned the size and potential of the market, while others disagreed with the company’s valuation. Consequently, Mona and Scott left the show without a deal.
After their appearance on Shark Tank, Mona, and Scott worked hard to prepare for the launch of their new laundry detergent. Despite being very busy, the couple remained dedicated to the business. However, they eventually broke up in 2015, and Mona departed from the company.
Eco Nuts went on to win the Best New Green Product award at a trade show and was recognized as a leader in natural and organic products.
The company continued to expand its product line, introducing items such as dryer balls, liquid detergents, personal care products, and essential oils. Despite the challenges they faced, the company remained successful, earning $1 million in 2021.
Net Worth of Eco Nuts
The company’s valuation was $1.3 million at the time of the pitch. Since then, the company has achieved sales and generated annual revenue of $1 million, resulting in an increase in its valuation in 2021.
Eco Nuts Shark Tank Updates
Eco Nuts is a line of organic, all-natural soaps that harness the power of “soap berries” or soap nuts, which come from the Himalayan Lychee tree.
Mona Weiss and Scott Shields pitched their business to the Sharks in episode 406 of Shark Tank, seeking $175k for a 15% share in their business.
They did about $100k in sales in 2011 and $250k in 2012. The Eco Nuts laundry detergent cleans clothes without harsh chemicals and can be used ten times per soapberry.
The Sharks were not interested in investing in Eco Nuts, and no deal was made. However, the popularity of Eco Nuts skyrocketed after Scott and Mona’s appearance on Shark Tank, and the company generated $1 million in sales annually as of July 2021.
Despite their success, Eco Nuts announced that they would cease operations in March 2022 as orders were no longer accepted from that point forward. The company was worth $1.3 million at the time of its pitch in 2020 and had achieved an annual revenue of $1 million by 2021.
Eco Nuts used only natural ingredients and recyclable packaging and had developed a process to remove the seeds from soap nuts, which can leave stains and germs. The product is still available for purchase on Amazon for $7 per pouch.
Eco Nuts Shark Tank Table Summary:
| INFORMATION | DETAILS |
| Company Name | Eco Nuts |
| Product Line | Laundry soap using soap nuts, natural cleaning powder, reusable bamboo paper towels, lavender, and liquid hand soap |
| Founders | Mona Weiss and Scott Shields |
| Year Founded | 2009 |
| Annual Revenue | $1 million in 2021 |
| Company Worth | $1.3 million at the time of its pitch in 2020 |
| Company Status | Ceased operations in March 2022 |
| Net Worth (2023) | Not applicable, the company is no longer in business |
| Business | Produces laundry soap, natural cleaning powder, reusable bamboo paper towels, lavender, and liquid hand soap |
| Shark Tank Pitch | Sought $175,000 investment for 15% stake in 2012, but did not get a deal |
| Valuation | $1.3 million (2020) |
| Revenue | $1 million (2021) |
| Reason for Closure | No longer accepting orders |
Eco Nuts FAQs
What Are Eco Nuts And How Does It Work?
Eco Nuts is an organic, all-natural laundry detergent made from dried berry shells from the Sapindus mukorossi tree. These shells contain a natural soap called saponin, which has been used for centuries in Asia for laundering clothes.
Eco Nuts are gentle and safe for people with allergies or sensitive skin, and they reduce residual chemical buildup in both high-efficiency and standard washing machines. They are also safe for septic and gray water systems.
To use Eco Nuts, place 4 to 5 nuts in the included reusable wash bag and put it in your wash as you would with standard laundry detergents. Each bag of Eco Nuts can be reused up to 10 times.
Once the nuts begin to disintegrate inside of the bag, put them in the trash or the compost, rinse out the bag, and put it back in the wash.
Soap nuts, like Eco Nuts, are also made from the dried shells of the Sapindus mukorossi tree and contain saponin. When the nutshells absorb water, the saponin is released, creating a soaping effect. Soap nuts are a natural, eco-friendly alternative to laundry powder and household cleaners.
They are easy to use and are considered a good option for those with sensitive skin. However, they may not work as well on a cool wash and may not suit all laundry needs.
What Is Eco Nuts Offer On Shark Tank?
Eco Nuts is a brand that offers environmentally-friendly cleaning products made from soap berries or soap nuts, which are organic Himalayan berries that produce soap when mixed with water.
The EcoNuts laundry detergent cleans clothes without harsh detergent and the soap nuts act as a natural fabric softener too.
The company uses only natural ingredients and recyclable packaging and has developed a process to remove the seeds from soap nuts which can leave stains and germs.
Entrepreneurs Mona Weiss and Scott Shields pitched their business to the Sharks in episode 406 of Shark Tank.
They were seeking $175,000 for a 15% stake in their business, which they valued at $1.2 million. They did about $100,000 in sales in 2011 and $250,000 in 2012. However, they walked away from the Sharks without any deal.
Despite not getting a deal on Shark Tank, Eco Nuts is still in business and has seen significant success in terms of sales and revenue generation.
The company was worth $1.3 million at the time of its pitch in 2020 and had achieved an annual revenue of $1 million by 2021. Eco Nuts redesigned its product packaging after Shark Tank and released new items.
Did Eco Nuts Get a Deal?
Eco Nuts appeared on Shark Tank seeking $175,000 for 15% of their laundry detergent business. However, they did not get a deal from any of the Sharks and walked away without any investment. Despite this setback, Eco Nuts continued to expand its product line and remained successful, earning $1 million in 2021.
However, in March 2022, Eco Nuts announced that they would cease operations and shut down all operations for good1. Although the company is no longer in business, its unique product is still sold on its website.
In summary, Eco Nuts did not get a deal on Shark Tank, but they continued to grow their business and become successful. However, they ultimately decided to shut down their operations in 2022.
Is Eco Nuts Still In Business?
According to the search results, Eco Nuts was a company that sold environmentally friendly laundry detergent and fabric softener alternatives made from natural ingredients and recyclable packaging.
The company was founded by Mona Weiss and Scott Shields and appeared on Shark Tank in 2014, where they asked for $175,000 for 15% of their laundry detergent business but did not get a deal.
Despite this setback, the company continued to expand its product line, introducing items such as dryer balls, liquid detergents, personal care products, and essential oils. As of July 2021, Eco Nuts had earned $1 million in sales.
However, the search results also indicate that Eco Nuts is no longer in business. The founders of Eco Nuts announced in March 2022 that they would cease operations and orders were no longer accepted from that point forward.
As of June 2022, the company has shut down, and the founders have ceased all operations.
What Happened To Eco Nuts after Shark Tank?
Eco Nuts experienced significant success in terms of sales and revenue generation after appearing on Shark Tank. As of July 2021, the company had generated $1 million in sales annually.
However, in March 2022, Eco Nuts announced that they would cease operations and shut down all operations for good. Despite their successes, orders were no longer accepted from that point forward. The net worth of Eco Nuts was $1.16 million.
Before appearing on Shark Tank, Eco Nuts was already making great sales, earning $250,000 in sales in 2011 and 2012. The company pitched the idea of reusable tree nuts used as organic laundry soap and asked the Sharks for $175,000 for a 15% equity in their business.
Although the Sharks were not convinced or impressed enough by Eco Nuts to make an investment deal with them, the Shark Tank’s appearance in itself was enough to give the business publicity.
Eco Nuts was voted the “Best New Green Product” at the Natural Products Expo East in Baltimore and bagged a NEXTY Award in the Natural Living category.
After Shark Tank, Eco Nuts expanded its product range, introducing different types of soap nuts. The one-of-a-kind product is still available for purchase on their website and on Amazon for $7 per pouch. However, the company went out of business in 2022.
What Was the Sharks’ Feedback on Eco Nuts’ Pitch?
During Eco Nuts’ pitch on Shark Tank, the founders, Mona Weiss and Scott Shields, asked for $175,000 for a 15% equity in their business, valuing it at $1.2 million. The Sharks were not impressed enough to make a deal, with Robert Herjavec wanting 50% of the company.
The Sharks questioned the size and potential of the market, and some disagreed with the valuation of the company.
When the founders told the Sharks what percentage of the “soapberry market” Eco Nuts held, the Sharks asked how big such a market even was, and laughed out loud when the answer was only about a million dollars annually.
Despite not receiving an investment from the Sharks, Eco Nuts experienced considerable popularity from their appearance on Shark Tank, winning the “Best New Green Product” at the Natural Products Expo East in Baltimore and a NEXTY Award in the Natural Living category.
What Was The Reason For Eco Nuts Shutting Down?
Eco Nuts was a brand that sold eco-friendly laundry soaps and other products. The brand was rooted in nature and encouraged people to opt for eco-friendly alternatives to reduce their carbon footprint.
Eco Nuts consistently sold laundry soaps and launched new products, including a skincare range. As of July 2021, Eco Nuts had earned $1 million in sales. However, as of June 2022, Eco Nuts has shut down, and the founders have ceased all operations.
The reason for Eco Nuts shutting down is not explicitly stated in the search results. However, it is possible that the brand was not profitable enough to sustain its operations.
Despite the brand’s popularity and relevance, it may not have been able to generate enough revenue to cover its expenses. It is also possible that the founders decided to move on to other ventures or faced personal challenges that led to the closure of the business.
In summary, Eco Nuts was an eco-friendly brand that sold laundry soaps and other products. The brand encouraged people to opt for eco-friendly alternatives to reduce their carbon footprint.
Although the brand was popular and relevant, it shut down in June 2022, and the reason for its closure is not explicitly stated in the search results.
What is Eco Nuts’ success rate?
Every business has its own success rate, but it can learn from the mistakes of others. The key is to modify their game plan for their specific business situation.
What is Eco Nuts Business Model?
Eco Nuts produces eco-friendly cleaning products out of Acacia wood. All products are packed with less plastic.
What is the product?
Eco Nuts is a detergent made from soap nuts. This unique material can produce dry cleaning-quality laundry soap at a fraction of the energy costs while still being good for their clothes.
How does it work?
When one washes their clothes with Eco Nuts, they will notice that they come out clean and fresh and so much softer. It’s all done with natural ingredients and without any harsh chemicals or coloring agents.
Are soap nuts bad?
Soap nuts are an alternative, but may not be suitable for all laundry requirements. They wash, clean, and remove odors, and some stains.
Just a gentle wash, adds Barber. “Users may need to use a stain stick or white vinegar as a fabric softener.
What happened to eco nuts after the shark tank?
Eco Nuts redesigned its product packaging after Shark Tank and released new items including Wool Dryer Balls, Natural Laundry Detergent in a pump, Organic Surface Cleaner in a spray, Veggie Wash in a spray, and washable and reusable bamboo towels.
What is the net worth of Scott Shields?
Scott Shield’s net worth is unknown.
What is the net worth of Mona Weiss?
Mona Weiss’ net worth is unknown.
