Glow Recipe Shark Tank Net Worth 2023
Glow Recipe appeared on Shark Tank in 2015, seeking an investment of $425,000 for a 10% stake in the company. Robert Herjavec offered to invest $425,000 for a 25% stake in Glow Recipe, and the founders accepted his offer. The valuation of Glow Recipe was $4.25 million when it appeared on Shark Tank. However, they opted to pass on the deal and continued to grow their business independently.
As of 2022, Glow Recipe’s net worth is estimated to be $23-30 million. The company has experienced triple-digit growth since its appearance on Shark Tank in 2015.
In 2017, Glow Recipe had sales of $18.7 million and by 2021, the company had surpassed $100 million in sales. They have also expanded their product line beyond curating Korean beauty products to creating their own products.
What Is Glow Recipe?
Glow Recipe is a skincare company that draws inspiration from South Korean beauty practices. They specialize in creating natural products infused with fruit extracts to help brighten the skin quickly. By incorporating enjoyable skincare routines, Glow Recipe helps customers remain invested in maintaining the health of their skin.
The company’s products are designed to be cruelty-free, easy to use, and free of harsh chemicals. In 2014, Glow Recipe launched its first product line, with founders Sarah Lee and Christine Chang leading the way.
Sarah and Christine have extensive experience in the beauty industry, having worked in both the United States and South Korea. Their appearance on Shark Tank in 2015 helped them gain widespread recognition, with their passion for sharing their knowledge of Korean beauty trends shining through.
With over two decades of experience in the cosmetics industry, the founders decided to create their own brand. The concept for Glow Recipe was born during a self-care session, with Sarah and Christine eager to offer their skincare expertise to others.
What Happen To Glow Recipe At The Shark Tank Pitch?
Glow Recipe does not create its own products; instead, it curates a diverse collection of cosmetic items from various brands.
To ensure that the products meet their standards, the company conducts a rigorous due diligence process on the brands, ingredients, and business practices before selecting and testing each product on different skin types. After testing, the products undergo a three-month probation period to gauge customer feedback.
Glow Recipe’s skincare line includes a wide range of products, from cleansers and exfoliators to lip treatments and sun care. However, the products are quite expensive, with some, such as the Velvet Yam Pressed Serum, retailing for $49.
Sarah and Christine appeared on Shark Tank to seek a $425,000 investment in exchange for a 10% stake in their company. They explained that their goal was to make Korean beauty accessible to everyone, as it is the next big thing in the United States.
They handed out samples of their products, including a waterless mist and pressed serum, to the Sharks and demonstrated a sea-kelp face mask.
When asked about their sales, Sarah revealed that the company had generated $3,000 in revenue in the first two months and increased it to $550,000 in 2015, with a projected revenue of $1 million by the end of the year. The company uses YouTube to educate people about their products and has 1,000 subscribers and 250,000 views.
The Sharks made several offers, with Barbara offering $425,000 for a 40% ownership, Mr. Wonderful offering $425,000 in exchange for a 50% ownership, and Robert offering $425,000 for 30%. Lori decided not to invest, citing the highly competitive market.
The women countered with an offer of 18%, and Robert countered with 25%. After some negotiation, they agreed on a $425,000 investment in exchange for a 25% ownership stake, resulting in a $1.7 million valuation for the business.
Glow Recipe After The Shark Tank Pitch?
Despite the fact that the firm never finalized the contract with Robert, it still remains in operation. In 2017, they launched their products at Sephora, a global beauty retailer with more than 2700 locations.
They also have a significant presence on Amazon, and as of 2021, they generate approximately $30 million in annual revenue.
Glow Recipe Net Worth
Sarah and Christine pitch the Shark Tank for $425,000 in exchange for a 10% stake in their firm.
This results in a $4.25 million value. They accepted an offer from Robert of $425,000 for 25% which brings valuation to be $1.7 million.
Glow Recipe Competitors
Top Competitors of Glow Recipe includes;
Wishtrend, Cult Beauty, BeautyMNL, Beauteque, Cosme De, Adore Beauty and LovelySkin.
Glow Recipe FAQS
What happened to Glow Recipe after shark tank?
Sales increased to $1 million the next month and to $18.7 million in 2017. Glow Recipe saw triple-digit growth following their debut on Shark Tank in 2015.
AS of 2021, the company expects to sell $30 million worth of cosmetic items through Sephora.
Is Glow Recipe still operational?
Glow Recipe, a skincare brand that sells fruit-infused products, is still in business.
Customers may purchase the company’s items directly from the company’s website, as well as through boutique stores, pharmacies, and Amazon.
Is Glow Recipe actually good?
According to a research done by Glow Recipe, 100% of 36 participants agreed that their skin felt hydrated after using the Glow Recipe Plum Plump Hyaluronic Serum, and 94% stated that the product made their face feel soft, smooth, radiant, and plumper.
Who owns the Glow Recipe brand?
Meet Sarah Lee and Christine Chang, their Favourite Skincare Company’s Founders. Korean beauty products are quite popular in the United States.
Is K Beauty Glow Recipe?
Glow Recipe is a K-beauty company that creates natural, fruit-infused skincare products that work to bring out their inner glow.
All of its products are 100 percent natural and cruelty-free, making it simple to look nice while also feeling good.
Where is the Glow Recipe manufactured?
Refinery 29 visits Glow Recipe’s facility in South Korea with host Mi-Anne Chan to learn about the brand’s Watermelon Glow Sleeping Mask.
From where does glow recipe ship?
Glow Recipe ships from the Northeastern United States of America.
Is glow recipe on Amazon legit?
Each *GLOWING* review for this product is 100% genuine. They reside in the Mojave Desert and apply this mask nightly and again in the morning, softly.
Is Glow Recipe an American brand?
Numerous firms are cashing in on the excitement surrounding clean, dewy skin and the movement’s unwavering commitment to skincare over cosmetics.
However, for co-founders Christine Chang and Sarah Lee, both of whom are Korean-American, “K-beauty” is more than a marketing craze — it was a vital part of their childhoods.
Is the Glow Recipe available in Canada?
Glow Recipe also ships to Canada with DHL International Standard.
This service has tracking capabilities. First class mail takes 515 working days and costs $17.50 each order.
Additionally, they provide free standard delivery to Canada on purchases over $100.
Is Glow Recipe’s delivery free?
Glow Recipe offers free standard delivery on orders of $35 or more. Purchases of $100 or more qualify for free expedited delivery.
Is it necessary to refrigerate the Glow Recipe?
While all Glow Recipe products are designed to be stable and effective at room temperature.
An important consideration given that clean products typically do not contain a lot of preservatives. Strategically storing their favourites can help ensure they’re getting the maximum benefit.
Is fragrance used in Glow Recipe?
Sensoriality, they feel, is critical to enjoying and utilizing skin care.
They never use more than 0.5 percent synthetic fragrance in their face skincare formulae and wherever feasible, they utilize scents derived from natural components or perfumes made from edible materials.
What distinguishes the glow recipe?
They create gentle yet effective formulas that are unmatched in their ability to deliver clinically proven results.
They formulate with the highest-quality ingredients, including antioxidant-rich fruit extracts and clinically proven actives, but what is left out is just as critical as what is included.
How do they use Glow Recipe?
To use as a sleeping mask, follow these instructions: As the final stage of the night-time regimen, apply two scoops or a thick coating to the skin.
For skin types with drier skin, apply an additional dime-sized quantity to the skin.
Ensure that they gently pat, not massage, the mask into their skin until it is absorbed, and that they completely wash their face in the morning.
What is the net worth of Sarah Lee?
What is the net worth Christine Chang?
Where is glow recipe located?
Glow Recipe Skincare can be found at the following retailers: Sephora. Sephora in JC Penny.
Did glow recipe get an investment from the Shark Tank Pitch?
Yes. Sarah and Christine got an investment of $425,000 from Robert Herjavec in exchange for 25% equity in their business.