No Mo-Stache Shark Tank Net Worth 2023
No Mo-Stache is a portable cold waxing kit designed for on-the-go people with hair emergencies. Jennifer Paschall and Gita Vasseghi appeared on Shark Tank Season 9 in 2017 to pitch their business, No Mo-Stache. They sought $100,000 in exchange for 25% equity.
The valuation of No Mo-Stache was $400,000 when it appeared on Shark Tank. The girls made a deal with Bethenny Frankel and Lori Greiner for $100,000 for 35% and a $1 royalty until $100,000 was reached.
After appearing on Shark Tank, No Mo-Stache secured distribution partnerships with major retailers including Anthropologie, Ulta Beauty, CVS, and Sephora.
Currently, they have wax strips and hair removal kits for other parts of the body available on their website. You can also purchase their products in 10,000 retail stores and online at Target, Amazon, and Ulta Beauty. As of May 2022, No Mo-Stache is doing $4 million annually. The net worth of No Mo-Stache is $1 Million as of 2022.
What Is No Mo-Stache?
No Mo-Stache is a brand that specializes in providing hair removal solutions designed specifically for men who are always on the move. They offer a range of products such as the No Mo-Stache Portable Facial Hair Removal Strips, the No Mo-Unibrow Portable Brow Wax Kit, and the No Mo-Bush Bikini Wax Body Strips.
The founders of No Mo-Stache, Jennifer Paschall and Gita Vasseghi, both hail from Los Angeles. Prior to co-founding the company, Jennifer had been running The Beauty Strip, a beauty shop in North Hollywood that focused on body waxing, lash extensions, and facials.
Apart from these products, No Mo-Stache also offers a range of other grooming goods like the All Star Cleansing Brush, No Mo-Stache Facial Razor, and the No Mo-Stache 4 Piece Skin Care Set.
Who Is The Founder Of No Mo-Stache?
Jennifer Paschall and Gita Vasseghi, both hailing from Los Angeles, teamed up to establish No Mo-Stache. Before co-founding the company, Jennifer’s professional focus centered on her ownership of The Beauty Strip, a beauty parlor in North Hollywood that specialized in services such as body waxing, lash extensions, and facials.
Having extensive experience in the beauty industry, Jennifer and Gita, a fashion executive in Los Angeles, formed a partnership and launched their company in 2012. They identified a need for a simple, safe, and portable waxing kit for women who desire a waxing treatment but prefer not to visit a salon.
The No Mo-Stache (and the slightly larger No Mo-Bush) is designed to help women quickly remove hair from the upper lip and bikini line. The process is straightforward: rub the wax strips between your palms, apply them to the targeted area, and pull. It is relatively painless and easy to use.
The No Mo-Stache product is available in packs of 24 or 40 individual strips for $12 or $16, while the No Mo-Bush product is available in packs of 16 or 32 strips for $12 or $22. Each strip comes with a package of aloe lotion for post-waxing treatment.
The products have received positive feedback online and are sold on Amazon, the company’s website, and in numerous beauty stores throughout the country, including the Sephora and Anthropologie chains.
What Happened To No Mo-Stache At Shark Tank Pitch?
Jennifer Paschall and Gita Vasseghi pitched their portable waxing kit for women called No Mo-Stache on Shark Tank Season 9 Episode 8. They hoped to gain the Sharks’ support to expand their retail presence.
The entrepreneurs asked for a $100,000 investment in exchange for a 25% stake in their company, which was valued at $400,000. They highlighted how their product is innovative and tailored to meet the needs of busy working women. They demonstrated the ease of use of their product using a model.
No Mo-Stache stands out for its small and discreet size, making it portable and easy to use. During the pitch, Mark jokingly asked why women couldn’t just shave, and Robert admitted he was unfamiliar with such products. Bethenny, on the other hand, was familiar with the product and asked how it differed from Sally Hansen Strips. The entrepreneurs explained that No Mo-Stache was smaller and more discrete.
Kevin was curious about the product’s unique features and whether it was patented. When he learned it wasn’t patentable, he was surprised at the $400,000 valuation. Mark inquired about the sales figures, and the entrepreneurs revealed that they had made $200,000 in sales in the last two years and projected $300,000 in sales for the current year.
Lori expressed disappointment with the current retail presence of the product, with only 60 out of 200 Sephora beauty stores carrying it. Sephora had discontinued the product, claiming to make way for new trends. Bethenny tried the strips on Mark’s arm as Lori discussed the potential for the product to sell well on QVC.
Kevin made an initial offer of $100,000 for a 10% equity stake and $1 per kit sold until he reached $300,000. Bethenny countered with an offer of $100,000 for 40% equity, but she proposed incorporating the company into the Skinny Girl brand and adding it to her beauty kits. Lori believed that the product would sell well on QVC and discussed other marketing strategies with Bethenny.
Jennifer then asked Lori and Bethenny if they would be willing to exchange $100,000 for a 35% equity stake. Kevin lowered his offer to $0.75 per kit sold, and when the entrepreneurs continued to negotiate, he lowered it further to $0.50.
Lori and Bethenny then offered $100,000 for a 35% equity stake with a $1 royalty per unit until the investment was repaid.
Gita and Jennifer countered with an offer of $100,000 for a 25% equity stake and a $1 royalty until they repaid $200,000. Lori and Bethenny ultimately accepted the offer, and the deal was closed with “NO MO negotiating.”
Table Summarizing: No Mo-Stache Shark Tank
| INFORMATION | DETAILS |
| Company Name | No Mo-Stache |
| Founders | Jennifer Paschall and Gita Vasseghi |
| Year Founded | 2012 |
| Product | Portable cold waxing kit |
| Shark Tank Episode | Season 9, Episode 8 |
| Valuation | $400,000 |
| Investment Sought | $100,000 for 25% equity |
| Deal | Bethenny Frankel and Lori Greiner invested $100,000 for 35% and $1 royalty |
| Partnerships | Anthropologie, Ulta Beauty, CVS, and Sephora |
| Revenue (May 2022) | $4 million |
| Net Worth (2022) | $1 million |
| Other Products | No Mo-Unibrow Portable Brow Wax Kit, No Mo-Bush Bikini Wax Body Strips |
| Other Grooming Goods | All Star Cleansing Brush, No Mo-Stache Facial Razor, No Mo-Stache 4 Piece Skin Care Set |
| Available in | 10,000 retail stores and online at Target, Amazon, and Ulta Beauty |
Note: The deal section states that the founders sought $100,000 for 25% equity, but they made a deal with Bethenny Frankel and Lori Greiner for $100,000 for 35% and a $1 royalty until $100,000 was reached.
What Happened to No Mo-Stache after Shark Tank?
After appearing on the show, Lori Greiner and Bethenny Frankel agreed to a deal with NO MO Stache to launch a new product called No Mo-Bush, which is a bikini wax product.
With the help of Lori and Bethenny, No Mo-Stache was able to secure retail partnerships with Anthropologies, Harvey Nichols, Virgin Megastore, and Ultra, and they are currently in negotiations to secure a nationwide distribution agreement with CVS.
As of December 2021, the company’s products were being sold in more than 15,000 retail stores and on Amazon, with an annual revenue of $4 million.
Competitors of No Mo-Stache
The company main competitors are; Stark and Skin Care Sally.
Net Worth of No Mo-Stache
The company was valued at $400,000 during and after the pitch. Since then the company have been doing well in sales with annual revenue of $4 million in 2021. This justify that the company net worth has elevated.
No Mo-Stache Updates
No Mo-Stache is a portable upper lip hair removal kit that provides cold wax strips, eliminating the need for a spa visit and the risk of skin burns. The product was created by Gita Vasseghi and Jennifer Paschall in 2012. The two appeared on Shark Tank in 2017, asking for $100,000 for 25% equity.
Two out of the five sharks, Lori Greiner and Bethenny Frankel, accepted their proposal with $200,000 in royalties.
Since appearing on Shark Tank, No Mo-Stache has secured distribution partnerships with major retailers, including Anthropologie, Ulta Beauty, and CVS. The company has expanded to offer several more products, like bikini-waxing strips, unibrow-waxing strips, and facial razors.
No Mo-Stache also offers a variety of bundles and subscription boxes that package multiple products together.
As of May 2022, No Mo-Stache is doing $4 million annually and its products are available on Amazon, as well as at beauty stores nationwide. The net worth of No Mo-Stache is $1 million as of 2022, with the added product lines and increased revenue.
No Mo-Stache FAQs
What Is No Mo-Stache?
No Mo-Stache is a company that offers hair removal products designed for women on the go. The company was founded in 2015 by Gita Vasseghi, who created the first-ever portable hair removal kit. No Mo-Stache’s products are safe, effective, and easy to use.
The company’s wax strips are small and discreet, making them ideal for busy women who want to remove hair quickly and easily.
No Mo-Stache’s wax strips are available for use on the upper lip and bikini line area. The strips are rubbed between the hands to warm them up, then peeled away to remove hair.
The company’s products have been featured on ABC’s “Shark Tank” and in publications such as Refinery 29, SHAPE, Elle, and Harper’s Bazaar. No Mo-Stache is available at over 10,000 retail locations worldwide, including Target and Ulta.
Since its appearance on “Shark Tank,” No Mo-Stache has expanded its product line to include bikini-waxing strips, unibrow-waxing strips, and facial razors. The company also offers bundles and subscription boxes that package multiple products together. As of May 2022, No Mo-Stache is doing $4 million in annual sales and its products are available on Amazon and at beauty stores.
How Does No Mo-Stache Works?
No Mo-Stache is a portable lip wax kit that allows women to remove hair on the upper lip area quickly and easily. The kit includes wax strips that are rubbed between the hands for 20 seconds to heat the wax, then pulled apart and applied to the skin.
The strips can remove hair from the root, leaving a smooth finish. After waxing, a post-wax aloe cream can be applied to soothe the skin.
No Mo-Stache was created by Jennifer and Gita, who saw a need for a simple, safe, and convenient portable waxing kit for women who want to have a wax treatment without going to a salon. The product is small and discreet, making it easy to use anytime and anywhere.
The wax strips are made with ingredients such as colophonium, glyceryl hydrogenated rosin, and grape seed oil.
To use No Mo-Stache, warm the wax strip in your hands, peel back the adhesive, and place it on the skin. Rub the strip in the direction of hair growth for 10 seconds, then quickly pull it off in the opposite direction.
The product is different from other waxing kits because it is smaller and more discreet. No Mo-Stache is not patented[
What Happened To No Mo-Stache After Shark Tank?
No Mo-Stache is a hair removal treatment created by Jennifer Paschall and Gita Vasseghi of Los Angeles. It is a compact, mess-free hair removal kit that leaves the skin smooth.
The product consists of waxing strips that can be easily used by any woman for removing unwanted body hair quickly without any hassle. No Mo-Stache appeared on Shark Tank in episode 905 in November 2017, asking for $100,000 for 25 percent equity.
Two out of the five sharks, Lori Greiner and Bethenny Frankel, accepted their proposal with $200,000 in royalties.
Since appearing on Shark Tank, No Mo-Stache has secured distribution partnerships with major retailers, including Anthropologie, Ulta Beauty, and CVS. The company has expanded to offer several more products, like bikini-waxing strips, unibrow-waxing strips, and facial razors.
No Mo-Stache also offers a variety of bundles and subscription boxes that package multiple products together. As of May 2022, No Mo-Stache is doing $4 million in sales. The net worth of No Mo-Stache is $1 million as of 2022, with the added product lines and increased revenue.
What Is The Current Valuation Of No Mo-Stache?
No Mo-Stache is a brand that specializes in providing hair removal solutions designed specifically for men who are always on the move.
The valuation of No Mo-Stache was $400,000 when it appeared on Shark Tank, and the girls made a deal with Bethenny Frankel and Lori Greiner for $100,000 for 35% and a $1 royalty until $100,000 was reached.
After appearing on Shark Tank, No Mo-Stache secured distribution partnerships with major retailers including Anthropologie, Ulta Beauty, CVS, and Sephora. Currently, they have wax strips and hair removal kits for other parts of the body available on their website.
You can also purchase their products in 10,000 retail stores and online at Target, Amazon, and Ulta Beauty.
As of May 2022, No Mo-Stache is doing $4 million annually. The net worth of No Mo-Stache’s founders Jennifer Paschall and Gita Vasseghi is $1 Million as of 2022.
Is No Mo-Stache Still In Business?
Yes, No Mo-Stache is still in business. No Mo-Stache was founded in 2015 by Gita Vasseghi with the goal of providing women a convenient way to remove hair on the go.
The company was featured on ABC’s “Shark Tank” and has been featured in dozens of publications including Refinery 29, SHAPE, Elle, Harper’s Bazaar, and more.
As of May 2022, No Mo-Stache is doing $4 million annually, and its products are available on Amazon, as well as at beauty stores nationwide including Sephora and Anthropologie. No Mo-Stache offers hair removal products that slip into your busy lifestyle so you can take care of body hair anywhere.
Its products are safe, effective, easy to use, and designed small to give you the most.
What is No Mo-Stache?
No Mo-Stache is a company that offers a range of waxing kits for women. There’s No Mo-Stache for the upper lip and bikini line, and No Mo-Bush for getting rid of that pesky hair in your knickers.
Who is the inventor?
Gita Vasseghi is the founder and CEO, and Jennifer Paschall is the president.
How much were asking on Shark Tank?
They were asking $100,000 for 25% stake of their company.
How much did they get from Shark Tank?
They secured a deal that saw them secure $100,000 and 25% ownership in the business and a $1 royalty until they repay $200,000 from Lori Greiner and Bethenny Frankel.
Is NO MO Stache still in business?
YES, they still have a presence in the market and they have their products in over 15,000 retail outlets and on Amazon. They are worth $4 million by 2021.
Where can I buy No Mo-Stache?
Customers can purchase No Mo-Stache products on their website or Amazon. [maxbutton id=”66″]
What is No Mo-Stache business model?
The company offers a range of waxing kits for women in the form of 24 or 40 individually wrapped strips. It also offers a bikini wax product called No Mo-Bush.
How do you use No Mo Bush?
Product description states that “It’s a super-thin non-wax strip that captures hair. Just apply, press, and lift.” The instructions also say that “Wash hands and hair with soap and water.”
Is No Mo-Stache cruelty-free?
Meet the world’s first portable wax kit, No Mo-Stache! Finally, wax that can keep up with your hectic schedule. Their wax kits are cruelty-free and devoid of artificial colors, scent, and parades.
Is No Mo-Stache vegan?
The Limited Edition No Mo-Stache Pink is Leaping Bunny Certified Cruelty-Free, Vegan, and Chemically-Free.
Can I have a beard without a mustache?
Beard styles without a mustache are nothing new. Even today, some guys with long beards opt not to grow a mustache, despite the fact that most men believe that a beard and a mustache cannot coexist. A lion’s mane is a large beard that lacks a mustache or neck hairs.
What is the net worth of Jennifer Paschall?
Jennifer Paschall net worth is unknown.
What is the net worth of Gita Vasseghi?
Gita Vasseghi net worth is unknown.
