Nohbo Shampoo Shark Tank Net Worth 2023

Stern initially believed that his business was worth $500,000. When he asked for $100,000 in exchange for a 20% ownership stake, this implied a valuation of $500,000 for the entire business.

However, when Mark made an offer to invest $100,000 in exchange for a 25% ownership stake, Stern accepted this offer.

This resulted in a new valuation of the business of $400,000, because Mark’s 25% stake was equivalent to $100,000 in value, and this represented a larger portion of the total value of the business than Stern had originally anticipated.

What is Nohbo Shampoo? Who Founded Nohbo Shampoo?

A water-soluble ball is utilized to encase personal care products like shampoo. The Nohbo ball is an example of such a ball, which contains a single-use portion of shampoo, conditioner, or soap.

Once the one-inch-diameter ball comes into contact with water, the membrane covering it disintegrates, releasing a semi-dry substance that quickly forms a lather when mixed with water.

Nohbo Shampoo’s founder, Benjamin Stern, intends to sell his own products initially, using the Nohbo balls but eventually plans to license the technology to prominent corporations.

In October 2016, he will initiate a trial with several large hotels, with the objective of having everything running smoothly by then. Stern, who was 16 years old at the time, was inspired by a movie on plastic pollution in his 9th-grade classroom and subsequently came up with the idea for Nohbo balls after being inspired by his mother’s laundry detergent pods as a potential solution for transporting personal care products.

Nohbo Shampoo Shark Tank Pitch

Benjamin attempted to use Kickstarter to raise funds for his product, but he was unsuccessful. Instead, he borrowed money from family and friends, depleted his college fund, and received $20,000 worth of pro bono legal assistance from a local company. He hired a scientist to create the product and obtained multiple patents.

Benjamin, who lives with his mother and grandmother, began his venture with an investment from his grandmother, whom he calls Bubbe.

He seeks to address the issue of plastic waste caused by bottled washroom goods and wants his product, NOHBO, to be available in every shop in the United States. He is looking for a $100,000 investment for a 20% stake in his company, which values it at $500,000.

NOHBO is a shampoo ball that eliminates the need for plastic bottles and is less expensive. Benjamin is working on a novel product distribution method that he intends to sell to large corporations. He is currently pressing the balls by hand and believes that the patent is valid.

On Shark Tank, Lori advises against selling a product unless it has been licensed, and she is out. Mr. Wonderful believes in the importance of patents but decides not to invest.

Robert offers to pay $100,000 for a 20% stake in the patent if it is approved, while Barbara offers $100,000 in exchange for a 20% stake in Estee Lauder if they agree to a deal with Benjamin. Mark offers $100,000 for a 25% stake in Benjamin’s company, which he accepts.

With Mark’s help, NOHBO gets off to a great start, but there are some delivery delays and other issues along the way. In 2018, Benjamin switched from using powdered balls to gel drops, which he renamed NOHBO Drops.

He has 76 million purchase orders across Europe for the next four years and has recently raised $3.5 million in venture capital. Mark believes that the company has the potential to grow to a $100 million firm in the next few years.

Nohbo Shampoo Net Worth

Stern valued his business at $500,000 when he asked for $100,000 for a 20% stake but he accepted Mark’s offer of $100,000 for a 25% stake thus bringing the value to $400,000.

Nohbo Shampoo Shark Tank Updates

NOHBO Balls is a water-soluble ball that contains shampoo, conditioner, or soap inside. Each ball contains enough product for a single use. When the ball is put under running water, its membrane dissolves and releases a semi-dry substance that lathers easily with the water.

NOHBO Balls were created by Benjamin Stern, who was inspired by his mother’s laundry detergent pods and figured he could put shampoo and other personal products into a similar delivery system.

Benjamin Stern appeared on Shark Tank in episode 717 to pitch NOHBO Balls. Mark Cuban offered to invest $100,000 in NOHBO for 25% of the company. In 2020, Cuban traveled to Florida to film an update on Stern and his company.

NOHBO had hired 12 employees and obtained three patents. In Season 11, a NOHBO update revealed that a new factory was being used for the products close to Melbourne, Florida, which helped reduce costs.

NOHBO currently works with more than 60 personal care product companies, and the company has added various products during its journey. NOHBO rebranded itself as Nohbo. Nohbo Balls are still in business, and the company is an eco-friendly alternative to plastic shampoo bottles.

Nohbo Shampoo Shark Tank Net Worth 2023

DESCRIPTION	VALUE
Original Valuation	$500,000
Valuation with Mark’s Offer	$400,000
Investment	$100,000 (25%)
Founder	Benjamin Stern
Shark Tank Investors	Mark Cuban, Robert Herjavec, Barbara Corcoran
NOHBO Product	Water-soluble ball containing personal care products
NOHBO Competitors	Schmidt’s Naturals, Better Living Products, Bruemate, Molly’s Suds
NOHBO Updates	Rebranded as Nohbo, added new products, a factory near Melbourne, FL
NOHBO Net Worth	$400,000 (as of 2023)

Nohbo Shampoo Competitors

Schmidt’s Naturals, Better Living Products, Bruemate, and Molly’s Suds are among Nohbo’s main competitors.

Nohbo Shampoo FAQS

What Is Nohbo Shampoo Shark Tank?

Nohbo is a company that produces water-soluble balls for packaging shampoo and other personal care products.

The idea for Nohbo Balls came from Benjamin Stern, who was inspired by his mother’s laundry detergent pods and figured he could put shampoo and other personal products into a similar delivery system.

Each ball contains enough product for a single use, and when the approximately one-inch diameter ball is put under running water, its membrane dissolves and releases a semi-dry substance that lathers easily with the water.

Nohbo Balls were pitched on Shark Tank in season 7 by Benjamin Stern, who asked for $100,000 for 20% equity. Mark Cuban invested $100,000 for 25% equity in the company.

In 2018, Nohbo released its Drop line, which includes single-use, water-soluble drops for personal care products. The drops are comprised of an outer film utilizing water-soluble technology and a moisturizing base of shampoo, conditioner, body wash, or shaving cream.

Nohbo’s mission is to eliminate as much plastic as possible to combat the harmful effects of pollution.

The company seeks to replace plastic bottles in every bathroom across the US. In 2022, a Nohbo update revealed that a new factory was being used for the products close to Melbourne, Florida, which helped reduce costs.

How Does Nohbo Shampoo Shark Tank Work?

Nohbo is a single-use, eco-friendly shampoo ball that contains shampoo, conditioner, or soap inside a dissolvable membrane.

Each ball contains enough product for a single use, and when the approximately one-inch diameter ball is put under running water, its membrane dissolves and releases a semi-dry substance that lathers easily with the water. The product is cheaper than its bottled competition.

Nohbo was invented by Benjamin Stern, who was inspired by his mother’s laundry detergent pods and figured he could put shampoo and other personal products into a similar delivery system.

Stern invented the plastic bottle-less Nohbo Ball when he was 16 years old. He successfully pitched his innovative product to billionaire investor Mark Cuban on ABC’s “Shark Tank” in February 2016.

In August 2018, Nohbo relaunched with Nohbo Drops, liquid pods that contain 5 milliliters of shampoo, conditioner, body wash, or shaving cream.

Per instructions, users mix each drop with water for 3 or 4 seconds while rubbing their hands together, and the biodegradable casing melts away. Nohbo partnered its manufacturing business in.

Nohbo’s mission is to eliminate as much plastic as possible to combat the harmful effects of pollution.

What Happened To Nohbo Shampoo After Shark Tank?

Nohbo is a material packaging startup company that creates one-time usage products in a podded form that are water-soluble.

Nohbo was created by 16-year-old entrepreneur Benjamin Stern of Melbourne, Florida, who appeared on Shark Tank to garner entrepreneurial support for his product. Nohbo essentially is a small ball containing shampoo, conditioner, or body wash contained within a dissolvable membrane.

Each ball has enough product for exactly one use, meaning there is no waste. The sharks on Shark Tank were impressed with the product, and Mark Cuban offered to invest $100,000 in Nohbo for 25% of the company.

After the show, Nohbo attracted a lot of customer attention, and the deal between Mark and Ben was closed. Mark Cuban loved Ben and saw a young Mark in him. Nohbo added various products to its line and currently works with more than 60 personal care product companies.

In 2022, Nohbo was using a new factory for its products close to Melbourne, Florida, which helped reduce costs. The estimated net worth of Nohbo Shark Tank is $8 million.

Is Nohbo Shampoo Shark Tank Still In Business?

Yes, Nohbo Shampoo Shark Tank is still in business. Nohbo is a material packaging startup company that creates one-time usage products in a podded form that are water-soluble.

The company was founded by Benjamin Stern, who appeared on Shark Tank in 2016 when he was 16 years old. On the show, Mark Cuban offered to invest $100,000 in Nohbo for 25% of the company.

In 2020, Cuban traveled to Florida to film an update on Stern and his company, and as of 2022, Nohbo continues to grow.

Nohbo’s shampoo balls are designed to reduce plastic waste. Each ball contains shampoo, conditioner, or body wash within a dissolvable membrane, providing enough product for exactly one use, which means there is no waste.

Nohbo currently works with more than 60 personal care product companies, and the company has added various products during its journey and rebranded itself as Nohbo Drops. The estimated net worth of Nohbo Shark Tank is $8 million.

Despite some challenges, such as being unable to bring the Nohbo Balls to market, Nohbo is still in business and continues to grow.

The company has added new products, expanded its line of products, and reduced costs by using a new factory close to Melbourne, Florida. Nohbo is still seeking investment to help with distribution and licensing.

What Is The Current Valuation Of Nohbo Shampoo After Shark Tank?

Nohbo is a sustainable beauty and personal care technology company that produces single-use, dissolvable personal care drops for shampoos, conditioners, body washes, and shaving creams.

The company was founded in 2014 by Benjamin Stern, who saw a documentary in his ninth grade about the harmful effects of plastic on oceans and sea plants, and animals.

Nohbo’s patented pods replace the need for plastics outright in an industry flooded with it by encapsulating products in water-soluble films, enabling customers to buy and use bottle-less shampoo.

Nohbo appeared on Shark Tank in February 2016, where Stern asked for an investment of $100,000 in exchange for 20% equity in his business. The valuation of Nohbo on the show was $5,000,000, which was brought down by Mark Cuban to $4,000,000. As of 2022, Stern has a net worth of $8 million.

In March 2023, Nohbo announced that it had raised $3 million in a Series Seed funding round.

The company is at the forefront of research and development for podded personal care products, utilizing the most advanced water-soluble films and compatible bases that lead to excellent and novel washing experiences.

Nohbo’s Shark Tank Update episode will re-air on ABC on Saturday, March 28th at 8:00 PM EST.

Is Nohbo protected by a patent?

The NOHBO Ball is a little ball that contains shampoo, conditioner, or soap.

Each ball holds enough product for a single application. He obtained multiple patents after hiring a scientist to create the product.

What are Nohbo balls, and what do they do?

Nohbo Ball is a shampoo ball wrapped in plant-based material that does away with the need for a plastic container. Water or friction activates the ball.

Who manufactures Nohbo products?

Stern: “NOHBO is manufactured right here in my state, and we’re almost entirely created and processed here in Florida.”

Where does Nohbo Shampoo originate from?

Florida: “We manufacture the product in our factory located in Melbourne, Florida.

We started with a prototype and then we partnered with a chemist who helped us to create the final product.

He did all the research and development while I took care of all other aspects.

Is Nohbo Shampoo eco-friendly?

It is made from biodegradable and recyclable materials and they utilize recycled PET plastic.

They also use 80% less water than traditional shampoos, but they never need to be thrown away.

Who created Nohbo?

Benjamin Stern who hails from Melbourne, Florida, is the CEO and founder of Nohbo.

Nohbo is made of what?

Genomatica’s natural BrontideTM butylene glycol is used in NOHBO Labs’ new collection of eco-friendly products.

Brontide is created from a sustainable and renewable sugar fermentation process and is a vital element that permits the drop to remain fully encased until it comes in contact with water or friction.

Do Nohbo Shampoo balls attach to my hair?

The NOHBO ball is made of plant-based material that pushes against your hair as soon as it comes in contact with water or friction. The balls last for four to six weeks.

What was the deal with Shark Tank?

Nohbo Shampoo secured a deal worth $100,000 for 25% equity of his business when they appeared on Shark Tank with Mark Cuban.