Nohbo Shampoo Shark Tank Update | Nohbo Shampoo after Shark Tank Pitch
What is Nohbo Shampoo?
It’s a type of water-soluble ball used to package shampoo and other personal care items.
The Nohbo ball is a little ball that contains shampoo, conditioner, or soap. Each ball holds enough product for a single application.
When the one-inch-diameter ball is submerged in water, the membrane breaks, releasing a semi-dry material that readily lathers with the water.
Stern’s plan is to start by selling his own items within his Nohbo balls, but eventually he wants to license the technology to major corporations.
He’ll begin a trial run with a few significant hotels in October 2016 and aims to have everything up and running by then.
Stern, who is 16 years old, was inspired by a movie on plastic trash in his 9th grade classroom.
He started thinking about solutions and was inspired by his mother’s laundry detergent pods, which he thought might be used to transport shampoo and other personal care items.
Who Founded Nohbo Shampoo?
Benjamin Stern is the founder of Nohbo Shampoo.
What happen to Nohbo Shampoo at the Shark Tank Pitch?
He attempted to raise funds through Kickstarter but was unsuccessful.
Instead, Benjamin sought a job, borrowed money from family and friends, depleted his college fund, and received $20,000 in pro bono legal assistance from a local company.
He obtained multiple patents after hiring a scientist to create the product.
Stern is now ready to begin production. He’s probably looking for a Shark to assist with
distribution and licensing.
Ben begins with a part that takes place at home. He lives with his mother and grandmother, whom he affectionately refers to as Bubbe.
His initial investor was Bubbe. Ben claims that his generation is concerned about the environment.
Bottled washroom goods contribute significantly to trash, and he seeks the Sharks’ assistance in getting his items into every shop in the United States.
He’s looking for $100,000 for a 20% stake in the company, which brings the valuation of the company to be $500,000.
He claims to be revolutionizing the way you clean your gleaming locks.
People will never have to use plastic bottles for washroom supplies again thanks to NOHBO, and his NOHBO balls are less expensive.
Ben then uses a shampoo ball to wash Bubbe’s hair. To license the product, he needs a financial investment.
Lori rips a ball apart when he gives out samples.
With the help of someone from Clorox’s head hunting group, he created the product. Mark is astonished.
Ben had unexpectedly phoned him. “A lot of people come to Shark Tank seeking for contacts,” Mark explains, “but you made the calls yourself.”
Mark congratulates Ben on his efforts once more.
They are currently pressing the balls by hand. Ben believes the patent is valid. NOHBO, he claims, stands for “NO Hair BOttles.”
He’s working on a novel product distribution method that he intends to sell to large corporations.
They are now six cents apiece, but he may reduce the price to four cents and sell them for twelve cents.
Mark believes Ben should go direct since hotels do not want to educate customers.
Lori advises that you never sell a product unless you have licensed it.
She’s out because she believes it’s too early.
Mr. Wonderful uses a certain shampoo and believes that the patent is everything, but it’s a long trip; he’s out.
If the patent is true, Robert says it’s a terrific bargain; he’ll pay $100,000 for 20% of the patent if it’s approved.
Mark declares that he enjoys it and he offers $100,000 in exchange for 25% of the business. It might be the finest concept ever in the Tank, according to Robert, but it needs to be pitched as a business model.
Barbara offers $100,000 in exchange for a 20% stake in Estee Lauder, but only if Estee Lauder agrees to a deal with Ben.
‘Mark, we have a contract’ Ben exclaims after thanking everyone.
Mark agrees to a deal for $100,000 in exchange for a 25% stake in the company, which values the company at $400,000.
Nohbo Shampoo after Shark Tank Pitch
Even with a Shark on board, certain products will see some setbacks.
With Mark’s help, NOBOH got off to a great start, but there were some delivery delays and other issues along the road.
Disappointed consumers said the balls did not keep their form in early 2016, according to a number of comments on the company’s social media accounts.
Things were looking bright for Benjamin when Florida Governor Rick Scott awarded the Young Entrepreneur Award on him, adding, “I look forward to seeing NOHBO continuing to develop here in Florida.”
Stern switched gears in 2018 and ceased utilizing powdered balls.
He collaborated with a chemist closer to his headquarters in Melbourne, Florida, shifted to a gel shape, and renamed the product NOHBO Drops.
Stern has 76 million purchase orders across Europe for the next four years, and he recently raised $3.5 million in venture capital.
He gives a tour of his plant and announces a new round of funding in this update. Mark believes it has the potential to grow to a $100 million firm in the next several years.
Nohbo Shampoo Net Worth
Stern values his business at $500,000 when he asked for $100,000 for 20% stake but he accepted Mark’s offer of $100,000 for 25% stake thus bringing the value to be $400,000.
Nohbo Shampoo Competitors
Schmidt’s Naturals, Better Living Products, Bruemate, and Molly’s Suds are among Nohbo’s main competitors.
Nohbo Shampoo FAQS
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.
