Nopalera Shark Tank Net Worth
What Is Nopalera Shark Tank And Who Founded Nopalera Shark Tank?
Nopalera is a Mexican botanical bath and body care line founded by Sandra Velasquez in 2020. The company’s products are made from the nopal cactus, also known as prickly pear, which is celebrated for its skin-cleansing and soothing properties.
Nopalera uses every part of the plant to make its products, including the green part of the cactus pads, oil from the seeds of the prickly pear fruit, hibiscus, jasmine, and tepezcohuite.
Sandra Velasquez appeared on Shark Tank Season 14 Episode 12 to pitch her company. She asked for $300,000 for 5% equity in her company but did not receive a deal from any of the Sharks. Despite not getting a deal on Shark Tank, Nopalera is doing well according to recent updates.
Sandra Velasquez grew up in Southern California as the daughter of Mexican immigrants. She was inspired to create Nopalera because she saw nopal cactus everywhere and knew it was wonderful for the skin and hair.
Sandra began making soaps as a hobby when she was unemployed and launched Nopalera with no outside funding while working three jobs during the pandemic when she was 44 years old.
What Happened To Nopalera At Shark Tank?
Sandra Velasquez pitched Nopalera, her line of skin care products derived from nopal, the prickly-pair cactus, in Shark Tank episode 1412. Although she did not receive a deal from any of the sharks, Nopalera has been doing well.
In 2023, Nopalera closed an oversubscribed $2.7 million seed round at a valuation of $10 million. The company has been exceeding quarterly growth targets and its products are available on the Nopalera website and on Amazon.
In an unexpected first on ABC’s “Shark Tank,” Sandra Velasquez left investors with no room to budge on an offer — but for good reason.
She presented Nopalera to the sharks on the season 14 premiere of the series last month, standing firm in the worth of her company, and by extension, herself.
Velasquez spoke about her experience preparing for “Shark Tank” and expanding her luxury business. She applied to be on this season of “Shark Tank” early last year and it stretched out into an 8-month-long process.
During this time, she was in multiple accelerators to acquire resources to grow Nopalera and started to fundraise for the first time.
Although none of the sharks invested in Nopalera during its Shark Tank appearance, it has continued to grow as a successful business.
What Happened To Nopalera After Shark Tank?
Nopalera, a company that appeared on Shark Tank, did not make a deal with any of the sharks. However, the company has continued to grow and recently closed an oversubscribed $2.7 million seed round at a valuation of $10 million.
The products are available on the Nopalera website and on Amazon. The CEO of Nopalera, Sandra Velasquez, declined two offers from the sharks.
The company was created in 2020 and started making soaps without the famous nopal cactus when her attention.
Appearing on Shark Tank is considered a once-in-a-lifetime opportunity for companies like Nopalera.
Nopalera Shark Tank Net Worth
As of March 13, 2023, they are still in business and estimated to be worth $6 million based on their valuation.
Nopalera Inc is a company founded in 2020 by Nuestra Jefa and Sandra Velasquez, which produces Mexican botanical products for bath and body.
They appeared on Shark Tank USA in Season 14 Episode 12, seeking $300,000 for 5% equity. However, they did not make a deal with any of the sharks.
Despite this setback, Nopalera has experienced tremendous growth and success since appearing on Shark Tank.
They also secured additional funding and partnerships. It is unclear how much investment they raised or from whom. Nonetheless, Nopalera’s net worth has increased significantly since its appearance on Shark Tank.
Nopalera is a bath and body company that uses nopal, a Mexican botanical, in its products. Its founder and CEO, Sandra Velasquez, previously worked for various companies including HiBAR, Credo Beauty, and Target before starting Nopalera.
Despite not receiving investment from the sharks on Shark Tank, Nopalera has continued to grow and thrive as a business.
Is Nopalera Still In Business?
Yes, Nopalera is still in business as of January 2023. The company was founded in 2020 by Sandra Velasquez and Nuestra Jefa.
Nopalera is a New York-based skincare brand that makes natural soaps using the Nopala cactus fruit and flower.
The main customers of this brand are Latino people who live in the United States. In 2022, Nopalera generated more than $1 million in gross revenue, exceeding its expectations.
About half of the company’s sales come from wholesale, and the other half is direct-to-consumer. Nordstroms and hundreds of local boutiques across the nation feature Nopalera’s products.
Nopalera recently managed to close an oversubscribed $2.7 million seed round at a valuation of $10 million.
Although Sandra Velasquez lacks a deal with any of the sharks on Shark Tank, her company has its sights on the future and continues to exceed quarterly growth targets.
Each of Nopalera’s products is handmade, and for the first year of the brand’s existence, Velasquez made everything with the help of two production assistants. She has since found manufacturing partners to take over the process.
Sandra Velasquez wants to use her business as a vehicle to give back to her community. Her goal is to normalize the visibility of her luxurious, Latina-owned brand on the market and reposition Latino goods in premium space because they deserve to be there.
She is working now to raise $1 million and seeking out investors in preparation for eventually launching at a national beauty retailer like Sephora.