PiperWai Shark Tank Update | PiperWai After Shark Tank | PiperWai Net Worth
PiperWai Shark Tank Update
PiperWai is a natural deodorant line that relies on charcoal and clay for odor control. It’s a new type of product with a different approach to an age-old problem.
It is a natural deodorant company based in the United States created in 2014.
This company has been creating and selling its products for the past eight years, and we’re excited to share with you what they have to offer!
The PiperWai team believes that there need to be more options available when it comes to personal care items such as deodorants and soaps.
They believe that many of these products contain harmful chemicals which can lead to health issues, environmental problems, or other adverse effects on our planet.
PiperWai stands out from other natural brands by providing customers with various scents instead of just one smell like some other companies do.
In December 2015, it was featured on Shark Tank and received an offer from Barbara Corcoran.
After their appearance on Shark Tank, PiperWai’s sales skyrocketed!
The product had the “Shark Tank effect,” selling out within five minutes of airing and generating over $1 million in sales over the next month.
After a long period of negotiations, the company’s founders, Sarah Ribner and Jess Edelstein declined Corcoran’s offer and went self-funded.
What is the meaning of the name PiperWai?
The name “PiperWai” is a mix of Edelstein’s family dog’s name, Piper, and the Wai Wai tribe of Guyana.
The company is best recognized for developing an all-natural charcoal deodorant produced in a kitchen in Philadelphia, Pennsylvania.
During a trip to South America in November 2013, Edelstein offered Ribner the product to test.
Following that, Edelstein and Ribner secured a $2,000 loan from their parents to help them produce raw materials and create a website.
Who are the Founders of PiperWai?
In March 2014, Ribner and Edelstein co-founded PiperWai. They earned $27,000 for a branding change through a crowdfunding effort in March 2015.
PiperWai has 200,000 customers and retail distribution in over 200 independent lifestyle retailers.
PiperWai has been featured in numerous publications and is a popular pick on HSN, with on-air star Noel Elie serving as their spokesmodel and health guru.
How is PiperWai product made?
Activated charcoal powder is included in the mixture, which rubs clear and does not stain garments. It may absorb hundreds of times its own weight in liquid, according to Edelstein.
It is administered directly to the armpit in a pea-sized amount from a container.
Cocoa butter, Shea butter, vitamin E, magnesium hydroxide, baking soda, and a special combination of 11 essential oils are among the other ingredients.
How did PiperWai begin?
The founders, Sarah Ribner and Jess Edelstein started the company after realizing they both struggled to find effective natural deodorants without aluminum or other harsh ingredients.
To make their own, they used activated bamboo charcoal because it has antibacterial properties that can eliminate odors at their source.
For even more protection against sweat, PiperWai uses bentonite clay that acts as an absorbent and seals in moisture.
PiperWai is a natural deodorant that has been designed to eliminate the need for chemicals and ingredients like aluminum, parabens, and phthalates.
It’s made with activated charcoal, which absorbs odors instead of blocking them out.
The founders of PiperWai wanted to create an all-natural product so people would not have any more health problems than they already do.
What happened to PiperWai after the Shark Tank?
PiperWai is a natural deodorant line that was featured on Shark Tank. They were looking for $50,000 in exchange for 10% equity in the company.
PiperWai is a company that offers natural, biodegradable deodorant. The founders of PiperWai appeared on the Shark Tank Show and received an investment from Barbara for $50k in exchange for 25% equity ( That is a 0.2Million company valuation)
PiperWai surpassed the million-dollar threshold in sales barely ten days after their first air date.
They sold out of the 10,000+ units they had left aside for show night, bringing the total sales to $1.3 million.
The company was the third-fastest to reach the million-dollar sales threshold on Shark Tank!
PiperWai now works with around 250 new wholesale retailers in the United States and Canada, including Whole Foods, GNC, LuckyVitamin, and a range of beauty shops, gyms, pharmacies, organic grocery stores, and wellness centers.
What was PiperWai’s deal with the Shark Tanks?
Jess and Sarah came to Shark Tank and were looking for $50k for a 10% stake in PiperWai.
Barbara was interested and believed in them, so she gave $50K for a 33% stake.
Lori suggests she’s been exploring a natural deodorant and is willing to pay $50K for a 35% share.
After back and forth, they reached a deal with Barbara. Barbara agrees to a deal worth $50,000 in exchange for a 25% share of the company.
How much is PiperWai worth?
PiperWai is a line of deodorant that claims to be made with “all-natural” ingredients.
PiperWai was sold in around 40 independent brick-and-mortar retailers across the United States, one in Canada and one in Beijing, before appearing on Shark Tank.
They saw a 6000% growth within a year of appearing in the shark tank show.
Sales soared from $110,000, in ten months, before the event to a mind-blowing $2 million three months later. This resulted in a considerable expansion in retail collaborations.
The deal with Barbara for $50K for 25% had the company valued at $0.2 million valuations.
What does PiperWai smell like?
It has a spa-like scent to it. PiperWai’s characteristic spa-like smell of citrus and mint comes from a proprietary combination of 11 therapeutic-grade essential oils.
You may confidently leave your house without smelling like baby powder or other synthetic fragrances.
Is PiperWai for men or women?
PiperWai is a natural deodorant that can be used on any part of the body. These natural deodorants are intended for use by people of all genders and ages.
PiperWai produces sustainable personal care products that genuinely work with the best ingredients taken from nature.
PiperWai offers to redefine better hygiene basics, beginning with the first natural deodorant that uses activated charcoal to eliminate odor and absorb moisture.
PiperWai products are cruelty-free, vegan, and free of common pollutants and hazardous substances that affect the environment and human bodies.