Pristine, a digital health company founded by Jessica Karam and Brandon Karam in 2014, had a net worth of $1.8 million as of October 2023. They generated $1.3 million in annual revenue. They appeared on season 10 of Shark Tank in January 2019 and secured a deal with Lori Greiner for $50,000 in exchange for 25% equity. The final valuation of the company was $200,000. Pristine is still in business and is now one of the leading providers of digital health services in India.
Key Takeaways:
- Pristine had a net worth of $1.8 million before and after their appearance on Shark Tank.
- Pristine secured a deal with Lori Greiner for $50,000 in exchange for 25% equity.
- The final valuation of Pristine on Shark Tank was $200,000.
- Pristine is now one of the leading providers of digital health services in India.
- Pristine generated $1.3 million in annual revenue.
Pristine Net Worth Timeline
The net worth of Pristine, the digital health company founded by Jessica Karam and Brandon Karam, has seen significant growth over the years. Let’s take a closer look at their journey and how their net worth has evolved.
Before Shark Tank
Prior to their appearance on Shark Tank in January 2019, Pristine had already established a valuation of $250,000. The company was generating annual revenue of $1.3 million and had a net worth that reflected their success in the digital health industry.
Shark Tank Deal Impact
During their appearance on the show, Pristine struck a deal with renowned investor Lori Greiner. They secured a $50,000 investment in exchange for 25% equity, which ultimately valued the company at $200,000. While the valuation dropped after the deal, the partnership with Lori Greiner provided Pristine with the guidance and resources needed to further propel their success.
Current Net Worth
Since their time on Shark Tank, Pristine’s net worth has continued to grow. As of 2022, their net worth reached $1.6 million, and by 2023, it increased to $1.8 million – a testament to their ongoing success in the digital health industry. Pristine has become one of the leading providers of digital health services in India, solidifying their position as a key player in the market.
Table: Pristine Net Worth Timeline
Year | Net Worth |
---|---|
Before Shark Tank (2019) | $250,000 |
After Shark Tank (2019) | $200,000 |
2022 | $1.6 million |
2023 | $1.8 million |
Pristine Pitch on Shark Tank
During their appearance on Shark Tank, Pristine presented their innovative cleaning sprays to the panel of sharks. Their pitch aimed to secure a $50,000 investment in exchange for 20% equity, valuing the company at $100,000. The founders, Jessica Karam and Brandon Karam, impressed the sharks with their product and business acumen.
Pristine shared that they had already generated $11,000 in sales since starting the company, primarily through the popular online marketplace, Amazon. This demonstrated the market demand and potential for their cleaning sprays. The sharks were intrigued by the traction Pristine had achieved so far.
After some negotiation and careful consideration, Lori Greiner, one of the prominent sharks on the show, saw the potential in Pristine and struck a deal with the founders. She offered $50,000 for 25% equity, slightly changing the terms of the initial pitch. This partnership with Lori Greiner not only provided capital but also brought valuable expertise and exposure to the company.
The appearance of Pristine on Shark Tank proved to be a turning point for the company. With the support and investment from Lori Greiner, Pristine experienced a surge in popularity and sales. Their success on Shark Tank helped establish Pristine as a leading player in the digital health industry, solidifying their position and contributing to their overall wealth and success.
FAQ
How much is Pristine’s net worth?
As of October 2023, Pristine has a net worth of $1.8 million.
How much revenue does Pristine generate annually?
Pristine generates $1.3 million in annual revenue.
When did Pristine appear on Shark Tank?
Pristine appeared on season 10 of Shark Tank in January 2019.
What deal did Pristine make on Shark Tank?
Pristine secured a deal with Lori Greiner for $50,000 in exchange for 25% equity.
What was the final valuation of Pristine after the Shark Tank deal?
The final valuation of Pristine after the Shark Tank deal was $200,000.
Is Pristine still in business?
Yes, Pristine is still in business and is one of the leading providers of digital health services in India.