Pristine Shark Tank Net Worth 2023
Pristine Shark Tank Net Worth
The Pristine Shark Tank’s net worth was valued at $250,000 during the Shark Tank pitch. It is not possible to accurately answer the question regarding the company’s net worth in 2023, as the most recent information available is from 2022.
However, it is known that Pristine was founded in 2014 by cousins Brandon Karam and Jessica (Jess) Karam Oley, and that they sought an investment of $50,000 for 20% equity in their business on Shark Tank USA in January 2019.
The Sharks declined to make an offer, but Lori Greiner offered $50,000 for a 25% stake in the company.
After their appearance on the show, the deal with Lori Greiner did not close, and Pristine has since shifted focus to hand sanitizer due to the global COVID-19 pandemic.
They have also released new products such as the Pristine Machine – an automatic dispenser for easier application.
What is Pristine? Who is the Founder of Pristine?
Pristine is a toilet paper spray that provides a refreshing and skin-soothing experience while removing odors from the bathroom. It is designed to be used with regular toilet paper and is a more natural and eco-friendly alternative to wet wipes.
The innovative bottle design makes it easy to access the sprayer while in use. Pristine offers cleaning, moisturizing, and refreshing elements that are gentle enough for sensitive skin yet effective in wiping and refreshing.
Jessica and Brandon Karam founded Pristine in 2014 with the unique idea that a toilet paper spray could replace ecologically harmful wet wipes. After two years of research, innovation, and market testing, they introduced Pristine Moisturizing Toilet Paper Spray, which was later renamed Pristine.
The inspiration for Pristine came from a mother of three who found that one of her children was sensitive to wipes, and another child was flushing non-flushable wipes, resulting in a flooded yard.
Karam also developed skin sensitivity from using moist wipes, leading them to research and develop a more natural and flushable alternative.
Initially, Pristine was used by those who had experienced issues with wet wipes, such as blocked pipes and skin irritation. However, Pristine’s benefits extend beyond the general population of bottom wipers.
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Pristine Shark Tank Pitch
Brandon and Jessica thoroughly researched and innovated their product before agreeing to present their idea to the Shark Tank Investors. They requested $50,000 in exchange for 20% equity in their firm, which would value the company at $250,000.
During their presentation, they highlighted the benefits of their product, which include gentle cleansing and moisturizing components that effectively refresh and clean delicate skin. They also mentioned their plans to develop a kinetic sprayer for nurseries and to offer larger bottles.
Despite facing competition from six or seven other similar products on the market, Brandon and Jessica established their company in 2014 and sell their products on Amazon and various other platforms.
They reported having made $11,000 in sales and were seeking an investor to help them raise $50,000 to fund an automated, no-touch diaper changing sprayer.
During the pitch, Robert exited due to marketing difficulties, and Mark was not a suitable investor due to a conflict with a similar product called Dude Wipes.
However, Bethenny and Daymond expressed interest, and Lori offered $50,000 for a 25% stake in the company, provided that Squatty Potty did not develop a competing product. Brandon and Jessica accepted Lori’s offer.
After the deal was closed, Lori did not follow through with the transaction, potentially due to Squatty Potty developing a similar product called Squatty Potty Toilet Botanicals.
However, the company continued to operate and even responded to the Covid-19 outbreak in 2020 by manufacturing and marketing hand sanitizer. As of 2021, the company generates annual revenues of $1 million.
Competitors of Pristine
The company competes with the following competitors; Augmedix, CrowdOptic and Atheer.
Net Worth of Pristine
The company was valued at $250,000 during the Shark Tank pitch and the current valuation is netted at nearly $52.5 Million in 2021.
Pristine FAQs
What is Pristine?
Pristine is a moist toilet paper roll that delivers a refreshing, skin soothing experience. It is designed for the bottom of the toilet and with a soft touch; it quickly removes odors from the bathroom.
Pristine’s innovative bottle design provides easy access to the sprayer when in use.
Who is the Founder?
Jessica and Brandon Karam founded Pristine in 2014 with the unusual and innovative concept that toilet paper spray may replace the usage of annoying, ecologically destructive wet wipes.
What is their offer at Shark Tank?
They were asking for $50,000 for 20% equity in their business, valuing the firm at $250,000.
Did they get an offer?
Yes, Lori Greiner offered them $50,000 for 25% equity in the firm on the Shark Tank Show.
What is their current net worth?
As on 2021, the company’s Net worth is $52.5 Million.
Is still in business?
Yes, the company is still in business.
What is their website?
https://www.instagram.com/pristinelifewipes/
https://www.facebook.com/PristineProducts/?ref=br_rs
https://twitter.
How to contact Pristine?
Customer can write to them by visiting their website or email them at [email protected]
What is Pristine’s objective?
Pristine combines’ conventional toilet paper and natural wet wipes to offer an ecological alternative to wet wipes.
It is designed to remove odors from the bathroom by using a soft touch that quickly removes odors from the bathroom.
Why use Pristine?
There are no issues with clinginess from conventional toilet paper, which often leaves you compromising on your personal hygiene.
How often should I spray?
It is recommended to use 3-5 sprays each wipe. It may be necessary to use a few additional sprays during diaper changes. This is a personal choice, so if users want more wetness, go ahead and spray.
How far to the toilet paper should I hold the bottle?
There is no scientific formula, but they find that 2 inches works well for them. If the toilet paper still does not seem moist after 3-4 sprays, try holding the bottle closer to the toilet paper.
How long will the roll last?
It is recommended to replace the roll every three months in order to maintain the freshness of the product. Each roll is good for about 10 uses, depending on how much dampness you desire during your wipes.
What is the shelf life?
It is recommended to replace the roll every three months in order to maintain the freshness of the product. Each roll is good for about 10 uses, depending on how much dampness you desire during your wipes.
Are there other toilet paper companies like Pristine?
Yes, other brands like Charmin Fresh mates and Freshies use similar technology.
How is the business model?
Pristine has a limited number of stock rolls that will eventually be worn out. They are looking for consumers who would like to purchase additional product.
The investment is a one-time fee that covers the cost of production and retail packaging. They carry a 60 day warranty for replacement roll purchases.
Is safe to buy online?
Yes it is 100% safe to purchase Pristine wipe rolls online. The company offers a 60 day replacement guarantee. If customers are not satisfied with the product you can mail them at [email protected]
What are the ingredients?
Pristine contains natural ingredients that are non-toxic and biodegradable, including Citric Acid, Ascorbic acid, Menthol, Isopropyl alcohol. The company does not test their products on animals.
