Reviver Clothing Swipes Shark Tank Update| Reviver Clothing Swipes after Shark Tank
What is Reviver Clothing Swipes?
Reviver Clothing Swipes are quick-acting wipes that remove odors from clothing and hair with just a few swipes.
The wipes use advanced technology to refresh you completely with odor-eliminating chemicals and can be used up to ten times.
The company was founded in 2011 by Ben Kusin, who came up with the idea while working as Head of New Media and Strategic Alliances at Vivendi Games and was previously a marketing executive at EA.
He received funding for the four-year development process from his father Gary. Ben later brought his brother Eric on board as president and COO, who was a former buyer at Neiman Marcus.
Who is the founder of Reviver Clothing Swipes?
Ben Kusin, the founder of Reviver Clothing Swipes, came up with the idea for the company while working as the Head of New Media and Strategic Alliances at Vivendi Games.
He had previously worked as a marketing executive for EA. In 2012, he launched the Reviver Clothing Swipes business, which provides refreshing wipes for clothing that eliminate unwanted odors.
He hired his younger brother Eric, a former buyer at Neaman Marcus, as president and chief operational officer, and later his father, Gary, who has entrepreneurial and venture capital experience, also joined the company.
The product is unique as it comes in wipe form and Ben has a patent pending for it. Reviver Clothing Swipes can be found in 7-11 stores in Dallas, Walgreens stores across the country, Petco locations, and on Amazon.
What Happened to Reviver Clothing Swipes at Shark Tank pitch?
Ben and Eric, the founders of Reviver Clothing Swipes, appear on episode 4 of season 6 of Shark Tank to seek $150,000 in exchange for a 5% stake in their company, which is valued at $3 million.
They demonstrate their product and share their success story, including that they made $500,000 in sales in the past year and expect to make $4 million in the next 12 months.
The Sharks have mixed reactions, with some praising the product but others questioning the valuation and sales figures.
Lori Greiner ultimately makes an offer of $150,000 for a 15% stake, and Robert Herjavec also offers $150,000 for a 10% stake.
Ben ultimately chooses to accept Lori’s offer, with the possibility of being featured on QVC through her connections.
What Happened to Reviver Clothing Swipes after Shark Tank?
Ben and Eric, the Kusin brothers, secured a deal with Lori on Shark Tank after appearing on season 6, episode 4 of the show.
They then went on to sell their Reviver Clothing Swipes on QVC multiple times.
Despite some controversy surrounding their “affluent kids” statement, the brothers moved on to invest in a Dallas restaurant called Malibu Poke and later opened a second location in Austin.
In 2019, they launched VENN, a live 24/7 network for gaming, streaming, e-sports, and entertainment audiences. As of November 2021, their Reviver Clothing Swipes business is doing well, with annual revenue of $5 million.
Competitors of Reviver Clothing Swipes
Reviver Clothing Swipes’ major competitors include k-Space Associates, Profitap, Kyp, Appmethod, ShiftMobility, Zabbix, Amann Girrbach, and Oomph.
Net Worth of Reviver Clothing Swipes
The company’s value was initially assessed at $3 million during the pitch, but after an investment from Lori Greiner, it dropped to $1 million.
However, the company has experienced success with sales and had a revenue of $5 million in 2021, resulting in an increase in the company’s net worth.
Reviver Clothing Swipes FAQs
What is Reviver Clothing Swipes?
Reviver Clothing Swipes is a portable and breathable sanitizer that can be used on clothing to eliminate odors.
Who is the founder?
Ben Kusin, the company’s founder, came up with the idea while working as the Head of New Media and Strategic Alliances at Vivendi Games, after previously working as a marketing executive for EA.
Who is the president?
Ben kept the firm in the family when he hired his younger brother Eric, a former buyer at Neiman Marcus, as president and chief operational officer.
How much were asking on Shark Tank?
Ben and Eric were asking for $150,000 for a 5% stake in their company.
Did they have the deal?
Yes, they got a deal from Lori Greiner.
How much was the deal?
Lori Greiner offered them $150,000 for 15% ownership of the company.
Is Reviver Clothing Swipes still in business?
Yes, Reviver Clothing Swipes is still in business and will be aired sometime soon.
How much it will earn annually?
The company was earning $5 million annually at the end of 2021.
Who are the company’s competitors?
There are several competitors of Reviver Clothing Swipes; K-Space Associates, Profitap, Kyp, Appmethod, ShiftMobility, Zabbix and Oomph.
What is the name of the product?
The products are called Reviver Clothing Swipes, which is a hand sanitizer that can be put to use on clothing to eliminate odors.
What are the benefits of Reviver Clothing Swipes?
Reviver Clothing Swipes is a safe and convenient way to eliminate odors without having to disassemble your clothes or have excessive washing.
It kills germs and neutralizes bad smells, eliminating the need for multiple cleanings.
Where is Reviver Clothing Swipes manufactured?
They manufactured in Dallas.
Where can I get Reviver Clothing Swipes?
Customers can buy the product on the manufacturer’s website; http://www.ReviverWipes.com.
How do I pay of Reviver Clothing Swipes?
Customers can pay via credit card and also through PayPal.
How many people are employees of Reviver Clothing Swipes?
The company is only a two man company, made up of Ben and Eric Kusin.
What is the earnings profile?
The revenue is $5 million in 2021.
Can I get more information on Reviver Clothing Swipes?
For more information on Reviver Clothing Swipes and how one can purchase the product, visit their website; http://www.ReviverWipes.
What is the net worth of Ben Kusin?
Ben Kusin had a net worth of $12 million.
What is the net worth of Gray Kusin?
Gray Kusin had a net worth of $30 million.
