Ride FRSH Shark Tank Net Worth-What Happened After Shark Tank?

Ride FRSH Shark Tank Net Worth

Ride FRSH is a car air freshener business that was founded in 2017 by four black entrepreneurs. The founders pitched their business on Shark Tank seeking $200,000 for a 5% equity stake. Barbara Corcoran invested $200K in Ride FRSH for 20% equity, giving it a valuation of $4 million.

After the episode aired in November 2022, Ride FRSH experienced tremendous growth and success. They secured additional funding and partnerships, leading to an estimated net worth of $1 million USD as of 2023.

As of 2023, Ride FRSH is worth $2 million USD. The company has partnered with NBA teams, and Nickelodeon, and is waiting to close a distribution deal with AutoZone.

Ride FRSH currently has more than 10,000 active subscribers and online reviews have been mostly positive. The business is on track to make $700,000 in revenue for 2022.

What Is Ride FRSH? Who Founded Ride FRSH?

Ride FRSH is a car air freshener business founded by four friends Donovan Brown, Garrett Mitchell, Trey Brown, and Dean Parker.

The company was started in 2018 after the founders noticed a gap in the market for modern, stylish car air fresheners.

Since then, Ride FRSH has grown to 10,000 subscribers and expanded its line with licensing deals with both the NBA and Viacom.

Along with their standard fresheners, Ride FRSH now also offers fresheners with NBA team logos from five teams, the Lakers, Bulls, Heat, Golden State Warriors, and their previous hometown team, the Detroit Pistons.

With the Viacom deal, Ride FRSH also has products with characters from the SpongeBob SquarePants franchise.

The company appeared on Episode 7 of Season 14 of Shark Tank alongside Legacy Shave, Boarderie, and ActionGlow.

Summary Table: Ride FRSH Shark Tank

DESCRIPTION	INFORMATION
Business Name	Ride FRSH
Founders	Donovan Brown, Garrett Mitchell, Trey Brown, and Dean Parker
Business Type	Car air freshener subscription service
Shark Tank Air Date	November 18th, 2022
Shark Investors	Barbara Corcoran
Deal Offered	$200,000 for 20% equity
Valuation	$4 million
Net Worth as of 2023	$2 million
Partnerships	NBA teams, Nickelodeon
Pending Distribution Deal	AutoZone
Revenue for 2022	$700,000
Active Subscribers	More than 10,000

Note that the information provided shows that Ride FRSH is a car air freshener subscription business that has experienced significant growth and success since appearing on Shark Tank. The company has secured additional funding and partnerships, and is valued at $2 million as of 2023. It has also expanded its product line and has more than 10,000 active subscribers. Additionally, Ride FRSH is waiting to close a distribution deal with AutoZone.

What Happened To Ride FRSH At Shark Tank?

Ride FRSH is a car air freshener subscription business that appeared on Shark Tank in Season 14, Episode 1407, on November 18th.

The founders of Ride FRSH impressed the Sharks with their pitch, except for Mark Cuban who found it to be the dumbest marketing move.

Several of the sharks weren’t interested, so they began dropping out one by one. However, Barbara Corcoran decided to offer $200,000 for 20% equity, and Donovan and Trey quickly accepted.

As of February 2023, Ride FRSH is still in business and valued at $1 million after striking a deal with Barbara Corcoran.

In fact, as of November 2022, Ride FRSH is worth $2 million and thriving from the boost in orders from the show.

Apart from NBA teams, Ride FRSH has also partnered with Nickelodeon and is waiting to close a distribution deal with AutoZone.

What Happened To Ride FRSH After Shark Tank?

Ride FRSH is a car air freshener subscription service that was founded in 2017 by four black entrepreneurs.

The company started selling directly to consumers using a subscription service and made $1.1 million in sales in three years.

In November 2022, founders Donovan and Trey Brown appeared on season 14 of Shark Tank seeking $200,000 for a 5% equity stake.

During the pitch, they gave Mark Cuban an air freshener branded with a team that knocked the Mavericks (the NBA team he owns) out of the playoffs last year. He was not pleased and dropped out immediately.

Several sharks weren’t interested, so they began dropping out one by one. However, Barbara Corcoran decided to offer $200,000 for 20% equity, and Donovan and Trey quickly accepted.

As of March 2023, Ride FRSH is still in business and worth $2 million. The boost in orders from the show has helped the company thrive.

Apart from NBA teams, Ride FRSH has also partnered with Nickelodeon and is waiting to close a distribution deal with AutoZone.

Is Ride FRSH Still In Business?

Yes, Ride FRSH is still in business as of November 2022. The company has grown to 10,000 subscribers and has expanded its line with licensing deals with both the NBA and Viacom.

They also have products with characters from popular TV shows like SpongeBob SquarePants and Teenage Mutant Ninja Turtles.

In addition, Ride FRSH was in the final stages of a deal to have their products placed in 2000 Auto Zone stores, and Auto Zone would confirm orders for $2.1 million in 2023. As of February 2023, Ride FRSH had a pre-money valuation of $1.2 million.

Ride Frsh Shark Tank Updates

FRSH is a subscription-based car air freshener business that was founded by Donovan and Trey Brown with three other childhood friends in April 2017.

The company aims to update the car air freshener market and compete in the $1 billion car air freshener market. In November 2022, FRSH was still in business.

In their Shark Tank pitch in episode 1407, Donovan and Trey asked for $200,000 for 5% of their company. They explained their unique car air freshener in a way that caught the Sharks’ attention.

Mark Cuban rejected the deal, calling it the “dumbest thing ever”. However, Barbara Corcoran offered $200,000 for 20% of the company, which the founders accepted.

Since appearing on Shark Tank, FRSH has continued to grow its business. At the time of filming, the company was on track to make more than $750,000 in annual revenue and had made $1.1 million in revenue in three years since launching.

The founders also said they were in negotiations with AutoZone, among other large retailers, and were expecting to distribute their air fresheners at 2,000 of their locations.

In terms of updates, FRSH has continued to offer its subscription-based air fresheners, charging $5 per month for 2 cents delivered every month. Customers can also customize their air fresheners by paying $7.25 per month.

How Does Ride FRSH Shark Tank Work?

Ride FRSH is a Los Angeles-based car air freshener company that appeared on Shark Tank in 2022. The company was seeking $200,000 for 5% of its business. Ride FRSH sells its air fresheners through a subscription model.

For $5 a month, customers receive two random scents, and for $7.25 per month, customers can customize their scents. The company was on track to make more than $750,000 in annual revenue at the time of filming.

Ride FRSH had made $1.1 million in revenue in three years since launching, due largely to its subscription model. At the time of filming, the founders also said they were in negotiations with AutoZone, among other large retailers.

During the Shark Tank pitch, Mark Cuban rejected Ride FRSH for the “dumbest marketing move”. The last remaining Shark, Barbara Corcoran, invested $200,000 in Ride FRSH for 20% equity.

After the episode aired, Ride FRSH received a huge audience for proven messaging, which opened up new, unpaid customer acquisition opportunities. The company is now testing organic TikTok to build deeper customer connections and higher LTV.

What Makes Ride FRSH Air Fresheners Unique?

Ride FRSH air fresheners are unique because of their design, thickness, longevity, and scent options. The air fresheners are twice as thick as old-fashioned fresheners and last almost twice as long.

Each air freshener has a fun lyric from a hip-hop song about cars on the back, such as “Drive Slow Homie” and “Sittin’ Sideways”. The design of the air freshener is fashionably simple and includes a gold string for a touch of dazzle.

The air fresheners are available in different scents, including Midnight, Peach, Vanilla, New Car Scent, Cool Mint, Lavender, Strawberry, Woodgrain, Cherry, Jasmine, Leather, Pina Colada, Eucalyptus, and Ocean Breeze.

Ride FRSH also offers a subscription service, which is the first of its kind in the car air freshener market. Subscribers receive two fresheners per month, either random or in pairs, and a customized box with consumers choosing the scents.

The company has over 10,000 regular subscribers. The founders of Ride FRSH are four black entrepreneurs, Donovan Brown, Garrett Mitchell, Trey Brown, and Dean Parker.

The company aims to be a role model for people of color and provide opportunities and encouragement for them. Ride FRSH has positioned itself as more than just a simple car air freshener brand, as it is all about making a statement and expressing oneself.

How Has Ride FRSH Since Appearing On Shark Tank?

Ride FRSH is a car air freshener business that was started in 2017 by four black entrepreneurs. The company offers a subscription service for its air fresheners, which feature memorable song lyrics related to driving.

In 2022, Ride FRSH appeared on Shark Tank and asked for $200,000 for a 5% equity. The pitch was successful, and Barbara Corcoran invested $200,000 for 20% equity.

At the time of filming, Ride FRSH was on track to make more than $750,000 in annual revenue and had made $1.1 million in revenue in three years since launching. The company had over 10,000 subscribers and was in over 2,700 Target stores.

After the Shark Tank appearance, Ride FRSH leveraged the exposure to grow top-of-funnel demand that lasted long after the show aired.

The episode reached an estimated 3.91 million people, and the founders highlighted the core Ride FRSH value propositions that perform best on Facebook. The company’s first post about Shark Tank got more than 17 times their account’s average engagement.

Ride FRSH is also testing organic TikTok to expand its customer base. Whenever Shark Tank or Mark Cuban is in the news, Ride FRSH can build a send around the event and get traction in an owned channel.

As of November 2022, Ride FRSH is still in business. The company has continued to grow and expand its retail partnerships, negotiating with Dollar General to get on its shelves. Despite Mark Cuban rejecting the deal on Shark Tank, Ride FRSH has been successful and continues to thrive.

What Is The Current Valuation Of Ride FRSH After Shark Tank?

Ride FRSH is a car air freshener business that appeared on Shark Tank in November 2022. The founders, Donovan and Trey Brown, pitched their business to the sharks and asked for $200,000 for a 5% equity.

Barbara Corcoran invested $200,000 in Ride FRSH for 20% equity. The company’s valuation was $2 million at the time of the Shark Tank pitch.

Since appearing on Shark Tank, Ride FRSH has experienced tremendous growth and success. The company has secured additional funding and partnerships, leading to an estimated net worth of $1 million to $2 million in 2023. The founders, Donovan and Trey Brown, have a net worth of $800,000 in 2023.

Ride FRSH was on track to make more than $750,000 in annual revenue at the time of filming. The company had made $1.1 million in revenue in three years since launching, due largely to its subscription model.

The founders also said they were in negotiations with AutoZone, among other large retailers, and if the deal were to go through, AutoZone would buy $2.1 million worth of Ride FRSH air fresheners to distribute at 2,000 of their locations.

However, Kevin O’Leary rejected the investment request, saying that the Brown brothers valued their company too high, given their sales record. Their investment request valued Ride FRSH at $4 million, but the startup only brought in $540,000 in 2021 revenue, O’Leary noted.