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, 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 their 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.
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.
