Soapen Shark Tank Net Worth (Before and After Shark Tank)

When it comes to Shark Tank success stories, SoaPen stands out as a shining example. Founded by Amanat Anand and Shubham Issar in 2015, this hand wash soap company has made waves in the industry.

In 2021, SoaPen’s net worth was $1 million when they appeared on Shark Tank and caught the attention of the sharks. They ultimately made a deal with Nirav Tolia and his wife, cementing their place in the business world.

With annual sales revenue reaching approximately $5 million, it’s clear that SoaPen has struck a chord with consumers. This success is further reflected in the fact that they currently employ 10 individuals and are still going strong as of November 2023.

If you’re interested in trying out SoaPen for yourself, you can easily purchase their products through their website and on Amazon.

Not only has SoaPen achieved financial success, but its founders, Amanat Anand and Shubham Issar, have seen their net worth rise to $2 million as of 2023.

Key Takeaways:

• SoaPen’s net worth was $1 million in 2021 before appearing on Shark Tank.
• The company made a deal with Nirav Tolia and his wife on the show.
• SoaPen’s annual sales revenue reached approximately $5 million.
• They currently have 10 employees and are still in business as of November 2023.
• You can purchase SoaPen products on their website and Amazon.
• Founders Amanat Anand and Shubham Issar now have a net worth of $2 million.

SoaPen Pitch on Shark Tank

In Season 13 Episode 04 of Shark Tank, the founders of SoaPen, Amanat Anand and Shubham Issar, presented their innovative hand wash soap for kids with a pen design. Seeking a $100,000 investment for a 10% equity in their company, they caught the attention of the Sharks with their unique product.

After a round of negotiations, Amanat and Shubham struck a deal with Nirav Tolia and his wife. The final agreement involved a $100,000 investment in exchange for a 10% equity stake, along with a $1 royalty for every unit sold until a total of $200,000 is paid. This partnership on Shark Tank has helped propel SoaPen’s growth and success.

The pitch took place in New York, United States, where the Sharks had the opportunity to see firsthand the potential of SoaPen’s product and the passion of its founders. This pivotal moment on Shark Tank set the stage for SoaPen’s journey towards becoming a household name in the hand wash soap industry.

SoaPen Pitch Details:

Product	Founders	Asked for	Final deal	Sharks	Location
Hand wash soap for kids with a pen design	Amanat Anand and Shubham Issar	$100,000 for 10% equity	$100,000 for 10% equity + $1 royalty per unit until $200,000 paid	Nirav Tolia and his wife	New York, United States

SoaPen Founders and Key Accomplishments

SoaPen, the innovative hand wash soap company, was founded in 2015 by Amanat Anand and Shubham Issar. Both founders have a Bachelor of Fine Arts (BFA) education, which reflects their creative approach to product design and development. Their unique concept caught the attention of industry experts, leading to their recognition on the prestigious Forbes 30 Under 30 list in 2017.

One of the key highlights in the journey of Amanat Anand and Shubham Issar was their appearance on Shark Tank Season 13. Their pitch for the kid-friendly hand wash soap, cleverly designed as a pen, impressed both the sharks and the viewers. This opportunity not only gave them exposure but also provided them with an opportunity to secure a deal with Nirav Tolia and his wife, which was a significant milestone for their company.

Aside from their successful Shark Tank appearance, the founders also demonstrated their entrepreneurial spirit through a Kickstarter campaign in 2017. With their winning concept and persuasive pitch, they successfully raised $28,460, which played a crucial role in kickstarting their business and bringing their innovative product to a wider audience.

Key Accomplishments:

• Founders recognized on Forbes 30 Under 30 list in 2017
• Appeared on Shark Tank Season 13 and secured a deal with Nirav Tolia and his wife
• Raised $28,460 through a successful Kickstarter campaign in 2017

Year	Accomplishment
2015	Founding of SoaPen by Amanat Anand and Shubham Issar
2017	Recognition on Forbes 30 Under 30 list
2023	Successful appearance on Shark Tank and deal with Nirav Tolia
2017	Raised $28,460 through Kickstarter campaign

SoaPen Net Worth Timeline

Let’s take a closer look at the net worth timeline of SoaPen, the innovative hand wash soap company that appeared on Shark Tank. In 2021, when SoaPen made their television debut, their net worth was $1 million. This valuation remained the same after the episode aired, indicating that the Shark Tank deal did not impact their net worth significantly.

Prior to their appearance on Shark Tank, SoaPen’s net worth in 2021 was also $1 million. This suggests that the company had maintained a steady valuation leading up to their Shark Tank pitch.

As of 2023, SoaPen’s current net worth has not been disclosed. However, given their successful presence in the market, with annual sales revenue of approximately $5 million and a growing customer base, it’s safe to say that their net worth has likely seen some positive growth since their time on the show.