Stasher Shark Tank Net Worth 2023
The company saw an impressive valuation of $8 million after its pitch, and following the SC Johnson acquisition, its value likely increased significantly due to their 2021 annual revenue of $12 million.
This showcases a great return on investment over the year and is sure to benefit both parties involved in this high-profile transaction.
What is Stasher?
Stasher produces silicon bags that can be reused, replacing single-use plastic bags. While these bags are charming and delightful, they serve a larger purpose than just being a lovely product. Stasher’s objective goes beyond that.
The founder of Stasher, Kat Nouri, is passionate about health and nutrition. Her interest in this field inspired her to create Modern Twist, a company that produces various types of reusable silicone products for households, children, babies, and other uses.
Despite making food-safe silicone products since 2005, she realized that she was still using single-use plastic bags, and decided to do something about it.
Stasher is not just another product in a line of containers. Kat Nouri worked tirelessly to create platinum silicone bags that can be used infinitely, in various sizes. Her goal is to minimize plastic waste and hazardous materials and make a significant contribution to environmental preservation efforts.
Who is the founder of Stasher?
Kat Nouri, a Ph.D. Nutritionist and founder of Stasher, was surprised by the number of plastic bags she was using to pack her children’s lunches. She is the daughter of an Iranian professional wrestler and has a background in nutrition.
In response to this issue, she created Stasher bags using pure platinum silicone as an alternative to plastic. The bags are resealable and have a lifespan of three years. They are freezer, microwave, and dishwasher safe and can even be used for sous vide cooking.
Stasher bags were first introduced in January 2016 and are now widely available through retailers such as Amazon and Target. This is not Nouri’s first foray into silicone-based products, as she founded Modern Twist in 2005, which produces a range of silicone-based baby products, placemats, and coasters. Modern Twist has annual sales of around $10 million.
Stasher bags come in three sizes: half-gallon, sandwich, and snack, with more sizes to come. They are available in various colors and range in price from $12 to $30. Nouri believes that the bags’ three-year lifespan will encourage people to switch from plastic bags to Stasher bags.
What Happened to Stasher at Shark Tank pitch?
Kat Nouri decided to present her invention to the investors on Shark Tank with the aim of accelerating her company’s growth. Accompanied by an assistant, she sought a $400,000 investment for a 5% stake in her $8 million valued company.
During her pitch, Kat showcased her product and highlighted its patented sealing mechanism. She distributed product samples and acknowledged that the Sharks believed her product to be expensive, but explained that the use of platinum silicone, which can be reused multiple times, would eventually save customers money by eliminating the need for repeated purchases of disposable plastic bags.
Kat also informed the Sharks that her company generated $1.6 million in sales in the previous year and had a profitable business model with a blended margin of 63 percent. She expressed confidence that her company would be worth $100 million in four years, which amused the Sharks.
Robert was not convinced of the product’s value and chose not to invest, while Barbara also opted out due to the high cost of the product. Lori and Rohan considered collaborating on an offer but eventually decided to pass, leaving only Mark.
Mark proposed a $400,000 investment for a 20% stake in the company and a $400,000 line of credit. Kat countered with a request for $400,000 for a 15% stake in her company, which Mark accepted, resulting in a successful deal between the two.
What Happened to Stasher after Shark Tank?
Kat Nouri’s pitch on the show was met with loud cheers, but she failed to close a deal with Mark following the pitch.
Nonetheless, SC Johnson acquired Kat’s firm in December 2019 for an unknown amount, and within two years of her appearance on the show, it has managed to grow significantly; as of September 2021, the brand has been able to generate $12 million in revenue annually.
Competitors of Stasher
HotelsPro, Farah Experiences, NTUC Club, and Anex Tour are among Stasher’s main competitors.
Net Worth of Stasher
The company was valued at $8 million during the pitch, after the SC Johnson acquisition the company valuation might has been elevated since the company had annual revenue of $12 million in 2021.
Stasher Shark Tank Updates
Stasher is a company that produces reusable silicone bags for food storage, which can be used in the microwave or for storage purposes. The bags are patented by their unique closing mechanism on the top of the silicone food storage bags.
In 2018, Stasher appeared on Shark Tank, where Kat Nouri asked for $400,000 for 5% equity13. Mark Cuban offered $400,000 for 15% equity, but the deal was never finalized. In 2019, Stasher was acquired by S.C. Johnson for an unknown amount.
Since the acquisition, Stasher has expanded its product line and received B Corp certification. As of September 2021, the brand generates $12 million in annual revenue.
The company’s bags come in three sizes: half-gallon, sandwich, and snack size, and they come in a variety of colors and cost anywhere from $12-$20 each. The bags are designed to last for three years, and Nouri hopes consumers will use them instead of plastic bags.
In summary, Stasher has undergone significant changes since its appearance on Shark Tank. The company was acquired by S.C. Johnson, expanded its product line, and generates $12 million in annual revenue as of September 2021.
Although the deal with Mark Cuban was never finalized, Stasher has continued to grow and thrive as a sustainable business.
Stasher Shark Tank Table Summary:
|Valuation||$8 million after Shark Tank pitch|
|Acquisition||SC Johnson acquired Stasher in 2019, unknown amount|
|Revenue||$12 million annually in 2021|
|Founder||Kat Nouri, Ph.D. Nutritionist|
|Product||Silicone bags that can be reused, replacing single-use plastic bags|
|Competitors||HotelsPro, Farah Experiences, NTUC Club, Anex Tour|
|Shark Tank Pitch||Asked for $400,000 for 5% equity; Mark Cuban offered $400,000 for 15% equity, but the deal was never finalized|
|Shark Tank Outcome||Stasher and Mark Cuban agreed on $400,000 for 15% equity|
|Bags||Three sizes: half-gallon, sandwich, and snack, cost from $12 to $20, designed to last for three years.|
What Is Stasher And How Does It Work?
Stasher is a company that produces reusable silicone bags for food storage. The bags are made of food-grade silicone, which is lightweight, durable, non-toxic, and can withstand extreme temperatures. The bags are patented by their unique closing mechanism on the top of the silicone food storage bags.
Stasher bags can be used in the microwave or for storage purposes. They are endlessly reusable and can be used for anything you can think of to avoid single-use plastics.
Stasher bags come in four different sizes: snack, sandwich, half-gallon, and stand-up, making it super convenient for you to choose the correct size to suit whatever you are using it for.
The bags can be used to keep food fresh in the refrigerator, store leftovers from a home-cooked meal, and make Stasher a to-go container if you take food home from a restaurant. They can also be used to store toiletries and makeup, healthy snacks, and supplements.
Stasher bags are designed to replace single-use plastic with reusable containers. They can help to reduce plastic waste and provide a safe and convenient way to store your food and belongings.
The bags are see-through and colorful, making it easier to find things like accessories, cables for your gadgets, and travel essentials like your passport.
In summary, Stasher is a company that produces reusable silicone bags for food storage. The bags are made of food-grade silicone, patented by their unique closing mechanism, and can be used in the microwave or for storage purposes. They are endlessly reusable and come in four different sizes.
Stasher bags are designed to replace single-use plastic with reusable containers and can help to reduce plastic waste.
Who founded Stasher?
Kat Nouri is the founder of Stasher.
What Was The Outcome Of The Stasher Shark Tank Pitch?
During the Stasher Shark Tank pitch, Kat Nouri sought a $400,000 investment for a 5% stake in her $8 million valued company. She pitched her line of reusable silicone storage bags, which are designed to replace single-use plastic with reusable containers.
The Sharks thought the bags were pricey, but Nouri explained that it was because of the platinum silicone and the patents on the bags’ seals. Mark Cuban made an offer of $400,000 for 15% of the company, which Nouri accepted. However, the deal with Mark never closed.
After the Shark Tank pitch, Stasher was acquired by S.C. Johnson in December 2019 for an unknown amount. As of September 2021, the brand has been able to generate $12 million in revenue annually. The company’s valuation likely increased significantly due to the acquisition by S.C. Johnson.
Did Stasher Get A Deal On Shark Tank?
Yes, Stasher did get a deal on Shark Tank. Kat Nouri, the founder of Stasher, entered the Shark Tank seeking $400,000 for 5% of her business.
She gave her pitch and demonstrated how the bags are used, handing out samples and explaining that she has patents on the bags’ seals. Mark Cuban made an offer of $400,000 for 15% of the business, which Kat accepted. However, the deal with Mark never closed.
What Happened To The Stasher After Its Appearance At The Shark Tank?
After appearing on Shark Tank, Stasher received an investment offer from Mark Cuban, but the deal never closed. However, the company was acquired by S.C. Johnson in 2019. Since then, the company has expanded its product line and received B Corp certification.
Stasher bags are made of pure platinum, food-grade silicone, which makes them both air-tight and reusable. They are safe enough to be used for storing food and keeping in freezers, and they are dishwasher safe.
Stasher bags are designed to replace single-use plastic with reusable containers. The company has been doing well since its appearance on Shark Tank, generating $12 million in annual revenue as of April 2023.
How much was asking on Shark Tank?
Nouri was asking for $400,000 for a 5% ownership of her company, which valued at $8 million.
Is Stasher still in business?
Yes, it is. The firm had annual revenue of $12 million in 2021, two years after its appearance on the show.
Who are Stasher’s competitors?
HotelsPro, Farah Experiences, NTUC Club, and Anex Tour are among Stasher’s main competitors.
Who bought Stasher?
S.C Johnson acquired the firm in December 2019 for an unknown amount.
Is Stasher AB Corp?
No, Stasher is not affiliated with AB Corp.
Are Stasher bags made in USA?
No, Stasher bags are made in China.
Where is the company Stasher located?
The company is located in California, United States.
Where is Stasher products made?
Stasher bags are made in China.
Why are Stasher bags so expensive?
Stasher bags are expensive because the company does not manufacture them in the USA.
Can Stashers go in the oven?
Yes, Stashers can go in the oven.
How do you get the smell out of a Stasher?
Stashers can be put in the dishwasher.
Can you sanitize in a Stasher bag?
Yes, one can sanitize in a Stasher bag.
How long do silicone bags last?
Silicone bags last for three years.
What is the difference between Stasher and Silicone Bags?
Stashers are made from silicone and can be reused, whilst Silicone bags can only be used once.
How many times can you reuse a silicone bag?
A silicone bag may be reused thousands of times.
How often should Stasher bags be cleaned?
Stasher bags should be cleaned at least once a month to ensure the best level of hygiene.
Is Stasher better than the leading brand plastic bags?
Stasher is the only bag that is completely free from toxic and damaging additives, making it completely safe for use around food.
Is there any health risks associated with using a Stasher bag?
No, there are no known health risks for using Stashers.
Are Stasher bags leak-proof?
Stasher bags are leak-proof, making them 100% leak proof.
Are Stasher bags microwave safe?
Stasher bags are microwaving safe; they can be used in the oven and the dishwasher.
Is Stasher bags dishwasher safe?
Yes, Stashers can go in the dishwasher.
What does Stasher do?
Stasher is an idea to reduce the use of plastic bags by making reusable silicon bags. The company is trying to reduce plastic waste by selling reusable silicone products instead of plastic ones.
What is the net worth of Kat Nouri?
Kat Nouri has a net worth is unknown.