wipenSnap Net worth
SwipenSnap was valued at $1.2 million before appearing on Shark Tank and had only made $15,000 in sales prior to the show.
After the investment from the Sharks, the company’s net worth was estimated to be around $240,000 or up to $2 million. SwipenSnap is a set of a one-hand diaper cream applicator and a suction cup to hold it in place.
What is SwipenSnap? Who is the founder of SwipenSnap?
SwipenSnap is an applicator for ointments that is specifically designed for parents to use with just one hand. Its primary goal is to reduce the amount of waste and time involved in changing diapers, while also improving hygiene.
The founder of SwipenSnap is Alina Kravchenko, who currently serves as the CEO of the company. She came up with the idea for the product when she was struggling to apply diaper rash cream to her son due to her busy schedule.
The product itself is a soft and flexible applicator that can be attached to the tube of diaper cream using a suction cup cap. It is available for purchase at a price of $24.99.
What Happened to SwipenSnap at the Shark Tank pitch? What Happened to SwipenSnap after Shark Tank?
During her appearance on Shark Tank episode 1213, Alina Kravchenko, the founder, and CEO of SwipenSnap presented her unique applicator for diaper rash medication to the Sharks. She requested $120,000 in exchange for a 10% stake in her company, which was valued at $1.2 million.
Alina mentioned that she had only generated $50,000 in sales in the previous two years, but had held off on marketing until she obtained patent protection.
Daniel and Kevin showed interest in the product and its screw top technique, which is at the core of the product. Ultimately, Alina accepted a joint offer from Daniel and Kevin, who proposed $120,000 in exchange for 50% equity shares (25% each) and a concentration on licensing possibilities for the screw top technology.
After appearing on Shark Tank, Alina Kravchenko entered into a partnership with Lori and Kevin. As of July 2021, the terms of the agreement had been settled. As of February 2022, the company was still operating, but its financial results were uncertain.
Competitors of SwipenSnap
SwipenSnap has no direct competitors. The most popular ointment applicator is the Baby Magic Micro-fiber Diaper/Ointment Applicator.
Net Worth of SwipenSnap
During the Shark Tank pitch, SwipenSnap was valued at $1.2 million. After the investment from the Sharks, the company was worth $240,000.
As the company is still operating, it is possible that the current net worth of the company is higher than what it was valued at during the pitch.
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SwipenSnap FAQs
What is SwipenSnap?
SwipenSnap is an ointment applicator that may be used with one hand. Parents may effortlessly apply ointment to their infants while holding them tightly in the other hand.
Who is the founder?
Alina Kravchenko is the founder and CEO of SwipenSnap.
How much was seeking on Shark Tank?
Alina was seeking for $120,000 for 10% equity share in her firm in the Shark Tank Episode 1213.
Did she have the deal?
Yes, she did with Lori Griener and Kevin O’ Leary.
How much was the deal?
They invested $120,000 for 50% equity shares of the company.
Is SwipenSnap still in business?
Yes, SwipenSnap is operating as of February 2022.
Where can I buy SwipenSnap?
Customers can buy SwipenSnap from their official website at swipensnap.com or Amazon.
How much does SwipenSnap cost?
SwipenSnap costs $24.99 on their official website after subtracting the coupon code.
What is SwipenSnap’s revenue?
According to Alina, she had only made $50,000 by the time she entered the Shark Tank.
Where are SwipenSnap products sold?
The products are sold on Swipensnap.com and Amazon.com, major retail stores and baby boutiques around the world.
Is SwipenSnap shipping?
The products are shipped worldwide.
What is the shipping cost of SwipenSnap?
Shipping cost is $4.99 for orders over $50.
What is SwipenSnap return policy?
Return of goods is accepted within 30 days from the date of delivery or shipment. Refunds are not accepted for products that are returned in a damaged state, or due to loss in transit, or due to any other event beyond the control of the company including but not limited to: fire, flood, earthquake, theft and/or computer malfunctioning.
How does SwipenSnap take to deliver the products?
The products are shipped within 24 hours of payment confirmation.
Who are the official distributors of SwipenSnap?
SwipenSnap is available in Amazon and other retail stores.
Is SwipenSnap for boys or girls?
SwipenSnap is for both boys and girls, albeit slightly expensive for girls’ use.
How do I pay for SwipenSnap?
The company allows customers to make payments via PayPal or credit card, which can be viewed on the official website at swipensnap.com or bought on Amazon.
Where is SwipenSnap official office?
The company is based in Los Angeles, California, USA.
Is SwipenSnap FDA approved?
SwipenSnap is listed as a non-FDA approved product.
What is SwipenSnap made of?
SwipenSnap is made of soft, flexible, non-toxic plastic.
Is SwipenSnap safe for kids?
The company sells the products solely for external use by children. It should be used as per the supplied instruction manual.
How is SwipenSnap different from other ointment applicators?
SwipenSnap is a flexible, soft application device that connects to a tube of diaper cream through a suction cap. When attached, parents can freely apply diaper rash lotion with one hand, whereas other ointment applicators require two hands to be used in one hand.
Who are the target ages of SwipenSnap?
The products are meant for use by children who are at least six months old.
How many colors are available?
SwipenSnap is available in one color.
How many different sizes does SwipenSnap offer?
The company offers only one size for all their products.
Is SwipenSnap having any side effect to a child?
SwipenSnap does not come with any side effect to a child. However, the products are made of soft plastic that may be a potential choking hazard if swallowed.
How long does SwipenSnap last?
Although the company is still operational, it is unclear how long the products may last depending on usage and care.
Who is the CEO of SwipenSnap?
Alina Kravchenko is the CEO of SwipenSnap.
What is the net worth of Alina Kravchenko?
Alina Kravchenko net worth is still unavailable.
