Wondercide Shark Tank Net Worth 2023
Wondercide is a natural pest control product, offering eco-friendly and safer products for pets, home and garden. Its valuation was estimated to be $16.6 million in 2021, and is estimated to reach $20 million by 2022.
This increase in valuation is attributed to its successful marketing efforts, product development, and expansion of its distribution channels across the United States.
Additionally, Wondercide has made considerable investments into research & development activities in order to continue developing innovative solutions for customers’ needs.
Through increased investments into R&D as well as its focus on providing high quality products at competitive prices, Wondercide’s net worth continues to grow year after year.
What is Wondercide?
Wondercide is a company that specializes in providing safe and eco-friendly alternatives to traditional pesticides. They offer biodegradable and organically-produced insecticides for both pets and humans, which can be used indoors and outdoors.
Stephanie Boone, a Baylor University graduate with a background in start-up development, founded the company in 2009 and remains the current CEO. She also founded BOON, a research and development firm.
Laura, who holds an MBA from Bentley University and has a marketing background, previously served as the company’s CMO before leaving in 2016 to become the Vice President of Marketing for an energy firm in Austin, TX.
Wondercide was born out of Stephanie’s personal experience when her dog, Luna, became sick after being exposed to a pest control medicine. Through her research, Stephanie discovered that this was a common issue for both pets and humans.
Together with Laura, they formulated an alternative solution using chemicals they found in their research, which successfully treated Luna and extended her life by 6 years.
After receiving positive feedback and sales from selling their solution online and at farmers markets, their story caught the attention of the Shark Tank producers.
What Happened to Wondercide at Shark Tank Pitch?
Stephanie and Laura suggested entering Shark Tank by offering a 5% stake in their company in exchange for a $500,000 investment. Daymond John made an offer of $500,000 for a 15% equity share in the business, while Mark Cuban and Robert Herjavec decided not to proceed after evaluating the product.
Kevin O’Leary proposed investing $500,000 in exchange for a 6.75% royalty on each unit sold until $1.5 million was repaid, and then a 3% stake in the company.
Eventually, Lori Greiner made an offer of $500,000 for a 3% stake in the company and a $0.50 royalty per unit sold. Stephanie and Laura accepted Lori’s offer, and the deal was finalized with her.
After the Shark Tank episode, Stephanie and Laura expressed their excitement about working with Lori, as the terms of the deal suited everyone’s interests. The partnership has been highly successful for all parties involved, with minimal equity and a royalty clause.
Wondercide utilized the $500,000 investment to hire crucial personnel, including the company’s first salesperson, which was a significant milestone for a business that had previously generated over $5 million in revenue without any sales. The addition of a sales manager resulted in remarkable growth.
By 2016, the Wondercide brand was available at numerous pet care stores and over 650 outlets across the country. Furthermore, the company plans to expand its impact by establishing new independent retail channels and reaching a wider audience.
Additionally, Wondercide educates people about the hazards of synthetic pesticides and promotes the use of safe, natural alternatives in households. Overall, the Wondercide business has grown significantly.
Wondercide has numerous competitors, including Chewy, Only Natural Pet, PetSmart, PetMeds, Pet Supermarket, Petco, Pet Valu, Woof Gang Bakery, Elanco, and Petsho Shop.
Wondercide Net worth
Wondercide valuation is estimated to $16.6 million in 2021.
What is Wondercide?
Wondercide is an environmentally safe and healthy option for pet and household care owners. Wondercide is a firm that specializes in manufactured chemical alternatives to conventional pesticides.
Who owns Wondercide?
Stephanie Boone is the founder of Wondercide.
What is their offer on Shark Tank?
Stephanie and Laura asked a $500,000 investment for a 5% equity share of the firm.
Did they get a deal?
Yes, Lori Greiner made an offer of $500,000 for 3% equity share and a royalty of 50 cents per unit sold. Then, they closed a deal with Lori Greiner.
What is the revenue of Wondercide?
Wondercide made revenue of $5.7 million in the year 2015.
Where can you buy Wondercide?
One can buy Wondercide on Amazon or even at Petco.com. The retailers have a limited number of products on them, so they will find all their products at creating petsolutions.com.
Where is Wondercide based?
The Wondercide headquarters is located in Austin, Texas.
Can I buy Wondercide Products from the online retailers?
Wondercide products are available at retailers including PetSmart, Pet Valu and PetSupermarket.com. The products can also be purchased from a variety of local pet shops and dog boutiques across the U.S.
How does it make money?
Wondercide makes money by selling natural products to pet owners, who prefer to use the product rather than the pesticides.
What is their factory address, contact info?
The Wondercide Factory Address is in Austin, TX .Wondercide is available on their website is located at www.wondercide.com.
Where to find Wondercide on social media?
The Wondercide social media pages are available on Facebook, Twitter and YouTube.
Why did Lori Greiner invest?
She invested because she felt that the product was remarkable and she wanted to help Stephanie and Laura expand their business. Lori also said that her family always has pets.
How many products does the company manufacture?
There are 3 different kinds of products Wondercide manufactures: Original Wondercide, Natural Pest Control and Human Pesticides.
How many employees?
There are 100 employees in the Wondercide.
What is the company valuation?
The Wondercide company valuation is $16.6 million in 2017.
Is Wondercide truly organic?
The Wondercide Spray is a safe and effective alternative to chemical flea and tick repellents. This spray is completely natural and produced from plants, making it safe to use not only on their dogs and other animals, but also in their house.
Is it possible for Wondercide to cause seizures?
It was poisoned by pesticides from monthly flea-and-tick medicine and quarterly pest control treatments, which are often given.
Chronic skin problems, liver and renal failure, and convulsions were among the worst side effects.
Is Wondercide poisonous?
Yes, in a nutshell. Wondercide products are free of conventional pesticides and cat-toxic oils.
Is Wondercide effective against mites?
Wondercide kills dust mites and a variety of other home pests on contact. Consider their Indoor Pest Control or Pets and Home Flea and Tick Control.
Is Wondercide safe to spray on plants?
Yes, because it is manufactured with natural essential oils, it is safe to use on yards, gardens, patios, and parks, as well as on flowers, siding, brick, and paint.
This strong spray will treat and prevent depending on the water pressure and application speed.
Is Wondercide safe to use in the presence of birds?
Due of the highly sensitive respiratory systems of birds and hens, we do not advocate applying Wondercide products directly on them.
If treated outdoors, it is permissible to spray the surroundings around birds and hens, but not directly on these animals.
Are dog mites capable of infecting humans?
Sarcoptic mange, often known as canine scabies, is the most prevalent kind of mange in dogs.
While humans can get Sarcoptic mange from dogs, the mites responsible are unable to complete their life cycle on human skin. As a result, the condition may cause mild skin irritation in humans, although it is transient.