Young King Hair Care Shark Tank Net Worth-What Happen After The Shark Tank?
Young King Hair Care Shark Tank Net Worth
Young King Hair Care appeared on Shark Tank seeking $225,000 in exchange for 2.5% equity in the company valuing the company at $9 million.
Young King Hair Care is a hair care product line for men of color, founded by Stefan and Cora Miller. The Millers created the line in 2019 after they couldn’t find quality, natural hair care products for their son or other men and boys with natural, curly hair.
Young King Hair Care was featured on Shark Tank in March 2022. The Millers asked the Sharks for $225,000 for just 2.5% of the company, valuing the company at $9 million. However, none of the Sharks made an offer to them.
Although they did not receive an investment from the sharks, their branding was done in the US market and their products are now available in over 3000 Target and Walmart stores across the United States.
According to a startup blog, Young King raised $1.6 million in a seed round led by SheaMoisture co-founder Richelieu Dennis.
Young King’s net worth during the Shark Tank was $9 million (business valuation).
What Is Young King Hair Care And Who Founded Young King Hair Care?
Young King Hair Care is a plant-based, natural grooming company for multicultural boys, teens, and young adults.
It was founded by Cora Miller and her husband Stefan in December 2019. The idea for the company was inspired by their son Kade who was born with a head full of hair.
Cora Miller wanted to create tailored hair products for black and brown boys that were not available on the market at the time. She contacted manufacturers and chemists to develop products specifically designed for textured hair.
Young King Hair Care has since become a successful business with its own line of products including shampoos, conditioners, and sunscreens.
What Happened To Young King Hair Care At Shark Tank?
Young King Hair Care is a haircare brand that caters to men and boys of color. The company was founded in 2019 by husband and wife duo Stefan and Cora Miller.
In 2021, the couple appeared on Shark Tank to seek an investment of $225,000 for 2.5% equity in their business. Despite impressing the Sharks with their niche product and growth story, they declined two offers from the Sharks and left without a deal.
Since appearing on Shark Tank, Young King Hair Care has seen an increase in sales from $4,100 in 2019 to $362,000 in 2021 with projections of $3 million. They have also seen an increase in brand recognition due to the exposure from Shark Tank.
The Millers are currently focusing on marketing and expanding their products to different supermarkets as they continue to grow their business without a Shark’s investment.
What Happened To Young King Hair Care After Shark Tank?
Young King Hair Care is a hair care product line specifically designed for Black and Brown boys. The founders, Stefan and Cora Miller were inspired by their son to create the line of products.
They appeared on Shark Tank in Season 13, asking for $225,000 for 2.5% equity but did not get a deal from any of the Sharks. However, they received positive feedback from the Sharks and their branding got done in the United States market.
Since appearing on Shark Tank, Young King Hair Care has continued to grow. In 2021, they had $300,000 in sales with a $9 million valuation. They are currently working on expanding their products to different supermarkets and focusing on marketing to grow the company.
The Millers had hoped to use the Sharks’ ties and connections to build their business but are now fine doing it on their own. Young King Hair Care has received attention from media outlets and fans since appearing on Shark Tank.
They were featured in an episode that aired on March 25th, 2022. Fans have expressed support for the brand on social media platforms such as Twitter.
Is Young King Hair Care Still In Business?
Yes, Young King Hair Care is still in business as of December 2022. The company was started in 2019 and is headquartered in Atlanta, Georgia.
Young King Hair Care is a natural, plant-based hair brand specially formulated for the hair of black and brown boys. Initially, they started with three products a conditioner, an essential oils blend, and a curling cream.
The company’s branding got done in the United States market after appearing on Shark Tank but did not get investment from the sharks.
Young King Hair Care products were quickly placed in Targets and Wal-Marts nationwide after their launch in 2019. They were part of a special Target acceleration program that Range Beauty was also part of.
The founders used to work at Fortune 500 companies like General Mills and Coca-Cola before starting Young King Hair Care.
The company’s website lists several products available for purchase, including leave-in conditioner water, essential oil blends, curling cream, and more.
