Many products make an appearance at the Shark Tank, but Manscaped is one of the few that made a lasting impression. Manscaped is a men’s grooming company that specializes in body care products specifically designed for below-the-waist hygiene. But how are they doing since they left the Shark Tank? What happened to Manscaped after Shark Tank?
This is the question we’re going to answer in this article. We’ll dive into the success story of Manscaped and take a look at what they have achieved since their appearance on the show. We will also discuss how Manscaped continues to stay ahead of the competition, even after Shark Tank.
Manscaped Before the Shark Tank
Before the Shark Tank, Manscaped was relatively unknown in the world of men’s grooming. The company was founded by Steve and Josh King in 2017, with a mission to provide men with quality products that could help them groom their bodies.
Steve and Josh wanted more men to experience the improved level of comfort and confidence that comes with manscaping. They began developing their own line of grooming products specifically designed for male body hair, including trimmers, razors, creams, powders, and more.
While the products are mainly designed to be used on the body below the waist level, the company also offers face and head-shaving products. They provide an all-in-one grooming package to make manscaping easier than ever before.
What made Manscaped unique was the SkinSafe technology they implemented in their products. It is specially designed to mitigate the risk of cuts, nicks, and ingrown hair that can occur when manscaping with a standard razor.
A plow razor that is inside every Manscaped product is designed to reduce the risk of irritation and is ideal for use on curly hair. This innovative design also allows for a closer shave, resulting in fewer nicks and cuts. As such, Manscaped was able to make manscaping an overall safer and more pleasant experience.
The Kings duo started the company with a $ 400,000 investment from kind investors and had grown to a multi-million dollar business before they went on Shark Tank in 2018. This was all thanks to a generous investor, who believed in their mission and gave them the resources needed to create a successful product line.
They also spend some of the money on marketing and have been featured in several popular magazines and online publications, including Playboy, GQ, and BuzzFeed. This helped the company gain recognition from both men and women across the globe.
However, they wanted to grow their business even further, which is why they decided to appear on Shark Tank. They were hoping one of the Sharks would invest in their business and help them take it to the next level. [1] [2] [3]
Manscaped at the Shark Tank
Steve and Josh entered the pitch asking for a $ 500,000 investment in exchange for 7% equity.
The duo started to explain their story and how women would appreciate it if men took more time grooming themselves. They then showed the Sharks their product line and demonstrated how it works. Sharks were entertained by the presentation and were interested in this innovative company with a unique concept.
They give the sharks samples to check out and claim that at least 73% of men manscape. The Sharks were impressed, but they weren’t sure if there was a real market for the products. They asked questions about marketing strategies and sales figures, which Steve and Josh managed to answer satisfactorily.
In the year of 2017, they earned $ 1,5 million in annual sales. Sharks were startled by this figure and asked for more specifics about the company’s growth potential. The grooming kit costs only $ 12 to make and they sell it for $ 51. The profit margin is attractive and the sharks started to become more interested and decided to make them an offer.
Kings spend most of their money on marketing and social media promos. This helped them to achieve a customer acquisition rate of for each dollar spent on advertising. Sharks were astonished by this number and started to consider investing in the company.
Kevin doesn’t think it’s the right time to invest since their model isn’t 100% polished yet so he backs out. Robert has done some manscaping in the past and he feels a potential in this product, so he offers $ 500,000 with 35% equity. Lori too likes the idea, and so does Mark. Mark even considers teaming up with Lori to invest together. The duo then offers $ 500k for 25%. After hearing that, Robert goes out.
Kings try to counter Lori and Mark’s offer but ultimately decides to accept it. After a lot of negotiations, the deal is sealed and Manscaped leaves Shark Tank with an investment of $ 500k for 25% equity. [2] [3]
How is Manscaped Doing After the Show
So Josh and Steve’s appearance on Shark Tank was a success. They left with an investment of $ 500K for 25% equity and the show gave them a lot of exposure. Manscaped has since seen impressive growth in both sales and profits.
Appearance on live TV does its magic and Manscaped has become one of the most popular brands in its category. In just a few months after their appearance on Shark Tank, the company’s online sales went up by hundreds.
As far as we know, they didn’t finalize their deal with Mark and Lori. However, there really was no need for an investor. After the episode aired, Manscaped has become a global brand popular all over the world.
They now have a business combination agreement with Bright Light Venture Capital, a venture capital firm, meaning that the company has raised millions in investments.
Manscaped has also been investing heavily in marketing campaigns – including celebrity endorsements like UFC fighter Conor McGregor who is a brand ambassador. This type of investment has paid off with impressive results: they now feature in multiple media outlets including magazines, podcasts, and TV shows.
Later on, the company released an upgraded version of their product – an “Ultra Premium Collection” with new features and even more powerful enhanced performance. It also comes with more care products such as lip balm and deodorant.
In the past year, they had made an agreement with Pete Davidson from Saturday Night Live as their main investor and spokesperson. And at the time of writing this article, Manscaped has been featured in some of the most prominent publications and continues to grow exponentially. As of 2022, their annual revenue is estimated to be over $ 500 million, up from $ 100 million in 2021. This is an impressive amount worth noting.
And the Manscaped community is an engaging one, with many people sharing their stories and experiences in the comments to the posts.
What further encourages community activity is the blog Manscaped runs on its official website. It covers a range of topics such as personal grooming tips, product reviews, and interviews with interesting people.
As to where you can purchase their products and track their progress, they have a store on their official website. They also have retail partnerships with various stores such as Best Buy, Walgreens, Target, and more. Amazon too is selling its products and things seem to be going well.
The products have thousands of positive reviews and ratings, with many people praising their quality and efficiency. So we believe it’s safe to say for sure the success the Manscaped earned over the years is totally deserved and hasn’t gone to waste. [2] [3] [4] [5] [6] [7] [8]
Manscaped Net Worth
This could be attributed to their innovative take on male grooming, utilizing technology and natural ingredients to create high-quality products, backed by celebrity endorsements and an engaging social media presence.
The team has also been very generous in providing discounts and promotional offers every now and then. This helps them keep customers engaged while also making sure that people try out their product lines without having to break their wallets. [3]
FAQ
How much is Manscaped worth now?
Manscaped is currently valued at a whopping $ 1 billion. Since appearing on Shark Tank in 2018, the company has seen incredible growth. In its first year after appearing on the show, Manscaped saw a giant increase in sales and website traffic. The business has continued to grow rapidly ever since then, bringing in over $ 500 million in revenue each year. Manscaped’s products are now sold all over the world and can be found at major retailers and online.
Is Manscaped making money?
Since their appearance on Shark Tank in 2018, Manscaped has achieved incredible success. In the years since then, they have grown to become a leader in the men’s grooming industry, with products sold in various retailers in the country.
In addition to selling merchandise directly through their website and at retail locations around the world, Manscaped also has partnerships with major retailers such as Walgreens and Amazon. This combination of direct sales and retail partnerships has allowed them to reach a wide audience of potential customers while having an impressive impact on the bottom line.
As for the earnings, Manscaped makes $ 500,000,000 every year so you could say for sure that they are doing pretty well.
Who owns the Manscaped from Shark Tank?
The company, Manscaped, was founded by Steve and Josh King in 2018. After the success of their Shark Tank appearance, Steve and Josh King continue to own and operate Manscaped to this day.
While they didn’t complete the deal with the Sharks, Steve and Josh acknowledge the show’s impact on Manscaped’s visibility. This led to increased sales for their products resulting in a great success story for them.
Since then, Manscaped has seen massive growth with multiple product offerings that include trimmers, razors, blades, colognes and more. The company has also collaborated with some of the largest names in fashion.
At the moment of writing this article, their annual earnings exceed $ 500 million.
Useful Video: Update on Manscaped from Shark Tank – AMAZING SUCCESS!
Conclusion
Many men underestimate the importance of grooming their manhood area and don’t think about using a specialized tool to do it. Manscaped definitely stepped in and changed the game, creating a revolutionary product that makes manscaping easier and more enjoyable than ever before.
Steve and Josh Kings managed to land the deal at Shark Tank, and while they failed to finalize it, it didn’t stop them from getting global!
Today, Manscaped is thriving and has created a successful online store where customers can purchase their products easily and efficiently. The company continues to focus on providing quality products at competitive prices, as well as educating customers about how important it is for men to take care of their intimate areas.
They have earned the support of other investors as well as managed to secure many partnerships. With the help of these investments and partnerships, Manscaped will continue to innovate and bring amazing products to the market.
At the time of writing this article, Manscaped has achieved $ 500 million in earnings, proving that they are well on its way to becoming a global manscaping sensation!
Manscaped is definitely here to stay. With the right approach to marketing, product development, and customer support, it will be interesting to see what this brand has in store for us in the future! We can only wish them good luck in their endeavor and success in all of their business decisions. All we can do now is wait until something new happens with Manscaped – you can be sure that we’ll keep an eye on it.
References:
- https://www.sharktankblog.com/manscaped-manscaping-products/
- https://www.sharktankblog.com/business/manscaped/
- https://bizzbucket.co/manscaped-shark-tank-update/
- https://www.manscaped.com/
- https://www.instagram.com/manscaped/?hl=en
- https://twitter.com/manscaped
- https://www.amazon.com/stores/MANSCAPED/page/71A90570-28A1-499F-8B48-2ACCA2F9C50A?ref_=ast_bln
- https://www.manscaped.com/blogs/news/what-stores-is-manscaped-sold-in