SoaPen was created by Shubham Issar and Amarat Anand with the intention of making washing hands more fun for kids. SoaPen are colorful pens filled with soap.
Basically, they make colorful soaps to grab kids’ attention. The product is designed for children and is well-hygienic.
|Founders||Amarat Anand And Shubham Issar|
|Business||Colorful Soap Filled Pen|
|Asked for||$100,000 For 10%|
|Final Deal||$100,000 For 10% + $1 Royalty Until $200,000 Is Repaid|
|SoaPen Net Worth||$2 Million (Last Updated 2022)|
SoaPen Net Worth
In 2022, SoaPen’s net worth reached $2 million. This Brand sells its products on Amazon and its official website.
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As a start-up company, SoaPen is making soap sanitizers for children in a variety of colors. Colorful soap is packaged in a pen-like device, so kids can bring the colorful pen to school with them.
As a result of this, children are able to sanitize at all times during the day. In this way, children are encouraged to wash their hands in a fun way.
This product is made from many natural ingredients. There are hardly any chemicals in it, and it is available in three different colors: orange, green, and blue.
With this soap, children can also draw funny faces on their hands while avoiding viruses.
The founders of this innovative company are two Indian female students: Amarat Anand and Shubham Issar.
After the COVID-19 pandemic, many people realized that they don’t actually wash their hands for 20 seconds.
The SoaPen was created by Amarat Anand and Shubham Issar together with the goal of making hand washing fun for children of all ages. As a result, they created soap that can be used as crayons. Using SoaPen, children can draw on their hands and then rinse them off.
SoaPen Shark Tank Deal
In order to expand their company, the founders, Amarat Anand and Shubham Issar, appeared on Season 13, episode 4 of Shark Tank. Originally from India, they came to the United States to participate in SharkTank in search of investors.
The founders demanded $100,000 for a 10% stake in the company. Sharks were so impressed by this concept that they agreed to purchase 10% of the company for $100,000 and $1 a share until the company repaid the $200,000 in full. The deal was offered to them by Nirav Tolia, and it was an offer that could not be refused.
What Happened to SoaPen After Shark Tank Deal?
With the growth of SoaPen, it is now a much larger business with a number of products to offer.
Aside from SoaPen, they now offer hand sanitizer gel for kids as well. They also sell their products on Amazon besides their online store.