Gently Soap Shark Tank Net Worth: Gently Soap, a line of bar soaps infused with herbs designed to cater to the needs of sensitive skin, was established in 2020 by Kristen Dunning.
The business became well-known after Candace Nelson made a deal with it on season 15 of Shark Tank. In this article, we will look at Gently Soap’s net worth, earnings and revenue, and long-term prospects.
What is Gently Soap?
Gently Soap is a brand of herbal skin care items. There are different flavored soaps from this brand right now that can help with skin problems like acne.
It is vegan, doesn’t contain any essential oils or fragrances, doesn’t have any dyes or colors, and doesn’t contain any palm oil. Gentle Soap makes natural, vegan, and eco-friendly soaps that are meant to help skin diseases like eczema and psoriasis feel better and get better. This soap can be bought on Amazon and the business website.
Brief Information About Gently Soap
|Vegan, free from essential oils, fragrances, dyes, colors, and palm oil.
|Herbal skincare items, including bar soaps.
Who is the Founder of Gently Soap?
Kristen Dunning is the founder and CEO of Gently Soap Brand. Kristen started this business after going to Georgia University to study Horticultural Science and Agricultural Communication.
She won a total of $54,500 by participating in numerous Startup Competitions, including the 2022 TiE Atlanta, 2022 Terry College of Business Student Startup Awards, and many others.
There are also additional brands that become well-known after appearing on Shark Tank. To know how much is their net worth, click on the provided links: Nana Hats Shark Tank, HairFin Shark Tank, and ReadeREST Shark Tank
Gently Soap Shark Tank Net Worth
Gently Soap is estimated to have a net worth of $1 million. Due to the huge profit margin of soap, this firm was lucrative right from the start.
The National Institute of Allergy and Infectious Diseases says that as many as 30% of Americans have skin diseases like eczema. For every year, this number keeps going up.
How Was Gently Soap’s Shark Tank Pitch?
After going on “Shark Tank,” Kristen asked the investors for $75,000 in exchange for a 10% stake in her business. She then told the Sharks her business and story. The first sale was in February 2021, and the total amount sold so far in 2023 is $113,000.
Surprisingly, 78% of orders come from return customers. In 2022, the business made $66k in sales and $38k in profit. Making and packing them costs $2.38, and they sell for $11. The cost of getting a new customer is $5.83 right now.
Kevin O’Leary gave them $75,000 plus royalties of $1 for every unit sold until they paid $500,000. He wanted a 10% share. Candace Nelson offered $75,000 for 30% of the business. Kristen offered $75k in exchange for 15% ownership. Nelson said not to.
Nelson said no when Kristen asked for another 20% share. Nelson agreed with Kristen’s offer of another 25% stock.
Does Gently Soap Still Exist?
Yes, Gently Soap remains in work as of 2024. Gently Soap began selling in 2021, and the founder of the company also got money from it. This soap can keep you from getting eczema, which is why 78% of people who buy from this company buy from them again.
The main office of this business is in Athens, Georgia, USA, and its LinkedIn page says it has 2–10 employees and its official website is gentlysoap.com.
In conclusion, Kristen Dunning started the herbal skincare brand Gently Soap in 2020. The brand got a lot of attention after making a deal with Candace Nelson on season 15 of Shark Tank. The soap was popular because it helped skin conditions like eczema and psoriasis.
It was made for sensitive skin and didn’t have any harsh chemicals. With an estimated net worth of $1 million, Gently Soap took advantage of a profitable market: skin diseases touch a lot of people.