Soapen Net Worth How Much Is Soapen Worth?

Have you ever wondered about the net worth of Soapen? Soapen, the company known for its innovative kid-friendly hand soap designed like a pen, has been making waves in the market. Founded in 2015 by Amanat Anand and Shubham Issar, Soapen gained significant attention when they appeared on Season 13 of Shark Tank in 2021. So, how much is Soapen worth? Let’s dive into their net worth journey and find out!

soapen net worth

As of 2021, Soapen had a net worth of $1 million when they appeared on Shark Tank. During their appearance, they struck a deal with Nirav Tolia and his wife, securing a $100K investment in exchange for a 10% equity stake in the company. Additionally, Soapen receives a $1 royalty for every unit sold until they reach $200K.

Today, Soapen is still going strong, with approximately 10 employees and a growing presence in the market. With their unique product and entrepreneurial spirit, the founders have managed to increase the company’s net worth over the years.

Key Takeaways:

Soapen, founded in 2015, appeared on Shark Tank in 2021 and had a net worth of $1 million.
They made a deal with Nirav Tolia, receiving a $100K investment and a $1 royalty for every unit sold until $200K.
Soapen is still in business and has around 10 employees.
The founders of Soapen are Amanat Anand and Shubham Issar.
Their net worth is estimated to be $2 million as of 2023.

SoaPen Net Worth Timeline

The net worth of SoaPen in 2023 is not disclosed. In 2021, their net worth was valued at $1 million after appearing on Shark Tank. There was no change in their net worth valuation before appearing on the show.

SoaPen’s net worth update for 2022 is eagerly awaited by fans and investors alike. With their innovative product and successful appearance on Shark Tank, there is anticipation for a potential increase in their net worth. However, the exact figures remain undisclosed at this time.

Despite the absence of specific net worth information for 2023 and beyond, SoaPen continues to make strides in the market and gain popularity with their unique hand soap product.

“Our appearance on Shark Tank was a major milestone for us,” says Amanat Anand, one of SoaPen’s founders. “While our net worth may have remained unchanged prior to the show, the exposure and deal we secured have undoubtedly contributed to our growth and success.”

As the journey of SoaPen continues, there is potential for their net worth to evolve and reflect their ongoing accomplishments in the market. Stay tuned for more updates on SoaPen’s net worth and the impact of their innovative product!

SoaPen Pitch on Shark Tank

SoaPen’s founders, Amanat Anand and Shubham Issar, showcased their innovative hand wash soap designed for kids on Season 13 Episode 04 of Shark Tank. The product, with its unique pen-like design, caught the attention of the investors and the audience alike.

The founders made a compelling pitch, seeking a $100K investment in exchange for a 10% equity stake in the company. They emphasized the importance of promoting hygiene among children in a fun and engaging way. The sharks were intrigued by the concept and recognized the potential for market success.

Ultimately, Amanat and Shubham struck a deal with Nirav Tolia and his wife, sealing the partnership with a $100K investment and an additional agreement. As part of the deal, SoaPen would receive a $1 royalty for every unit sold until they reach a total of $200K in royalties.

This favorable agreement significantly contributed to SoaPen’s net worth and provided them with the financial backing to further develop their product and expand their reach in the market.

Investment Deal Details:

Note: The table below provides an overview of the investment deal negotiated on Shark Tank:

Investor	Investment Amount	Equity Stake	Royalty Agreement
Nirav Tolia and his wife	$100,000	10%	$1 royalty per unit sold until $200,000 in royalties

Soapen Pitch

SoaPen Founders

soapen net worth biography

Amanat Anand and Shubham Issar, both born in India, are the founders of SoaPen. They established the company in 2015 with a vision to create innovative and engaging products for children’s hygiene. Both Amanat and Shubham hold a Bachelor of Fine Arts (BFA) education, which provided them with a strong foundation for their creative endeavors.

In recognition of their entrepreneurial achievements, Amanat and Shubham were honored in Forbes’ 30 Under 30 list in 2017. This prestigious acknowledgment highlighted their exceptional contributions to the industry and demonstrated their commitment to making a positive impact.

As of 2023, Amanat Anand and Shubham Issar have achieved significant success with SoaPen, and their net worth is estimated to be $2 million. Their dedication, creativity, and entrepreneurial spirit have propelled them to great heights and positioned SoaPen as a leader in the children’s hygiene market.

Key Accomplishments

SoaPen has achieved significant milestones that have contributed to its overall net worth. In 2021, the company appeared on Season 13 of Shark Tank, a popular television show for entrepreneurs. During their pitch, SoaPen secured a deal with Nirav Tolia and his wife, further bolstering their financial standing.

“We are thrilled to be partnering with SoaPen,” said Nirav Tolia. “Their innovative product and mission to promote hand hygiene among children align perfectly with our values.”

In addition to their successful Shark Tank appearance, SoaPen conducted a Kickstarter campaign in October 2017, raising $28,460 from backers who believed in their vision. These achievements demonstrate the recognition and support that SoaPen has received from both investors and the general public.

While detailed financial information such as earnings, income, and assets is not publicly available, these notable accomplishments have undoubtedly contributed to SoaPen’s overall net worth and financial status.

Shark Tank Success

Appearing on Shark Tank allowed SoaPen to gain national exposure and secure a valuable partnership with experienced investors. This opportunity not only provided the company with additional funding but also opened doors to new distribution channels and marketing opportunities.

Kickstarter Campaign

The success of SoaPen’s Kickstarter campaign showcased the public’s enthusiasm for their innovative product. By leveraging crowdfunding, SoaPen was able to raise funds directly from consumers who believed in their mission to make handwashing fun and engaging for children.

Impact on Net Worth

Although specific financial details are undisclosed, SoaPen’s achievements on Shark Tank and through their Kickstarter campaign have undoubtedly contributed to their net worth and financial stability. These accomplishments illustrate the company’s market recognition and potential for future growth.

soapen net worth assets

Key Accomplishments	Date
Secured a deal on Shark Tank	2021
Raised $28,460 through Kickstarter	October 2017

SoaPen in Business

As of 2023, SoaPen is still in business and can be purchased through their website and platforms like Amazon. They continue to produce and sell their hand wash soap for kids.

hand wash soap for kids

SoaPen is committed to providing a fun and creative way for children to maintain good hand hygiene. Their kid-friendly hand wash soap, designed in the shape of a pen, appeals to young ones and encourages them to develop healthy habits.

With their continued presence in the market, SoaPen ensures that parents and guardians have easy access to their products. By offering online purchasing options through their website and established platforms like Amazon, SoaPen reaches a wide customer base.

Since its inception, SoaPen has received positive feedback from parents, educators, and even children themselves. The unique and innovative design, combined with the effectiveness of the hand wash soap, has made SoaPen a popular choice among families.

SoaPen’s dedication to producing high-quality products for kids has contributed to their sustained success in the industry. As they continue to expand their reach and introduce new innovations, SoaPen remains a trusted brand for parents seeking safe and engaging hand hygiene solutions for their children.

SoaPen Product Overview

Introducing SoaPen, a kid-friendly hand soap designed to make handwashing fun and engaging. Shaped like a pen, it comes in three vibrant colors: Tangy Tangerine (red), Berry Blast (blue), and Fresh Pear (green). Kids will love the playful design, making hand hygiene an enjoyable experience.

SoaPen Product Overview

Each SoaPen has a soap capacity of 33 ml, ensuring lasting use before a refill is needed. It’s the perfect size for little hands, promoting independence and building good hygiene habits. Plus, parents can feel confident knowing that SoaPen is free from harmful ingredients such as SLS, parabens, Phthalates, and EDTA.

Using SoaPen is simple and easy. Kids can draw fun patterns or even write on their hands using the soap pen. Then, with a splash of water, they can watch as the soap magically transforms into a gentle lather that rinses away dirt and germs. It’s a creative and effective way to encourage thorough handwashing.

SoaPen is available for both one-time purchase and subscription options, providing flexibility for every family’s needs. Whether you’re looking for a convenient refillable option or prefer the convenience of regular deliveries, SoaPen has you covered.

Key Features of SoaPen:

Kid-friendly hand soap in a pen-shaped design
Three vibrant colors: Tangy Tangerine (red), Berry Blast (blue), and Fresh Pear (green)
33 ml soap capacity
No SLS, parabens, Phthalates, or EDTA
Easy to use – draw on hands and wash off
Available for one-time purchase and subscription options

Make handwashing a fun and interactive experience with SoaPen. It’s the perfect solution to promote good hygiene habits while keeping kids engaged and excited about cleanliness.

SoaPen’s Success After Shark Tank

After their appearance on Shark Tank, SoaPen experienced a tremendous surge in sales and gained widespread popularity. The episode created a buzz that led to a complete sellout of all their soaps, demonstrating the high demand for their innovative product. Additionally, SoaPen received an overwhelmingly positive response from users on various social media platforms, further boosting their reputation and credibility.

The increased demand for SoaPen’s products prompted the company to ramp up production to ensure they could meet customer needs. They have also expanded their product line by introducing new offerings, such as the “SoaPen x Potty Training Book Bundle,” catering to a broader range of customers and capturing additional market share.

Moreover, SoaPen’s success after Shark Tank extended beyond customer sales. In February 2022, they secured a significant investment of $150,000 from MassChallenge, a renowned seed-stage investor. This investment further validated the potential and value of SoaPen’s business model, affirming their financial stability and growth prospects.

SoaPen's Success After Shark Tank

Customer Feedback and Testimonials

“SoaPen has been a game-changer for my kids’ handwashing routine. They love the pen design and use it enthusiastically, making hand hygiene fun and engaging.” – Parent and satisfied customer

“I bought the SoaPen x Potty Training Book Bundle, and it has been a great tool to teach my toddler the importance of handwashing. The soap pen and the interactive book make learning hygiene habits enjoyable and effective!” – Happy customer

New Products by SoaPen

In addition to their original soap pen design, SoaPen has expanded their product range to offer more options for their customers. Some of their latest offerings include:

SoaPen Foam Dispenser: A convenient and mess-free way to dispense SoaPen’s hand wash foam.
SoaPen Refill Pods: Environmentally-friendly refill packs for the SoaPen, minimizing plastic waste.
SoaPen Kids Brush Set: A set of colorful brushes designed to make handwashing a fun and interactive activity for kids.

SoaPen’s Current Financial Status

Thanks to their remarkable success after Shark Tank, SoaPen’s net worth has significantly increased since their appearance on the show. As of today, their net worth reflects their growing business and expanding market presence. While the exact figures are undisclosed in public records, SoaPen’s elevated financial status is a testament to their dedication, innovative product offerings, and the trust they have garnered from their customers and investors.

History and Importance of Soap

Soap has been used for centuries for cleaning and hygiene purposes. The concept of soap emerged as a way to make handwashing more enjoyable for kids. SoaPen founders, Amanat Anand and Shubham Issar, were inspired by soap crayons and created a kid-friendly hand soap that can be used for drawing on the skin before washing.

SoaPen Founders’ Recognition

Amanat Anand and Shubham Issar, both originally from India, have earned recognition for their entrepreneurial endeavors. In 2017, they were listed in Forbes’ 30 Under 30 for their work with SoaPen. They both hold a Bachelor of Fine Arts (BFA) degree from an accredited institution.

Forbes’ 30 Under 30 Recognition

“Being recognized in Forbes’ 30 Under 30 was a huge honor for us,” said Amanat Anand, co-founder of SoaPen. “It validated our hard work and dedication to creating innovative products that make hygiene fun and accessible for kids.”

Education and Creative Background

Amanat Anand and Shubham Issar’s Bachelor of Fine Arts degrees have played a significant role in their ability to combine creativity with entrepreneurship in developing SoaPen. Their artistic expertise and passion for making a positive impact on children’s hygiene have propelled them to success.

Image:

soapen net worth biography

Awards and Achievements

Forbes’ 30 Under 30 recognition for their work with SoaPen
Bachelor of Fine Arts (BFA) degrees in their respective fields

Passionate and Innovative

“Our shared passion for creativity and innovation drives us to constantly push boundaries and develop products that make a difference,” said Shubham Issar, co-founder of SoaPen. “We believe that by engaging children in the process of handwashing, we can instill good hygiene habits from an early age.”

Amanat Anand and Shubham Issar’s commitment to combining creativity, entrepreneurship, and social impact has not only led to the success of SoaPen but also earned them recognition in the industry.

Awards and Recognition	Date
Forbes’ 30 Under 30	2017

Conclusion and Future Outlook

SoaPen’s journey from their appearance on Shark Tank to their continued success as a business exemplifies their ability to transform a unique concept into a thriving brand. With a net worth that reflects their outstanding achievements in the market, SoaPen stands as a testament to the power of innovation and determination.

As they move forward, SoaPen remains committed to meeting the growing demand for their products and exploring new opportunities for expansion and improvement. Constantly striving for innovation, they aim to bring even more creative and engaging products to their young customers. With their dedication to quality and customer satisfaction, SoaPen’s future looks bright and promising.

By combining their passion for children’s health and hygiene with their entrepreneurial spirit, SoaPen’s founders, Amanat Anand and Shubham Issar, have carved out a unique space in the market. Building on their current success, they continue to innovate, inspire, and make a positive impact on children’s hygiene practices.

FAQ