SoaPen Net Worth 2022 – Shark Tank Update

SoaPen is a company founded by Amarat Anand And Shubham Issar. They appeared on the 13th season of the popular documentary, Shark Tank.

They have a very unique and creative business concept that they hoped would impress the sharks to give them a deal of at least $100,000 for 10% of the company.

The question is, are their business concept creative and unique enough?

Let’s find out how they have achieved a net worth of over $2 million.

Quick Facts About The SoaPen Shark Tank Company

SoaPen Shark Tank Episode

Season 13 Episode 4

Business Type

Colorful Soap Filled Pen

Owners

Amarat Anand And Shubham Issar

Asked For On Shark Tank

$100,000 For 10%

Offer Accepted On Shark Tank

$100,000 For 10% + $1 Royalty Until $200,000 Is Repaid

Shark

Nirav Tolia

Net Worth

$2 Million

What Does The SoaPen Company Do?

SoaPen is a soap sanitizer startup company that makes colorful soap for children. The colorful soap comes in the form of a pen which children can take to school.

The children can then use this to sanitize throughout the school day. Their goal is to make hand-washing fun for children. You can learn more about the brand by watching this video.

How Was The SoaPen Idea Born?

The COVID-19 pandemic showed the hard truth that people don’t actually wash their hands for the recommended 20 seconds.

Amarat Anand And Shubham Issar created SoaPen to make handwashing a lot more fun for children. The idea started to create a soap that can be used as a crayon. Someone could draw on a child’s hand, and then the child could wash it off, and use it as soap.

Learn more about the brand on their Instagram account.

What Offer Did They Walk Away With After Their Shark Tank Episode?

Amarat and Shubham are from India and traveled all the way to the USA to appear on SharkTank with the hopes of getting an investor on their side.

To their shock, the sharks were so impressed by the concept that they walked away with a deal of $100,000 For 10% of the company + $1 Royalty Until $200,000 is repaid. Nirav Tolia offered them this deal and they could not say no.

Where Is SoaPen Today?

Today, SoaPen has grown into a bigger company, providing more products.

They have extended their product line to Kid-Friendly Hand Sanitizer Gel and more. Their products are available for purchase directly from their online store and even from Amazon.