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Angel Shave Club Shark Tank Update

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Are you tired of always having to distinguish your shaving blades or razors from your father or brother or your husband? Do you always need to keep finding spots to keep your razors separate?

If yes, then Girls Angel Shave Club is right at your service. A razor club that is for women and built by women to help you solve this minor yet essential problem of yours.

Angel Shave Club at a Glance:

IdeaA razor club focused mainly on women.
FoundersIskra Tsenkova and Brian Archambo
Asked For$300,000 for 10%
Accepted DealNone
SharksNone
Business statusOut of Business
Episode No.Season 10, Episode 11

Index:

What is Angel Shave Club?

Angel Shave Club is a women-owned company which is based in San Diego. It was founded in 2016 by Iskra Tsenkova and Brian Archambo.

Angel shave club was a one-of-a-kind online boutique shave club that was built keeping women as their main focus.

Angel Shave Club is a subscription-based venture that aimed on providing a complete makeover to the-then shave clubs. The main goal of the startup is to provide women with a luxurious shaving experience that also comes with low prices.

Founder Story:

The main inspiration that Iskra had for starting this venture was when she saw women’s razors being more expensive than men’s.

Another issue that she constantly faced was, her not being able to distinguish between her and her husband’s razor.

All these small inconveniences lead to Iskra planning out this business and later Brian, her husband joining the bandwagon. Thus, presenting in front of you the Angel Shave Club.

Did Angel Shave Club get a deal on Shark Tank?

The founders of Angel Shave Club appeared on Shark Tank with a demand of $300,000 in exchange for 10% equity in their company.

One of the main problems that the sharks had with the startup was it being a subscription-based model which naturally leads to them losing a chunk of customers every year. They could not understand the cost of subscriptions as well. The lack of profitability irked the sharks as well.

Hence, the sharks decided not to invest in the startup due to a clash of different ideologies, leading to the founders returning empty-handed from Shark Tank.

What happened to Angel Shave Club after Shark Tank?

Before coming on Shark Tank, Tsenkova’s business was running quite smoothly. The company had gained around 2000 subscribers in four months and the count was growing exponentially.

After the episode aired, the company announced, them signing a huge deal with Quake Capital for $200,000.

Despite the immense capital flow, the company could unfortunately not survive and had to shut its operations down in 2019.

Product Details:

  • Angel Shave Club is based on a subscription model.
  • Subscribers have to pay a certain fee each month to receive a package containing four cartridges of high-quality lubricating strips, aloe vera, and lavender every two months.
  • The blades provided are also hypoallergenic and provide a safe shaving experience for both men and women.
  • The service also allows the subscribers to choose the handle and number of disposable razors in their package.
  • The frequency of receiving packages can also be altered.

What is the Net worth of Angel Shave Club?

The founders of Angel Shave Club came with an ask of $300,000 for 10% equity which valued them at $3 million. They already had a sale of around $390,000 in revenue over the past year. They could not secure a deal with any of the sharks and had to go empty-handed.

Since the company has already stopped functioning after Covid in 2019, the current net worth of the company cannot be evaluated.

Who are the competitors of Angel Shave Club?

The top competitors of Angel Shave Club include Lita Fit LLC, Que Cute Style Boutique, CDM Imaging, Bridges Sober Living, Dollar Shave Club, and many more.

Out of all these, Dollar Shave Club is one of the main threats in this market, owing to it being the pioneer of home-delivering in the shaving business.

Is Angel Shave Club still in business?

No, Angel Shave Club is no more in business. The company states that they were glad to have a supportive community with a shared love as theirs, but it gives out absolutely no reasons for discontinuing the sales.

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FAQs:

What is Angel Shave Club?

A one-of-its-kind razor club focused entirely on women. Angel Shave Club is a subscription-based venture that aimed on providing a complete makeover to the-then shave clubs. The main goal of the startup is to provide women with a luxurious shaving experience that also comes with low prices.

What's the net worth of Angel Shave Club ?

The founders of Angel Shave Club came with an ask of $300,000 for 10% equity which valued them at $3 million. They already had a sale of around $390,000 in revenue over the past year.

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