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Bite Toothpaste Shark Tank Update

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Bite Toothpaste is a zero-wastage toothpaste or tablet which provides natural whitening and minty fresh breath. Bite Toothpaste is all-natural as it is free from fluoride and cruelty and any other non-toxic ingredients. Bite Toothpaste is an eco and travel-friendly paste which provides freshness with a bite. Bite Toothpaste is shaped like tablets and they have a vision to better the daily routine and better the Planet.

Bite Toothpaste claims that these tablets can replace 1 million tubes that we threw every year and these can sustain and save the environment. They have various other products too available on their website. Natural Whitening Mint and Activated Charcoal Bits are the two flavors of Bite Toothpaste.

Bite Toothpaste at a Glance:

IdeaZero wastage and eco-friendly toothpaste
FoundersLindsay McCormick and Asher Hunt
Asked For$325,000 for 5% equity
Accepted DealNo deal
SharksNo sharks
Business statusIn Business
Episode No.Season 11, Episode 14
WebsiteBite

Index:

Who are the founders of Bite Toothpaste?

Asher Hunt and Lindsay McCormick are the founders of Bite Toothpaste. The founder wanted to substitute regular toothpaste with something sustainable. Asher and Lindsay shared that the environment is being polluted every day and plastic tubes are major pollutants to reduce the wastage they decided to start something eco and travel-friendly.

Bite Toothpastes bits are a safe and fresh alternative to other market brands. Bite Toothpaste was founded in the year 2016 and was then potentially launched in the market.

Did Bite Toothpaste get a deal on the Shark Tank Show?

Asher Hunt and Lindsay McCormick came on the show seeking an investment of $325,000 for an exchange of 5% equity in return. Asher shared the whole story of how they thought of it launching the brand in the market. Asher and Lindsay had a great conversation with sharks about their sales and future targets. Shark Katrina Lake loved the product as it does not contain any fluoride to which Lindsay shared that soon they will be the only business to do this in the United States.

Katrina loved the idea but due to the heavy and competitive market edge, she went out. Kevin O’Leary went out for the same. Robert Herjavec went out of the pitch due to low equity in the deal. Lori Greiner shared that she would not be a good fit for the business and therefore she went out. Mr. Wonderful again jumped and gave a surprise offer of $325,000 for an exchange of 20% equity in the Bite Toothpaste. Mark Cuban gave an offer of $325,000 for an exchange of 15% equity in the business.

Founders gave a counteroffer of $325,000 for a 5% equity along with 2% advisory shares in the business. Mark Cuban asked for a counter offer to which they shared that they would not be willing to give more than 7% equity and Mark went out for the same. Kevin O’Leary was not willing to below 20% equity. Hence, all the offers were rejected by Asher Hunt and Lindsay McCormick and they left the pitch with no deal.

See also  What Happened to The Original Profender after Shark Tank?

What happened to Bite Toothpaste after the Shark Tank Show?

After the show, it was not easy for them to sustain themselves in the market as no deal was locked on the show, and also before the release of the episode Covid-19 outbreak affected the world. After the Shark Tank Show, Once the show aired Bite Toothpaste gain traffic on their website as their product was completely eco-friendly in nature. Before the show, Bite Toothpaste have never raised any funds or loans at any valuation. To grow their market and build their brand they needed shark expertise. After the show, they continued with their work and vision of achieving a sustainable and clean environment.

During the pitch, they came up with a valuation of $6.5 million which was denied by the shark due to the high valuation demand. Before the show they had very low sales gradually they started leading in the market. They initially started with a small idea of zero-wastage capsules. Currently, they have various other products which include Body Balm, Cleansing Bar, Deodorant, and Whitening Gel. Bite Toothpaste has started Gift Box and Carbon Capture Cleaner.

Bite Toothpaste was tagged as the most unique business of 2022. Bite Toothpaste price ranges as per the product; Bamboo Toothbrush $12, Mouthwash Mint $20, Whitening Gel $20, Deodorant $32, Body Balm $28, and Soap Tray $14.

After the show, they still stand on their vision of being sustainable and pollutant free. Bite Toothpaste has also been cast in various popular magazines and shows. Founders have also shared their whole experience of meeting the sharks and presenting Bite Toothpaste in front of the sharks after the show aired.

Competitors of Bite Toothpaste are:

  • Smoak land
  • AZ Air
  • Interpreter Exchange

What is the net worth of Bite Toothpaste?

The estimated net worth of Bite Toothpaste is $4 million. They came on the show with a valuation of $6.45, which was later denied by the shark tank. Currently, as of 2022, they own 100% of their business.

Is Bite Toothpaste still in business?

As of 2022, they are still in business and are doing good in the market. Bite Toothpaste has also introduced various other products on its website which include Bamboo toothbrushes, Whitening Gel, Deodorant, Body Balm, and many more. As of 2022, founders are trying to expand their market size. Bizz Bucket wishes them luck and success.

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FAQs:

What is Bite toothpaste?

Bite Toothpaste is a zero-wastage toothpaste or tablet which provides natural whitening and minty fresh breath. Bite Toothpaste is all-natural as it is free from fluoride and cruelty and any other non-toxic ingredients.

What's the net worth of Bite toothpaste?

The estimated net worth of Bite Toothpaste is $4 million. They came on the show with a valuation of $6.45, which was later denied by the shark tank. Currently, as of 2022, they own 100% of their business.

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