At a very young age, infants are not able to clean their own noses, which causes concern for parents as the collecting mucus may cause breathing problems in babies. Luckily, Nina Farzin has come up with the perfect solution to this problem
With her new line of Baby products named Oogiebear, dedicated to ensuring no hassle for the parents or the infants. This company has done over $ 15 million in lifetime sales, which will surely make the sharks want to pick a booger with them. Did the sharks invest? let’s find out.
Oogiebear at a glance.
| Business idea | Tool to help babies get rid of mucus and enable proper breathing. |
| Founders | Sina & Nina Farzin |
| Asked for | $400,000 for 5% |
| Accepted deal | $600,000 for 10% |
| Sharks | Barbara Corcoran and Robert Herjavec |
| Business status | In business |
| Episode | Season 14, Episode 1 |
| Website | Oogiebear |
| Buy on Amazon | Buy Now! |
Index:
Founder Story:
Nina had the idea of the Oogiebear product line when she was taking care of her first daughter when she was a baby, who would stay awake during the night due to a blocked nose. With the help of her husband Sina Farzin, a doctor specializing in oral and nasal cavity issues, they designed a prototype that would be small enough to enter the nasal cavity of the infant without any irritation.
They then started their company in 2015 and added other products to their company line and after doing around $ 15 million in lifetime sales, they then come to Shark Tank Live in order to secure a deal.
Did Oogiebear get a deal on Shark Tank?
The founders enter with the crowd cheering loudly for them as they introduce themselves, asking $400,000 in exchange for a 5% stake in their company. They start off their pitch by explaining problems faced by babies and parents due to blocked noses and how they were inspired to create Oogiebear, a booger picker for babies!
Robert asks about costs to which Nina says that the item costs $2-4 to make and is sold at around $12.99 – $24.99 with the item being for 0-24-month-old infants. Amazingly, they had sold over 1 million units, resulting in nearly $ 15 million in lifetime sales, which impresses the audience and the sharks as they have also done $5.4million last year and $4.5million this year.
Daymond goes out because he thinks he isn’t the right shark for the company and then Kevin starts off the offers with $400,000, but for 10% as he really wants to invest in the company. Lori also puts forward a partnership offer with Mark for $400,000 for a 12% stake, but Barbara brings out the big guns when she explains how she brought the sales-less Original Comfy to $400 million in sales, and she says that if they do a deal with her and if she doesn’t take them there, she will return ½ of the company’s stock.
Robert is eager so he joins in with Barbara, and the founders ask Barbara a Robert if she can go to $600,000 for 10% with the same benefits instead, after which all the sharks are talking loudly so it’s hard to understand them, but in the end, Barbara agrees to the counter-offer from the founders, after which the crowd goes wild.
What happened to Oogiebear after Shark Tank?
The Oogiebear products must have surely felt the shark tank effect are still available on their official website and at Target, Buy Buy Baby, Nordstrom, Walmart, and Amazon.
The customers that have bought this product also seem to be very happy with its simplistic but appealing design and usefulness as it has saved them so much time and stress.
Product details:
- As mentioned, the product is a booger-picking tool designed for babies to reduce irritation.
- While a basic Oogiebear booger picker will set you back by $12.99, the rest of the products range from $9.99 to $19.99.
- different bundles, kits, and gift boxes are also available, costing up to $55.
- The company is based out of Rockville, Maryland.
- The company can be contacted at, customercare@oogiebear.com.
Competitors of Oogiebear
Even though the founders do mention in the pith that there are many other versions of their product sold by other companies, we could not find any competitors for his company.
What is the net worth of Oogiebear?
At the time of Shark Tank’s appearance, Oogiebear were valued at around $ 6 million as per the Sharks. The current net worth of this company is around $6-8million as of 2022, a large contribution to which was their massive sales in the years since they opened.
Is Oogiebear still in business?
Yes, Oogiebear is still in business as of 2022, with their sales and revenue continuing to grow and their company continuing to reach new homes and help more parents and babies!
We don’t know much about the further plans of this company, but we are sure that they are going to continue to help and parents alike with their unique product.
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FAQs:
What is Oogiebear?
Oogiebear is a tool to help babies get rid of mucus and enable proper breathing.
What's the net worth of Oogiebear?
At the time of Shark Tank’s appearance, they were valued at around $ 6 million as per the Sharks. The current net worth of this company is around $6-8million as of 2022, a large contribution to which was their massive sales in the years since they opened.