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PiperWai Shark Tank Update

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PiperWai is a charcoal-based deodorant that is completely natural and organic. Piper Wai is a cream that activates the charcoal when sweat comes and makes it all smell good. Piper Wai is different from other deodorants as it not only blocks the sweat pits but also maintains the pH balance which kills bacteria. Piper Wai is made naturally with a mixture of coconut oil, cocoa butter, pure vitamin E oil, shea butter, and activated charcoal.

Piper Wai is easily available in a pack of 12 bucks and can be ordered from Amazon or nearby stores have it. Piper Wai is a deodorant that neutralizes bad odor and makes it smell good. Piper Wai is way stronger than other deodorants available in the market, which makes it unique and more favorable. Once you order it through online platforms, it gets delivered in a week to your doorstep. Piper is a long-lasting charcoal-based deodorant and is offering a good discount on your first purchase.

Piper Wai at a Glance:-

IdeaCharcoal-based and all-natural deodorants
FoundersJess Edelstein and Sarah Ribner
Asked For$50,000 For 10%
Accepted Deal$50,000 For 25%
SharksBarbara Corcoran
Business statusIn Business
Episode No.Season 7, Episode 11
WebsitePiperWai
Buy on AmazonBuy Now!

Index:

Who are the founders of Piper Wai?

Jess Edelstein and Sarah Ribner are the founders of Piper Wai. The duo used to run a lemonade stand when they were in school. Everyone wants to smell goods and therefore PiperWai was founded.

Jess and Sarah have grown up together with Piper Wai and have also raised a fund of $27,000 through Indiegogo Campaign. Piper Wai originated from Jess’s family dog’s name. Jess gave the sample to Sarah on the South Africa trip and then they took a loan of $2000 from their parents. The loan amount was used to gain raw materials and get a drawing website.

Did Piper Wai get a deal on Shark Tank?

Sarah and Jess enter the shark tank in season 7, episode 11, seeking an investment of $50,000 for 10% equity in exchange. Founders demonstrated their products and how they neutralize odors. They had brought a friend who had just run 5 miles and he asked the sharks to smell them and Lori did it and said they were not smelling like they were wearing a PiperWai.

Jess shared the logic and science behind how it works. Sarah shared that they had made sales of $110,000 before coming to the show. Barbara asked why they needed an investment, to which the duo replied they wanted to scale up and develop the stick. Kevin O’Leary said he didn’t think the deodorant was a favorable online product and he was not sure whether his investment was paid back or not, and he went out. Mark Cuban asked about other testimonials but these words didn’t convince him and he went out by saying that he was not self-aware.

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Robert Herjavec went out as he found it a risky business. Barbara Corcoran had a different view of Piper Wai and gave an offer of $50,000 for 33% equity in exchange. Lori Greiner said she also wanted to make an investment of $50,000 for 35% equity. Lori said there was a lot of work to be done. Girls counter Lori  Greiner with $50,000 for 25% equity. Lori refused. The girls gave the same counteroffer to Barbara and she also refused. Sarah and Jess again asked Barbara for vesta men and she agreed to do it at 25% equity. They made a deal.

What happened to Piper Wipe after the Shark Tank Show?

After the show, once the show aired in a few days, it made ion-dollar sales. Around 10,000 units were sold, which were for the show. It was ranked in the top 3 businesses to hit a million dollar sales. After the show, it again came back in season 7. They had a discussion with Barbara about the challenges they were facing related to the production, as they were enjoying success but were not able to meet the demands.

During the pitch, they asked for a valuation of $500,000 and by the end, Barbara updated the valuation to $200,000. After the show, they grew themselves and their business as business people. Barbara Corcoran suggested they be transparent and honest with their customers.

After the show, many ups and downs came on the way but they didn’t give up at any stage and that is one of the major reasons behind their success. PiperWai produces each jar for $2.44 and they sell it on the market for $11.99. The deal made between Barbara and me was never closed. Needful advice was shared by Barbara but not an investment. As of 2022, they are making $1 to $2 million in sales annually.

Competitors of Piper Wai are:-

  • Native
  • Lume
  • Farmpit
  • Breathe Naturals
  • Play Pits
  • Bare Biotics
  • Spruce Naturals

What is the net worth of Piper Wai?

The estimated net worth of PiperWai is $2 million as of 2022. The valuation during the pitch was $500,000, which was later changed to $200,000.

Is Piper Wai still in business?

PiperWai is still in business. The deal made between Barbara and the founders was never closed. As of 2022, they have managed themselves and are taking steps towards success.

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FAQs:

What is PiperWai?

Piper Wai is a charcoal-based deodorant that is completely natural and organic. Piper Wai is a cream that activates the charcoal when sweat comes and makes it all smell good. Piper Wai is different from other deodorants as it not only blocks the sweat pits but also maintains the pH balance which kills bacteria.

Who founded PiperWai?

Jess Edelstein and Sarah Ribner are the founders of Piper Wai. The duo used to run a lemonade stand when they were in school. Everyone wants to smell goods and therefore Piper Wai was founded.

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