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Stasher Net worth

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Introducing the ultimate solution to your food storage woes – Stasher! Say goodbye to wasteful plastic bags and hello to the world’s first and only self-sealing, air-tight, non-plastic bag.

Stasher is the perfect kitchen companion for anyone who loves to cook, hates food waste, and wants to save money.

But that’s not all, Stasher isn’t just a storage solution, it’s also a cooking tool. You can use Stasher to cook your food sous-vide style, boil, microwave, and even bake. Made from 100% pure platinum silicone, Stasher is not only durable and reusable but also eco-friendly.

Stasher Bags at a Glance

IdeaReplace the use of plastic in the Kitchen.
FoundersKat Nouri
Asked For$400,000 For 5%
Accepted Deal$400,000 for 15%+ $400,000 line of credit.
SharksMark Cuban
Business statusIn Business
Episode No.Season 9, Episode 15
Buy on AmazonBuy Now!

Index:

What is Stasher?

Stasher bags are made from pure platinum silicone. These were mainly invented to replace plastic bags used in the kitchen to seal tight products. And just like plastic, they seal airtight.

It can store anything right from fruits to vegetables, from solid to liquid. They can be stored anywhere, from the freezer to the dishwasher to the microwave. They are reusable and can last for three years.

Imagine being able to easily store your leftovers without worrying about leaks or spills, or being able to pack your lunch without feeling guilty about the waste. With Stasher, you can do all of that and more.

So, whether you’re a busy parent, a meal-prepping pro, or a sustainability enthusiast, Stasher is the perfect addition to your kitchen. Get ready to revolutionize the way you store and cook your food with Stasher!

Founder Story:

Kat Nouri is the founder of Stasher. Like every other Mother, she used plastic bags to pack her kids’ lunch boxes. This made her upset. And so she found a solution to it, she replaced plastic with her stasher bags. This isn’t the first time Nouri owned a Business.

In 2005, she started a company called Modern Twist, a company that made silicone-based placemats, coasters, and many more baby products. This shows that she is well-studied in silicone and products.

Did Stasher get a deal on Shark Tank?

Yes, Stasher did get a deal on Shark Tank. Kat asked for $400,000 for 5% of equity. After seeing the product, the sharks give their reviews about the product. They think that they cost too much, but Noori has an answer for it, saying it is because of the platinum silicone.

After explaining the sales and expectations to the business, sharks tell their decisions. Robert is out because he doesn’t understand the advantages of the product and how it is useful, Barbara being a woman thinks she won’t buy it due to its cost.

See also  Bantam Bagels Shark Tank Update

In the end, it’s only Mark who offers $400,000 for 20% plus a $400,000 line of credit. Kat counters it to 15% which Mark accepts. But seen on Camera is always true, it seems like the deal with Mark never happened.

What happened to Stasher after Shark Tank?

After appearing on Shark Tank and securing a deal with Mark Cuban, Stasher has continued to thrive and expand its product line. The company has received numerous awards and recognitions for its innovative and eco-friendly design, including being named one of TIME Magazine’s Best Inventions of 2018.

Two years later after the show, Kat Nouri no longer remained the owner. SC Johnson acquired the company in 2019.

The annual revenue of the company is estimated to be $12 Million. The valuation of the company during the pitch was $8 Million and was brought down to $2 Million after accepting the offer. The valuation of the company in 2020 was about $3 Million. Today it is $10 Million.

Today the company not only sells bags but also bowls available in different sizes and colors. Stasher has since continued to grow and expand its product line, offering a wide variety of sizes and colors to suit all of your storage needs. With its durable and eco-friendly design, Stasher has become a popular choice for consumers looking to reduce their environmental footprint while also simplifying their kitchen routines.

Competitors

  • Xomoo Reusable Silicone Bags
  • Rezip 3-piece Stand-Up Leakproof Reusable Storage Bags
  • Freshmag
  • Bumkins

What is the net worth of Stasher?

The valuation of the company during the pitch was $8 Million and was brought down to $2 Million after accepting the offer. The net worth of the company today is around $10 Million.

Is Stasher still in Business?

Yes, Stasher is still in Business. Stasher has also expanded its reach beyond just the kitchen, with its versatile bags being used for a wide range of purposes, such as storing travel toiletries, organizing school supplies, and even as a waterproof phone case.

In addition to its product offerings, Stasher has also continued to prioritize sustainability and environmental responsibility. The company is a certified B Corporation and is committed to reducing plastic waste by providing a durable, reusable alternative to single-use plastic bags.

Overall, Stasher’s appearance on Shark Tank was just the beginning of its success story. With a growing product line, a commitment to sustainability, and a loyal following of customers, Stasher is poised to continue revolutionizing the way we store and transport our belongings for years to come.

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FAQs:

What is Stasher?

Stasher bags are made from pure platinum silicone. These were mainly invented to replace plastic bags used in the kitchen to seal tight products.

What's the net worth of Stasher?

The valuation of the company during the pitch was $8 Million and was brought down to $2 Million after accepting the offer. The net worth of the company today is around $10 Million.

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