“Browndages” got featured on Shark Tank USA in 2022 April. It was founded by Intisar Bashir and Rashid Mahdi.
Browndages net worth in 2022
Here is an update on Browndages’s net worth so far.
|Browndages’s Net worth before appearing on Shark Tank||1 Million USD (business valuation)|
|Browndages’s Current Net worth (2022)||140,000 USD|
Browndages’s founders Intisar Bashir and Rashid Mahdi have a net worth of 105,000 USD as of 2022.
What is Browndages?
What is the color of a typical bandage used to cover up a wound, scar, or some skin damage? Well with Browndages your answer will be ‘The Colour of My Skin’. Browndages is a skin tone bandage brand that provides Bandages, Pijamas, Bags Covers, etc.
Who owns Browndages?
Innovative and creative-minded husband and wife, Mrs. Intisar Bashir and Mr. Rashid Mahdi are the co-founders of Browndages.
What happened at the Shark Tank?
The co-founders enter shark tank offering 7.5% of equity for $75,000. Rashid has started presenting the importance of their product by showing the color mismatch of typical skin bandages on his skin. After Rashid’s presentation, the judges examined the color-toned bandages. Then Mr. Wonderful and Daymond become curious about the reasons that limit large-scale organizations from providing the same product.
Discussion drives to sales stats. Intisar stated their sales boost due to the ‘Black Lives Matter theme and budget constraints they faced to gain inventory for consistent sales. As per the stats, the monthly sales of the company are $7,500-$10,000. Rashid and Intisar get around $2.5-$3.3 from selling a single unit.
For Robert, the scale of the company is too massive. He says ‘I’m Out. Lori, Mark, and Daymond offer: $100,000 for 30% equity and all three sharks agree to Rashid’s counter offer: 25% equity for $100,000 plus a credit line of 75 grand.
Browndages SHARK TANK UPDATE
Rashid and his spouse Mrs. Intisar came into the shark tank offering 7.5% of equity for $75,000 and after several discussions with the sharks, Robert says he’s out and Mr. Wonderful’s original offer for Browndages was $75,000 for 15% equity.
Lori invites Mark and Daymond and offers a collaborative offer to Rashid and Intisar, 30% equity for $100,000.
After hearing that Kevin made a custom offer, $100,000 for 15% but his offer was declined as Rashid’s offer of 25% equity for $100,000 plus a credit line of 75 grand was accepted by the three sharks.
Also read: What happened to the oral care solution “Throat Scope” after shark
What happened to Browndages After the Shark Tank?
The appearance at the shark tank benefits Browndages not only in financial terms. After the episode aired, Browndages Facebook page got hits and in 2022 Browndages Instagram had over 76,000 followers. The business has flooded with the community. The company is still in business with a healthy net worth of $140,000.
Intisar and Rashid have resigned from their full-time jobs. Now Intisar work on customer handling and Rashid manages and grows the business with the help of their family friends.
Winning shark tank deals level up the online sales of products and hit a peak on social media (Facebook page, Instagram) platforms. The company has growing demand and the lovely couple is planning to expand their business out to other states in the US.
Also, google official youtube channel released a song to support small business concepts like Browndages.
Competitors of Browndages?
Browndages is a super fresh idea but yet they have mild competition in the industry. Among competitors, Kennesaw, Natural Creations, Curltopia brands, and salon has a high market share.