Cabinet-Health

Cabinet Health, founded by Achal Patel and Russel Gong in 2018, offers sustainable, refillable medicine containers to reduce plastic waste.

In January 2023, they secured a $500,000 investment from Kevin O’Leary and Tony Xu on Shark Tank, exchanging 7% equity and a 2% royalty until the investment is recouped.

By May 2023, their products were available in approximately 700 CVS stores nationwide. As of 2025, Cabinet Health has an estimated net worth of $50 million, with annual revenue of around $45 million.

Cabinet Health Net Worth

Net worth$50 million (2025)
Annual Sales Revenue$45 million (2025)
ProfitsNot available
Lifetime salesNot available
InvestorsTony Xu and Kevin O’Leary
FoundersAchal Patel and Russ Gong
Employees1-25 employees

Cabinet Health Pitch on Shark Tank

Company nameCabinet Health
ProductSustainable healthcare plastic free packaging
EpisodeSeason 14 Episode 11
Founders Achal Patel and Russ Gong
Asked for$500,000 for 2.5% equity
Final deal$500,000 for 7% equity + 2% Royalty
SharksTony Xu and Kevin O’Leary
LocationNew York City, USA

Don’t miss these products from Season 14

Cabinet Health Founders

Achal Patel and Russ Gong founded Cabinet Health in 2018. Russell Gong, the co-founder and president of Cabinet Health Company, has a wealth of experience in various roles. He’s also been an Infantry Officer in the US Army for 8 years. Mr. Patel, who studied at the University of Virginia and held multiple positions at Deloitte, is another co-founder of Cabinet Health and serves as the CEO. Cabinet Health’s founders, Achal Patel and Russ Gong, have a net worth of 50 million USD as of 2025.

Key accomplishments

YearAccomplishment
2023The company appeared on Shark Tank Season 14 and got the deal from Tony Xu and Kevin O’Leary.
2022In December 2022, they secured $17 million in both debt and equity funding.

This financial boost was intended to support their growth in the prescription and retail sectors.

The announcement came shortly before their initial air date and increased their total venture funding to $23.6 million

Conclusion

From their beginnings on Shark Tank to their current status as a thriving business, they have proven that with the right idea and execution, anything is possible. We can’t wait to see the future for Cabinet Health and its continued success.

ABOUT KESARA BANDARAGODA
Kesara Bandaragoda is a Sri Lankan-born media entrepreneur currently based in Dubai, with a lifelong passion for storytelling, innovation, and all things screen-worthy. Whether it's a mind-bending sci-fi epic or the latest startup pitch on Shark Tank, Kesara is all in. In fact, he was one of the earliest content creators to cover Shark Tank Australia online and has been tracking its businesses, products, and founders since 2019 — long before it was cool.

Kesara is the visionary CEO behind BrandFactory, a digital media company powering multiple content platforms that reach millions. When he’s not leading a team of creatives, he’s often geeking out over Marvel and DC universes, decoding Spielberg's directorial magic, or revisiting classics like The Shawshank Redemption, Interstellar, and Pirates of the Caribbean (yes, he's a Johnny Depp loyalist).

INDUSTRY FOCUS
Kesara’s writing and content leadership often focus on the intersection of entrepreneurship, entertainment, and emerging digital cultures. He’s particularly passionate about telling stories that celebrate founders, dissect business blueprints from media narratives, and spark curiosity in audiences across the globe.

FAVORITE MEDIA
A sci-fi enthusiast with a taste for high-stakes storytelling, Kesara’s favorite titles range from cerebral time-space odysseys to charismatic pirate adventures. He thrives in content that mixes real-world business insight with the spectacle of entertainment — think Shark Tank meets Black Mirror, with a touch of Marvel heroics.

Similar Posts