Grouphug Net Worth 2023 Update (Before & After Shark Tank)

Grouphug, Window-hanging solar panels, was started by Krystal Persaud in 2018. As of October 2023, Grouphug’s net worth is $1.5 Million and they’re pulling in a whopping $900,000 in annual revenue.

On March 3, 2019, they appeared on Season 10 of Shark Tank USA and made a deal with Mark Cuban, for $150,000 for 25% equity. The final valuation was $600,000, down from the founder’s initial estimate of $1.5 Million.

Grouphug company is still in business. Their services are available on the official website.

Grouphug Net Worth

Net worth$1.5 Million (Business valuation)
Annual Sales Revenue$1 million (2022)
Profits
Lifetime sales
InvestorMark Cuban
FounderKrystal Persaud
Employees10 to 25

Grouphug Net Worth Timeline

Net Worth 2023$1.5 Million
Net Worth 2022$1.2 Million
Net Worth 2021$1 Million
Net Worth 2020$800,000
Net worth valuation in 2019 after appearing on Shark Tank  $600,000
Net worth valuation in 2019 before appearing on Shark Tank  $1.5 Million

Grouphug Pitch on Shark Tank

Company nameGrouphug
ProductWindow-hanging solar panels
EpisodeSeason 11 Episode 16
FounderKrystal Persaud
Asked for$150,000 for 10% equity
Final deal$150,000 for 25% equity
SharkMark Cuban
LocationNY, USA

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Grouphug Founder

Grouphug was founded by Krystal Persaud in 2018. Krystal is an industrial designer. She is passionate about greener energy and a sustainable world. Grouphug’s founder, Krystal Persaud, has a net worth of USD 1.5 Million as of 2023.

Key accomplishments

YearAccomplishment
2023Grouphug Solar Company has sold solar chargers in 49 out of 50 states in the United States 
2020Grouphug appeared on Shark Tank

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 Grouphug and its continued success.