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 | – |
| Investor | Mark Cuban |
| Founder | Krystal Persaud |
| Employees | 10 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 name | Grouphug |
| Product | Window-hanging solar panels |
| Episode | Season 11 Episode 16 |
| Founder | Krystal Persaud |
| Asked for | $150,000 for 10% equity |
| Final deal | $150,000 for 25% equity |
| Shark | Mark Cuban |
| Location | NY, USA |
Don’t miss these products from Season 11
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
| Year | Accomplishment |
| 2023 | Grouphug Solar Company has sold solar chargers in 49 out of 50 states in the United States |
| 2020 | Grouphug 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.
