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)|
|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
|Product||Window-hanging solar panels|
|Episode||Season 11 Episode 16|
|Asked for||$150,000 for 10% equity|
|Final deal||$150,000 for 25% equity|
Don’t miss these products from Season 11
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.
|2023||Grouphug Solar Company has sold solar chargers in 49 out of 50 states in the United States|
|2020||Grouphug appeared on Shark Tank|
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.