Grouphug, founded by Krystal Persaud, appeared on Shark Tank in 2020 with its eco-friendly solar panel designs. The company secured a $150,000 deal from Mark Cuban, helping propel its growth.
Grouphug has since expanded its product line and gained attention for its unique solar panels that can hang in windows. The company raised over $70,000 through crowdfunding and continues to promote sustainable energy solutions.
As of 2024, Grouphug’s estimated net worth is around $1.5 million. The business remains privately owned, with no acquisitions, and focuses on making renewable energy more accessible and stylish for consumers.
Grouphug Net Worth
| Estimated Net worth | $1.5 million (2024) |
| Annual Sales Revenue | $900,000 (2024) |
| Lifetime sales | Not available |
| Investor | Mark Cuban |
| Founder | Krystal Persaud |
| Employees | 10 to 25 |
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 |
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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 2024.
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.
