Oogiebear, a booger removal tool, was started by Nina and Sina Farzin in 2015. As of December 2023, Oogiebear net worth is $8 million and they’re pulling in a whopping $5.4 million in annual revenue.
In September 2022, they appeared on season 5 of Shark Tank USA and made a deal with Barbara and Robert, $600,000 for 10% equity. The final valuation was $6 million, down from the founder’s initial estimate of $8 million.
As of 2023 December, the company is still in business. You can purchase products through e-commerce channels such as their website and Amazon.
Oogiebear Net Worth
Net worth | $8 million |
Annual Sales Revenue | $5.4 million |
Profits | $1 million |
Lifetime sales | $15 million |
Investors | Barbara and Robert |
Founders | Nina Farzin |
Employees | 11-50 employees |
Oogiebear Net Worth Timeline
Net Worth 2023 | $8 million |
Net worth valuation 2022 after appearing on Shark Tank | $6 million |
Net worth valuation 2022 before appearing on Shark Tank | $8 million |
Oogiebear Pitch on Shark Tank
Company name | Oogiebear |
Product | Booger removal tool for babies |
Episode | Season 14 Episode 01 |
Founders | Nina and Sina Farzin |
Asked for | $400,000 For 5% equity |
Final deal | $600,000 For 10% equity |
Sharks | Barbara and Robert |
Location | Rockville, Maryland, United States |
Don’t miss these product from Season 14
Oogiebear Founders
Oogiebear was founded by Nina and Sina Farzin in 2015. Nina and Sina Farzin are a married couple living in Potomac, Maryland. They both work in healthcare but in different areas. Sina focuses on periodontics, while Nina used to work as a pharmacist. Oogiebear’s founders, Nina and Sina Farzin, have a net worth of 7.2 million USD as of 2023.
Key accomplishments
Year | Accomplishment |
2022 | The company appeared on Shark Tank Season 14 and got the deal from Barbara and Robert. |
2023 | The product sells in 1600 stores nationwide. |
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 Oogiebear and its continued success.