Ray Phillips and Alvin Uy created SoapSox to make bath time fun for kids by turning plush toys into bath sponges with built-in soap pockets. Although they didn’t secure a deal on Shark Tank in 2014, the exposure helped them grow their brand.
SoapSox later raised over $1 million through crowdfunding in 2020 and formed licensing partnerships with Disney and Paw Patrol, boosting its visibility.
As of 2024, the company is valued at $6.2 million, with estimated annual revenue between $2.5 million and $8 million. SoapSox products are sold through major retailers like Amazon and Nordstrom
SoapSox Net Worth
| Estimated Net worth | $6.2 million (2024) |
| Annual Sales Revenue | $2.5million – $8 million (2023) |
| Profits | Not publicly available |
| Lifetime sales | Not publicly available |
| Investor | None |
| Founder | Ray Philips and Alvin Uy |
| Employees | Not publicly available |
SoapSox Pitch on Shark Tank
| Company name | SoapSox |
| Product | Animal-shaped washcloths for kids |
| Episode | Season 6 Episode 03 |
| Founders | Ray Philips and Alvin Uy |
| Asked for | $260,000 for 10% Equity |
| Final deal | None |
| Shark | None |
| Location | Pasadena, California |
Don’t miss these product from Season 06
SoapSox Founders
SoapSox was founded by Ray Philips and Alvin Uy in 2012. SoapSox’s founders, Ray Philips and Alvin Uy, have a net worth of $2.5 million –$8 million as of 2024.
Key accomplishments
| Year | Accomplishment |
| 2015 | SoapSox expands its product line to include new animal shapes and colors. The company also begins selling its products at Nordstrom. |
| 2017 | Appeared on Shark Tank season 06 |
| 2020 | SoapSox pivots to produce face masks in response to the COVID-19 pandemic. The company also donates thousands of face masks to healthcare workers. |
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 SoapSox and its continued success.
