Gently Soap has captured the attention of many since its debut on the popular television series, Shark Tank. With a mission to cater to those with sensitive skin and conditions like eczema, this startup has become a noteworthy addition to the realm of bath products. Founded by Kristen Dunning, a passionate entrepreneur from the University of Georgia, Gently Soap stands out for its use of essential oils and natural ingredients.
As viewers eagerly follow its journey, curiosity around its progress and future prospects continues to grow. This article provides an update on Gently Soap’s journey, its current status, and its impact on the market.
The Gently Soap Pitch And Deal On Shark Tank
Dunning’s passion for medicinal plants and their healing properties inspired her to study at the University of Georgia. It was there that she began making and testing her soaps in 2018. After winning multiple startup business competitions and securing $54,500 in funding, Dunning officially launched Gently Soap in October 2020.
In 2021, Dunning appeared on the hit TV show Shark Tank, seeking $75,000 for a 10% stake in her company. She impressed the Sharks with her knowledge and dedication to creating a product that could help millions of people suffering from sensitive skin issues. After some intense negotiations, Dunning ultimately struck a deal with Candace, who offered $75,000 for a 10% equity stake in Gently Soap.
Is Gently Soap Still In Business?
Yes, The company is still in business and the product is sold by BLK + GRN. Gently Soap is made from 100% natural, vegan, and sustainable ingredients. Free from essential oils, fragrances, dyes, and palm oil. This gentle formula has proven to be a game-changer for people with eczema and other sensitive skin conditions.
Gently Soap’s sales reached an impressive $113,000, with a remarkable 78% repeat customer rate. This is a testament to the effectiveness and customer satisfaction of the product. With 71% of the US population reportedly having sensitive skin issues, the market potential for Gently Soap is vast.
Net Worth Of Gently Soap
While the exact net worth of Gently Soap is not public knowledge, the company’s success on Shark Tank and its growing customer base suggest a bright future. Dunning’s deal with Candace valued the company at $300,000, and with plans to pitch the products to major retailers like Target and Walmart, Gently Soap is poised for significant growth.
Business Overview
Gently Soap’s mission is to provide a natural, effective solution for people with sensitive skin. By using only the purest, most sustainable ingredients, Gently Soap offers a product that is both gentle and nourishing. The company’s commitment to quality and customer satisfaction has earned it a loyal following and a promising future in the skincare industry.
Looking ahead, Gently Soap has ambitious plans for expansion. The company aims to pitch its products to major retailers, with the goal of making Gently Soap accessible to even more people in need of a gentle, natural skincare solution. With its proven track record and dedicated founder, Gently Soap is well-positioned for success in the years to come.
Conclusion
Kristen Dunning’s journey from eczema warrior to successful entrepreneur is an inspiration to anyone struggling with sensitive skin. Through her dedication and passion for natural, sustainable ingredients, she has created a product that is changing lives.
If you suffer from eczema or other sensitive skin issues, give Gently Soap a try. With its gentle, nourishing formula, it just might be the solution you’ve been searching for.
