Browndages Net Worth 2022
Browndages has amassed a net worth of $500,000. Since their appearance on Shark Tank, Browndages has seen massive success and distribution needs have grown rapidly. Established by Intisar Bashir and Rashid Mahdi in 2018 after they noticed there weren’t enough bandages with skin tone matching their children, Intisar and Rashid decided to launch Browndages with darker tone bandages as well as characters children can relate to.
In April 2022, this husband and wife duo appeared on Shark Tank to seek an investment of $75,000 for 7.5% equity in their business. After convincing all three sharks of investing, Lori Greiner, Mark Cuban and Daymond John all offered them $100,000 each in exchange for 25% equity; Daymond John also extended them a $75,000 credit line.
At the show, Intisar and Rashid aimed to use their product as an opportunity for parents of color to feel included when purchasing products for their children. Furthermore, they wanted larger companies like Johnson & Johnson to begin producing bandages specifically targeting people of color – something Johnson & Johnson began doing after Black Lives Matter began gathering momentum.
At the time of their appearance on Shark Tank, their company had already experienced significant sales increases thanks to Black Lives Matter movement and efforts to support businesses owned by people of color. Their appearance on the show gave them even more momentum; within six days after it airing they sold all 2020 inventory!
Browndages saw rapid sales growth thanks to Black Lives Matter movement’s support for black-owned businesses, but it caused serious disruption as demand outstripped supply, leading to fulfillment and inventory management issues that eventually necessitated professional assistance from outside experts.
When they appeared on Shark Tank, this couple’s goal was to find a potential investor who could provide guidance and resources needed to expand their business and manage inventory effectively. Although no agreement was struck during that episode, viewers showed tremendous support, helping the couple form successful partnerships with Daymond John, Lori Greiner, and Mark Cuban after leaving Shark Tank.
Following their success on Shark Tank, this couple have expanded their business and made an impactful difference in people of color around the world. Now offering bandages in five inclusive shades with various character options to find just the right bandage fit, as well as pajamas, covers, and sacks for kids helping keep them healthy and happy – their website contains additional details of this venture!