SoaPen – How Much is a Person’s Net Worth?
No matter if we’re discussing soap bars, liquid hand soap or body wash, everyone knows the satisfying feeling when lathering up our hands with it.
Amanat Anand and Shubham Issar, founders of SoaPen, wanted to make washing hands fun for children. SoaPen came up with the concept of creating a soap crayon which children could use when washing their hands.
Soap business competition is fierce; most soap companies strive for customers’ loyalty. Successful soap businesses employ innovative strategies for marketing their products and outwitting the competition; a great example is SoaPen hand soap featured on Shark Tank.
SoaPen was created by Amanat Anand and Shubham Issar after learning about the high rates of infection due to poor hand washing habits among young children. The product makes cleaning hands fun for all ages!
The founders, originally from India, met while studying at Parsons School of Design in New York City and both graduated with BFA degrees. Following this success at UNICEF Wearable for Good challenge 2015 they went on to found SoaPen.
Achievement and Honors
Washing hands is an integral part of life. Unfortunately, however, many individuals fail to practice proper handwashing, leading to infections. Amarat Anand and Shubham Issar created SoaPen as an aid for children who find handwashing difficult; its design mimics that of a pen to help ensure kids complete the task more effectively.
After graduating from Parsons School of Design in New York City, they developed SoaPen and won the UNICEF Wearables for Good challenge with it. Since then, their company has expanded further with kid-friendly hand sanitizer gel.
SoaPen first made an appearance on Season 13 Episode 4 of Shark Tank to pitch their product, where two sharks invested $100,000 for 10% equity at $1 million valuation. Since then, their product is being sold both online and at stores nationwide.
SoaPen is a unique hand-washing soap designed by two Indian women – Amarat Anand and Shubham Issar – which resembles the shape of a pen. Since its release on Amazon in 2016, SoaPen has quickly become very popular across America.
These entrepreneurs appeared on season 13 of Shark Tank and asked the sharks for $100,000 investment for 10% equity in their company. Nirav Tolia made them an offer, and today their business remains operational.
SoaPen offers an innovative solution to the issue of children not washing their hands properly: colorful soap in a pen-like device makes washing hands fun for kids, making the experience enjoyable and effective. Furthermore, there’s even an “own one, give one” program available; every pen purchased goes towards giving back another pen donated directly to India where children in need need help from these organizations.
A person’s net worth is the result of both assets and liabilities they own financially, such as homes, vehicles and bank accounts. Stocks and bonds also factor into this equation. Conversely, liabilities represent expenses which drain resources away.
SoaPen, founded by two Indian female college students, is an innovative start-up that seeks to make hand washing more fun for kids. Shaped like a pen with soap instead of ink as its product feature.
The SoaPen has made waves since being featured on Shark Tank and has received much acclaim. Already it has achieved significant success and may become a multimillion-dollar brand due to being an innovative product with many benefits.