Manscaped Shark Tank Update

Manscaped Shark Tank Pitch

Josh King and Steve King appeared on Shark Tank Season 10, Episode 4, which aired on October 28, 2018, with below the belt, male grooming and hygiene products – pubic hair trimmer razor.

Manscaped is listed in the Cosmetics Beauty category. In plain terms, the business is described as below the belt, male grooming and hygiene products – pubic hair trimmer razor.

Manscaped asked the Sharks for $500,000 for 7%, implying a valuation of about $7.1 million.

On the show, Manscaped made a listed deal with Lori Greiner and Mark Cuban for $500,000 for 25%.

If treated as straight equity, the listed deal works out to about $2 million implied valuation, down from the original $7.1 million implied valuation.

This pitch is included as context for the more important question: what happened after Shark Tank.

Manscaped After Shark Tank

Manscaped accepted Mark Cuban and Lori Greiner's on-air deal, but later updates say the Shark Tank deal did not close. (Manscaped Shark Tank Update

That did not slow the company. Manscaped built a large direct-to-consumer male-grooming brand, and Shark Tank Blog later put sales around $100 million by 2021. (Manscaped Shark Tank Update

The company announced a SPAC merger with Bright Lights Acquisition Corp. in 2021, but that deal was mutually terminated in 2022 because of market conditions. Manscaped stayed private and continued operating. (Boardroom Alpha Manscaped SPAC termination

Sources

Sources used for this page: Shark Tank API pitches