Fur Oil Shark Tank Update

Fur Oil Shark Tank Pitch

Laura Schubert and Lillian Tung appeared on Shark Tank Season 11, Episode 13, which aired on February 27, 2020, with all natural skin and hair care line for hair down there.

Fur Oil is listed in the Health SelfCare category. In plain terms, the business is described as all natural skin and hair care line for hair down there.

Fur Oil asked the Sharks for $500,000 for 2.5%, implying a valuation of about $20 million.

On the show, Fur Oil made a listed deal with Lori Greiner for $500,000 for 8% + $50,000 to a body positivity charity.

If treated as straight equity, the listed deal works out to about $6.9 million implied valuation, down from the original $20 million implied valuation.

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

Fur Oil After Shark Tank

Fur Oil accepted an on-air Shark Tank deal for $500,000 for 8% + $50,000 to a body positivity charity, but follow-up reporting says the deal did not close after filming. (Fur Shark Tank Update – How Big Is the Business Now?

By April 2023, update sources put Fur Oil annual revenue around $5 million. (Fur Shark Tank Update – How Big Is the Business Now?

In 2020, before the pandemic, the ladies got their product on the shelves at Goop, Revolve, Neiman Marcus, Credo, Free People, and Urban Outfitters. (Fur Shark Tank Update – How Big Is the Business Now?

By April 2023, they were doing $5 million in annual revenue. (Fur Shark Tank Update – How Big Is the Business Now?

Fur has an estimated net worth of over $30 million. (Fur Shark Tank Update – How Big Is the Business Now?

The current brand site points customers to furyou.com/products/fur-oil. (Fur Oil website

Sources

Sources used for this page: Shark Tank API pitches