Browndages Shark Tank Update

Browndages Shark Tank Pitch

Intisar Bashir and Rashid Mahdi appeared on Shark Tank Season 13, Episode 20, which aired on April 15, 2022, with line of inclusive flesh toned bandages.

Browndages is listed in the Health SelfCare category. In plain terms, the business is described as line of inclusive flesh toned bandages.

Browndages asked the Sharks for $75,000 for 7.5%, implying a valuation of about $1 million.

On the show, Browndages made a listed deal with Lori Greiner, Daymond John, and Mark Cuban for $100,000 for 25% + $75,000 credit line.

If treated as straight equity, the listed deal works out to about $400,000 implied valuation, down from the original $1 million implied valuation.

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

Browndages After Shark Tank

Browndages accepted an on-air Shark Tank deal for $100,000 for 25% + $75,000 credit line. Later follow-up coverage says the deal did not close. (Browndages Shark Tank Update

Browndages was reported at about $130,000 in sales. (Browndages Shark Tank Update

Since airing, Browndages is available in dozens of mom and pop shops across the country and in limited ACE Hardware stores. (Browndages Shark Tank Update

Johnson and Johnson took a lot of heat on social media for the move with many black influencers calling Browndages out on 100 years of a lack of inclusivity. (Browndages Shark Tank Update

Browndages remains active online through browndages.com, which serves as its current storefront. (Browndages website

Sources

Sources used for this page: Shark Tank API pitches