Nohbo Shark Tank Update

Nohbo Shark Tank Pitch

Benjamin Stern appeared on Shark Tank Season 7, Episode 18, which aired on February 18, 2016, with Water-soluble balls for packing shampoo and other personal care products.

Nohbo is listed in the Health SelfCare category. In plain terms, the business is described as Water-soluble balls for packing shampoo and other personal care products.

Nohbo asked the Sharks for $100,000 for 20%, implying a valuation of about $500,000.

On the show, Nohbo made a listed deal with Mark Cuban for $100,000 for 25%.

If treated as straight equity, the listed deal works out to about $400,000 implied valuation, down from the original $500,000 implied valuation.

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

Nohbo After Shark Tank

Nohbo accepted an on-air Shark Tank deal for $100,000 for 25%. Follow-up reporting lists the company as still operating after its Shark Tank appearance. (NOHBO Shark Tank Update

As of March, 2020, Stern has 76 million purchase orders scheduled for the next four years in Europe and he just closed a $3.5 million round of venture funding. (NOHBO Shark Tank Update

In early 2016, there were a number of comments on the social media pages from disappointed customers who claimed the balls did not hold their shape. (NOHBO Shark Tank Update

As of November, 2022, Stern has licensed his technology to over 60 companies. (NOHBO Shark Tank Update

In 2023, the company introduced Hydrofill "multi-dose water-soluble pods that contain an anhydrous hyper-concentrated base." When the Hydrofill is added to a bottle of water and shaken, a standard-sized personal care product is generated." Hydrofill products include shampoo, conditioner, body wash, face wash and shaving cream In January, 2023, the company announced it was joining the B Corp Beauty Coalition. (NOHBO Shark Tank Update

Sources

Sources used for this page: Shark Tank API pitches