No Mo Stache Shark Tank Update

No Mo Stache Shark Tank Pitch

Jennifer Paschall and Gita Vasseghi appeared on Shark Tank Season 9, Episode 8, which aired on November 5, 2017, with line of wax-care travel kits.

No Mo Stache is listed in the Health SelfCare category. In plain terms, the business is described as line of wax-care travel kits.

No Mo Stache asked the Sharks for $100,000 for 25%, implying a valuation of about $400,000.

On the show, No Mo Stache made a listed deal with Lori Greiner for $100,000 for 25% + $1 per unit until $200,000 in royalties.

If treated as straight equity, the listed deal works out to about $400,000 implied valuation, roughly the same implied valuation as the ask.

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

No Mo Stache After Shark Tank

No Mo Stache accepted an on-air deal and later earned a Season 10 update segment, a sign the company had enough post-show movement to come back on the show. (No Mo Stache Shark Tank Update

By 2021, the brand had products in more than 15,000 retail outlets as well as Amazon, moving the portable waxing idea from a salon convenience product into a broad beauty retail item. (No Mo Stache Shark Tank Update

The company also extended the line with No Mo-Bush and outside update reporting later put annual revenue around $4 million. (No Mo Stache Shark Tank Update

Sources

Sources used for this page: Shark Tank API pitches