What Happened to Stasher After Shark Tank?

What is Stasher?

Stasher is a firm that manufactures reusable silicon bags as an alternative to plastic bags. These bags are more than just a cute idea or a beautiful product, but they are both. Stasher is motivated by a far broader and more important goal.

Kat Nouri has always been interested in health and nutrition being the daughter of an Iranian professional wrestler and a Ph.D. nutritionist.

She started Modern Twist, a company that develops reusable silicone items for the home, children, infants, and other applications, after graduating from the University of California, Berkeley.

Despite the fact that Kat had been creating food-safe silicone items of various varieties since 2005, she saw she was still using single-use plastic bags and thought she could do better.

Stasher is a novel idea. Stasher is more than simply a container line extender. Kat Nouri, on the other hand, worked diligently to manufacture endlessly reusable platinum silicone bags in a range of sizes, with the serious objective of further reducing plastic and hazardous waste and making a substantial contribution to environmental preservation efforts.

Who is Stasher’s creator?

Kat Nouri is the creator of Stasher and a Ph.D. nutritionist. She is the daughter of an Iranian professional wrestler.

Kat Nouri, a dietitian, was surprised by how many plastic bags she used to pack her children’s lunches.

This compelled her to seek a solution. Rather than using plastic, she makes her Stasher bags from pure platinum silicone. They seal firmly, similar to resalable plastic.

The last three years may be used in the freezer, microwave, and dishwasher. They are even resistant to boiling water, making them ideal for sous vide cooking.

She first introduced the product in January 2016, and it is now widely available on Amazon, Target, and other shops. This is not her first business enterprise, nor is it her first foray into silicone-based products.

In 2005, she launched Modern Twist, which makes silicone-based placemats, coasters, and a variety of baby products. The annual revenue of such a corporation is roughly $10 million.

Stasher bags come in three sizes (with more on the way): half-gallon, sandwich, and snack. They come in a variety of colors and cost between $12 and $20. People would use these instead of plastic bags, according to Nouri, because they last three years.

What Happened to Stasher During The Shark Tank Presentation?

Kat Nouri opted to pitch her product to Shark Tank investors in order to accelerate the growth of her company.

Kat entered the Shark Tank, asking for $400,000 in exchange for a 5% stake in her firm worth $8 million.

Kat gives her pitch, and the two demonstrate how it’s done. She gives out samples and claims to have patents on the bags’ sealing.

The Sharks think they’re pricey, but she argues it’s because of the platinum silicone, which can be re-used thousands of times. People will also save money since they would not have to purchase as many plastic bags.

She also revealed that her prior year’s sales were $1.6 million. With combined margins of 63 percent, the company is profitable. The Sharks laugh as she predicts the business will be worth $100 million in four years.

Robert isn’t convinced of the product’s benefits, so he quits. Barbara won’t buy anything since it’s too expensive for her; she’s out.

Lori and Rohan, who were thinking about working together on an offer, are the next to goes out, leaving just Mark. He offers $400,000 in return for 20% equity and a $400,000 credit line.

Kat replies with $400,000 for a 15% stake in her firm, Mark accepts, and they both reach a deal.

What Became of Stasher After Shark Tank?

Following the shouts throughout the pitch, Kat Nouri never concluded the deal with Mark. SC Johnson bought the company in December 2019 for an undisclosed sum, less than two years after appearing on the show.

As of September 2021, the brand generates $12 million in annual sales.

Competitors of Stasher

HotelsPro, Farah Experiences, NTUC Club, and Annex Tour are some of Stasher’s primary rivals.

Stasher’s Net Worth

The firm was valued at $8 million during the pitch; however, following the SC Johnson acquisition with an unknown sum, the company net worth might have been higher than that of pitch.

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Stasher FAQs

Will Stasher be added to the store?

Stasher will be added to the store as soon as possible. Usually, all items in the store are available within 24 hours after they are placed in the store, and it takes us 2-3 days to add the new items or remove them from the Sales and Special Offers category.

Stasher is not yet available on Amazon.com, but we hope that they will soon list it on their website as well.

How many times can I wash my reusable Stasher bag?

Actually, one can wash it as many times as they want, even if it has been used only twice.

Will my Stasher bag crack?

If customers use the products according to the package instruction, the silicone will not crack. They have put more than 800 different ingredients in their products that provide great flexibility and resistance to impact, chemicals, and heat.

Does Stasher bag leak?

No, it does not leak! It is lightweight, durable, and waterproof. It can be used in the microwave, freezer, and dishwasher.

How much does it cost?

There are different prices in different countries so one has to check the price in their country before buying the product from any other country’s website.

What has the shipping cost?

Stasher comes in different sizes, so there are different shipping costs. Certain countries do not provide free shipping and others charge around $10-$30 if customers buy it from their website, but the price will be more than $15 if customers buy it from Stasher’s official website.

What is the best way to wash my reusable bag?

It can be washed in the dishwasher, microwave, or washed by hand.

How long does the Stasher bag last?

It can last for years; it depends on how carefully they use it.

How much money will I save using Stasher bags?

There are different prices in different countries, so one has to check the price in their country before buying the product from any other country’s website.

What is the warranty on my reusable bag?

The warranty depends on the individual product and length of usage.

Where can I buy Stasher bags?

Stasher bags are not yet available on Amazon.com, but they hope that they will soon list them on their website as well.

What is the most expensive reusable bag?

There are different prices in different countries, so one has to check the price in their country before buying the product from any other country’s website.

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