What Happened to SwipenSnap After Shark Tank?
What is SwipenSnap?
SwipenSnap is a single-handed ointment applicator. Parents can apply ointment to their newborns with one hand while holding them firmly in the other.
SwipenSnap promises to increase hygiene in addition to reducing waste and time spent changing diapers. Using a hand cream diaper applicator is more hygienic than using bare hands, according to Leah Alexander’s case study.
Alina Kravchenko invented SwipenSnap. She worked in a number of businesses before deciding to become a mumpreneurs. Notably, she worked at Enlightened as a web designer and coder.
She also worked as a user interface designer at Symantec. However, after SwipenSnap got traction, she turned her entire focus to it, and she is now the CEO.
Who is the founder of SwipenSnap?
Alina Kravchenko founded SwipenSnap. Kravchenko, who became pregnant and single at the age of 23, has always wanted to develop something.
She’d always had trouble administering diaper rash lotion to her squirmy baby, so she reasoned that others must have the same problem. The idea came to Alina “like a gift from a higher source,” she says.
She was fully aware that she needed to obtain a patent. Due to budgetary restrictions, she took a patent office employee’s advice and acquired the book Patent It Yourself.
Five years later, after many long hours of research and preparation, she was assigned a utility parent. SwipenSnap is now a complete product. Alina quit from her employment to devote her whole attention to the growth of the company.
The product itself is rather straightforward. It’s a flexible, soft applicator with a suction cup top that connects to the tube of diaper cream.
When a parent is attached, he or she may use one hand to apply diaper rash cream; it’s almost as if you’re painting it on. Furthermore, it is compatible with the vast majority of diaper cream products. You can get one for $24.99.
What Happened to SwipenSnap at Shark Tank pitch?
Alina Kravchenko seeks finance for SwipenSnap, her novel diaper rash treatment applicator, in Shark Tank episode 1213. Alina needs the help of a Shark to help her with her production.
When Alina entered the Shark Tank, she was dressed as a Fairy Godmother. She was asking for $120,000 in return for a 10 percent stake in her company, which was worth $1.2 million.
She discusses her story and acknowledges that she has only generated $50,000 in sales in two years. She did not want to promote the product until she had received patent protection.
The screw top approach at the heart of her design piqued Daniel’s interest. He pays Lori $120,000 in return for 33.3 percent stock, but he insists on full ownership of any future applications of the screw top patent.
Kevin has entered the fray and has offered to work with Lori as well. He says that the two Sharks will pay $120,000 for 50 percent equity shares (25 percent each) and will concentrate on licensing options for screw top technology. Alina agrees and leaves the pitch with a deal.
What Happened to SwipenSnap After Shark Tank?
Lori and Kevin’s deal was completed in July 2021. Alina is still working a full-time job in addition to running the firm. The firm is still in operation as of February 2022, although trustworthy revenue numbers are currently unavailable.
Competitors of SwipenSnap
SwipenSnap does not have any direct competition. The Baby Magic Micro-fiber Diaper/Ointment Applicator is the most popular ointment applicator.
Net Worth of SwipenSnap
During the pitch, the firm was valued at $1.2 million; following the investment by two Sharks, the company was valued at $240,000.
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SwipenSnap FAQs
What is SwipenSnap?
SwipenSnap is a single-handed ointment applicator. Parents can apply ointment to their newborns with one hand while holding them firmly in the other.
Who is the inventor?
SwipenSnap’s inventor and CEO is Alina Kravchenko.
How much was seeking on Shark Tank?
In Shark Tank Episode 1213, Alina was seeking for $120,000 for a 10% equity stake in her company.
Did she have the deal?
She did it with Lori Griener and Kevin O’Leary, yes.
How much did the deal cost?
They invested $120,000 for 50 percent of the company’s equity shares.
Is SwipenSnap still in operation?
SwipenSnap is still in operation as of February 2022.
Where can I get SwipenSnap?
SwipenSnap may be purchased at the company’s own website, swipensnap.com, or from Amazon.
What is the price of SwipenSnap?
SwipenSnap costs $24.99 when the promo code is applied on their official website.
How much money does SwipenSnap make?
Alina said that when she entered the Shark Tank, she had only made $50,000.
Where can I get SwipenSnap products?
Swipensnap.com and Amazon.com, as well as major retail stores and baby boutiques worldwide, sell the goods.
Is SwipenSnap available for purchase?
The items are supplied all over the world.
What is SwipenSnap’s shipping cost?
For purchases above $50, shipping is $4.99.
What is the return policy for SwipenSnap?
Returns of items are allowed within 30 days after receipt or shipping. Refunds are not accepted for items returned in damaged condition, or due to loss in transit, or owing to any other occurrence without the company’s control, including, but not limited to, fire, flood, earthquake, theft, and/or computer malfunctioning.
How long does it take SwipenSnap to deliver the products?
The items are dispatched within 24 hours of receipt of payment.
SwipenSnap is available through Amazon and other retailers.
Is SwipenSnap intended for males or girls?
SwipenSnap is suitable for both boys and girls, albeit it is significantly more expensive for female users.
How can I make a payment for SwipenSnap?
Customers may pay using PayPal or credit card, which can be viewed on the official website at swipensnap.com or purchased on Amazon.
Where is SwipenSnap official office?
The corporation is headquartered in Los Angeles, California, in the United States.
SwipenSnap is a product that has not been authorized by the FDA.
SwipenSnap is built of what?
SwipenSnap is constructed of non-toxic, soft plastic.
Is SwipenSnap suitable for children?
The goods are just for children’s exterior usage, according to the business. It should be used in accordance with the instructions provided.
What distinguishes SwipenSnap from other ointment applicators?
SwipenSnap is a flexible, soft application device with a suction cap that attaches to a tube of diaper cream. When connected, parents may use one hand to administer diaper rash lotion, but other ointment applicators require two hands to be used in one hand.
SwipenSnap’s target demographics are as follows:
The items are intended for youngsters above the age of six months.
How many hues are there?
SwipenSnap comes in a single color.
SwipenSnap comes in how many distinct sizes?
All of the company’s items are only available in one size.
Is there any risk of SwipenSnap harming a child?
SwipenSnap has no negative effects on children. However, the goods are comprised of soft plastic that, if consumed, might pose a choking danger.
SwipenSnap lasts how long?
Although the firm is still in business, it is unknown how long the items will survive based on usage and maintenance.
Who is SwipenSnap’s CEO?
SwipenSnap’s CEO is Alina Kravchenko.
