Do you recall the episode of Shark Tank where a product called Swipensnap was pitched? If you’ve been wondering about what happened after its appearance on the show, this post is for you. Today, we’ll be discussing the latest updates about Swipensnap, including the journey of its founder, Alina Kravchenko.
Swipensnap Overview
Swipensnap is a game-changer for parents. It allows you to apply diaper cream with just one hand, while safely cradling your baby in the other arm. The patented design is hygienic, easy to clean, and works with most diaper cream tubes. The soft, flexible tip applies the cream gently and precisely every time.
Alina originally asked the sharks for $120,000 for a 10% stake in her company. After some negotiation, Lori Greiner and Kevin O’Leary made a joint offer: $120,000 for 50% equity, with a focus on licensing the adapter technology.
Although the deal didn’t close right away, Alina persisted. In July 2021, over a year after her Shark Tank appearance, the deal with Lori and Kevin finally went through.
Swipensnap Shark Tank Update
So what has Alina been up to since then? She continued running Swipensnap while also working a full-time job. But in September 2022, she took the leap and quit her day job to focus on her entrepreneurial ventures full-time.
In addition to Swipensnap, Alina has also invented TonerBum, an innovative exercise tool. Her website even has a “contact for licensing” option, hinting at more exciting products to come.
While exact revenue figures aren’t available, Swipensnap continues to be a popular product among parents. Alina’s ingenuity and determination have allowed her to keep growing the business, even amid the challenges of the past few years.
Swipensnap Shark Tank Pitch
Alina pitched her one-hand diaper cream applicator on Season 12 of Shark Tank. Swipensnap is a soft, flexible applicator that suctions onto diaper cream tubes. This allows parents to easily apply cream with one hand while holding their baby securely with the other.
Alina asked the Sharks for $120,000 in exchange for 10% of her company. She had an engaging pitch and impressed the Sharks with her clever invention. But would it be enough to hook a Shark?
Did Swipensnap Get The Deal?
Yes, Swipensnap did get a deal on Shark Tank! Lori Greiner and Kevin O’Leary teamed up and offered Alina $120,000 for 50% of the company. They were especially interested in licensing out the suction cup adapter technology.
Although giving up half the company was more than Alina initially wanted, she accepted the deal. Having two Sharks on her side with great licensing experience was worth it. The deal focused on getting Swipensnap into as many hands as possible.
Swipensnap Net Worth
Thanks to the Shark Tank boost, Swipensnap has done very well since the show aired. The company is still going strong and the product is available on Amazon and other retailers.
As of 2024, Swipensnap is estimated to be worth around $2 million. Alina’s hard work and the support of her Shark partners have really paid off. The company continues to grow year after year.
Current Status Of Swipensnap
After Shark Tank, Alina kept working hard on Swipensnap while also maintaining a full-time job. Talk about dedication! She managed to expand the product line to include an improved design that fits both large and small diaper cream tubes.
Alina also created a new product called TonerBum, a U-shaped dumbbell. She’s always looking for ways to make parents’ lives easier. Swipensnap maintains a loyal customer base and continues to help families everywhere.
The deal with Lori and Kevin officially closed in July 2021. With their guidance, Swipensnap is poised for even more growth in the coming years. Keep an eye on this clever company!
Conclusion
Alina Kravchenko’s journey with Swipensnap since appearing on Shark Tank shows how determination and good ideas can build a successful business. Despite challenges, Alina stuck with it and eventually partnered with Lori Greiner and Kevin O’Leary. Their support has helped Swipensnap grow and offer more products to help parents. Looking forward, Swipensnap continues to improve and Alina remains committed to making life easier for families. Her story is a great example of how hard work and creativity pay off in business.
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