Swipensnap, an innovative company that made its way to the popular television show Shark Tank, has garnered attention for its unique product – a one-handed diaper cream applicator. This tool has changed the game for new parents, simplifying an otherwise messy and challenging task. Let’s take a closer look at what’s been happening with Swipensnap since its appearance on Shark Tank.
Background Of Swipensnap
Swipensnap is a clever one-handed diaper cream applicator designed to make diaper changes easier and less messy for parents. The product features a soft, flexible applicator that attaches to most diaper cream tubes or bottles. This allows you to apply the cream directly to your baby’s skin with just one hand.
Alina Kravchenko, a mom and entrepreneur, came up with the idea for Swipensnap after struggling with traditional diaper cream application methods. She wanted a solution that was more convenient and hygienic.
Swipensnap Shark Tank Pitch
In Season 12 of Shark Tank, Alina pitched Swipensnap to the sharks. She was seeking $120,000 in exchange for 10% equity in her company.
Alina demonstrated how Swipensnap works and impressed the sharks with her innovative product. She had already invested $150,000 of her own money into developing and patenting the technology.
After some negotiation, Lori Greiner and Kevin O’Leary made an offer: $120,000 for 50% equity. Their plan was to focus on licensing the patented adapter technology. Alina accepted the deal on air.
Swipensnap Shark Tank Update
So what happened after Alina walked off the Shark Tank stage with a deal? Here are the key updates:
- Despite accepting an offer from Lori and Kevin, the deal never actually closed after the show. Sometimes the due diligence process changes things.
- However, Swipensnap is still in business and thriving today. You can purchase the applicator on Amazon and the company website for around $27.99.
- Alina continues to run Swipensnap and has been focusing on licensing the adapter technology to other companies. The unique design allows it to fit securely on various tubes and bottles.
- In addition to Swipensnap, Alina started a new venture called TonerBum. It’s an exercise tool that also stemmed from her own needs and clever problem-solving skills.
- Swipensnap maintains excellent reviews from customers who appreciate how it simplifies diaper changes. Parents love the hygienic one-handed application.
Post-Shark Tank Developments
While the original deal with Lori and Kevin didn’t end up closing, that hasn’t slowed SwipenSnap down one bit. Alina continued selling her handy cream applicators online after the show. She even made some upgrades, like making SwipenSnap work with both large and small threaded tubes.
Alina’s determination and business savvy have really shone through post-Shark Tank. Not only has she kept SwipenSnap going strong, but she also launched a whole new company called TonerBum. Plus, she’s racked up wins at several business competitions. Talk about a powerhouse entrepreneur!
Swipensnap Sales Performance & Milestones
So, just how well has SwipenSnap performed since facing the Sharks? Brace yourself for some impressive numbers. As of 2023, SwipenSnap has surpassed a whopping $1 million in lifetime sales revenue. That’s right, this little diaper cream applicator has officially hit seven figures!
It’s clear that parents everywhere are loving the convenience and ease that SwipenSnap brings to diaper changes. Alina’s clever invention has solved a real problem for busy moms and dads, and the sales figures prove it.
Swipensnap Current Status
After a quiet year on social media, the SwipenSnap Instagram page has recently sprung back to life. Alina is still actively running the business and hinting at exciting things to come. Could there be new SwipenSnap products or features on the horizon? We’ll have to wait and see!
One thing’s for sure – Alina’s tenacity and business acumen have served her well. SwipenSnap has come a long way from its Shark Tank debut, overcoming obstacles and achieving impressive milestones. It’s inspiring to see a small business thrive like this, even without a Shark on board.
Conclusion
Swipensnap’s story after “Shark Tank” shows the impact of hard work and creativity. Even though the deal with Lori Greiner and Kevin O’Leary didn’t go through, Alina Kravchenko’s one-handed diaper cream applicator has done really well on its own, making over $1 million in sales and getting great reviews from parents.
Alina didn’t stop there; she also started a new project called TonerBum. With Swipensnap’s recent activity on social media and hints of new products, it’s clear that Alina’s determination and smart ideas continue to drive her success.
