What Happened To Supply Co Razor After Shark Tank?
Supply Co Razor After Shark Tank Update: The upcoming episode of Shark Tank will showcase the Supply, a single-blade razor. This innovative product represents one of the newest entrants in the shaving and grooming industry, and its backstory is captivating. Let’s delve into the history of Supply and its creators, Patrick and Jennifer, as we explore their journey.
What Is Supply Razor?
The Supply Razor is a form of safety razor that features larger injector-style blades, allowing for significantly longer blade life in comparison to conventional razors with multiple cutting edges.
The razor is significantly less expensive than name-brand alternatives, and it comes with a spare 20-pack of blades in case you ever need them.
Who Is The Founder Of Supply Razor?
Supply Razors was founded by the talented husband-and-wife team, Patrick and Jennifer. Notably, Patrick Coddou, an accomplished mechanical engineer, played a pivotal role in the development of one of Lockheed Martin’s most reliable fighter planes.
On the other hand, Jennifer, his wife and business partner, brings her expertise as a math professor and fitness trainer at the Texas Medical Center.
Together, their shared motivation for establishing Supply was to inspire others to adopt the most efficient and effective approaches to various tasks.
It was in 2015 that the couple embarked on their journey to fulfill their dream of offering the market’s highest-quality shaving and grooming products.
Moreover, their partnership is fueled by their shared passion for innovation and their dedication to providing exceptional products to their customers.
With Patrick’s engineering prowess and Jennifer’s expertise in mathematics and fitness, they form a formidable team.
Their combined skill sets and unwavering commitment have set them on the path to success.
Moreover, throughout their journey to establish Supply Razors, Patrick and Jennifer have displayed unwavering determination and perseverance.
Despite facing various challenges and setbacks, their resilience has been the driving force that kept them focused on their ultimate goal: providing consumers with superior shaving and grooming products.
Pros
- Perfect for new users.
- Perfect for any skin type
- Each blade is simple to replace.
- Shaves can be personalized using an adjustable blade.
- Stylish design
- Permanently Guaranteed
- Available in the traditional matt black and jet black hues
Cons
- Disposable razors are much cheaper.
Know About the Supply Razor Shark Tank Update
During Episode 6 of Season 11 of Shark Tank, Supply Razor made a compelling pitch for their subscription service featuring single-blade razors.
Captivating the attention of the investors, the company’s founders, Patrick and Jennifer Coddou, expressed their desire to secure a $300,000 investment in exchange for a 10% stake in their business.
However, it was Robert Herjavec who diverged from their expectations and presented them with an alternative offer.
Surprising both the founders and the audience, Herjavec proposed investing the desired $300,000 but in return for a slightly higher ownership share of 15%.
At this critical moment, the founders found themselves at a crossroads, faced with an important decision that would undoubtedly shape the future trajectory of their business.
With Supply Razor’s single-bladed metal razor, you can experience smooth shaving with minimal irritation, razor bumps, and waste.
Notably, the razor comes with a lifetime warranty, ensuring long-lasting satisfaction.
In 2023, Supply Razor replaced the razor they sold on Shark Tank with a better model. They offer a variety of items, including stands and shaving kits. It is predicted that the corporation will earn $2.5 million in revenue.
Supply Razor Shark Tank Update
| Company Name | Supply Co | |
| Founder | Patrick Coddou and Jennifer Coddou | |
| Founded | 2015 | |
| Product | Personal Grooming Kits | |
| Asked For | $300k for 10% equity | |
| Final Deal | $300k for 15% equity | |
| Shark | Robert Herjavec | |
| Supply Razor Shark Tank Episode | S11 E6 | |
| Air Date | Nov 3, 2019 | |
| Business Status | In Business | |
| Headquarters | Fort Worth, Texas, United States | |
| Supply Razor Net Worth | $49.5M | |
| Supply Razor Instagram | View Profile | |
| GO TO AMAZON | View Product | |
Another Shark Tank Pitch:
Supply Razor on Shark Tank Pitch
Patrick and Jennifer appeared on Shark Tank, seeking a $300,000 investment in exchange for a 10 % stake in their business. They were hoping to find a “shark” who might help them in expanding their business.
Lori was intrigued by the product and even called it the “Cadillac” of razors, but she ultimately chose not to purchase it because she simply couldn’t see herself using it.
Robert and Kevin were the only ones left to make an offer after Daniel and Mark dropped out.
The team decided that Robert’s offer was better than Kevin’s. The rest, as they say, is history after they agreed to Robert’s offer of $300,000 in exchange for 15% equity.
Supply Razor After Shark Tank
In a significant development, Dallas-based acquisition platform Foundry Brands has acquired Supply, a renowned manufacturer of men’s grooming products. Supply gained prominence through its appearance on the reality show Shark Tank.
However, the stock transaction with Robert Herjavec worth $300,000 for a 15% stake did not materialize. Nevertheless, Supply experienced an impressive 300% surge in razor sales immediately following its original air date.
Capitalizing on its success, Supply Razor has recently introduced an upgraded version of its acclaimed razor. They offer a diverse range of products, including razors, stands, and kits.
The flagship product, the Supply 2.0 single-blade injection razor, stands out with its 100-year guarantee and an annual supply of blades.
It is evident that the Coddous, the couple behind Supply Razor, sought out a Shark to expedite their company’s growth.
Supply Razor Net Worth
Supply Razor Company is currently valued at $20,000,000. The company’s creator appeared on Shark Tank, seeking capital at a value of $3 million. However, they were able to secure investment at a valuation of $2 million.
Is Supply Razor Still In Business?
Yes, Supply Razor is still in business.
Sales quickly surpassed the previous month’s figures just two days after the airing of Supply Razor, and they have continued to rise steadily. With an annual revenue of $12 million as of July 2021, their success is undeniable.
Moreover, their steady expansion and product improvement have solidified their position. By continuously enhancing their offerings, they have outpaced the competition.
Furthermore, their unwavering commitment to customer satisfaction has been key. Prioritizing customer feedback and incorporating innovative features, they have built a loyal customer base.
Supply Razor Competitors
Supply Razor has competition from brands like Bevel and One Blade, as well as Merkur.
FAQs:
Patrick Coddou and Jennifer Coddou founded Supply Razor.
Supply Razor Net Worth is $49.5M.
Yes, Supply Razor is still in business.
Table of Contents
