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Curie Net Worth 2024 – What Happened After Shark Tank?

Unknown to many, most standard deodorant merchandise are made with aluminum. With this, she based her personal line of deodorants, Curie. She pitched her product on Shark Tank and acquired a cope with Mark Cuban and Barbara Corcoran. As of 2024, Curie is price $6 million.

About the Founder

Sarah Moret hails from Los Angeles, California and has a bachelor’s diploma in enterprise administration from Boston University. This is why, earlier than turning into an entrepreneur, she already had some expertise in enterprise.

After school, she spent three years as a senior affiliate at PwC, a significant accounting agency. The California resident was later employed by Formation 8 as a finance and operations supervisor. Then, she later labored as an funding affiliate for Crosscut Ventures and finally grew to become the Head of Strategy on the meals tech startup, Ukko.

Founding the Company

Moret frequently used deodorants however switched to natural merchandise. However, all the pieces she used both irritated her pores and skin or made her odor dangerous. As a end result, Sarah was impressed to launch her personal line of deodorants.

In 2017, she began testing clear skincare formulation as a facet mission. When Curie launched, Sarah was nonetheless working full-time. She used $12,000 in financial savings to get the enterprise began in 2018.

Sarah began with deodorant sticks however later expanded her product line after getting a cope with a big health chain. In her first 12 months in enterprise, Curie made $125,000 in income and raised $1 million via a convertible word.

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Shark Tank Appearance

Although the startup was rising quickly, it wasn’t worthwhile. Sarah utilized to look on Shark Tank in 2020 however didn’t get accepted till 2024. She appeared on season 13 of the present and was in search of $300,000 for five% fairness.

As a former CPA, Sarah was spot-on along with her numbers which Sharks liked. However, the Sharks acquired slightly hesitant after she talked about her spherical of funding however wowed them along with her gross sales figures. Curie made $700,000 in 2020 and was on observe to make $2 million in gross sales for 2021.

Mark and Barbara have been initially out, however they got here again in to make a joint supply of $300,000 for 14%. The entrepreneur made a counteroffer, and so they shook on $300,000 for 12% fairness and a couple of% advisory shares.

After Shark Tank

After their episode aired, the startup bought out all of its stock in 24 hours and constructed up a ready listing of over 5,000 clients. They later expanded into detox masks, sanitizers, and scented candles. The firm had plans to roll out extra merchandise however confronted provide chain points. Recently, they recruited a Supply Chain Operations Manager to deal with this drawback.

Curie is obtainable at Anthropologie, Nordstrom, SoulCycle, Bloomingdale’s, Amazon, and their web site, CurieBod.com. They have appeared on QVC over 10 occasions since February 2021 as their merchandise are a giant vendor on the procuring channel. QVC and TikTok are their greatest advertising and marketing channels and drove 60% of gross sales for 2021.

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One of their bestsellers, the deodorant stick, has a mean star score of 4.1 from 466 Amazon evaluations. Sarah revealed that Curie’s 12 months-over-12 months progress price is a powerful 530%. Currently, Curie is price an estimated $6 million.

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