Bambooee Shark Tank Update

What Is Bambooee?

Bambooee is the world’s first 100% washable and reusable paper towel. It is possible to reuse a single paper towel up to 100 times.

They are equally as absorbent as paper towels, but they can be rinsed in the sink, wrung out, and reused.

They do not rip, shred, drip, or tear even when wet, meaning that even the most difficult messes are easy to clean.

Additionally, bambooee are machine washable. You can reuse your Bambooee the next day by washing it the night before. You can reuse each one up to 100 times.

With Bambooees, you can replace up to 286 rolls of paper towels for 5 and half years with a single roll!

Bambooee Shark Tank Update

The use of bambooee is not limited to just the kitchen. They are gentle enough to apply on your face and will leave no scuff marks on your car. They can be used anyplace.

This towel is truly amazing because it isn’t made from paper. They are made out of bamboo fibers and are more like cloth than paper.

This makes them exceptionally robust while allowing them to be repaired at an affordable cost when required.

Bambooee concerns more than just creating a great paper towel substitute; it also concerns the environment.

Every Bambooee is handcrafted from bamboo that is sustainably sourced and naturally grown.

Additionally, the firm plants a tree for every roll sold. 

Company NameBambooee
EntrepreneurNoam Krasniansky And Irene Krasniansky
ProductSustainable Bamboo Paper Towel
Investment Asking For$200,000 for 10% equity in Bambooee
Final Deal$200,000 for 10% equity in Bambooee
SharkLori Greiner
Episode Season 5 Episode 18
Business StatusIn Business
WebsiteVisit Website

Who Is The Founder Of Bambooee?

The founder of Bambooee is Noam and Irene Krasniansky.

The couple stopped using paper towels in their kitchen after learning that only 7% of the Brazilian rainforest was intact.

However, they required an alternative. The Krasnianskys took two years to develop Bambooee, a rayon made from organic bamboo.

Bamboo regrows every year after being harvested. Once harvested, trees do not regenerate.

Bambooee Before Shark Tank

Noam and Irene Krasniansky invented Bambooee together as a husband and wife team.

Bambooee is an alternative to paper towels made from bamboo. Irene came up with the idea when she decided to discontinue using paper towels.

Noam and Irene decided to look for an environmentally friendly alternative to paper towels after they realized how many trees were harvested every year for paper towel production.

Paper towels made from normal trees cannot compare with bamboo towels since they are the fastest-growing planet and can be harvested yearly.

The reusable nature of this product makes it unique. Bambooee rolls come with twenty bamboo towels.

You can wash it after normal use, and one towel can be washed more than 100 times. A favorite of eco-conscious shoppers, bambooee made an immediate impact.

Their invention won numerous awards at home and kitchen exhibitions, shown by the husband and wife team.

The Bambooee company plants a tree for every roll sold as well. There have been over 50,000 trees planted in this project, another environmental aspect that appeals to the environmentally conscious.

Bambooee was a hit with many customers, but Noam and Irene decided to enter the shark tank to gain business knowledge and additional funding.

Noam and Irene also hoped the sharks would accommodate Bambooee’s goals of entering the retail industry.

What would sharks make of this more eco-friendly product? Will they join forces with these eco-conscious businesspeople to strike a deal?

How Was The Shark Tank Pitch Of Bambooee?

Irene and Noam reached Shark Tank seeking an investment of $200,000 for 10% of Bambooee.

Final Deal: Lori Greiner agreed to invest $200,000 for 10% equity in Bambooee.

What Happened To Bambooee After Shark Tank?

The bambooee brand has succeeded since Irene and Noam showcased their products on Shark Tank and closed a deal with QVC Queen Lori.

Irene and Noam are, however, working incredibly hard to take their business from scratch to the success they know it can be.

Bambooee has continued to expand its retail footprint with Lori’s assistance.

Bambooee is available in various retail locations and online through websites such as Amazon.

Chord Buddy Shark Tank Update

The partnership between Lori and Irene, and Noam has generated more than $3 million in sales.

Lori is undoubtedly thriving in the shark tank once again. We wish them the best of luck in the future!

Bambooee Shark Tank Update

Bambooee got a great boost in sales after Noam and Irene appearance on Shark Tank.

Bambooee generated a great amount of sales and the retailers selling Bambooee reported to have gone out of stock very soon.

With Lori Greiner as a partner for Bambooee, the business had a great exposure and joined hands with some major retailers across the country.

Bambooee is still in business as of June 2022, generating over $5 million in annual revenue.

Is Bambooee Still In Business?

Yes, Bambooee is still in business as of 2022, with annual revenue of $5 million. 

There are twenty sheets on each Bambooee roll. You can machine wash each sheet 100 times. 

The Bambooee rolls can also be used with normal paper towel dispensers since they are perforated.

QuikFlip Shark Tank Update

The two rolls of Bambooee are available for $20.99 per roll with free shipping on the company’s website.

Lori Greiner accepted Krasnianskys’ offer on Shark Tank. Bambooee is currently available for purchase on Amazon and Staples.

What Is the Net Worth Of Bambooee?

The valuation of Bambooe was $2 million when it appeared on Shark Tank. The net worth of Bambooee is $5 million as of 2022.

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