Shark Tank episode 1010 featured Iskra Tsenkova and Brian Archambo, who presented Angel Shave Club, a monthly subscription service for razors geared toward women.
What Is Angel Shave Club?
The Angel Shave Club is the world’s first women-only subscription shaving service. Angel Shave Club is an all-female online boutique membership shave club.
Angel Shave Club allows subscribers to choose the handle and number of disposable razors they prefer and the frequency of their shipments (which can be changed at any time).
The Angel Shave Club offers two razors to women every two or four months, choosing from a selection. A two-month subscription costs $18.
|Company Name||Angel Shave Club|
|Entrepreneur||Iskra Tsenkova And Brian Archambo|
|Product||Women’s Razor Subscription Service|
|Investment Asking For||$300,000 For 10% equity in Angel Shave Club|
|Final Deal||No Deal|
|Episode||Season 10 Episode 11|
|Business Status||In Business|
Who Is The Founder Of Angel Shave Club?
Iskra Tsenkova is the founder of Angel Shave Club. She founded the company in 2016 after noticing women’s razors were more expensive than men’s.
The purpose of Iskra’s venture was to set up the first women’s shave club that didn’t charge women’s razors the pink fee.
Angel Shave Club Before Shark Tank
It is estimated that women spend an average of 72 days shaving their legs in their lifetime, according to Rebecca Lake’s article, “Shaving Statistics: 23 Remarkable Facts,” published on 6/6/15.
The time and money spent on razors and shaving cream add up quickly, not to mention the time spent shopping for supplies!
Angel Shave Club founder and CEO Iskra Tsenkova recalls reaching for her razor in the shower one day and finding out she and her husband have the same razor.
She purchased hers at a store, while her husband acquired his through a Dollar Shave Club subscription.
She’d spent more money on the identical razor, and she’d had to go shopping for it, whereas he had simply “appeared” on their doorway.
Tsenkova explained in an 8/3/16 interview with Michelle Dederko of pacificsandiego.com that she asked herself, “… how is there no such business for women?”?
She was a Bulgarian native who had lived in the San Diego area for nine years and worked as a sales representative and yoga instructor.
Tsenkova was born into poverty but desired to establish her own business.
She envisioned a club that would give razors in women-friendly colors and designs, delivered in a lovely box on a schedule that accommodated each member’s lifestyle.
She began developing the dream razor in October 2015 after finding nothing that met her vision.
Angel Shave Club received its initial funding via an Indiegogo campaign and formally began in March 2016.
Women would no longer be an afterthought at men’s shaving clubs but would subsequently have their boutique shaving club!
She earned around 2,000 subscribers in four months.
A subscription includes three or five blades made of high-quality US steel and equipped with a flexible head with Aloe Vera and Vitamin E moisturizing strips to help relieve inflammation.
The ergonomically designed handles come in two colors and provide a non-slip, excellent control grip.
It is possible to schedule delivery every two or four months, and delivery inside the United States is free.
The Angel Shave Club also offers an all-natural Shaving Soufflé prepared with Aloe Vera, Bentonite clay, and sweet Almond Oil, as well as a “First Shave Kit” that includes a razor, Shaving Soufflé, and other accessories to commemorate this coming-of-age event.
How Was The Shark Tank Pitch Of Angel Shave Club?
Iskra and Brian appeared on Shark Tank requesting an investment of $300,000 in exchange for a 10% stake in Angel Shave Club.
Iskra and Brian leave the Shark Tank stage empty-handed without any deal from the Sharks for Angel Shave Club.
Angel Shaving Club exited the Shark Tank in Season 10 Episode 11 but was quickly noticed by Quake Capital, which offered the women’s shave club a $200,000 investment.
Final Dea: No Deal between Angel Shave Club and Sharks.
What Happened To Angel Shave Club After Shark Tank?
Angel Shave Club garnered some interest among women after its appearance on Shark Tank.
The appearance on Shark Tank allowed them to receive an investment of $200,000 from Quake Capital to expand their business.
Angel Shave Club was not able to promote its product and went downhill. The company ceased its operation in late 2019 due to financial issues.
There was considerable speculation that venture capitalists played a role in the company’s demise, although these are merely hearsay.
Is Angel Shave Club Still In Business?
Angel Shave Club was in business for three years until ceasing operations in early December 2019 owing to a cash shortage.
However, Angel Shave Club’s former clients claim that it has relaunched as a less transparent women’s razor subscription service that was only launched a few weeks after the company announced its closure.
What Is the Net Worth of Angel Shave Club?
The valuation of Angel Shave Club was $3 million when it appeared on Shark Tank. The net worth of Angel Shave Club is unknown as of 2022 since the company went out of business in December 2019.