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Enterprise companions Oliver Zak and Selom Agbitor have tapped into an underserved market with their tattoo aftercare enterprise, Mad Rabbit Tattoo. By correctly moisturizing the pores and skin over tattoos, their ink stays vibrant and resists fading over time. Oliver and Selom have created a moisturizer that blends 7 all-natural elements that, when utilized to a tattoo, helps deliver it again to life and stop it from fading over time. Mad Rabbitt Tattoo is targeted on offering care to the physique artwork that buyers have so thoughtfully chosen for themselves.
Will the Sharks go mad for this tattoo care balm? #SharkTank
— Shark Tank (@ABCSharkTank) March 27, 2021
Selom and Oliver have had nice preliminary success with Mad Rabbit Tattoo. By producing greater than 90,000 Instagram followers, the pair are projecting to shut the yr at $3,000,000 in gross sales. They consider that their early success could be attributed to working with influencers who’re serving to to drive social visitors and gross sales. They’re hoping to accomplice with a Shark that may assist them develop their subscription-based companies and broaden their market share. Searching for $500,000 in trade for five% of Mad Rabbit Tattoo, Oliver and Selom are hoping to safe a accomplice that won’t solely assist their firm financially however strategically as properly.
Impressed by Oliver and Selom as entrepreneurs, in addition to by their enterprise success, each Mark Cuban and Kevin O’Leary have been wanting to accomplice with Mad Rabbit Tattoo. The opposite Sharks felt as if they have been already so profitable, as evidenced by their gross sales and profitability, that they actually didn’t have something to supply them that will add to their success. Kevin provided to take a position $500,000 as a enterprise debt take care of 9.75% curiosity and 5% fairness. Mark Cuban provided to take a position $500,000 in trade for 12% fairness. Oliver and Selom in the end determined to simply accept Mark’s partnership deal.
Do you’ve gotten a tattoo? #SharkTank @ABCSharkTank
— Lori Greiner (@LoriGreiner) March 27, 2021
Now that’s the way you *seal* the deal. #SharkTank pic.twitter.com/ud8iW8iaMZ
— Shark Tank (@ABCSharkTank) March 27, 2021
Do you assume that they made a mistake by partnering with Mark Cuban? Do you’re feeling that Kevin O’Leary might have introduced extra to the desk for Mad Rabbit Tattoo? For those who have been a Shark would you’ve gotten invested within the firm? Begin the dialog within the feedback under!
