Scrub Daddy Shark Tank Update: Winner or Goner?
The founder of Scrub Daddy, Aaron Krause, came to the Shark Tank seeking only $100,000 in exchange for 10% equity in his newly launched business. Aaron has already done a few startups before, but the spark of scrubbers came when he saw the gap in the market and business possibility to strike.
So, Scrub Daddy was founded to ensure kitchen work doesn’t appear to be a problem anymore. The pitch was impressive, and all the sharks showed interest in the business. However, the deal was secured by Lori Greiner, offering $200,000 for 20% equity.
So, what’s the latest Scrub Daddy update? Is the business a winner or a goner? Let’s find out more about the Scrub Daddy Shark Tank update.
Scrub Daddy Shark Tank Profile
Below is Scrub Daddy’s business profile. Do consider checking them out.
| Company Name | Scrub Daddy |
| Product Type | Different cleaning products, but got fame for the sponges |
| Founder | Aaron Krause |
| Founded In | 2012 |
| Net Worth | $300 Million |
| Was Scrub Daddy on Shark Tank? | Yes |
| Shark Tank Season | 4 |
| Shark Tank Episode No | 7 |
| Aired on Shark Tank | 25th October, 2012 |
| Investment Asked for | $100,000 |
| Equity Stake | 10% |
| Valuation | $1 Million |
| Shark’s Offer | $200,000 for 20% |
| Deal Closed At | $200,000 for 20% |
| Deal Secured By | Lori Greiner |
| Current Business Status | In Business |
| Scrub Daddy Headquarters | Suckle Highway Pennsauken Township NJ, the United States |
| Scrub Daddy Website | Click Here |
| Buy Product | On Amazon |
| Watch on | Amazon Prime |
Aaron Krause’s Journey to Making Scrub Daddy
Scrub Daddy, a domestic cleaning product brand, became a well-known brand for its astounding and multifunctional cleaning sponge. Aaron Krause founded the company in 2012, and till then, he has taken charge of the entire company.
Scrub Daddy’s story began when Aaron Krause, using his manufacturing experience, pioneered a cutting-edge material called FlexTexture.
This breakthrough has a one-of-a-kind property; it changes texture depending on the overall temperature of the water used during any cleaning process.
Krause’s invention soon drew the attention of the popular television show Shark Tank. And in 2012, he appeared on the show and impressed the panel of investors.
What Happened to Scrub Daddy After Shark Tank?
Till now, Scrub Daddy has been one of the successful ventures in Shark Tank. After the Scrub Daddy Shark Tank episode, the sales of the company got an immense rise.
In January 2017, the company put a step on a huge milestone where its sales skyrocketed by over $100 million. In 2021, Scrub Daddy sold more than ten million pieces of scrubs and generated more than $50 million in that particular year.
And gradually, Scrub Daddy got a leap in net worth from $100,000 to $209 million at the end of 2019. Lori Greiner also stated that Scrub Daddy made over $75 million in only three years after it was telecasted on Shark Tank.
Aaron has big plans to give a wider range of products and grow the company’s market share. The company also wants to have a strong footprint in almost all the retailers in the US and come with a strong target in different international markets.
Scrub Daddy Net Worth: Get Ready to be Shocked!
Scrub Daddy is a mind-blowing brand with a grossing net worth of around $300 million. The company generates approximately $80 million in annual sales, which clearly states the marketing success.
Moreover, according to Lori Greiner, Scrub Daddy is one of the best Shark Tank investments so far.
The credit for such a humongous net worth goes to the founder, Aaron Krause. His dedication and hard work cemented the company in such a competitive industry through the years.
Scrub Daddy Sales Data
In this table, we’ve listed the total revenue Scrub Daddy made from 2012 to 2023.
| Years | Total Revenue |
|---|---|
| 2012 to 2017 | $100 Million |
| 2018 | $190 Million |
| 2019 | $250 Million |
| 2020 | $290 Million |
| 2021 | $220 Million |
| 2022 | $260 Million |
| 2023 | $300 Million |
Is Scrub Daddy Profitable at This Moment?
Aaron and Lori’s close business relationship has helped Scrub Daddy succeed and reach a state where a company only dreams of going.
Scrub Daddy founder Aaron wants to exceed his accomplishments and desires to see the company become a recognized brand like Brillo and Lysol.
Thanks to their determination, Scrub Daddy is as bright and smiling as their sponges, and it’s currently one of the most successful cleaning brands of all time.
Their products are currently available on their website and on Amazon. Walmart, Bed Bath & Beyond, Target, and Lowes sell them in the United States and even abroad.
Scrub Daddy today awaits new goods and dreams to increase its brand value and become the industry leader in the upcoming years.
Current competitors of Scrub Daddy:
- Kaivac
- Casabella
- Libman
- Evriholder Products
Bottom Line
So, how was Scrub Daddy on Shark Tank? Well, the pitch from Aaron was astounding. It impressed the sharks and even resulted in Lori increasing the ask to $200,000, as Daymond was also in the game!
Although Lori eventually sealed the deal, the equity war between Daymond and Lori was worth watching. In the end, the business to date is booming and is just a few steps away from becoming a unicorn.
