The founder of 54 Thrones, Christina Tegbe, appeared on the 4th episode of the 13th season of the popular ABC series, Shark Tank. She came on to this show with the high hopes of impressing investors and securing a deal of $250,000 in exchange for 10% equity in her company.
The issue is, were the sharks impressed by her distinct business concept?
54 Thrones is a skincare firm that manufactures skincare products with ingredients that are sourced from African nations. Most of the products are made by African artisans, including Moroccan mint butter, Egyptian lavender, Ethiopian honey butter, and Ugandan vanilla. You can check their Youtube Channel to learn more about the brand.
As of June 2022, the company is estimated to have a net worth of $3.35 million with the potential for growth to reach a higher net worth as they garner more customers.
How Was The 54 Thrones Launched?
Christina Funke Tegbe resigned from her job where she was working as a corporate consultant to go on a journey to discover her true meaning in life. She traveled to Africa aiming to learn something about her Nigerian heritage.
It was on this specific journey where she discovered the true beauty behind raw natural products that can be used for beauty and skincare rituals. That is where the amazing brand, 54 Thrones was born.
What Happened After Their Shark Tank Episode?
Christina Tegbe appeared on the Shark Tank show and was quite hopeful to at least secure an offer of $250,000 in exchange for 10% equity of the firm.
Eventually, she walked away with a deal of $250,000 in exchange for 17.5% equity in her firm. The deal was made with sharks and investors, Nirav Tolia And Kevin O’Leary.
Currently, 54 Thrones have seen a lot of great success and the company is expected to grow even further. The brand has been featured by Elle, Forbes, and Vogue and was on the list of Oprah’s Favorite Things.
The firm has done extremely well and will see lots of success and sales in the future. You can acquire their products from different online shops including Amazon, Sephora, and Nordstorm. You can also buy their products directly from their online store, check it out!