Dude Wipes made an appearance on season 7 of Shark Tank. It’s a line of wet wipes that are specially designed for men.
Originally, Dude Wipes was created to offer guys sanitary napkins for their private parts. But now the concept has changed as the wipes are infused with vitamin E and aloe vera. These wipes can be used on any part of the body including sensitive areas. Since these are biodegradable wipes, they can be easily flushed down the toilet.
The product was presented on Shark Tank by a group of founders Brian Wilkin, Sean Riley, Jeff Klimkowski, and Ryan Meegan. The estimated net worth of the company after Shark Tank is $300 million.
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Quick Facts
| Business details: | Wipes for Men |
| Founders name: | Sean Riley, Ryan Meegan, Jeff Klimkowski |
| Founded in: | 2012 |
| Location (Country): | Chicago, Illinois, USA |
| Investment Asked by Company: | $300,000 for 10% equity |
| Sharks on board (Investors): | Mark Cuban |
| Accepted Deals: | $300,000 for 25% equity |
| Shark Tank Episode: | Season 07 Episode 04 |
| Net Worth | $300 million |
| Business Status: | Active |
| Social Media | Facebook |
| Last Updated: | Feb 5, 2024 |
Who are the founders?
Dude Wipes was founded by a group of friends Ryan, Brian, Sean, and Jeff from Chicago, Illinois. All four of them have been friends since their childhood. Although they grew up together, they studied in different colleges.
Sean studied industrial technology at Illinois State University, while Ryan attended Benedictine University, where he studied marketing and communication. The education profile of the other two is not known.
Founding Dude Wipes
When the four of them were in college, they realized that there are no companies that offer sanitary napkins for men. This is what inspired them to establish Dude Wipes in 2012.
They introduced a line of wet wipes that were designed to meet the unique needs of men. These napkins were larger and more durable than baby wipes. Also, the material could be used to wipe male private parts and other sensitive areas.
The wipes are also biodegradable so disposing of them isn’t a concern. After the launch of the company, they made sales of $300,000.
Dude Wipes On Shark Tank
Ryan, Jeff, and Sean appeared on Shark Tank with an offer of 10% equity for $300,000. Although their presentation was great, female Sharks Lori Greiner and Barbara Corcoran didn’t find the product practical.
Mark Cuban also wanted to quit the deal, but he was caught off guard by the sales numbers. He teamed up with Kevin O’Leary and offered a counter deal of 25% equity for $300,000.
Dude Wipes After Shark Tank
Shark Tank helped the company gain immense publicity. The year the episode was aired, the company made sales of $3.2 million. The Sharks also helped the product get into major retail stores such as Bass Pro Shops, Target, Ralphs, Meijers, and others.
In 2018, Dude Wipes was offered to be a part of Walmart’s Made in the USA program. This helped the company introduce more products like Dude Bomb and Chill Wipes.
As per reports, the company made annual sales of $40 million in 2020, followed by $67 million in revenue the next year.
As of 2024, the estimated net worth of the company is $300 million. It is expected to increase more as the company is doing quite well.
It wouldn’t be wrong to say that Dude Wipes is one of the best Shark Tank investments.
FAQs
1. How much money does DUDE Wipes make?
Following their Shark Tank episode, DUDE Wipes gained a lot of traction in their sales in 2020 when they touched around $40 million in overall sales. They are one of the biggest products on Shark Tank to date.
2. What is the current valuation of DUDE Wipes?
According to the information that we have right now about DUDE Wipes, the company currently has an estimated valuation of $300 million, which is massive.
3. Does Mark Cuban own DUDE Wipes?
During their Shark Tank pitch, Mark invested $300,000 for 25% in the company, which makes him a partial owner of the company right now.
