Curie is a company that produces skin-safe body care products and deodorants without aluminum. The creator of Curie Sarah Moret set out to create a product that would make people feel clean and refreshed without the use of harsh chemicals. She founded Curie as a solution to her frustration with useless natural deodorants.
Sarah appeared on Shark Tank in Season 13 with the intention of closing a deal with the Sharks. She sought funding in order to develop her company and open new locations. During her pitch, Sarah donned her invention to demonstrate how it functioned. Although she requested $300,000 for 5% of her business the Sharks had other ideas. Will the entrepreneur get a deal on Shark Tank? Check out our Curie update to find out!
Curie net Worth 2024
Sarah Moret asked for a $300k investment in exchange for 5% equity in her company, Curie. This meant she valued her company at $6 million. She made a deal with Mark Cuban and Barbara Corcoran for $300,000 for 10% equity plus 4% in advisory shares. After the show aired, Curie saw a big increase in website traffic, sales, and social media exposure. With an estimated 10% yearly growth rate (typical business growth), the current net worth of Curie in 2024 is about $2.8 million.
Curie Shark Tank Update
In terms of a Curie update, Following her appearance on Shark Tank, Curie achieved even greater success. The business kept expanding and gaining new clients. Sales totaled over $1.6 million, and Sarah was even selling out of her merchandise at a live QVC show. In sixteen minutes she delivered $140,000 worth of merchandise!
Curie also opened more shops and fitness centers. These days, you can get their products at Nordstrom, Bloomingdale’s, SoulCycle gyms, and Anthropologie. To meet the demand, Sarah collaborated closely with Barbara Corcoran to find additional suppliers and distributors. To aid in speeding the product’s shipping she also opened two warehouses. As of 2024, Curie remains an operating company and is expanding.
Curie did, in fact, close an offer on Shark Tank. The Sharks felt that Sarah Moret’s request for $300,000 for 5% of her business was excessively outrageous. Daymond John made an offer of $300,000 for 20% of the equity but Sarah rejected it.
Ultimately, a joint offer of $300,000 was made by Mark Cuban and Barbara Corcoran for 12% of the business plus 2% of advisory shares. Sarah attempted to request further funds by offering $300,000 for 10% equity plus 4% in advisory shares and Mark and Barbara accepted.
| Shark(s) name | Offer & Demand | Counteroffer | Accepted? |
| Barbara Corcoran | $300,000 for 14% equity | #1 $400,000 for 14% equity #2 $300,000 for 12% equity plus 2% in advisory shares #3 $300,000 for 10% equity plus 4% in advisory shares | Yes to 3rd offer |
| Lori Greiner | Out | N/A | N/A |
| Kevin O’Leary | Out | N/A | N/A |
| Daymond John | $300,000 for 20% equity | $300,000 for 12% equity | N/A |
| Mark Cuban | $300,000 for 14% equity | #1 $400,000 for 14% equity #2 $300,000 for 12% equity plus 2% in advisory shares #3 $300,000 for 10% equity plus 4% in advisory shares | Yes to 3rd offer |
Curie Shark Tank pitch
In our Curie update research, Curie was founded by Sarah Moret with the goal of creating a natural deodorant that genuinely performed. Despite her extensive experience, she had never found a natural deodorant that truly worked for her. In addition, she sought to create a product free of aluminum. which is frequently found in conventional deodorants.
When Sarah originally launched the company she encountered numerous difficulties. It was challenging to find the appropriate combination that worked well and smelled good. She also needed to figure out how to produce the product in bulk and distribute it to retailers. Sarah persisted nevertheless. She didn’t stop working on her creation until she was satisfied with it.
Sarah introduced Curie as a body care and deodorant firm without aluminum when she visited Shark Tank. She clarified that her products smelled amazing and were safe for the skin. During her pitch, Sarah used the deodorant to demonstrate to the Sharks how effective it was. She claimed that her underarms remained fresh and dry despite the stress of appearing on the show.
Sarah made a $300,000 offer to the Sharks for 5% of Curie. She clarified that she had already used a convertible note to raise $1 million in 2020. She also disclosed that Curie was expected to make $2 million by year’s end. Having generated $125,000 in sales in the first year of operation.
Sarah was asked a lot of questions by the Sharks. They were interested in learning more about the product’s functionality. Due to the company’s lack of profitability a few of the Sharks expressed concern.
Despite Sarah’s exceptional talent, Kevin O’Leary stated that he wasn’t the perfect fit for this line of work. He made the decision not to invest since he didn’t think he could benefit the business. Mark Cuban also stated that he left the company because he had previously experienced difficulties with this kind of business plan. He was unwilling to take the chance once more.
Barbara Corcoran was worried that Sarah was raising money too soon. She stated that it was an enormous mistake to raise $1 million in 2020 through a convertible note. Barbara claimed that this was the reason she was initially out of the contract. In agreement with Barbara, Lori Greiner chose not to proceed with the deal.
Daymond Nonetheless John thought the product was good but wasn’t sure how much the firm was worth. Sarah was made an offer of $300,000 for 30% of the business. Sarah attempted to respond with 12% equity. but Daymond rejected her proposal.
Mark Cuban and Barbara Corcoran re-entered the agreement at the eleventh hour. Together, they promised to make an offer of $300,000 for 12% plus 2% of the business. Sarah made another attempt at negotiation. Requested $300,000 for 10% equity plus 4% in advisory shares and they accepted.
What Went Wrong With Curie On Shark Tank?
Not every Shark expressed interest in funding Curie. Kevin O’Leary chose not to submit an offer because he did not believe he could bring value to the business. Because he had experienced difficulties with comparable business strategies in the past. Mark Cuban was also concerned. These two Sharks dropped early.
Barbara Corcoran was likewise concerned with Sarah’s methods of obtaining funding for the business. She was first hesitant to invest because she believed that raising $1 million on a convertible note was a mistake. Lori Greiner also passed because like Barbara she didn’t think Curie was a good investment.
The only Shark to initially make an offer was Daymond John. He offered Sarah $300,000 for 20% of the business. but she wasn’t happy giving up so much ownership. Ultimately, Mark and Barbara returned to the negotiation and offered the last offer which was $300,000 for 10% equity plus 4% in advisory shares. which Sarah accepted.
Product Availability
Curie produces a variety of skin-safe products that are completely devoid of aluminum. The stick and spray versions of the most often used product is the deodorant. Curie also produces delicate hand sanitizers and whipped body wash. Which is creamy and smooth on the hands.
Curie’s items can be found in numerous locations as well as on their website. Curie is available in SoulCycle fitness centers, Nordstrom, Bloomingdale’s, and Anthropologie. Equinox is a high-end workout facility that also sells Curie. Sarah has put a lot of effort into getting Curie into additional stores, and the business is expanding.
Conclusion
Curie’s experience on Shark Tank aided in the business’s growth. Sarah Moret founded the business to provide effective,skin-safe deodorants without aluminum. Curie has expanded even further after striking a partnership with Mark Cuban and Barbara Corcoran. The business is now profitable with sales exceeding $1.6 million.
With the support of Barbara and Mark, Sarah has taken Curie into other retail locations and fitness centers around the nation. Additionally, she has grown her staff and been able to sell out of merchandise during live events.
We are eager to follow Curie’s future developments. Many fascinating developments are forthcoming, and we’ll be monitoring how this incredible business continues to grow.
Hi, I’m Laiba Khurram, a BBA student specializing in Marketing at FAST NUCES ISB. My background includes experience in finance, marketing, and event coordination. My skills include teamwork, time management, and Microsoft tools. Watching Shark Tank has always inspired me, as I admire the innovative pitches and entrepreneurial spirit showcased on the show. This passion drives my approach to finding creative solutions and understanding market dynamics. Read more About me.
