Justin Lee and Neil Joglekar developed a product to improve people’s quality of sleep. They observed that many people were unable to obtain adequate sleep. It was also difficult to nap during the day. Making it simpler for individuals to wake up feeling happy was their goal. They made Napwell for that reason. Napwell was a light-equipped sleeping mask.
The user was gradually awakened by the lights turning on. It looked like dawn. In Season 6, Neil and Justin presented their concept to Shark Tank. Ten percent of their company was valued at $100,000. Will the entrepreneur get a deal on Shark Tank? Check out the Napwell update!
Napwell Net Worth Shark Tank Update 2025
Stephen Tran and Justin Lee went on Shark Tank asking for $100,000 for 10% of their company. This meant they thought their business was worth $1,000,000. They did not make a deal with any Shark. The episode was aired on January 9, 2015. The napping mask with gradual light features never reached full production and the company closed. The current net worth of Napwell is $0 in 2025.
Following Shark Tank, Napwell did not continue to operate. The product did not sell well, despite the show airing. The issues raised by the sharks were beyond Neil and Justin’s capabilities to resolve. After the show, the business closed a few months later. Napwell had ceased operations by 2024. Though it didn’t survive long the product showed potential.
Following the show the makers did not post any updates on their social media accounts or website. This indicates that the business’s adventure came to an end shortly after it was featured on Shark Tank.
Napwell was not given a Shark Tank deal. Neil and Justin requested $100,000 in exchange for ten percent of their company. They told the sharks about their plan. The sharks were concerned but they appreciated the inventiveness. None of the sharks made an investment. Justin and Neil departed without a deal. The sharks were not persuaded that Napwell was a wise investment.
| Shark(s) name | Offer & Demand | Counteroffer | Accepted? |
| Robert Herjavec | out | N/A | N/A |
| Lori Greiner | Out | N/A | N/A |
| Kevin O’Leary | Out | N/A | N/A |
| Daymond John | Out | N/A | N/A |
| Mark Cuban | Out | N/A | N/A |
Napwell Shark Tank pitch
Napwell was created by Neil Joglekar and Justin Lee. Both of them have a solid educational foundation. Justin went to MIT, whereas Neil attended Stanford. They were both interested in using technology to solve practical issues. They observed that many people were unable to obtain adequate sleep. They also found that people frequently felt exhausted after naps rather than refreshed. Their goal was to improve napping.
Their individual experiences served as the inspiration for Napwell. Both Justin and Neil struggled to wake up from their naps. After setting frequent alarms, they felt drowsy and depressed. They began looking for more natural ways to wake up. They discovered that light has the power to awaken individuals. They were motivated to design Napwell by this.
It wasn’t simple to build Napwell. It was up to the creators to provide a product that fulfilled their promises. The mask needed to be both efficient and comfortable. They also had to make sure that the lights wouldn’t interfere with the snooze. Marketing was another significant obstacle. It was up to Neil and Justin to explain why Napwell was superior to standard alarms. They required people to comprehend the mask’s operation. Napwell’s success was hampered by these obstacles.
Justin and Neil come on Shark Tank to make a product pitch. They began by outlining the issue. A lot of individuals struggle to get enough sleep. Although they can be useful, naps are not necessarily refreshing. People may be too abruptly awakened by regular alerts. They feel drowsy and depressed as a result. Justin and Neil claimed to have an answer. Napwell was introduced. Napwell is a unique mask designed to improve slumber. It gradually wakes people with lights.
The sharks were shown how Napwell operated by Neil and Justin. There is a timer on the mask. The user chooses the duration of their slumber by setting the timer. The mask gradually illuminates ten minutes before the conclusion of the snooze. The user receives assistance in waking up by the brightening light. Justin and Neil claimed that the mask resembles a dawn. This facilitates a more organic awakening.
The founders requested $100,000 in exchange for ten percent of their business. They claimed that the funds would be used to sell and enhance the product. They described the mask’s scientific basis. After naps, they thought Napwell may help people feel better. The sharks paid close attention. They got a lot of inquiries concerning the company and the goods.
Napwell was the subject of multiple inquiries from the sharks. They were curious to know how it operated. Justin and Neil described the technology. The mask awakens users with progressive light. According to them, the light makes the body feel more alert and renewed. The science piqued the sharks’ interest. Neil and Justin reported that they tried the mask and found it to be effective.
The sharks enquired about the market as well. They were curious as to who might purchase Napwell. According to Neil and Justin, the device was designed for those who required better naps. They claimed that both workers and students benefited from it. Those who work nights could also benefit from it. The sharks questioned if the market was sufficiently large. They were concerned that the product would only be purchased by a select few.
Another issue was marketing. How would Neil and Justin explain Napwell to customers, the sharks asked. Online advertisements would be used, according to the creators. The product would also be offered for sale on their website. This was considered insufficient by the sharks. They said that individuals could find it difficult to understand the product.
Another problem was the expense of creating Napwell. If the product was profitable, the sharks enquired. The cost of making the mask was acknowledged by Neil and Justin. They said that in order to reduce the expenses, they required additional funds. As a result, the sharks became concerned about the company.
Napwell did not convince the sharks. The first person to go was Mark Cuban. He expressed his lack of faith in the product. He believed that marketing was too difficult. Next to go was Kevin O’Leary. “The business is too risky,” he remarked. He believed that Justin and Neil lacked a clear plan. Lori Greiner made the same decision. “There are other products that can gently wake people up,” she noted. She didn’t believe Napwell was unique enough.
The final sharks to go were Daymond John and Robert Herjavec. Robert said the product was interesting but he did not think it was a good investment. Daymond concurred. “The product is too niche,” he remarked. Not a single shark was offered. Neil and Justin left Shark Tank without a deal.
What Went Wrong With Napwell On Shark Tank?
The sharks did not invest in Napwell for a number of reasons. Marketing was a major factor. The sharks believed it would be difficult to explain the product to consumers. They didn’t believe Neil and Justin had a well-defined strategy. The market was another factor. The sharks deemed the product too specialized. They questioned if enough people would purchase it.
Another issue was the expense of producing Napwell. The cost of making the mask was high. The sharks were concerned that the business would not make a sufficient profit. They also believed that the founders lacked sufficient commercial acumen. The sharks lost faith in Napwell as a result of these problems.
Product Availability
The product Napwell was unique. The purpose of the mask was to improve slumber. There was a timer on the mask. It also had lights that woke the user by gradually turning on. It differed from standard alerts because of this. Wearing the mask was simple and pleasant. It was designed for those who desired more comfortable naps.
Napwell was accessible on the business’s website following Shark Tank. Justin and Neil intended to sell it on the internet. In order to reach customers they also intended to employ advertisements. But sales of the product were poor. Its operation was not well understood by many. The website has been shut down. Napwell will no longer be accessible by 2024. A few months after the Shark Tank episode aired the firm ended operations.
Conclusion
Napwell was a creation of creativity. Its goal was to improve naps and help individuals wake up feeling refreshed. In Season 6 Neil and Justin presented their proposal to Shark Tank. They want $100,000 in exchange for 10% of their business. The sharks were concerned but they loved the concept. They believed that marketing the product would be challenging.
They also believed that the enterprise was too dangerous. Not a single shark made an investment. Napwell closed down soon after the performance. Napwell’s experience demonstrates the difficulties of launching a new company. The creative idea didn’t work out.
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.
