Oogiebear Shark Tank Update – Oogiebear Net Worth 2024

Sina and Nina Farzin, a confident couple, appeared on season 14, episode 1 of Shark Tank. They presented OogieBear and asked for a 5% equity for $400,000 at an $8 million valuation.

OogieBear is a brand that creates smart baby care products, and the star of the show is their revolutionary baby booger picker that helps children breathe easily by removing the boogers from their noses. The brand goal is to create products to help babies and young children breathe freely.

The Judges were impressed by their pitch, product line, and landing costs. If you missed the first episode 1 of season 14, here’s an exciting and captivating recap of your favorite show. Did the entrepreneur get a deal on Shark Tank? Check out our Oogiebear update to find out!

Oogiebear Net Worth 2024

Sina and Nina Farzin asked for a $400k investment in exchange for 5% equity in their company. This meant they valued their company at $8 million. They made a deal with Barbara Corcoran and Robert Herjavec for $600k in exchange for 10% equity, which valued their company at $6 million. For a quick Oogiebear update, after the show aired, Oogiebear 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 Oogiebear in 2024 is about $7.26 million.

Oogiebear Shark Tank Update

Yes, they secured a deal with Barbara and Robert for an investment of $600k against 10% equity in the company. Keep reading our Oogiebear update to see what happens next!

Shark(s) Involved	Offer made	Demand	Counteroffer	Accepted?
Barbara Corcoran & Robert Herjavec	$400k	10% Equity; if sales are not reached in 2 years, 5% equity will be returned.	$600k for 10% Equity	Yes
Daymond John	N/A	N/A	N/A	N/A
Lori Greiner & Mark Cuban	$400k	12% Equity	N/A	No
Kevin O’Leary	$400k	10% Equity	N/A	No

Oogiebear Shark Tank Pitch

Oogiebear was founded in 2015 by the couple Nina and Sina. They manufacture innovative and smart products for babies, tackling the booger issue, which causes breathing problems in children.

The brand Oogiebear offers the original Oogiebear nose picker, a Light version, a toothbrush teether 360, and an aspirator bar. The Oogiebear products cost between $12.99 and $24.99.

You can buy it from several websites, including Amazon, Walmart, Buy Buy Baby, Target, and Nordstrom.

Sina and Nina Farzin, husband and wife, belonging to Potomac, Maryland, presented their brand Oogiebear. They have 3 kids, and the eldest one, Ariana, is the reason for her idea about Oogiebear products. When her daughter was a baby, she would not sleep through the night and kept waking up as she had breathing issues. As a mom, she knew there was a need, but she was also confused, thinking as if she was the only one facing this problem.

Sina is a periodontist who mainly deals with sinuses, oral cavities, and airways. She has been a pharmacist for over 20 years. She learned all her business knowledge from watching Shark Tank. Oogiebear is a family business where kids are also involved in shipping and social media tasks. The couple said that it’s not only a product, but their mission is to spread awareness of the importance of nose breathing.

In the beginning, Sina asked the sharks if any of them ever picked a baby’s nose. He said that babies can’t blow their noses, especially when it’s stuffed up. It’s hard for kids to eat, sleep, and breathe due to nose boogers.

Boogers are the reason for countless sleepless nights for both babies and their parents. As a pharmacist, Nina knows that everything in the market is for wet mucus but nothing to deal with boogers, so she created the first baby booger picker.

She designed an Oogiebear scoop that picks all kinds of boogers. The bear head design is not only cute, but it prevents the tip from going too far, allowing parents to be in and out quickly. Oogiebear keeps you and your kids sleeping and breathing peacefully.

Kevin O’Leary was pretty impressed by the wide range of Oogiebear products. They presented the original Oogiebear nose picker, Light version, toothbrush teether 360, and aspirator bar.

Lori asked Nina why she left her field as a full-time pharmacist and started this idea. She humored the reply and said her parents asked the same question. All of them laughed hard.

Nina explained more by telling about her parents’ disheartenment when she told her about leaving her executive position and starting Oogiebear. She said, “It was a dare, honestly”. Nina was coming up with plenty of business ideas, and one day, when her nephew was facing the same booger problem, she told her husband, “I’m bringing this to the market.” He looked at her and said, “Let’s see you try”.

Mark Cuban made a remarkable statement at this point, saying, “Yes, there is a message for everybody; you just gotta try”.

Robert asked about the cost and selling price, which she told them is between $2 and $4 while selling prices are between $12.99 and $24.99.

Shark also asked about the age group they are targeting. Nina said that we are marketing it to babies from zero to 24 months because, at this age, babies can’t pick their noses. She also told them how she used prototypes on her son until he was 5 years old.

Kevin asked about Oogiebear’s sales and profits. Nina told them that she managed to generate $15 million in 2022. They are selling products on several websites, including Amazon, Walmart, Buy Buy Baby, Target, and Nordstrom. As much as 76% of the total sales of the product were solely attributed to Amazon. The judges were amazed. Kevin said he was freaking out listening to the huge sales.

Shark Kevin O’Leary offered $400k for 10% equity at a $4 million valuation, while Daymond John didn’t make an offer as he said he had no expertise in the field.

Lori then offered $400k in exchange for 10% equity. This was followed by a request for Mark to join the offer; together, they offered $400k with 12% equity.

Barbara Corcoran also offered $400k in exchange for 10% equity, and if sales goals are not reached in 2 years, 5% of equity will be returned. Robert became more interested in Barbara’s deal as the episode progressed, and he joined her.

The couple got so pressured but excited at the same time as the live audience hooted and asked them to accept the Barbar’s deal. She counteroffered $600k for 10% equity.

Barbara accepted the counteroffer, and finally, Nina and Sina ended up settling with Robert & Barbara for $600k for 10% equity.

Oogiebear Shark Tank Availability

From our Oogiebear update research, Oogiebear offers the original Oogiebear nose picker, a Light version, a toothbrush teether 360, and an aspirator bar. The booger picker cost between $12.99 and $24.99.

The product is available on several websites, including Amazon, Walmart, Buy Buy Baby, Target, and Nordstrom.