✓ Got a deal Out of business Season 12, Ep. 20 💄 Fashion & Beauty

Opulence MD Beauty on Shark Tank

Opulence MD Beauty makes magnetic eyelashes designed to be applied without glue. They are aimed at people who want the look of false lashes with easier application and removal and no adhesive on the eyes.

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⏱ Opulence MD Beauty in 30 seconds

The ask$75K for 5%Valued at $1.5M
In the tankDeal: $100K for 20%With Kendra
After the showNot confirmedNo public record either way
TodayClosedFounder Dr. Anika Goodwin-Hilderbrand announced the closure in an Ins…

Opulence MD Beauty Shark Tank deal

Asked for: $75,000 for 5%
Asking valuation: $1.5M
Result: Deal
Final deal: $100,000 for 20%
Deal valuation: $500K
Shark: Kendra Scott
Founders: Anika S. Goodwin
From: -
Aired: Apr 9, 2021

Asked

$1.5M

Got

$500K

Would you have invested in Opulence MD Beauty?

The pitch

Anika S. Goodwin pitched Opulence MD Beauty in Shark Tank Season 12, Episode 20 (aired Apr 9, 2021). They asked for $75,000 in exchange for 5% equity, valuing the business at $1.5M. The entrepreneurs walked away with a deal from Kendra Scott: $100,000 for 20%. That put the final valuation at $500K, 67% below what they originally asked for.

What happened to Opulence MD Beauty after Shark Tank?

Out of business

Opulence MD Beauty appears to be out of business (Founder Dr. Anika Goodwin-Hilderbrand announced the closure in an Instagram video on June 18, 2023, and the brand ran an 85 percent off liquidation sale.).

Sources (3)

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