Bizz Bucket wishes more success to Hot Tot. Mark Cuban seems to be a lucky charm for Megan and her business. Hot Tot is consistently growing in terms of profit and customer addition. Hot Tot uses PET plastic, which is environmentally friendly and the most recycled plastic in the USA. Hot Tot has captured many big salons and branded itself as a high-end, kids’ hair care product. Hot Tot is still in operation and is doing great. As of 2022, they have annual revenue of $5 million. But this valuation was not bad for Hot Tot, as from now till then they are growing on the scale of a growth meter. In the end, Mark gave an offer that valued the company at $187,500. The company asked for a valuation of $333,33.33 for the show. SO COZY What is the net worth of Hot Tot?.Still, it competes with various businesses to improve itself. Hot Tot still works with limited hair care products on the market. As of 2022, she is doing a great job in sales and the expansion of her business. Hot Tot has created a brand new category called high-end.

Hot Tot started with a single hair product but gradually made many additions, including sweet pea curl hair serum that costs $16 per unit, Shampoo which costs $14.50, Styling Gel which costs $16.50 per unit, and Structure whip costs $19.50 per unit. By the end of the show, Mark lowered the valuation to $187,500. During the pitch, they asked for a valuation of $333,33.33. Hot Tot is available in various luxurious salons, on Amazon, and on their website. Kevin’s statement seems wrong that people don’t care about kids’ hair.

After the show, many distributors also approached Megan about the distribution of products, but she said she’ll continue with her principle of slow and gradual growth along with distribution to the top-class sector, like the luxurious hair salon segment. After the testing, Hot Tot is now officially a hypoallergenic brand that is completely safe to use. After the show, Mark Cuban and Megan Gage did the deal along with testing products to check whether they were hypoallergenic or not. What happened to Hot Tot after Shark Tank?Īfter the show, the picture of Hot Tot changed completely. On the show, Megan had only one offer on the table and she didn’t want to lose it, so she made a deal with Mark Cuban by accepting his offer and receiving her check. Robert Herjavec said he could not offer less than Mark, so he went out.ĭaymond John said he had a connection with Paul Mitchell, who could help her in this segment, but he took his hands out. Mark said they’d first do the testing so they could label that kit as hypoallergenic, which would be a game-changer for his business. Mark Cuban said he was impressed with Megan as well as Hot Tot and gave an offer of $75,000 in exchange for a 40% equity in the business. Lori Greiner didn’t like the packaging of products and felt it was too early to invest, so she also went out. Kevin O’ Leary said no one cares about kids’ hair, so just stop this here and just go out. Megan shared that her hair care products are far better than marketed products. Megan shared that she is a new startup that was started 15 months back and has had sales of $20,000 till then. Megan asked for an investment of $50,000 in exchange for a 15% equity in the company. Megan Gage came on the show looking for investment and shark expertise for their advice to expand her business smoothly. Did Hot Tot get a deal on the Shark Tank? Megan has a mission of enhancing self-esteem and valuing creativity. Hot Tot was started in 2011 and has been growing since. Megan believes that she should make her children learn by example. Megan made ‘ Hot Tot ‘ with the complete use of safe and natural ingredients and substances. Megan started doing research and experimenting along with her husband and finally developed the prototype of her hair kit for kids. When Megan came to know that various harmful chemicals and artificial scents are used in hair care products available on the market for kids, she decided that she’d not allow a lot of harsh chemicals on her kids.

Who founded Hot Tot? Who are the founders of Hot Tot?.

What happened to Hot Tot after Shark Tank?.

Did Hot Tot get a deal on the Shark Tank?.

Hot tot hair care