Kin Apparel – Satin-Lined Hoodies On Shark Tank Season 13
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Kin Apparel – Satin-Lined Hoodies On Shark Tank
Kin Apparel sells satin-lined hoodies designed specifically for women with large, natural hair. These hoodies help protect natural hair from frizz and breakage by maintaining moisture.
The company also offers a range of other satin-lined products, including pillowcases and bonnets, catering to the needs of individuals with curly and kinky hair types.Summary:
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- Company Name: Kin Apparel
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- Founder: Philomina Kane
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- Founded: 2019
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- Product: Satin-lined hoodies and other satin-lined products
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- Asked For: $200K for 30% equity
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- Final Deal: $200K for 30% equity with Lori Greiner and Emma Grede
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- Season/Episode (Shark Tank USA): Season 13, Episode 1
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- Business Status: In Business
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- Headquarters: New York, New York, USA
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- Lifetime Worth (Sales): Estimated $1M
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- Investors: Lori Greiner, Emma Grede
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- Go To Amazon: Buy Now
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- Watch On: Amazon Prime
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Description
Kin Apparel – Satin-Lined Hoodies On Shark Tank Season 13
Kin Apparel, a company that makes satin-lined hoodies to protect natural hair, appeared on Shark Tank Season 13. Founder Philomina Kane pitched the business, seeking $200,000 for a 10% equity stake. She explained that traditional cotton hoodies can damage hair by causing dryness, frizz, and breakage.
Kin Apparel’s hoodies are lined with satin, which helps retain moisture and reduce friction.Sharks Lori Greiner and Emma Grede were impressed by the product and Philomina’s mission of inclusivity. They offered $200,000 for a 30% equity stake, which Philomina accepted after some negotiation.
After the episode aired, Kin Apparel saw a significant boost in sales, going from $355,000 in year-to-date revenue at the time of filming to $700,000.
The company used the Shark Tank investment to increase inventory, find a fulfillment partner, and hire customer service support.
As of 2024, Kin Apparel has over $4.9 million in lifetime revenue and more than 15 employees. The company is also working on placing its products in retail location.
