Did Kin Apparel receive an investment on Shark Tank Season 13? Yes, Kin Apparel successfully secured a $200,000 investment for 20% equity from Emma Grede and Lori Greiner on Shark Tank Season 13. They pitched their innovative satin-lined hoodies designed for hair care enthusiasts.
Summary
- Kin Apparel, a company specializing in satin-lined hoodies, appeared on Shark Tank Season 13.
- The founders sought $200,000 for 10% equity.
- They impressed the Sharks with their unique product designed to protect hair from damage.
- Emma Grede and Lori Greiner jointly invested $200,000 for 20% equity.
- This investment is expected to propel Kin Apparel’s growth and expand its market reach.
Kin Apparel Shark Tank Update | Shark Tank Season 13
The Problem
Hair breakage, frizz, and dryness are common woes, especially for those with textured or curly hair.
Traditional cotton pillowcases and hoodies can exacerbate these issues due to their rough fibers, which create friction and strip hair of its natural moisture.
The Solution
Kin Apparel recognized this problem and devised an innovative solution: satin-lined hoodies. Satin, a smooth and luxurious fabric, minimizes friction, helping to retain moisture, prevent breakage, and reduce frizz.
By incorporating satin lining into everyday apparel like hoodies, Kin Apparel offers a practical and stylish way to protect hair health.
The Founders
Philomina Kane and Taylor Albritton, the dynamic duo behind Kin Apparel, are driven by a passion for hair care and inclusivity.
Their personal experiences with hair damage fueled their desire to create products that cater to diverse hair types and textures.
With a commitment to quality and a focus on customer satisfaction, they embarked on a mission to revolutionize hair protection.
Shark Tank Season 13 Pitch
1. The Pitch
| Entrepreneur(s) | Philomina Kane and Taylor Albritton |
|---|---|
| Business | Kin Apparel |
| Ask | $200,000 for 10% equity |
| Deal | $200,000 for 20% equity |
| Sharks | Emma Grede and Lori Greiner |
| Season | 13 |
| Original Air Date | March 11, 2022 |
| Website | Kin Apparel |
| Key Points of Pitch |
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| Why Sharks Accepted |
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2. The Sharks’ Reactions
As Philomina and Taylor presented their satin-lined hoodies and shared their compelling story, the Sharks were immediately intrigued.
The product’s uniqueness and the founders’ passion resonated with the investors. Questions arose about the target market, manufacturing process, and sales figures, all of which were confidently addressed by the entrepreneurs.
3. The Negotiations
The Sharks recognized the potential of Kin Apparel and its innovative product. After some back-and-forth negotiations, Emma Grede and Lori Greiner, both successful entrepreneurs with expertise in fashion and retail, decided to join forces and invest a combined $200,000 for 20% equity in the company.
This strategic partnership provided Kin Apparel with not only the much-needed capital but also valuable mentorship and industry connections.
The Investment
1. Investors: Emma Grede and Lori Greiner
Emma Grede, a fashion mogul and co-founder of Good American, brought her expertise in brand building and marketing to the table.
Lori Greiner, renowned as the “Queen of QVC,” offered her vast experience in product development, retail distribution, and sales.
Together, their combined knowledge and resources created a powerhouse partnership for Kin Apparel.
2. Deal Terms
The final deal saw Emma Grede and Lori Greiner jointly investing $200,000 in Kin Apparel in exchange for a 20% stake in the company.
This investment provided the much-needed capital infusion to fuel the brand’s growth and expansion plans.
The founders’ decision to accept a slightly higher equity stake demonstrated their confidence in the Sharks’ ability to propel their business forward.
3. Impact
The Shark Tank investment served as a catalyst for Kin Apparel’s rapid growth. With the financial backing and guidance of their investors, the company was able to ramp up production, expand their product line, and enhance their marketing efforts.
They leveraged the Sharks’ industry connections to secure valuable retail partnerships, increasing their brand visibility and reach. The investment also instilled confidence in customers and retailers, further solidifying Kin Apparel’s position in the market.
This infusion of capital and expertise empowered the company to scale their operations and reach a wider audience, ultimately making their satin-lined hoodies accessible to more people and helping to protect even more beautiful hair.
Kin Apparel’s Products
1. Satin-Lined Hoodies
Kin Apparel’s flagship product, the satin-lined hoodie, is a testament to their commitment to hair health. Crafted from high-quality materials, these hoodies offer a luxuriously soft feel against the hair and skin. The satin lining reduces friction, helping to prevent breakage, frizz, and dryness.
The hoodies come in a variety of stylish designs and colors, catering to diverse tastes. They are not only functional but also fashionable, allowing wearers to protect their hair without compromising on style. The hoodies are designed to be durable and long-lasting, ensuring that the satin lining remains effective even after multiple washes.
The benefits of Kin Apparel’s satin-lined hoodies extend beyond hair protection. They also help to maintain hairstyles, prevent tangles, and promote overall hair health. Whether you have curly, straight, or textured hair, these hoodies provide a gentle and effective way to care for your tresses.
2. Other Hair Care Accessories
In addition to their signature hoodies, Kin Apparel has expanded their product line to include a range of hair care accessories. These include satin-lined bonnets, pillowcases, and scrunchies, all designed to provide the same hair-protecting benefits as their hoodies.
The bonnets are perfect for overnight wear, keeping hair tucked away and protected while you sleep. The pillowcases offer a luxurious and gentle surface for your hair to rest on, minimizing friction and breakage. The scrunchies are made with soft satin to avoid pulling and snagging, helping to maintain healthy hair.
Customer Reviews
1. Testimonials: Real People, Real Results
Kin Apparel’s customers rave about the positive impact their products have had on their hair. Many have reported a noticeable reduction in breakage, frizz, and dryness since switching to satin-lined hoodies and accessories.
Customers with curly hair have praised the products for helping to define their curls and prevent tangles. Those with straight hair have noted improved shine and smoothness. The testimonials highlight the effectiveness of Kin Apparel’s products in addressing a variety of hair concerns.
2. Social Media Buzz: Positive Feedback
Kin Apparel has garnered a loyal following on social media, with customers sharing their experiences and positive feedback. The brand’s Instagram page is filled with photos and videos of people wearing their hoodies and accessories, showcasing the products’ versatility and style.
The positive comments and reviews on social media further attest to the quality and effectiveness of Kin Apparel’s products. They have created a community of hair enthusiasts who appreciate the brand’s commitment to hair health and inclusivity.
Future Plans
Kin Apparel is not resting on its laurels. With the Shark Tank investment fueling their growth, they have ambitious plans for the future.
1. New Product Development
The company is committed to continuous innovation, with plans to develop new products that cater to diverse hair needs.
This includes exploring different fabric blends, expanding their range of accessories, and creating solutions for specific hair types and concerns.
By staying ahead of the curve and listening to customer feedback, Kin Apparel aims to remain a leader in the hair protection industry.
2. Retail Partnerships
To make their products more accessible to a wider audience, Kin Apparel is actively seeking retail partnerships.
This includes collaborations with major retailers, both online and in-store, as well as smaller boutiques and specialty stores.
By expanding their distribution network, they aim to reach more customers and increase their market share.
3. Expanding Market Reach
While Kin Apparel has already established a strong presence in the United States, they have their sights set on international expansion.
They plan to target markets with similar hair care needs and preferences, tailoring their products and marketing strategies to suit local cultures and demographics.
By going global, Kin Apparel aims to become a household name in hair protection worldwide.
FAQs
Where can I buy Kin Apparel hoodies?
Kin Apparel hoodies and accessories can be purchased directly from their website, kinapparel.com. You can also find them at select retailers, both online and in-store.
What sizes are available?
Kin Apparel offers a wide range of sizes to cater to different body types. Their size chart is available on their website, so you can find the perfect fit.
Do you offer international shipping?
Yes, Kin Apparel ships internationally to many countries. Shipping costs and delivery times vary depending on the destination.
What is your return policy?
Kin Apparel has a hassle-free return policy. If you are not satisfied with your purchase, you can return it within a specified time frame for a full refund or exchange.
The Bottom Line
Kin Apparel’s journey is a testament to the power of innovation, passion, and the Shark Tank platform. The company’s unique satin-lined hoodies have revolutionized hair care, providing a simple yet effective solution to a common problem.
With the support of their investors, Emma Grede and Lori Greiner, Kin Apparel is poised for continued growth and success. Their commitment to quality, inclusivity, and customer satisfaction sets them apart in the competitive market.
Whether you’re a curly-haired queen, a straight-haired beauty, or anything in between, Kin Apparel’s products are designed to help you protect and nurture your hair. With their stylish designs and practical functionality, their hoodies and accessories are a must-have for anyone who wants to keep their hair healthy and looking its best.
