Manscaped is a male grooming and body care product, co-founded by Paul Tran from Vietnam, who studied engineering and business. Discover the inspiring story of the co-founder of this international brand.
What is Manscaped?
Manscaped is a company that specializes in male grooming and personal care products designed explicitly for below-the-waist grooming needs.
Manscaped Founders
Even though Steve and Josh King proposed the business on Shark Tank, Paul Tran is a co-founder. He’s a businessman from Vietnam who lives in Las Vegas. Tran studied engineering and business at the University of Southern California.
He didn’t speak English and had a difficult upbringing as an immigrant in the United States. Nevertheless, he expanded his imagination and took on other ventures. IDK, an innovation laboratory, is one of his most prosperous ventures. As a result of his efforts, he partnered with Steve King, a managing partner at Pipeline Funding, and his son Joshua.
Manscaped: Shark Tank Appearance
Paul sent Josh and Steve to Shark Tank season 10 in 2018 to represent Manscaped. When they arrived, they wanted to buy a 7% share in the firm for $500,000. They presented their bundle, which included eight distinct items. NBA veteran Charles Barkley was a guest investor during the pitch. Barkley was the first to decline the offer, which was unfortunate since it would have been a great chance to introduce the product to the sports world.
The first person to express interest and request a collaboration with Lori Greiner was billionaire Mark Cuban. Together, they made an offer of $500,000 for 25%. After several deliberations, the business owners approved Lori and Mark’s offer.
Manscaped After Shark Tank
According to Bloomberg, the agreement with Mark and Lori didn’t close following the program. Even with the loss, the show’s publicity helped to increase sales. Manscaped has partnered with various sports, such as the NHL franchise Los Angeles Kings and the UFC, to further its brand. The business received a $500,000 investment in 2019 from Gaingels, Longley Capital, and Wharton Alumni Angels.
Manscaped said 2021 it will go public through an SPAC agreement with Bright Lights Acquisition, with a potential $1.4 billion in total valuation. Both businesses agreed to call off the IPO on August 18, 2022, citing unfavorable market circumstances.
The company isn’t profitable yet; according to Yahoo Finance, in 2021, they brought in $297 million but lost $315 million overall. Manscaped projects over $500 million in sales by 2023. At the moment, Manscaped is thought to be valued at around $750 million.
What products does Manscaped offer?
Manscaped offers a range of grooming products, including electric trimmers, razors, skincare products, deodorants, and other accessories.
Are Manscaped products safe to use?
Yes, Manscaped products are specifically designed with safety in mind. They incorporate skin-safe technology to prevent nicks, cuts, and irritation.
Where can I purchase Manscaped products?
Manscaped products can be purchased directly from their official website or through authorized retailers.
Is Manscaped only for body grooming?
While Manscaped is known for its expertise in below-the-waist grooming, it also offers products for general male grooming needs, such as facial hair care and skincare.
Are Manscaped products suitable for all skin types?
Yes, Manscaped products are formulated to be suitable for various skin types. However, individual sensitivities may vary, so performing a patch test before full use is always recommended.
Are Manscaped products waterproof?
Many Manscaped products, especially their electric trimmers, are designed to be waterproof or water-resistant, allowing for easy and convenient use in the shower.
Can Manscaped products be used in sensitive areas?
Manscaped products are specifically designed for sensitive areas and below-the-waist grooming. They prioritize safety and comfort to ensure a gentle and effective grooming experience.
Do Manscaped products come with a warranty?
Yes, Manscaped offers warranties on their products. The specific terms and duration of the warranty may vary, so it’s best to check the product packaging or their website for details.
Can I get replacement parts for Manscaped products?
Yes, Manscaped provides replacement parts and accessories for their products. They offer individual components such as blades, guards, and charging cables for easy maintenance and longevity of their device.
