Paper towels are hands in the kitchen, but they aren’t environmentally friendly. That’s why Noam and Irene Krasniansky have created a bamboo paper towel alternative, as a tree-free solution to kitchen cleanup. Will they earn a deal on
Shark Tank Bambooee Update
- Entrepreneurs: Noam and Irene Krasniansky
- Business: Reusable bamboo kitchen towels
- Ask: $200,000 in exchange for 10%
- Result: $200,000 in exchange for 10%
- Sharks: Lori Greiner
Noam and Irene claim that one 20-sheet roll of their reusable bamboo kitchen towels can be laundered up to one-hundred times, replacing up to 286 rolls of conventional paper towels made from trees. For each roll sold, Bambooee plants a tree.
The company had been in business for two years at the time of their 2014 appearance. In the year prior to
Kevin O’Leary made an offer for $200,000 in exchange for 8% interest, plus the 10% equity in their company as an incentive. Noam said he was interested in the offer, but only if Kevin were able to bring other sharks on board.
Lori Greiner loved the product and called it a hero– she offered the pair their ask– $200,000 in exchange for 10%. Noam and Irene gladly accepted, and they walked away with a deal. What happened next for the company? Keep reading our Bambooee update to find out!
We have great news to report in our Bambooee update! The company is still in business in 2023, with an estimated annual revenue of around $5 million. The expanded product line is readily available for purchase on the Bambooee website, Amazon, and on Walmart online. According to the company’s website, they have planted over 250,000 trees so far, and hope to plant at least 1 million in total.
Would you like to learn about the other companies featured on Season 5 Episode 18? Follow the links below for our other company updates from the episode.
For even more on companies and products, be sure to stop by our Season 5 Products Page!
Jennifer is an avid Shark Tank fan that has been watching the show for years. She serves as Senior Editor at Shark Tank Recap and ensures that all our information is accurate and that our posts are up to date. Her favorite Shark Tank products are Le-Glue and Ring!