Kreyol Essence Oil Update | Shark Tank Season 11

Stephane Jean-Baptiste and Yve-Car Momperousse pitched their Haitian castor oil products during Shark Tank Season 11. Kreyol Essence oil products are a new take on a modern beauty trend. Plus, these entrepreneurs are creating jobs for women in Haiti, their home country. Will the sharks believe in this ‘liquid gold’ during the Season 11 pitch? Find out in our Kreyol Essence update.

If you’re short on time, here’s a quick overview of what happened to Kreyol Essence after Shark Tank!

Stephane and Yve-Car Momperousse appeared on Shark Tank Season 11, and made a deal with Kevin O’Leary. In terms of a Kreyol Essence update, the company is still in business, and earning an estimated $4 million in revenue each year. Following Shark Tank, the company has been featured by Cosmopolitan and Allure magazine, as well as Forbes and ET.

Shark: Result:
Mark Cuban  No offer
Daymond John No offer
Lori Greiner No offer
Barbara Corcoran No offer
Kevin O’Leary $400,000 for 5% equity, plus $0.25/unit royalty in perpetuity

Shark Tank Kreyol Essence Update

Kreyol Essence update

  • Entrepreneur: Stephane Jean-Baptiste and Yve-Car Momperousse
  • Business: Haitian castor oil beauty products
  • Ask: $400,000 for 10% equity
  • Result: $400,000 for 5% equity and $0.25/unit royalty in perpetuity
  • Shark: Kevin O’Leary

Kreyol Essence is doing more than just making beauty products. Owners, Stephane, and Yve-Car are creating jobs for women in their cultural home of Haiti.

Kreyol Essence Haitian Black Castor Oil for Hair Growth

Helps with hair growth and thinning. Moisturizes, adds shine to hair and skin. Soothes, calms and helps with the appearance of stretch marks. Rich in Vitamin E, Omega 3, 6, 9.

We earn a commission if you make a purchase, at no additional cost to you.

Unlike some entrepreneurs that come to Shark Tank, this savvy business couple owns a castor seed plantation, where they pay above the current market rate for their workers to thrive. More than that, Kreyol Essence basically features a whole line of beauty products, lotions, and oils.

Additionally, they also tote that their oil can help promote hair growth. Then, during their pitch, they give the sharks a box of their products, and all agree that they look and feel great.

Yve-Car explains their previous earnings for Kreyol Essence, including the $1 million in revenue they earned in 2018. Further, they’ve pivoted towards direct-to-consumer sales, and they’ve also just signed a deal with ULTA beauty, which is one of the largest beauty companies in the US.

Despite the company’s high sales, Barbara Corcoran is the first shark to drop out, because the business is too dependent on Yve-Car herself. Likewise, without the remarkable salesmanship Yve-Car brings to the table, she doesn’t think it’s scalable.

Mark Cuban follows out. Although he likes the product, he doesn’t think that the company is investable.

Next up is Daymond John, who says he doesn’t have any expertise in the beauty world, so he also drops out.

Lori Greiner is next, and she says that because the product doesn’t have clinical trials for hair growth and other aspects, she is out because of the risk.

Last but not least is Kevin O’Leary, who makes them a sharky deal of $400,000 for a 37% stake in the company. The entrepreneurs say this is just too large an ask, and try to convince him otherwise.

Stephane gets emotional, but even this doesn’t sway Kevin. They eventually counter with a royalty offer, which immediately piques Kevin’s interest.

They ultimately offer $400,000 in exchange for $0.15 per unit royalty, in perpetuity. Eventually, Kevin counters, raising the royalty to $0.25 and 5% equity.

Finally, Stephane and Yve-Car agree to the deal, but what happens following Shark Tank?

Is Kreyol Essence selling as well as the entrepreneurs believed it would? Keep reading our Shark Tank Kreyol Essence update to find out.

Research for our Kreyol Essence update revealed good news! The company is doing better exceedingly well, and better than ever before.

Their products are available on the Kreyol Essence website, and additionally at ULTA, Whole Foods, QVC, Amazon, plus several other retailers. On their website, you can purchase ‘Shark Tank Wonderful Bundles’, which is a great way to market select groups of products to the new Shark Tank customers.

Since their beauty products took off, they’ve been featured in a wealth of press offerings, such as Cosmopolitan and Allure magazine, as well as Forbes and ET. Lastly, our research also found that Kreyol Essence is now pulling in $4 million per year in revenue.

You can find the other company updates from Season 11 Episode 11 here:

For even more on companies and products, be sure to stop by our Season 11 products page!

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Andrew Smith is the founder and owner of Shark Tank Recap. He is a longtime Shark Tank fan that has been watching it for years and has seen every episode multiple times. His friends know him as the Shark Tank expert, because he can answer any question about the show! His favorite Shark Tank products are Bertello's pizza oven and Bug Bite Thing!