Range Beauty received an investment offer on the TV show Shark Tank for $150,000 in exchange for a 20% stake in the brand. The company will be working with regular Shark Tank panelist Lori Greiner and guest Shark Emma Grede, per an article from Meaww.
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Alicia and Myisha Scott, founders of Range Beauty, initially requested an investment of $150,000 in exchange for a 6% stake in their brand. Greiner and Grede countered with an offer of $150,000 for 20% stake, and after some back and forth negotiations, the brand founders offered the Shark’s initial offer.
Range Beauty is an inclusive and alternative makeup brand that focuses on melanin-rich and sensitive skin. The brand is currently offering a Shark Tank Sale on its website with discounts on the products showcased on the TV show, including the True Intentions Hydrating Foundation Sample Kit and Complexion Essentials Set.
