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.
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.