Barbara Lampugnale showed up on Shark Tank season 3 to pitch her item Nail Pak and marked a $50,000 manage Lori Greiner to extend the Nail Pak product offering the year before.
She holds a tough patent on the three-in-one nail paint, remover, and record and, along with Greiner, has rapidly ventured into retail.
Barbara is the mother of six girls and maintains her business, Duality Cosmetics Nail Packs, in her extra time.
What is Nail Pak?
Nail Pak is a three-in-one pack with nail paints, cushions, and nail clean remover to eliminate nail clean appropriately. It is the littlest versatile item in beauty care products history and accomplished remarkable deals during its concise presence.
Barbara Lampugnale is the mother of six girls and dwells in West Hartford, Connecticut.
Nail Pak Shark Tank
She doesn’t have a lot of extra time, so she regularly needs a convenient solution to excellence systems like nail cleaning.
The outcome was the making of Nail Pak, a multi-reason beauty care products item. The container seems to be a normal nail clean jug, yet the base can be unscrewed to uncover a roundabout record and pre-drenched nail paint evacuation cushions.
The patent for the 3-in-1 Nail Pak was utilized to contribute her firm 2012 on Shark Tank. Lampugnale marked an arrangement with Lori Greiner, who promptly put her on QVC. The Nail Pak (10,000 jugs) is at this point not accessible.
Organization Name Nail Pak
Founder Barbara Lampugnale
Product Nail Polish Kits That Come With Polish, A Nail File, And Presoaked Polish Remover
Venture Seeking $50,000 For a 20% in Nail Pak
Last Deal $50,000 For a 40% stake in Nail Pak
Shark Lori Greiner
Episode Season 3, Episode 12
Status In Business
Who is the Founder of Nail Pak?
Barbara Lampugnale established Duality Cosmetics, which delivered Nail Pak. This business delivered a historic item, yet the outcomes were discouraging.
At first called Nail Pak, the organization later became Grace Nail. Barbara got the plan to make Nail Pak while she and her six little girls applied nail clean one evening.
They found that eliminating it subsequent to wearing it for some time was so troublesome. Barbara tested out her plan to her girls, who figured making a three-in-one thing would be 1,000,000 dollar thought.
Nail Pak was a special nail clean bundle that included clean, remover, document, and cushions in a single holder.
Nail Pak Before Shark Tank
Barbara Lampugnale planned Nail Pak to limit the weight of buying such countless various things to do one’s nails.
One evening, she concocted the thought when her six children were fixing their nails, and she experienced those issues.
Barbara fostered an item that contained every one of the essential fixings in a single compartment, including the nail clean remover and cushions. The organization is classified “Duality Cosmetics.”
Barbara had the monetary means to put vigorously in the idea, which many Shark Tank business people need.
She was unable to tie down circulation prior to showing up on the show because of the time she spent calibrating different parts of her business, for example, applying for a patent and assembling stock.
Barbara applied for season three of Shark Tank keeping in mind the desire of developing her business.
How Was the Shark Tank Pitch Of Nail Pak?
Barbara had the monetary means to put resources into her firm, which came about in a $300,000 speculation. Sharks were astounded when she let them know this.
Mark Cuban asked her how could she acquire the assets. They learned she and her better half were accomplices in a land organization and procured a reinvested benefit.
Barbara Lampugnale showed up on Shark Tank mentioning a speculation of $500,000 in return for a 20% stake in Nail Pak.
Barbara showed that the items incorporate all things needed for nail paint evacuation and the actual clean in a three-in-one frill box.
Her item is forthcoming a patent; she likewise educated each shark as she gave them tests.
At the point when Robert got some information about the selling cost and creation cost, she answered that the assembling cost was $3, and the units were sold for $14.99 each.
Robert perceived the energy showed by the item yet couldn’t aid its deal, so he left.
Nail Pak Shark Tank
Imprint couldn’t see the item forming into a business and left.
Kevin was happy with the edges and taken a gander at Lori and commented that selling the products on QVC would be hugely gainful.
Kevin expressed that going in with Lori would be less perilous. She declined and made a $50,000 offer for 51% of the organization.
Barbara questioned Lori’s proposal of $50,000 for a 40% stake in the organization. Kevin prompts her not to acknowledge the plan, but rather Barbara perceives Lori’s true capacity and acknowledges the proposition and the worthwhile QVC support.
Barabara Lampugnale left the Shark Tank stage, getting a speculation from Lori Greiner for Nail Pak.
Last Deal: Barbara Lampugnale consented to put $50,000 for a 40% value in Nail Pak.