Blinger Net Worth Shark Tank Update

Girls and women enjoy looking dreamy and cute, so they often use various accessories like jewelry, hair clips, and crystals to add a sparkle to their appearance. To achieve this look, they put a lot of effort into their hair styling. Many accessories take time and often require heating tools to set in place.

Angie came with her daughter Cambria Cella, the owner of Blinger, to invent a product for all ladies to look dreamier. Their product is a styling tool that helps to add crystals, pearls, and other gems to hair without any heat requirements. It works by loading the tool with the gems of one’s choice and then clicking it to the hair for any occasion like proms, events, parties, etc. The adhesives used in the gems are also proprietary and health-safe which stays even when a person is moving rapidly. Moreover, they can be removed just by brushing hair.

The owner came on Shark Tank to request $200K in exchange for 5% of their company. The mother-daughter duo also presented each shark with custom gems, wigs, and Blinger to prove the functionality of their device. Let’s explore their journey on the show.

Blinger Net Worth Shark Tank Update

Angie and Cambria were looking for an investment of $200K in exchange for 5% equity in the company. At the time of the episode, they valued their company at $4 million. Angie and Cambria successfully secured a deal with Barbara Corcoran for an investment of $200K for 25% equity in the company. The investment adjusted the company’s net worth to around $800K. After the show was aired, the company experienced a good boost in exposure. As per my rough estimate, the current net worth of Blinger in 2024 is around $3.5 million.

Shark(s) name	Offer & Demand	Counteroffer	Accepted?
Kevin O’Leary	Out	N\A	N\A
Mark Cuban	Out	N\A	N\A
Lori Greiner	Out	N\A	N\A
Barbara Corcoran	$200K for 5% equity	$200K for 25% equity + all purchase orders funded	Yes
Robert Herjavec	Out	N\A	No

The Owner’s Backstory

Angie related that one day she dreamt about God who was asking her to create a dreamy and girly invention that helps to add crystals to the hairs. Then it took her four years to make the prototype and she also went through five engineering firms to get the job done.

Angie, a single mother of four, was in heavy debt by the time the fifth engineer finally designed her product. She talked to her kids about selling their house to fund its production, and they agreed. Angie sold the house, rented a townhome, and began manufacturing the product through a factory in China. She then rented a booth at the Dallas Toy Fair and set up meetings with two toy companies.

One of them offered her a deal with royalty rights, which she accepted. This partnership led to $20 million in wholesale sales.

Initial Pitch

The mother-daughter duo came on the show to seek $200K for a 5% equity stake. Their product is a heatless styling tool that easily adds gems to hair making them look shinier and more beautiful. The gems get attached with the hair through adhesive which is health-friendly and easily removable through brushing.

Queries about the Product

Lori asked the first question about the difference between the black and the pink colored Blinker. Angie highlighted that the pink one is for girls and comes at $29.99 and the black one comes with Swarovski crystals, designed for women and it sells for $49.

Kevin asked about the duration of their business. The mother replied that it took four whole years to make a prototype and she has a debt of about $1.7M.

Herjavec inquired about the royalty she paid the toy company. It was about 5%.

The shark was also interested to know what happened after the company made $20M in sales. Angie mentioned that the sales then got lowered due to COVID. In the summer of 2022, when the celebrity Serena Williams wore crystals in her hair, the demand for her product peaked. This made the company more successful but she was put into the background. But thankfully, she owned the women’s market as part of her licensing deal. However, Angie is free from the deal now.

Cuban inquired about their current sales. The owner confidently highlighted that they have about $1.640,000 in sales. They will end this year with $4.2M in sales and they will thus make about $1.5M in profit. She also added that her product was sold in just 7 minutes on QVC as well.

The money gained from profit is all used in the inventory and it is worth about $2.5M.

Kevin was curious to know what they needed the $200K for. Angie mentioned that she wants a business partner that will help her to grow. She is already working with two ladies and her daughter Cambrie, who is in the Army too.

Cuban asked if they had a Chief Financial Officer. She replied in the negatives

Shark’s Response and Final Decision

Kevin was the first to drop the deal and he also advised them to get an operation manager to look after the business.

Cuban passed the deal by mentioning that they don’t need an investor as they are already full with their inventory and they have to look after them first.

Corcoran then offered them $200K for 25% equity in their company. She also promised to fly them over to New York and organize their whole business for them.

Herjavec dropped after mentioning that they needed an operator to look after the disorganization.

Lori advised them to take Corcoran’s offer and leave the deal too.

Angie asked if Corcoran would also be willing to fund the purchase order.

Corcoran then revised her offer to $200K for 25% equity along with the funding of POs. Finally, Angie accepted her offer and left the tank with a shark by her side.

Product’s Availability

After getting a deal on the show, Blinger has been used by stars like Serena Williams, Sheryl Lee Ralph, Pink, and Alicia Keys, among many others. Since appearing on Shark Tank, Blinger’s sales have increased, and while the exact revenue isn’t known, they are selling over 2K units per month on Amazon. It’s still unclear if the deal with Barbara went through. Blinger products are currently available on Amazon and the Blinger website.

Conclusion

Blinger’s journey from an idea to a successful product is proof of Angie’s determination and hard work. After years of development, financial struggles, and even selling her home, Angie’s dedication paid off. Her appearance on Shark Tank led to a deal with Corcoran. With celebrity endorsements and growing sales, Blinger is now popular among women and girls who want an easy, heat-free way to add sparkle to their hair. Blinger products are available on Amazon and the Blinger website.