Sadly, the sharks all passed on Iskra Tsenkova's request of $300,000 For 10% equity in Angel Shave Club. But, what happened since her appearance on the show?
Before the episode of "Shark Tank" was filmed, Tsenkova's idea for a razor subscription service bloomed into a business. And at the start, it appeared to go smoother than, well, freshly shaved legs. The company earned approximately 2,000 subscribers in four months (via SEOAves). The Sharks were impressed by the numbers, but passed on the opportunity to invest. However, the company announced after the episode aired that they had since signed an investment deal with Quake Capital for $200,000 dollars. However, despite their acquired investment, the company experienced the ultimate razor burn and were forced to shut down in 2020 due to a lack of funding brought on by the COVID-19 pandemic, Biznewske reported.
"I don't have great news, after 3 years since we launched, we will unfortunately be shutting down our services due to Covid-19," Tsenkova announced on the Angel Shave Club website.
The Angel Shave Club may have been knocked down by the pandemic. However, it looks like the San Diego-based Tsenkova has moved on. She's keeping it zen after the loss of her business, and now works as a part-time yoga instructor, according to her LinkedIn profile.
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