54 Thrones Shark Tank Update

After a corporate career, Tegbe made a bold decision to cash out her 401 (k) and traveled across Africa, forging direct relationships with women-led cooperatives. Her vision was clear: to build a luxury skincare brand rooted in ethical sourcing, fair trade, and authentic African ingredients.

The Shark Tank Pitch In Season 13, Tegbe pitched 54 Thrones to the Sharks, seeking $250,000 for a 10% stake, valuing her company at $2.5 million. She explained her niche: creating clean, chemical-free skincare products that support African communities.

She had already gained traction with $500,000 in sales the prior year and upcoming launches in Sephora and Nordstrom. Her pitch highlighted the brand’s unique sourcing and social mission, which resonated with the panel. The Sharks were impressed by her education, background, and the authenticity of her story.

The negotiation that followed was tense and instructive for any entrepreneur. The Deal and Negotiation Several Sharks bowed out for various reasons. Lori Greiner enjoyed the product but said she had a conflict of interest due to a similar investment and dropped out…