Stryx Appears on ABC’s Shark Tank
14 Mai 2022 - 03:00AM
Business Wire
Men’s cosmetics startup received an offer for a
deal from Robert Herjavec
Today Stryx men’s cosmetics & skincare appeared on ABC’s
Shark Tank and received an offer for a $600K deal from Robert
Herjavec.
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Stryx Appears on Shark Tank (Photo:
Business Wire)
Stryx engineers discreet products for every guy to easily,
confidently and comfortably look his best. When a pimple almost
ruined Devir Kahan's wedding day, he realized men nationwide were
embarrassed to use makeup to cover zits. He founded Stryx in 2019
to change men's grooming and help men feel more comfortable using
cosmetics.
Stryx found in vetting its audience, many men were sneaking into
the women’s aisle at drugstores or stealing cosmetics from their
girlfriends. Stryx is expanding the men’s grooming category, as 70%
of customers have never purchased a cosmetic product before, but
now you can find them in Target, Nordstrom and other retailers.
Stryx also participated in the XRC Labs accelerator program in 2020
which allowed them further investment, mentorship and valuable
retail connections. Over the past year, Stryx experienced 250%
sales growth, a 720% TikTok follower increase and Devir was
included in the Forbes 30 Under 30 list.
Today Stryx celebrates a new growth milestone with its Shark
Tank appearance.
“Our Shark Tank airing comes at such an exciting time for the
company. We’ve been working for over three years building our
brand, and we think Robert will play a major role in getting us to
the next level. We plan to use his partnership and investment to
expand our unique product offering and retail availability,” says
CEO & Co-Founder, Devir Kahan.
“The pandemic also accelerated our brand as we’ve been able to
help men look their best on Zoom calls, FaceTime dates and other
virtual experiences,” says CMO & Co-Founder, Jon
Shanahan, who leads Stryx’s social media strategy and content
creation. Jon specifically leveraged the brand’s TikTok account for
customer education and has seen a resulting 400% sales increase
following certain postings. “Most of our customers are ages 25-45
with people-facing jobs - executives, real estate brokers, sales
reps, waiters, models and actors. Lots of men come to us skeptical
that cosmetics are only for women, but I’m a husband and father,
and I hope to demonstrate that you can be secure in your
masculinity and still wear a little concealer to cover a pimple or
razor burn.” Most younger Stryx customers deal with acne, breakouts
and redness, while older customers battle rosacea, dark circles and
wrinkles.
“When I first saw Jon using Stryx products on TikTok, I
immediately knew it was a company I wanted to get behind. I love
their approach because it’s informative, comfortable and accepting
for men who need some help to look and feel their best, whether
it's for a big job interview, social event, the bright lights of TV
and film or just everyday,” says ESPN Host and Stryx Partner,
Gary Striewski. “I’m proud to partner with Stryx to show men
that wearing cosmetics doesn’t have to be intimidating.” In
addition to Gary, BRAVO celebrity and Partner, Tom Sandoval, also
represents the brand and co-created the Stryx Bronzing Gel.
To learn more about Stryx, please visit stryx.com. To download
images and video for media use around this airing, please visit
www.dgepress.com.
About Stryx Stryx engineers
discreet men's cosmetic and skincare products for everyday guys to
easily, confidently and comfortably look their best. Products are
formulated specifically for men's skin (see ingredients) and
cruelty-free, available in Target, Target.com, Nordstrom Men’s
Store NYC, Nordstrom.com, CVS, UrbanOutfitters.com, Stryx.com and
other select stores. Stryx also offers a subscribe-and-save
discount on all their products so you can have them delivered
stress-free. Learn more about Stryx on TikTok, YouTube, Facebook,
Instagram and Twitter.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220513005004/en/
Media: Amanda (Hodge) Bell XRC Labs Associate Director of
PR Amanda@xrclabs.com 214-208-9895